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Zastal

WSE:ZST
Snowflake Description

Fair value with poor track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ZST
WSE
PLN4M
Market Cap
  1. Home
  2. PL
  3. Capital Goods
Company description

Zastal S.A. produces rolling stock and steel structures. The last earnings update was 129 days ago. More info.


Add to Portfolio Compare Print
  • Zastal has significant price volatility in the past 3 months.
ZST Share Price and Events
7 Day Returns
0%
WSE:ZST
0.1%
PL Machinery
1%
PL Market
1 Year Returns
-53.8%
WSE:ZST
-40.5%
PL Machinery
-33.3%
PL Market
ZST Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Zastal (ZST) 0% -18.3% -22.6% -53.8% -83.7% -93.6%
PL Machinery 0.1% -17.6% -29.2% -40.5% -55.7% -38.6%
PL Market 1% -15.6% -28.2% -33.3% -38% -38.9%
1 Year Return vs Industry and Market
  • ZST underperformed the Machinery industry which returned -40.5% over the past year.
  • ZST underperformed the Market in Poland which returned -33.3% over the past year.
Price Volatility
ZST
Industry
5yr Volatility vs Market

Value

 Is Zastal undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Zastal to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Zastal.

WSE:ZST Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.3%
Perpetual Growth Rate 10-Year PL Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WSE:ZST
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.5%
Machinery Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.96 (1 + (1- 19%) (0%))
0.973
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.99% + (0.973 * 6.51%)
8.32%

Discounted Cash Flow Calculation for WSE:ZST using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Zastal is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

WSE:ZST DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 8.32%)
2020 0.64 Est @ -33.9% 0.59
2021 0.49 Est @ -23.13% 0.42
2022 0.42 Est @ -15.6% 0.33
2023 0.37 Est @ -10.32% 0.27
2024 0.35 Est @ -6.63% 0.23
2025 0.34 Est @ -4.04% 0.21
2026 0.33 Est @ -2.23% 0.19
2027 0.32 Est @ -0.97% 0.17
2028 0.32 Est @ -0.08% 0.16
2029 0.33 Est @ 0.54% 0.15
Present value of next 10 years cash flows PLN2.00
WSE:ZST DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= PLN0.33 × (1 + 1.99%) ÷ (8.32% – 1.99%)
PLN5.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN5.25 ÷ (1 + 8.32%)10
PLN2.36
WSE:ZST Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN2.00 + PLN2.36
PLN4.36
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN4.36 / 2.73
PLN1.6
WSE:ZST Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN1.60
Current discount Discount to share price of PLN1.47
= -1 x (PLN1.47 - PLN1.60) / PLN1.60
7.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Zastal is available for.
Intrinsic value
8%
Share price is PLN1.47 vs Future cash flow value of PLN1.6
Current Discount Checks
For Zastal to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Zastal's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Zastal's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Zastal's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Zastal's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:ZST PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in PLN PLN8.42
WSE:ZST Share Price ** WSE (2020-04-06) in PLN PLN1.47
Poland Machinery Industry PE Ratio Median Figure of 21 Publicly-Listed Machinery Companies 6.88x
Poland Market PE Ratio Median Figure of 421 Publicly-Listed Companies 9.26x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Zastal.

WSE:ZST PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WSE:ZST Share Price ÷ EPS (both in PLN)

= 1.47 ÷ 8.42

0.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Zastal is good value based on earnings compared to the PL Machinery industry average.
  • Zastal is good value based on earnings compared to the Poland market.
Price based on expected Growth
Does Zastal's expected growth come at a high price?
Raw Data
WSE:ZST PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Poland Machinery Industry PEG Ratio Median Figure of 5 Publicly-Listed Machinery Companies 0.48x
Poland Market PEG Ratio Median Figure of 102 Publicly-Listed Companies 0.73x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Zastal, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Zastal's assets?
Raw Data
WSE:ZST PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in PLN PLN110.44
WSE:ZST Share Price * WSE (2020-04-06) in PLN PLN1.47
Poland Machinery Industry PB Ratio Median Figure of 26 Publicly-Listed Machinery Companies 0.75x
Poland Market PB Ratio Median Figure of 638 Publicly-Listed Companies 0.84x
WSE:ZST PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WSE:ZST Share Price ÷ Book Value per Share (both in PLN)

= 1.47 ÷ 110.44

0.01x

* Primary Listing of Zastal.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Zastal is good value based on assets compared to the PL Machinery industry average.
X
Value checks
We assess Zastal's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Zastal has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Zastal expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Zastal has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-6.3%
Expected Machinery industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Zastal expected to grow at an attractive rate?
  • Unable to compare Zastal's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Zastal's earnings growth to the Poland market average as no estimate data is available.
  • Unable to compare Zastal's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WSE:ZST Future Growth Rates Data Sources
Data Point Source Value (per year)
Poland Machinery Industry Earnings Growth Rate Market Cap Weighted Average -6.3%
Poland Machinery Industry Revenue Growth Rate Market Cap Weighted Average 0.1%
Poland Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Poland Market Revenue Growth Rate Market Cap Weighted Average 4.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WSE:ZST Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:ZST Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2019-09-30 31 1 25
2019-03-31 29 2 -6
2018-12-31 31 2 -5
2018-09-30 14 1 81
2018-06-30 28 1 47
2018-03-31 58 2 -6
2017-12-31 58 2 -5
2017-09-30 58 3 -50
2017-06-30 56 8 -51
2017-03-31 47 7 -42
2016-12-31 51 7 -42

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Zastal is high growth as no earnings estimate data is available.
  • Unable to determine if Zastal is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WSE:ZST Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Zastal Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:ZST Past Financials Data
Date (Data in PLN Millions) EPS *
2019-09-30 8.42
2019-03-31 -2.06
2018-12-31 -1.76
2018-09-30 39.13
2018-06-30 26.60
2018-03-31 -2.01
2017-12-31 -4.81
2017-09-30 -45.28
2017-06-30 -45.29
2017-03-31 -37.17
2016-12-31 -37.92

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Zastal will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Zastal is trading at Zastal'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Zastal's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Zastal's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Zastal's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Poland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Poland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Zastal has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Zastal performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Zastal's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Zastal has delivered over 20% year on year earnings growth in the past 5 years.
  • Zastal's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Zastal's 1-year earnings growth is negative, it can't be compared to the PL Machinery industry average.
Earnings and Revenue History
Zastal's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Zastal Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:ZST Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 30.66 25.31 6.12
2019-03-31 29.30 -5.64 6.49
2018-12-31 30.85 -4.82 6.36
2018-09-30 13.79 80.87 3.07
2018-06-30 28.30 47.44 4.78
2018-03-31 57.93 -6.10 7.82
2017-12-31 58.16 -5.37 7.79
2017-09-30 57.62 -50.09 6.62
2017-06-30 55.88 -50.58 6.02
2017-03-31 46.63 -41.51 5.72
2016-12-31 51.22 -42.35 5.78
2016-09-30 48.15 -42.31 5.39
2016-06-30 44.87 -37.73 4.60
2016-03-31 41.23 -47.18 3.27
2015-12-31 35.34 -42.24 2.41
2015-09-30 33.33 -8.30 2.15
2015-06-30 31.03 -15.23 2.99
2015-03-31 28.17 -3.87 2.84
2014-12-31 26.44 -6.83 3.04
2014-09-30 23.65 -0.81 2.91
2014-06-30 21.88 7.20 2.38
2014-03-31 21.68 8.65 2.74
2013-12-31 21.65 9.43 2.91
2013-09-30 23.79 15.78 3.03
2013-06-30 24.32 19.48 2.41

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Zastal has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if Zastal has efficiently used its assets last year compared to the PL Machinery industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Zastal improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Zastal's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Zastal has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Zastal's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Zastal's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Zastal's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Zastal's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Zastal's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are -0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Zastal Company Filings, last reported 6 months ago.

WSE:ZST Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 301.82 0.00 1.53
2019-03-31 20.03 5.86 1.52
2018-12-31 20.03 6.84 1.85
2018-09-30 24.45 6.58 1.36
2018-06-30 23.30 7.06 2.64
2018-03-31 23.66 6.64 2.49
2017-12-31 27.17 5.49 31.40
2017-09-30 22.33 5.48 31.12
2017-06-30 22.54 5.28 30.40
2017-03-31 33.98 5.84 25.51
2016-12-31 32.54 5.81 23.02
2016-09-30 72.36 2.63 20.96
2016-06-30 73.07 3.05 21.10
2016-03-31 75.62 3.29 2.54
2015-12-31 74.82 3.22 3.02
2015-09-30 113.55 0.84 1.46
2015-06-30 109.70 0.00 2.22
2015-03-31 121.74 0.00 40.05
2014-12-31 115.98 3.14 40.07
2014-09-30 124.98 3.13 51.16
2014-06-30 125.03 7.26 62.70
2014-03-31 125.64 7.34 56.67
2013-12-31 122.90 7.41 51.89
2013-09-30 122.74 7.45 54.89
2013-06-30 117.78 4.37 45.38
  • Unable to establish if Zastal's level of debt is high without past debt data.
  • Unable to establish if Zastal's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Zastal has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Zastal's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Zastal has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Zastal's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Zastal dividends.
If you bought PLN2,000 of Zastal shares you are expected to receive PLN0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Zastal's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Zastal's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WSE:ZST Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Poland Machinery Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 12.9%
Poland Market Average Dividend Yield Market Cap Weighted Average of 193 Stocks 5.9%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.5%
Poland Bottom 25% Dividend Yield 25th Percentile 3.2%
Poland Top 25% Dividend Yield 75th Percentile 9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Zastal has not reported any payouts.
  • Unable to verify if Zastal's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Zastal's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Zastal has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Zastal's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Zastal afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Zastal has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Zastal's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Zastal has no CEO, or we have no data on them.
Management Team

Grzegorz Wrona

TITLE
Vice President of Management Board

Aneta Niedziela

TITLE
Secretary of the Supervisory Board and Member of Supervisory Board
Board of Directors

Joanna Tobolska

TITLE
Chairman of the Supervisory Board

Wlodzimierz Starosta

TITLE
Vice Chairman of the Supervisory Board

Aneta Niedziela

TITLE
Secretary of the Supervisory Board and Member of Supervisory Board

Dariusz Stodolny

TITLE
Member of Supervisory Board

Elzbieta Szymanska

TITLE
Member of Supervisory Board
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (PLN) Value (PLN)
X
Management checks
We assess Zastal's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Zastal has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Zastal SA (WSE:ZST) Delivered A Better ROE Than Its Industry

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows Zastal has a return on equity of 16% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Zastal SA (WSE:ZST): Time For A Financial Health Check

Zastal SA (WSE:ZST) is a small-cap stock with a market capitalization of zł20.50m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

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Should You Be Concerned About Zastal SA.'s (WSE:ZST) Investors?

Today, I will be analyzing Zastal SA.’s (WSE:ZST) recent ownership structure, an important but not-so-popular subject among individual investors. … Check out our latest analysis for Zastal WSE:ZST Ownership_summary May 25th 18 Institutional Ownership Institutional investors are one of the largest group of market participants and their buy-sell decisions on a company's stock can significantly impact prices, more so, when there are relatively small amounts of shares available on the market to trade. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: With a low level of institutional ownership, investors in ZST need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

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Does Zastal SA.'s (WSE:ZST) -18.38% Earnings Drop Reflect A Longer Term Trend?

For investors with a long-term horizon, examining earnings trend over time and against industry peers is more insightful than looking at an earnings announcement in one point in time. … I prefer to use the ‘latest twelve-month’ data, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … This shows that whatever recent the industry is facing, it’s hitting Zastal harder than its peers.What does this mean?

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Are Zastal SA.'s (WSE:ZST) Interest Costs Too High?

How does ZST’s operating cash flow stack up against its debt? … Additionally, ZST has produced cash from operations of ZŁ7.07M in the last twelve months, leading to an operating cash to total debt ratio of 62.83%, meaning that ZST’s current level of operating cash is high enough to cover debt. … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: Although ZST’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet obligations which means its debt is being efficiently utilised.

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Company Info

Description

Zastal S.A. produces rolling stock and steel structures. The company was founded in 1945 and is based in Zielona Góra, Poland. Zastal S.A. is a subsidiary of Omegia S.A.

Details
Name: Zastal S.A.
ZST
Exchange: WSE
Founded: 1945
PLN4,017,421
2,732,940
Website: http://www.zastal.pl
Address: Zastal S.A.
ul. Sulechowska 4a,
Zielona Góra,
65-119,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE ZST Common Bearer Shares Warsaw Stock Exchange PL PLN 27. Aug 2007
LSE 0LZZ Common Bearer Shares London Stock Exchange GB PLN 27. Aug 2007
Number of employees
Current staff
Staff numbers
0
Zastal employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 21:09
End of day share price update: 2020/04/06 00:00
Last earnings filing: 2019/11/29
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.