APT.WAR Apator S.A.
- Market cap
- PLN 740M
- P/E
- 8.2x
- P/B
- 1.13x
- ROE
- 12.3%
- Dividend yield
- 2.36%
- Fundamental score
- 3.6/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is APT.WAR undervalued?
Graham numberAPT.WAR trades 35.8% below its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Apator S.A. fundamental analysis
18 of 22 checks passedROE 1/2
Moderate return on equity (12.3%), between 10% and 20%.
ROA 1/1
Return on assets (7.4%) is above the industry median (2.6%).
Profit Consistency 2/2
Profitable for 10 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 1/1
Last year's EPS growth (8.3%) is above the 5-year average (5.7% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (8.3%) is above the industry median (4.4%).
Revenue Growth 1/2
Revenue grew 3.6% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 1/1
Current assets cover long-term liabilities.
Debt to Equity 2/2
Low debt to equity (20.0%), 40% or less.
Debt Trend 1/1
Debt to equity has not risen over the past 5 years.
Debt Coverage 1/1
Operating cash flow covers 20% of total debt.
Interest Coverage 1/1
EBIT is 18.1x against interest expense, well covered.
PE vs Market 1/1
PE (8.2x) is below the market median (11.6x).
PE vs Industry 1/1
PE (8.2x) is below the industry median (20.7x).
PBV 0/1
Price to book (1.1x) is above the industry median (1.1x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 9.3, limit 22.5).
PEG 0/1
PEG on 5-year earnings growth is 1.44, above 1.
Dividend Yield 1/2
Dividend yield (2.4%) is above the bottom 25% of dividend payers in the market.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 0/1
Dividends paid did not grow over the past 5 years.
Payout Ratio 1/1
Payout ratio is 22.0%, covered by earnings.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
Apator S.A. stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Apator S.A.
Apator S.A. manufactures and sells measuring devices and systems in Poland and internationally. Its products include electricity meters, such as smart, electronic, RES, systems, and induction meters, as well as automation systems; ICT products, including electricity production and distribution management, data acquisition services, and distributed asset and resource management; new systems, such as 4GRID engines and lighting infrastructure management; and water meters, heat …
Full company profileApator S.A. financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 2 quarters up to Jun 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Apator S.A. annual financial statements (PLN; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 869M | 883M | 828M | 878M | 935M | 940M | 1.08B | 1.14B | 1.23B | 1.20B | 1.38B |
| Gross Profit | 220M | 234M | 259M | 238M | 239M | 214M | 224M | 256M | 316M | 305M | 369M |
| Operating Income | 73.8M | 62.7M | 91.1M | 76.4M | 78.6M | 94.8M | 31.3M | 40.2M | 85.1M | 88.3M | 115M |
| EBITDA | 101M | 102M | 137M | 129M | 137M | 135M | 89.2M | 102M | 146M | 144M | 190M |
| Net Income | 59.3M | 42.6M | 67.8M | 53.4M | 60.2M | 62.2M | 7.21M | 8.14M | 73.1M | 79.1M | 81.1M |
| EPS | 2.01 | 1.44 | 2.30 | 1.83 | 2.06 | 2.13 | 0.25 | 0.28 | 2.52 | 2.72 | 2.80 |
| Balance Sheet | |||||||||||
| Total Assets | 847M | 839M | 839M | 888M | 875M | 999M | 1.04B | 975M | 965M | 1.04B | 1.10B |
| Total Liabilities | 398M | 384M | 362M | 395M | 358M | 448M | 503M | 436M | 374M | 389M | 441M |
| Shareholders' Equity | 443M | 451M | 471M | 486M | 510M | 547M | 537M | 537M | 588M | 649M | 657M |
| Cash & Short-term Investments | 22.3M | 41.9M | 29.3M | 40.0M | 29.3M | 37.1M | 29.0M | 22.9M | 18.9M | 21.1M | 75.8M |
| Total Debt | 204M | 177M | 173M | 185M | 162M | 240M | 283M | 241M | 160M | 138M | 131M |
| Cash Flow | |||||||||||
| Operating Cash Flow | 62.3M | 151M | 89.8M | 121M | 125M | 31.6M | 52.2M | 108M | 155M | 129M | 224M |
| Capital Expenditure | 39.9M | 53.7M | 43.1M | 59.4M | 73.2M | 69.0M | 38.9M | 18.5M | 43.7M | 57.9M | 45.7M |
| Free Cash Flow | 22.4M | 97.1M | 46.7M | 61.9M | 51.8M | -60.4M | -10.9M | 71.6M | 96.3M | 54.5M | 178M |
| Ratios | |||||||||||
| ROE | 13.4% | 9.4% | 14.4% | 11.0% | 11.8% | 11.4% | 1.3% | 1.5% | 12.4% | 12.2% | 12.3% |
| ROA | 7.0% | 5.1% | 8.1% | 6.0% | 6.9% | 6.2% | 0.7% | 0.8% | 7.6% | 7.6% | 7.4% |
| Net Profit Margin | 6.8% | 4.8% | 8.2% | 6.1% | 6.4% | 6.6% | 0.7% | 0.7% | 6.0% | 6.6% | 5.9% |
| Debt to Equity | 0.46x | 0.39x | 0.37x | 0.38x | 0.32x | 0.44x | 0.53x | 0.45x | 0.27x | 0.21x | 0.20x |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Apator S.A. dividends
- Dividend yield
- 2.36%
- Forward dividend
- 1.20 PLN
- Payout ratio
- 22.0%
- Ex-dividend date
- Jul 6, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | PLN 17.4M | 0.60 | 22.0% |
| 2024 | PLN 17.4M | 0.60 | 23.9% |
| 2023 | PLN 14.6M | 0.50 | 179.6% |
| 2022 | PLN 14.7M | 0.51 | 204.4% |
| 2021 | PLN 22.3M | 0.77 | 35.9% |
| 2020 | PLN 33.0M | 1.13 | 54.9% |
| 2019 | PLN 40.0M | 1.37 | 74.8% |
| 2018 | PLN 37.0M | 1.26 | 54.6% |
| 2017 | PLN 33.0M | 1.12 | 77.6% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 965988:87817 on Aug 21, 2006.
Who owns Apator S.A.
- Insiders 36.06%
- Institutions 16.43%
- Public & others 47.51%
- Shares outstanding 29.0M
- Free float 15.1M
Apator S.A. company profile
- Company name
- Apator S.A.
- Ticker
- APT.WAR
- ISIN
- PLAPATR00018
- Exchange
- Warsaw Stock Exchange
- Sector
- Industrials
- Industry
- Electrical Equipment
- Employees
- 2,416
- Fiscal year end
- December
- Address
- Ostaszewo 57C, Torun, Poland, 87-148
- Phone
- 48 56 619 1111
- Website
- apator.com
About Apator S.A.
Apator S.A. manufactures and sells measuring devices and systems in Poland and internationally. Its products include electricity meters, such as smart, electronic, RES, systems, and induction meters, as well as automation systems; ICT products, including electricity production and distribution management, data acquisition services, and distributed asset and resource management; new systems, such as 4GRID engines and lighting infrastructure management; and water meters, heat meters and flow sensors, heating cost allocators, remote utility reading systems, installation fittings, archives, and other products. The company also gas meters; and switchgear systems, such as switch disconnectors, fuse rails, surge arresters, complementary equipment, and 4G cam switches, as well as robotic product palletising systems, electronics testers, and robotic stacker and destackers. The company was incorporated in 2001 and is based in Torun, Poland.
Apator S.A. management
3- Mr. Maciej WyczesanyPresident of the Management Board & General Director
- Mr. Lukasz ZaworskiMember of the Management Board & Chief Product Officer
- Ms. Malgorzata MazurekChief Accountant & Proxy