KRUK SPÓLKA AKCYJNA |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 440.8 PLN | +2.37% |
|
+2.08% | -7.59% |
| Mar. 27 | KRUK Spólka Akcyjna Recommends Dividend for the Year 2023 | CI |
| Mar. 27 | Kruk S.A. Proposes Dividend | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,178 | 2,694 | 6,217 | 5,989 | 9,215 | 8,516 | - | - |
| Enterprise Value (EV) 1 | 5,733 | 4,771 | 8,887 | 9,742 | 14,390 | 13,936 | 14,528 | 14,992 |
| P/E ratio | 11.7 x | 33.6 x | 9.13 x | 7.61 x | 9.58 x | 7.73 x | 7.13 x | - |
| Yield | 2.99% | - | 3.98% | 4.19% | - | 3.69% | 4.33% | 0.96% |
| Capitalization / Revenue | 2.54 x | 2.37 x | 3.58 x | 2.8 x | 3.58 x | 2.91 x | 2.64 x | 2.95 x |
| EV / Revenue | 4.58 x | 4.19 x | 5.11 x | 4.55 x | 5.6 x | 4.76 x | 4.51 x | 5.19 x |
| EV / EBITDA | 11.8 x | 12.6 x | 9.79 x | 8.9 x | 10.4 x | 9.16 x | 8.58 x | 7.87 x |
| EV / FCF | 35.7 x | 6.57 x | -29.2 x | -16.2 x | -17.4 x | -27 x | -79 x | -495 x |
| FCF Yield | 2.8% | 15.2% | -3.43% | -6.18% | -5.75% | -3.71% | -1.27% | -0.2% |
| Price to Book | 1.65 x | - | 2.39 x | 1.84 x | 2.39 x | 1.86 x | 1.6 x | - |
| Nbr of stocks (in thousands) | 18,972 | 18,972 | 19,013 | 19,319 | 19,319 | 19,319 | - | - |
| Reference price 2 | 167.5 | 142.0 | 327.0 | 310.0 | 477.0 | 440.8 | 440.8 | 440.8 |
| Announcement Date | 3/5/20 | 3/25/21 | 3/15/22 | 3/9/23 | 2/27/24 | - | - | - |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,251 | 1,138 | 1,738 | 2,139 | 2,571 | 2,928 | 3,220 | 2,886 |
| EBITDA 1 | 484.4 | 378.8 | 908 | 1,094 | 1,385 | 1,521 | 1,693 | 1,906 |
| EBIT 1 | 440.3 | 332.3 | 859.6 | 1,043 | 1,327 | 1,463 | 1,619 | 1,807 |
| Operating Margin | 35.2% | 29.2% | 49.46% | 48.75% | 51.62% | 49.98% | 50.27% | 62.62% |
| Earnings before Tax (EBT) 1 | 314.2 | 204.4 | 774 | 863.7 | 1,037 | 1,176 | 1,335 | 1,632 |
| Net income 1 | 276.4 | 81.36 | 694.8 | 805 | 1,013 | 1,020 | 1,142 | 1,452 |
| Net margin | 22.09% | 7.15% | 39.98% | 37.63% | 39.39% | 34.86% | 35.46% | 50.3% |
| EPS 2 | 14.30 | 4.220 | 35.80 | 40.71 | 49.77 | 56.99 | 61.85 | - |
| Free Cash Flow 1 | 160.6 | 726.5 | -304.9 | -602 | -827.9 | -517 | -184 | -30.3 |
| FCF margin | 12.84% | 63.84% | -17.54% | -28.14% | -32.2% | -17.66% | -5.71% | -1.05% |
| FCF Conversion (EBITDA) | 33.16% | 191.8% | - | - | - | - | - | - |
| FCF Conversion (Net income) | 58.11% | 893.04% | - | - | - | - | - | - |
| Dividend per Share 2 | 5.000 | - | 13.00 | 13.00 | - | 16.27 | 19.09 | 4.211 |
| Announcement Date | 3/5/20 | 3/25/21 | 3/15/22 | 3/9/23 | 2/27/24 | - | - | - |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 444.8 | 398.7 | - | 557.1 | 1,102 | 509.1 | 532.2 | 614.8 | 684 | 622.9 | 667.3 | 721.6 |
| EBITDA 1 | - | 234.8 | 163.6 | - | 461 | 908.2 | 451.8 | 219.2 | 343.5 | 545.4 | 335.3 | 314.1 | 402.2 |
| EBIT 1 | - | 223.3 | 152.3 | - | 292.7 | 598.4 | 239.6 | 204.8 | 329.4 | 378.3 | 320.7 | 298.7 | 387 |
| Operating Margin | - | 50.2% | 38.19% | - | 52.54% | 54.3% | 47.07% | 38.49% | 53.58% | 55.31% | 51.49% | 44.77% | 53.63% |
| Earnings before Tax (EBT) 1 | - | 193 | 123.5 | - | 254.2 | - | 191.1 | 153 | - | 316.6 | 247.7 | 204.7 | 308.3 |
| Net income 1 | -19.29 | 169.7 | 129.3 | 243.9 | 245.1 | 489 | 188 | 128.1 | 234.4 | 293.6 | 228.8 | 255.4 | 264.4 |
| Net margin | - | 38.15% | 32.43% | - | 44% | 44.38% | 36.93% | 24.08% | 38.13% | 42.93% | 36.73% | 38.28% | 36.64% |
| EPS | - | - | - | 12.40 | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/27/20 | 11/3/21 | 3/15/22 | 4/28/22 | 8/24/22 | 8/24/22 | 11/8/22 | 3/9/23 | 4/26/23 | 8/10/23 | 11/9/23 | 2/27/24 | - |
1PLN in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,555 | 2,077 | 2,670 | 3,753 | 5,175 | 5,420 | 6,013 | 6,476 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.276 x | 5.482 x | 2.94 x | 3.431 x | 3.735 x | 3.564 x | 3.552 x | 3.398 x |
| Free Cash Flow 1 | 161 | 727 | -305 | -602 | -828 | -517 | -184 | -30.3 |
| ROE (net income / shareholders' equity) | 15% | 4.07% | 29.9% | 27.5% | 28.6% | 23.8% | 22.6% | 24.3% |
| ROA (Net income/ Total Assets) | 5.93% | - | 13.2% | 11.8% | 11.5% | 10.8% | 9.3% | - |
| Assets 1 | 4,661 | - | 5,276 | 6,795 | 8,805 | 9,449 | 12,274 | - |
| Book Value Per Share 2 | 101.0 | - | 137.0 | 168.0 | 200.0 | 237.0 | 276.0 | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 48 | 17 | 16.1 | 34.3 | 42.6 | 57.6 | 58.1 | 58.6 |
| Capex / Sales | 3.84% | 1.49% | 0.92% | 1.6% | 1.66% | 1.97% | 1.8% | 2.03% |
| Announcement Date | 3/5/20 | 3/25/21 | 3/15/22 | 3/9/23 | 2/27/24 | - | - | - |
1PLN in Million2PLN
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
440.8
PLN
Average target price
510.3
PLN
Spread / Average Target
+15.78%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -7.59% | 2.1B | |
| +6.16% | 16.07B | |
| +6.83% | 9.22B | |
| -12.95% | 8.32B | |
| -0.97% | 6.07B | |
| +66.00% | 5.5B | |
| -0.76% | 4.89B | |
| +62.35% | 4.45B | |
| -6.25% | 4.08B | |
| -6.68% | 3.16B |
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- Financials KRUK Spólka Akcyjna
