FEE.WAR Feerum S.A.
- Market cap
- PLN 144M
- P/E
- 9.5x
- P/B
- 1.15x
- ROE
- 9.2%
- Dividend yield
- 3.27%
- Fundamental score
- 2.7/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is FEE.WAR undervalued?
Graham numberFEE.WAR trades 30.4% 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?
Feerum S.A. fundamental analysis
13 of 22 checks passedROE 0/2
Low return on equity (9.2%), below 10%.
ROA 1/1
Return on assets (6.0%) is above the industry median (2.2%).
Profit Consistency 0/2
Not profitable for at least 3 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 0/1
Not enough positive earnings history to compare last year's growth with the 5-year average.
Earnings Growth vs Industry 1/1
Last year's EPS growth (677.2%) is above the industry median (37.1%).
Revenue Growth 2/2
Revenue grew 18.2% 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 (0.1%), 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 35.0x against interest expense, well covered.
PE vs Market 1/1
PE (9.5x) is below the market median (11.6x).
PE vs Industry 1/1
PE (9.5x) is below the industry median (10.2x).
PBV 0/1
Price to book (1.2x) is above the industry median (1.1x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 10.9, limit 22.5).
PEG 0/1
PEG needs positive PE and positive 5-year earnings growth.
Dividend Yield 0/2
No dividend paid in the last reported year.
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 0/1
No dividend, or no profit to pay it from.
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
Feerum S.A. stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Feerum S.A.
Feerum S.A. engages in the production, sale, and assembly of grain dryers, silos, and other equipment for agricultural production storage and drying complexes. It offers general contracting, professional support, and consulting services; flat-bottomed, hopper-bottomed, hopper-bottomed with internal basket and open funnel, forwarding, square, non-standard, with assimmetric cone, with sided discharge, with flat metal sheet lining, and grain cooler silos; and continuous flow, S…
Full company profileFeerum 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.
Feerum 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 | 40.3M | 95.1M | 127M | 241M | 118M | 132M | 76.0M | 63.3M | 75.5M | 125M | 190M |
| Gross Profit | 2.77M | 15.8M | 17.8M | 37.8M | 13.0M | 15.6M | 17.6M | 11.1M | 6.79M | 25.9M | 23.8M |
| Operating Income | -5.15M | 6.46M | 6.41M | 21.3M | -6.21M | 5.56M | 8.46M | 2.92M | -1.41M | 15.6M | 13.4M |
| EBITDA | 5.06M | 14.8M | 19.5M | 32.4M | 4.61M | 13.3M | 16.4M | 10.1M | 4.76M | 20.6M | 16.6M |
| Net Income | -4.63M | 4.47M | 7.49M | 19.8M | -7.45M | 4.60M | 4.74M | -707K | -2.12M | 12.2M | 11.6M |
| EPS | -0.49 | 0.47 | 0.79 | 2.08 | -0.78 | 0.48 | 0.50 | -0.07 | -0.22 | 1.28 | 1.22 |
| Balance Sheet | |||||||||||
| Total Assets | 159M | 194M | 221M | 249M | 203M | 189M | 178M | 152M | 143M | 178M | 194M |
| Total Liabilities | 60.5M | 90.5M | 110M | 120M | 95.7M | 77.6M | 62.0M | 36.7M | 29.2M | 49.9M | 67.6M |
| Shareholders' Equity | 98.9M | 103M | 111M | 129M | 107M | 112M | 116M | 116M | 113M | 126M | 127M |
| Cash & Short-term Investments | 806K | 1.26M | 1.70M | 8.24M | 43.0M | 25.9M | 13.0M | 2.02M | 3.94M | 21.8M | 24.5M |
| Total Debt | 30.8M | 58.1M | 54.9M | 54.8M | 53.1M | 47.0M | 35.1M | 18.0M | 6.44M | 124K | 110K |
| Cash Flow | |||||||||||
| Operating Cash Flow | -3.85M | -17.6M | 9.06M | 19.7M | 39.1M | -8.84M | 2.03M | 10.3M | 15.3M | 28.3M | 5.72M |
| Capital Expenditure | 1.88M | 11.2M | 3.33M | 5.17M | 2.31M | 531K | 162K | 910K | 220K | 3.69M | 392K |
| Free Cash Flow | -5.73M | -28.8M | 5.73M | 14.5M | 31.0M | -9.38M | 1.84M | 9.43M | 15.1M | 24.6M | 5.32M |
| Ratios | |||||||||||
| ROE | -4.7% | 4.3% | 6.8% | 15.3% | -7.0% | 4.1% | 4.1% | -0.6% | -1.9% | 9.7% | 9.2% |
| ROA | -2.9% | 2.3% | 3.4% | 7.9% | -3.7% | 2.4% | 2.7% | -0.5% | -1.5% | 6.9% | 6.0% |
| Net Profit Margin | -11.5% | 4.7% | 5.9% | 8.2% | -6.3% | 3.5% | 6.2% | -1.1% | -2.8% | 9.8% | 6.1% |
| Debt to Equity | 0.31x | 0.56x | 0.49x | 0.42x | 0.50x | 0.42x | 0.30x | 0.16x | 0.06x | 0.00x | 0.00x |
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.
Feerum S.A. dividends
- Dividend yield
- 3.27%
- Forward dividend
- 0.50 PLN
- Payout ratio
- -
- Ex-dividend date
- Jul 14, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | - | - | - |
| 2024 | - | - | - |
| 2023 | - | - | - |
| 2022 | - | - | - |
| 2021 | - | - | - |
| 2020 | PLN 4.77M | 0.50 | - |
| 2019 | PLN 4.77M | 0.50 | 24.1% |
| 2018 | PLN 4.77M | 0.50 | 63.7% |
| 2017 | PLN 4.77M | 0.50 | 106.7% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Who owns Feerum S.A.
- Insiders 68.21%
- Institutions 23.56%
- Public & others 8.23%
- Shares outstanding 9.54M
- Free float 3.03M
Feerum S.A. company profile
- Company name
- Feerum S.A.
- Ticker
- FEE.WAR
- ISIN
- PLFEERM00018
- Exchange
- Warsaw Stock Exchange
- Sector
- Industrials
- Industry
- Machinery
- Employees
- 132
- Fiscal year end
- December
- Address
- ul. Okrzei 6, Chojnów, Poland, 59-225
- Phone
- 48 76 819 6738
- Website
- feerum.pl
About Feerum S.A.
Feerum S.A. engages in the production, sale, and assembly of grain dryers, silos, and other equipment for agricultural production storage and drying complexes. It offers general contracting, professional support, and consulting services; flat-bottomed, hopper-bottomed, hopper-bottomed with internal basket and open funnel, forwarding, square, non-standard, with assimmetric cone, with sided discharge, with flat metal sheet lining, and grain cooler silos; and continuous flow, SG, FTD, and batch flow dryers. The company also provides air separators; cleaners, including control panel with inverter, aspiration of the sieve drum, cyclone, fan, and air channels; automatics; bucket elevators, straight chain conveyors, belt conveyors, screw conveyors, silo screw auger, supporting structure, as well as arched, diagonal, z-type chain conveyors; and sheds, and halls and warehouses. In addition, it offers electric, pneumatic, and manual distributors; pipes, elbows, reductions, symmetrical, and asymmetrical three-way distribution valves and cross-pieces; swivel rings; vertical and angled brakes; electric, pneumatic, and manual bars; rotary valve separators; percentage selectors; and performance regulators. The company offers its products for grain drying, vertical and horizontal transport, cooling systems, automatic control of the process of reception, and drying and storing grain. It operates in Poland, Ukraine, Tanzania, Lithuania, Romania, Hungary, and internationally. The company was founded in 2002 and is headquartered in Chojnów, Poland. Feerum S.A. operates as a subsidiary of Danmag Sp. z o.o.
Feerum S.A. management
2- Mr. Daniel Wojciech JanuszChairman of the Management Board
- Mr. Jakub RzucidloMember & Secretary of the Supervisory Board