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 4,201 - -
Change - -14.24% 19.65% -4.82% 60.69% 54% - -
Enterprise Value (EV) 1 1,368 1,491 1,563 1,329 2,344 3,648 3,705 3,684
Change - 9.01% 4.82% -14.93% 76.31% 55.66% 1.56% -0.58%
P/E 10.8x 10.3x 11.4x 11.4x 14x 17.6x 17.2x 17x
PBR 1.8x - 1.72x 1.59x - 3.51x 3.31x 3.14x
PEG - -1x 1.46x -2.36x 0.4x 0.8x 7.99x 19.06x
Capitalization / Revenue 4.27x 3.83x 4.01x 3.65x 4.94x 6.56x 6.43x 6.31x
EV / Revenue 3.36x 3.83x 3.51x 2.86x 4.25x 5.7x 5.67x 5.53x
EV / EBITDA 6.41x 8.9x 9.75x 10.6x 10.8x 12.7x 12.5x 12.4x
EV / EBIT 7.68x 11.5x 12.2x 14.2x 13x 16x 15.9x 16x
EV / FCF 141x - 21.4x 14.6x 18.5x 15.1x 22.7x 21.8x
FCF Yield 0.71% - 4.67% 6.87% 5.42% 6.63% 4.41% 4.59%
Dividend per Share 2 2.5 - - 3 - 3.65 3.893 4.267
Rate of return 6.04% - - 7.42% - 3.65% 3.89% 4.26%
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 65.00 100.10 100.10 100.10
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.($)
17.56x5.7x12.68x3.65% 1.12B
22.71x13.59x19.1x4.26% 96.29B
28.71x8.07x14.84x0.61% 21.2B
43.53x21.65x31.84x0.83% 15.58B
22.95x8.86x13.36x3.17% 14.04B
21.18x7.7x12.74x3.72% 7.48B
53.45x30.73x41.85x0.98% 7.19B
18.06x-1088.22x-2220.48x - 4.55B
34.12x13.63x36.37x1.4% 3.79B
18.35x11.74x12.64x4.34% 3.07B
Average 28.06x -96.66x -202.51x 2.55% 17.43B
Weighted average by Cap. 26.54x -15.15x -38.35x 3.17%

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