Stalprofil SA

Stalprofil's capital structure is characterized by a debt-to-equity ratio of 0.35, indicating a relatively conservative leverage position compared to industry norms. The company maintains a current ratio of 1.74, suggesting it has sufficient short-term assets to cover its liabilities. However, its operating cash flow is negative at -26.94 million PLN, which raises concerns about its ability to fund operations without external financing.

Profitability metrics reveal a weak performance, with a return on equity (ROE) of 1.03% and a return on assets (ROA) of 0.48%. These figures are below the industry median for both metrics, indicating that Stalprofil is underperforming in terms of capital efficiency and asset utilization. The company's net income of 5.14 million PLN is modest relative to its revenue of 349.27 million PLN, with a net margin of approximately 1.47%.

Geographically, Stalprofil's revenue is concentrated in Poland, as disclosed in its financial reports. The company does not provide detailed segment breakdowns, but its operations are primarily focused on iron and steel mining. This concentration increases exposure to local economic and regulatory conditions.

Looking ahead, Stalprofil's growth trajectory appears constrained. The company's capital expenditures of 3.73 million PLN in the latest period suggest limited investment in expansion or modernization. Analysts have recorded a last actual revenue of 1,454.798 million PLN, but there is no indication of significant revenue growth in the near term. The company's free cash flow of 7.46 million PLN is positive but insufficient to support aggressive growth initiatives.

Risk factors include medium liquidity risk due to negative net cash after subtracting total debt. The company's dilution risk is currently low, but its negative operating cash flow could necessitate future equity or debt financing, which may dilute existing shareholders. The risk assessment also highlights the need for close monitoring of liquidity conditions.

Recent events include the publication of the latest financial results, which show a decline in operating income to 10.14 million PLN. The company has not disclosed any major strategic initiatives or capital projects in recent filings. The absence of significant new developments suggests a stable but stagnant business environment.

Net income surged 133.6% year-over-year, demonstrating significant profitability recovery despite broader revenue declines.

Operating income increased 29.4% year-over-year, indicating improved core operational efficiency and cost management.

The debt-to-equity ratio of 0.35 is below the industry median, suggesting a conservative capital structure.

Dilution risk is assessed as low, providing reassurance to existing shareholders regarding equity value preservation.

Capex relative to revenue is above the 75th percentile, indicating strong investment in future capacity.

The company faces high credit risk, potentially increasing borrowing costs and limiting financial flexibility.

Revenue PLN 556.4M, +56,5% YoY; Operating income −40,7% YoY.

• ▍Revenue PLN 556.4M, +56,5% YoY
• ▍Operating income −40,7% YoY
• ▍Net income −140,1% YoY
• ▍Free cash flow +177,2% YoY
• ▍Net margin -0.2%

Revenue PLN 573.3M, +64,1% YoY; Operating income −16,8% YoY.

• ▍Revenue PLN 573.3M, +64,1% YoY
• ▍Operating income −16,8% YoY
• ▍Net income −75,9% YoY
• ▍Free cash flow −19,9% YoY
• ▍Net margin 0.2%

Revenue PLN 355.6M; Operating income PLN 6.8M.

• ▍Revenue PLN 355.6M
• ▍Operating income PLN 6.8M
• ▍Net margin 0.8%

Revenue PLN 2.20B, +29,1% YoY; Operating income +3,5% YoY.

• ▍Revenue PLN 2.20B, +29,1% YoY
• ▍Operating income +3,5% YoY
• ▍Net income −53,8% YoY
• ▍Free cash flow +475,7% YoY
• ▍Net margin 0.3%

Revenue PLN 1.70B, +11,1% YoY; Operating income −25,3% YoY.

• ▍Revenue PLN 1.70B, +11,1% YoY
• ▍Operating income −25,3% YoY
• ▍Net income −7,4% YoY
• ▍Free cash flow +124,7% YoY
• ▍Net margin 0.8%

Revenue PLN 2.22B, +34,4% YoY; Operating income −26,3% YoY.

• ▍Revenue PLN 2.22B, +34,4% YoY
• ▍Operating income −26,3% YoY
• ▍Net income −32,1% YoY
• ▍Free cash flow −55,0% YoY
• ▍Net margin 3.6%

Revenue PLN 1.65B; Operating income PLN 147.9M.

• ▍Revenue PLN 1.65B
• ▍Operating income PLN 147.9M
• ▍Net margin 7.0%