Financials Zaklady Azotowe Pulawy S.A.

Equities

ZAP

PLZAPUL00057

Agricultural Chemicals

Delayed Warsaw S.E. 08:53:01 2024-04-29 am EDT 5-day change 1st Jan Change
57.2 PLN -0.35% Intraday chart for Zaklady Azotowe Pulawy S.A. -2.05% -6.84%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 2,991 1,292 1,705 1,640 1,506 1,384
Enterprise Value (EV) 1 2,280 777.1 1,269 1,365 798.2 760.1
P/E ratio 11.5 x 22.6 x 5.63 x 7.6 x 7.19 x 4.76 x
Yield 2.85% 2.6% 6.11% - 8.38% -
Capitalization / Revenue 0.86 x 0.36 x 0.48 x 0.51 x 0.27 x 0.16 x
EV / Revenue 0.65 x 0.22 x 0.35 x 0.43 x 0.15 x 0.09 x
EV / EBITDA 4.41 x 2.76 x 2.07 x 2.83 x 1.27 x 0.73 x
EV / FCF 41.2 x -4.59 x 1,573 x 18.2 x 4.14 x -4.99 x
FCF Yield 2.43% -21.8% 0.06% 5.48% 24.2% -20%
Price to Book 0.94 x 0.4 x 0.49 x 0.46 x 0.4 x 0.35 x
Nbr of stocks (in thousands) 19,115 19,115 19,115 19,115 19,115 19,115
Reference price 2 156.5 67.60 89.20 85.80 78.80 72.40
Announcement Date 4/19/18 4/25/19 4/8/20 4/27/22 4/27/22 3/30/23
1PLN in Million2PLN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 3,491 3,578 3,584 3,206 5,489 8,899
EBITDA 1 517.1 281.3 611.4 481.5 627.4 1,038
EBIT 1 324.1 71.29 399.2 265 406 816.5
Operating Margin 9.29% 1.99% 11.14% 8.26% 7.4% 9.18%
Earnings before Tax (EBT) 1 308.8 76.01 376.2 270.1 140.2 263.8
Net income 1 259.8 57.25 302.6 215.9 209.5 290.5
Net margin 7.44% 1.6% 8.45% 6.73% 3.82% 3.27%
EPS 2 13.59 2.995 15.83 11.29 10.96 15.20
Free Cash Flow 1 55.38 -169.3 0.8066 74.84 192.9 -152.2
FCF margin 1.59% -4.73% 0.02% 2.33% 3.51% -1.71%
FCF Conversion (EBITDA) 10.71% - 0.13% 15.54% 30.75% -
FCF Conversion (Net income) 21.32% - 0.27% 34.67% 92.05% -
Dividend per Share 2 4.460 1.760 5.450 - 6.600 -
Announcement Date 4/19/18 4/25/19 4/8/20 4/27/22 4/27/22 3/30/23
1PLN in Million2PLN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 712 515 436 275 708 624
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 55.4 -169 0.81 74.8 193 -152
ROE (net income / shareholders' equity) 8.2% 1.73% 9.02% 6.13% 5.68% 7.5%
ROA (Net income/ Total Assets) 4.9% 1.03% 5.26% 3.13% 3.95% 6.92%
Assets 1 5,296 5,574 5,752 6,898 5,306 4,196
Book Value Per Share 2 167.0 168.0 182.0 187.0 199.0 207.0
Cash Flow per Share 2 27.60 29.80 29.20 28.50 52.20 51.30
Capex 1 404 478 444 616 1,042 458
Capex / Sales 11.57% 13.36% 12.4% 19.21% 18.99% 5.15%
Announcement Date 4/19/18 4/25/19 4/8/20 4/27/22 4/27/22 3/30/23
1PLN in Million2PLN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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