Company Valuation: Gielda Papierów Wartosciowych w Warszawie S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,738 1,491 1,784 1,698 2,728 4,176 - -
Change - -14.24% 19.65% -4.82% 60.69% 53.08% - -
Enterprise Value (EV) 1 1,368 1,491 1,563 1,329 2,344 3,623 3,680 3,659
Change - 9.01% 4.82% -14.93% 76.31% 54.58% 1.57% -0.59%
P/E 10.8x 10.3x 11.4x 11.4x 14x 17.5x 17.1x 16.9x
PBR 1.8x - 1.72x 1.59x - 3.49x 3.29x 3.12x
PEG - -1x 1.46x -2.36x 0.4x 0.8x 7.94x 18.94x
Capitalization / Revenue 4.27x 3.83x 4.01x 3.65x 4.94x 6.52x 6.39x 6.27x
EV / Revenue 3.36x 3.83x 3.51x 2.86x 4.25x 5.66x 5.63x 5.49x
EV / EBITDA 6.41x 8.9x 9.75x 10.6x 10.8x 12.6x 12.4x 12.3x
EV / EBIT 7.68x 11.5x 12.2x 14.2x 13x 15.9x 15.8x 15.9x
EV / FCF 141x - 21.4x 14.6x 18.5x 15x 22.5x 21.6x
FCF Yield 0.71% - 4.67% 6.87% 5.42% 6.68% 4.44% 4.62%
Dividend per Share 2 2.5 - - 3 - 3.65 3.893 4.267
Rate of return 6.04% - - 7.42% - 3.67% 3.91% 4.29%
EPS 2 3.84 3.45 3.72 3.54 4.65 5.701 5.824 5.876
Distribution rate 65.1% - - 84.7% - 64% 66.8% 72.6%
Net sales 1 407.6 389.3 444.9 464.8 551.9 640.1 653.5 665.9
EBITDA 1 213.4 167.4 160.2 125 216.5 287.7 296.1 296.8
EBIT 1 178.2 130 128 93.5 179.8 228.3 232.6 230.5
Net income 1 161.2 145 156 148.7 195 239.4 244.5 246.5
Net Debt 1 -370.8 - -221.1 -368.3 -384.3 -553 -496 -517.6
Reference price 2 41.42 35.52 42.50 40.45 65.00 99.50 99.50 99.50
Nbr of stocks (in thousands) 41,972 41,972 41,972 41,972 41,972 41,972 - -
Announcement Date 18/3/22 12/4/23 10/4/24 25/3/25 23/3/26 - - -
1PLN in Million2PLN
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.03x13.95x19.62x4.2% 97.64B
29.89x8.3x15.21x0.56% 22.25B
22.84x8.77x13.41x3.35% 14.01B
40.92x19.47x28.84x0.86% 14.08B
22.51x7.7x13.58x3.42% 7.99B
60.35x34.89x47.52x0.87% 8.09B
15.85x-1275.9x-2568.4x - 4.16B
34.53x13.76x36.72x1.38% 3.84B
15.67x12.41x16.27x4.34% 3.07B
Average 29.51x -128.52x -264.14x 2.37% 19.46B
Weighted average by Cap. 26.98x -16.72x -40.82x 3.13%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  5. Valuation Gielda Papierów Wartosciowych w Warszawie S.A.