FRO.WAR Ferro S.A.
- Market cap
- PLN 601M
- P/E
- 8.3x
- P/B
- 1.35x
- ROE
- 15.5%
- Dividend yield
- 11.10%
- Fundamental score
- 3.9/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is FRO.WAR undervalued?
Graham numberFRO.WAR trades 29.5% 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?
Ferro S.A. fundamental analysis
18 of 22 checks passedROE 1/2
Moderate return on equity (15.5%), between 10% and 20%.
ROA 1/1
Return on assets (9.2%) is above the industry median (3.9%).
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 0/1
Last year's EPS growth (-5.2%) is not above the 5-year average (306.0% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (-5.2%) is above the industry median (-88.7%).
Revenue Growth 2/2
Revenue grew 837.8% 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 (18.3%), 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 9.4x against interest expense, well covered.
PE vs Market 1/1
PE (8.3x) is below the market median (11.6x).
PE vs Industry 1/1
PE (8.3x) is below the industry median (11.6x).
PBV 0/1
Price to book (1.3x) is above the industry median (0.9x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 11.2, limit 22.5).
PEG 1/1
PEG on 5-year earnings growth is 0.03, growth is cheap.
Dividend Yield 2/2
Dividend yield (11.1%) is in the top 25% of dividend payers in the market.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 1/1
Dividends paid grew over the past 5 years.
Payout Ratio 0/1
Payout ratio is 97.4%, above 90% of 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
Ferro S.A. stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Ferro S.A.
FERRO S.A. manufactures and sells sanitary and plumbing fixtures in Central and Eastern Europe. It offers mixers, water purification, showers, sinks, bathroom accessories, and sanitary ware, as well as service and other accessories. The company also provides heating solutions, such as underfloor heating system; water systems, measurement, brass, and gas fittings; control valves; expansion vessels; pumps; radiators and accessories; radiator fittings; and central heating and d…
Full company profileFerro 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.
Ferro 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 | 332M | 365M | 406M | 451M | 519K | 831K | 915K | 803M | 783M | 755M | 746M |
| Gross Profit | 104M | 117M | 133M | 152M | 183M | 289M | 314M | 303M | 171M | 293M | 174M |
| Operating Income | 41.1M | 47.7M | 53.6M | 60.6M | 75.8K | 107K | 106K | 100M | 106M | 83.7M | 96.6M |
| EBITDA | 45.6M | 51.0M | 56.6M | 63.7M | 86.7M | 126M | 108M | 117M | 115M | 112M | 116M |
| Net Income | 29.1M | 11.1M | 37.7M | 40.0M | 62.1K | 110K | 66.5K | 67.0M | 72.2M | 68.5M | 69.3M |
| EPS | 1.37 | 0.52 | 1.78 | 1.88 | 0.00 | 0.01 | 0.00 | 3.16 | 3.40 | 3.22 | 3.26 |
| Balance Sheet | |||||||||||
| Total Assets | 342M | 365M | 391M | 412M | 511K | 711K | 755K | 769M | 755M | 734M | 754M |
| Total Liabilities | 128M | 167M | 158M | 161M | 198M | 311M | 310M | 313M | 302M | 273M | 303M |
| Shareholders' Equity | 214M | 198M | 233M | 250M | 313K | 400K | 445K | 451M | 449M | 457M | 446M |
| Cash & Short-term Investments | 9.38M | 18.9M | 17.6M | 20.5M | 76.9M | 47.2M | 23.7M | 81.6M | 48.4M | 36.3M | 33.4M |
| Total Debt | 78.6M | 66.5M | 109M | 96.3M | 109M | 151M | 205M | 178M | 133M | 152M | 81.5M |
| Cash Flow | |||||||||||
| Operating Cash Flow | 34.2M | 53.2M | -25.1M | 54.6M | 62.8K | 58.5K | -3.71K | 163M | 109M | 57.9M | 147M |
| Capital Expenditure | 3.24M | 4.38M | 7.24M | 4.63M | 4.65K | 13.3K | 25.2K | 11.5M | 8.62M | 15.0M | 6.37M |
| Free Cash Flow | 30.9M | 48.9M | -32.3M | 49.9M | 58.1M | 45.2M | -29.0M | 152M | 93.5M | 42.9M | 141M |
| Ratios | |||||||||||
| ROE | 13.6% | 5.6% | 16.2% | 16.0% | 19.8% | 27.4% | 14.9% | 14.9% | 16.1% | 15.0% | 15.5% |
| ROA | 8.5% | 3.0% | 9.6% | 9.7% | 12.1% | 15.4% | 8.8% | 8.7% | 9.6% | 9.3% | 9.2% |
| Net Profit Margin | 8.7% | 3.0% | 9.3% | 8.9% | 12.0% | 13.2% | 7.3% | 8.3% | 9.2% | 9.1% | 9.3% |
| Debt to Equity | 0.37x | 0.34x | 0.47x | 0.38x | 347.07x | 376.77x | 461.03x | 0.39x | 0.30x | 0.33x | 0.18x |
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.
Ferro S.A. dividends
- Dividend yield
- 11.10%
- Forward dividend
- 2.36 PLN
- Payout ratio
- 97.4%
- Ex-dividend date
- Sep 10, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | PLN 66.7M | 3.14 | 97.4% |
| 2024 | PLN 67.1M | 3.16 | 92.9% |
| 2023 | PLN 31.9M | 1.50 | 47.5% |
| 2022 | PLN 32.1M | 1.51 | 48,241.1% |
| 2021 | PLN 46.7M | 2.20 | 42,652.6% |
| 2020 | PLN 8.50M | 0.40 | 13,687.2% |
| 2019 | PLN 23.8M | 1.12 | 59.5% |
| 2018 | PLN 7.43M | 0.35 | 19.7% |
| 2017 | PLN 25.5M | 1.20 | 230.4% |
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 Ferro S.A.
- Insiders 0.00%
- Institutions 69.98%
- Public & others 30.02%
- Shares outstanding 21.2M
- Free float 21.2M
Ferro S.A. company profile
- Company name
- Ferro S.A.
- Ticker
- FRO.WAR
- ISIN
- PLFERRO00016
- Exchange
- Warsaw Stock Exchange
- Sector
- Industrials
- Industry
- Building Products
- Employees
- 821
- Fiscal year end
- December
- Address
- ul. Przemyslowa 7, Skawina, Poland, 32-050
- Phone
- 48 12 256 2100
- Website
- ferrocompany.com
About Ferro S.A.
FERRO S.A. manufactures and sells sanitary and plumbing fixtures in Central and Eastern Europe. It offers mixers, water purification, showers, sinks, bathroom accessories, and sanitary ware, as well as service and other accessories. The company also provides heating solutions, such as underfloor heating system; water systems, measurement, brass, and gas fittings; control valves; expansion vessels; pumps; radiators and accessories; radiator fittings; and central heating and domestic hot water installation kits. It offers its products under the FERRO, Metalia, and Titania brand names. The company was incorporated in 2007 and is headquartered in Skawina, Poland.
Ferro S.A. management
4- Mr. Wojciech GatkiewiczPresident of the Management Board, General Director & CEO
- Ms. Olga PanekVP of the Management Board, CFO & Administrative Director
- Mr. Dan IonutasGroup CCO & VP of Management Board
- Mr. Piotr OstaszewskiVP of the Management Board & Group COO