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 4,191 - -
Change - -14.24% 19.65% -4.82% 60.69% 53.62% - -
Enterprise Value (EV) 1 1,368 1,491 1,563 1,329 2,344 3,638 3,695 3,673
Change - 9.01% 4.82% -14.93% 76.31% 55.21% 1.57% -0.58%
P/E 10.8x 10.3x 11.4x 11.4x 14x 17.5x 17.1x 17x
PBR 1.8x - 1.72x 1.59x - 3.5x 3.3x 3.13x
PEG - -1x 1.46x -2.36x 0.4x 0.8x 7.94x 19.06x
Capitalization / Revenue 4.27x 3.83x 4.01x 3.65x 4.94x 6.55x 6.41x 6.29x
EV / Revenue 3.36x 3.83x 3.51x 2.86x 4.25x 5.68x 5.65x 5.52x
EV / EBITDA 6.41x 8.9x 9.75x 10.6x 10.8x 12.6x 12.5x 12.4x
EV / EBIT 7.68x 11.5x 12.2x 14.2x 13x 15.9x 15.9x 15.9x
EV / FCF 141x - 21.4x 14.6x 18.5x 15x 22.6x 21.7x
FCF Yield 0.71% - 4.67% 6.87% 5.42% 6.65% 4.43% 4.6%
Dividend per Share 2 2.5 - - 3 - 3.65 3.893 4.267
Rate of return 6.04% - - 7.42% - 3.66% 3.9% 4.27%
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 99.85 99.85 99.85
Nbr of stocks (in thousands) 41,972 41,972 41,972 41,972 41,972 41,972 - -
Announcement Date 3/18/22 A 4/12/23 A 4/10/24 A 3/25/25 A 3/23/26 A - - -
1PLN in Million2PLN
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.63x5.73x12.74x3.63% 1.11B
21.65x12.98x18.24x4.4% 91.8B
28.57x7.85x14.44x0.55% 21.26B
42.38x21.05x30.95x0.85% 15.03B
24.96x9.3x14.96x3.28% 13.85B
20.97x7.61x12.6x3.76% 7.37B
54.2x31.18x42.46x0.97% 7.23B
16.42x-1088.99x-2222.04x - 4.14B
34.55x12.85x36.48x1.8% 3.84B
18.35x11.74x12.64x4.34% 3.07B
Average 27.97x -96.87x -202.65x 2.62% 16.87B
Weighted average by Cap. 26.08x -13.82x -35.29x 3.24%

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.