Risks To Shareholder Returns Are Elevated At These Prices For Grupa Azoty S.A. (WSE:ATT)
May 24
Polish (WIG) Chemicals Industry Analysis
UpdatedMay 29, 2024
DataAggregated Company Financials
Companies15
- 7D-2.3%
- 3M-0.2%
- 1Y-4.7%
- YTD-4.7%
Over the last 7 days, the Chemicals industry has dropped 2.8%, driven by PCC Rokita declining 8.4%. Overall the industry is down 5.7% in 12 months. Earnings are forecast to grow by 45% annually.
Industry Valuation and Performance
Has the Polish Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 29 May 2024 | zł9.5b | zł27.3b | -zł4,215,911,582.00 | 14.9x | -2.3x | 0.3x |
| Fri, 26 Apr 2024 | zł9.5b | zł30.3b | -zł3,870,674,313.00 | 11.1x | -2.5x | 0.3x |
| Sun, 24 Mar 2024 | zł9.7b | zł31.3b | -zł3,802,354,313.00 | 9.2x | -2.5x | 0.3x |
| Tue, 20 Feb 2024 | zł9.7b | zł31.7b | -zł3,597,469,313.00 | 9.3x | -2.7x | 0.3x |
| Thu, 18 Jan 2024 | zł12.4b | zł37.3b | -zł3,239,350,060.00 | 10.6x | -3.8x | 0.3x |
| Sat, 16 Dec 2023 | zł12.7b | zł37.3b | -zł3,238,160,587.00 | 10.2x | -3.9x | 0.3x |
| Mon, 13 Nov 2023 | zł12.1b | zł38.6b | -zł2,973,395,967.00 | 8.8x | -4.1x | 0.3x |
| Wed, 11 Oct 2023 | zł12.7b | zł43.0b | -zł2,287,082,967.00 | 7.7x | -5.5x | 0.3x |
| Fri, 08 Sep 2023 | zł11.8b | zł47.9b | -zł75,905,551.00 | 12.6x | -155.4x | 0.2x |
| Sun, 06 Aug 2023 | zł12.9b | zł48.2b | zł60.7m | 12.2x | 211.9x | 0.3x |
| Tue, 04 Jul 2023 | zł13.2b | zł48.2b | zł60.7m | 9.8x | 217.8x | 0.3x |
| Thu, 01 Jun 2023 | zł12.3b | zł48.1b | zł37.0m | 10.1x | 333.5x | 0.3x |
| Sat, 29 Apr 2023 | zł14.2b | zł52.2b | zł2.3b | 6.4x | 6.2x | 0.3x |
| Mon, 27 Mar 2023 | zł14.3b | zł52.0b | zł4.3b | 6.5x | 3.3x | 0.3x |
| Wed, 22 Feb 2023 | zł15.0b | zł51.7b | zł4.2b | 7.2x | 3.6x | 0.3x |
| Fri, 20 Jan 2023 | zł14.9b | zł51.7b | zł4.2b | 7.2x | 3.5x | 0.3x |
| Sun, 18 Dec 2022 | zł12.8b | zł51.7b | zł4.2b | 6x | 3x | 0.2x |
| Tue, 15 Nov 2022 | zł12.2b | zł49.9b | zł4.1b | 7x | 2.9x | 0.2x |
| Thu, 13 Oct 2022 | zł11.1b | zł46.7b | zł4.2b | 5.8x | 2.7x | 0.2x |
| Sat, 10 Sep 2022 | zł12.2b | zł41.3b | zł3.1b | 7.4x | 3.9x | 0.3x |
| Mon, 08 Aug 2022 | zł13.5b | zł40.4b | zł3.0b | 9x | 4.5x | 0.3x |
| Wed, 06 Jul 2022 | zł12.6b | zł40.4b | zł3.0b | 8.3x | 4.2x | 0.3x |
| Fri, 03 Jun 2022 | zł14.4b | zł37.5b | zł2.5b | 10.4x | 5.8x | 0.4x |
| Sun, 01 May 2022 | zł13.1b | zł29.8b | zł1.4b | 10.9x | 9.4x | 0.4x |
| Tue, 29 Mar 2022 | zł14.1b | zł28.1b | zł1.4b | 11.8x | 9.9x | 0.5x |
| Thu, 24 Feb 2022 | zł12.3b | zł27.9b | zł1.3b | 10.1x | 9.5x | 0.4x |
| Sat, 22 Jan 2022 | zł12.9b | zł27.9b | zł1.3b | 11.6x | 9.9x | 0.5x |
| Mon, 20 Dec 2021 | zł13.1b | zł27.9b | zł1.3b | 11.8x | 10.1x | 0.5x |
| Wed, 17 Nov 2021 | zł12.6b | zł27.8b | zł1.3b | 12.8x | 9.6x | 0.5x |
| Fri, 15 Oct 2021 | zł13.0b | zł26.7b | zł1.3b | 11.8x | 9.9x | 0.5x |
| Sun, 12 Sep 2021 | zł13.3b | zł26.5b | zł1.3b | 13.1x | 10.3x | 0.5x |
| Tue, 10 Aug 2021 | zł13.1b | zł26.5b | zł1.3b | 12.7x | 10x | 0.5x |
Price to Earnings Ratio
12.1x
Current Industry PE
- Investors are relatively neutral on the Polish Chemicals industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 0.36x.
Past Earnings Growth
- Total earnings for the Chemicals industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 3.3% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Polish Materials industry?
| PL Market | -1.76% | |
| Materials | -5.40% | |
| Chemicals | -2.31% | |
| Diversified Chemicals | 2.63% | |
| Industrial Gases | 0% | |
| Fertilizers and Agricultural Chemicals | -0.92% | |
| Commodity Chemicals | -2.76% | |
| Specialty Chemicals | -7.14% | |
Industry PE
- Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 5.4x.
- Analysts are expecting annual earnings growth of 11.0%, which is higher than its past year's earnings decline of 18.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Fertilizers and Agricultural Chemicals industry, expecting annual earnings growth of 72% over the next 5 years.
- In contrast, the Specialty Chemicals industry is expected to see its earnings grow by 11% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PCE Grupa Azoty Zaklady Chemiczne Police | zł11.70 | 2.6% +zł37.3m | 1.7% | PS0.5x | |
| PWX Polwax | zł1.70 | 13.0% +zł6.0m | -42.0% | PS0.2x | |
| HUB Hub.Tech | zł0.37 | 1.6% +zł2.8m | 14.9% | PE7.8x | |
| IZB IZOBLOK | zł54.50 | 2.8% +zł1.9m | 39.7% | PE5x | |
| SNW Sanwil Holding Spólka Akcyjna | zł1.79 | 4.7% +zł1.3m | 11.9% | n/a |