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ZAP.WA$47.60+1.89%
Fair $47.60+0.0%

ZAP.WA

Zaklady Azotowe Pulawy S.A.

Basic Materials / Agricultural InputsWarsaw

$47.60

+0.90 (+1.89%)

Fairly Valued+0.0%Fair Value $47.60Fund rank 37/100 · Data gapFallback financials|
SA 31/D
F-Score: 4/9
Declining RevenueLow Profitability

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 24% · confianza 25%

FCF escenarios

weak_data · normalized FCF $2.0B · quality 72.7/100

Data gap 37/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 73/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

31/100

D

Piotroski

4/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 2unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific commodity mid-cycle model required: targets are disabled until normalized cycle price/cost-curve/reserve data exists. Revenue has declined for 2 consecutive years ROE is -12.4%, below the 5% threshold
Thesis & Journal · ZAP.WALocal privado en este navegador · Zaklady Azotowe Pulawy S.A.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$910M

P/E

N/A

•

EV/EBITDA

15.7x

↑

ROE

-12.4%

↓

Gross Margin

-3.7%

↓

Debt/Equity

0.10

↓
52-Week Range$48
$42$55

TradingView lightweight chart

ZAP.WA price, volumen y niveles de valoración

Último $48.50Periodo -10.4%
Fair value: $47.60

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2021–2024 · 3 años de histórico normalizado

Revenue CAGR

-14.1%

FCF CAGR

+25.9%

FCF margin

64.6%

FCF / Net income

-6.10x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $3.48B · net income $-368.2M · FCF $2.25B

2021-FY → 2024-FY

Gross margin

-3.7%-20.6% pts

Operating margin

-6.1%-13.6% pts

Net margin

-10.6%-14.4% pts

FCF margin

64.6%+44.0% pts
MetricTTM
2024
2023
2022
2021
Income Statement
Revenue$3.48B$3.48B$4.40B$8.90B$5.49B
Net Income$-368.2M$-368.2M$-621.6M$290.5M$209.5M
EBITDA$52.8M$52.8M$-326.4M$548.3M$406.6M
EPS-19.26-19.26-32.5215.2010.96
Gross Margin-3.7%-3.7%-3.1%15.6%17.0%
Operating Margin-6.1%-6.1%-15.2%9.0%7.4%
Net Margin-10.6%-10.6%-14.1%3.3%3.8%
Balance Sheet
Debt/Equity0.100.100.090.080.08
Current Ratio0.570.57———
Cash Flow
Free Cash Flow$2.25B$2.25B$1.98B$1.83B$1.13B
Returns
ROE-12.4%-12.4%-18.6%7.3%5.5%
Valuation
P/E———5.437.39
EV/EBITDA15.6515.65—1.692.07
P/B0.310.310.340.400.41
Growth & Yield
Revenue Growth-20.9%-20.9%-50.6%62.1%—
EPS Growth40.8%40.8%-313.9%38.7%—

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
Reverse DCF requires positive EPS; loss-making or zero-EPS companies cannot produce a clean EPS hurdle.

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total -7.8%

Total return

-7.8%

Start / end P/E

n/dx → n/dx

EPS bridge

-32.52 → -19.26

Residual

-7.8%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-7.8%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.