GIELDA PAPIERÓW WARTOSCIOWYCH W WARSZAWIE S.A. Financials Gielda Papierów Wartosciowych w Warszawie S.A.
Equities
GPW
PLGPW0000017
Financial & Commodity Market Operators
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 43.6 PLN | +0.46% |
|
+3.07% | +2.59% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,649 | 1,918 | 1,738 | 1,491 | 1,784 | 1,830 | - | - |
| Enterprise Value (EV) 1 | 1,307 | 1,463 | 1,368 | 1,491 | 1,784 | 1,352 | 1,374 | 1,376 |
| P/E ratio | 13.8 x | 12.7 x | 10.8 x | 10.3 x | 11.4 x | 12.9 x | 12.9 x | 10.1 x |
| Yield | 8.09% | 5.25% | 6.04% | - | - | 6.3% | 6.14% | 7.48% |
| Capitalization / Revenue | 4.91 x | 4.75 x | 4.27 x | 3.83 x | 4.01 x | 4.2 x | 3.78 x | 3.6 x |
| EV / Revenue | 3.89 x | 3.62 x | 3.36 x | 3.83 x | 4.01 x | 3.1 x | 2.84 x | 2.71 x |
| EV / EBITDA | 6.76 x | 6.51 x | 6.41 x | 8.9 x | 11.1 x | 10.7 x | 7.46 x | 7.22 x |
| EV / FCF | 7.5 x | 7.51 x | 141 x | - | - | 26.8 x | 15.9 x | 12.4 x |
| FCF Yield | 13.3% | 13.3% | 0.71% | - | - | 3.73% | 6.28% | 8.04% |
| Price to Book | 1.89 x | 2.08 x | 1.8 x | - | - | 1.69 x | 1.62 x | 1.54 x |
| Nbr of stocks (in thousands) | 41,972 | 41,972 | 41,972 | 41,972 | 41,972 | 41,972 | - | - |
| Reference price 2 | 39.30 | 45.70 | 41.42 | 35.52 | 42.50 | 43.60 | 43.60 | 43.60 |
| Announcement Date | 4/7/20 | 3/11/21 | 3/18/22 | 4/12/23 | 4/10/24 | - | - | - |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 336.1 | 403.8 | 407.6 | 389.3 | 444.9 | 436 | 484.4 | 508.5 |
| EBITDA 1 | 193.2 | 224.6 | 213.4 | 167.4 | 160.2 | 126 | 184.2 | 190.5 |
| EBIT 1 | 156.3 | 188.3 | 178.2 | 130 | 128 | 88 | 129.9 | 134 |
| Operating Margin | 46.51% | 46.64% | 43.72% | 33.4% | 28.76% | 20.18% | 26.81% | 26.35% |
| Earnings before Tax (EBT) 1 | 149.8 | 189.1 | 193.8 | 174.8 | 188.4 | 143 | 180.4 | 180 |
| Net income 1 | 119.3 | 151.4 | 161.2 | 145 | 156 | 119 | 147.7 | 114 |
| Net margin | 35.5% | 37.51% | 39.56% | 37.24% | 35.06% | 27.29% | 30.5% | 22.42% |
| EPS 2 | 2.840 | 3.610 | 3.840 | 3.450 | 3.720 | 3.390 | 3.383 | 4.300 |
| Free Cash Flow 1 | 174.4 | 194.9 | 9.725 | - | - | 50.4 | 86.3 | 110.6 |
| FCF margin | 51.88% | 48.28% | 2.39% | - | - | 11.56% | 17.81% | 21.76% |
| FCF Conversion (EBITDA) | 90.24% | 86.77% | 4.56% | - | - | 40% | 46.86% | 58.08% |
| FCF Conversion (Net income) | 146.12% | 128.72% | 6.03% | - | - | 42.35% | 58.42% | 97.06% |
| Dividend per Share 2 | 3.180 | 2.400 | 2.500 | - | - | 2.745 | 2.678 | 3.260 |
| Announcement Date | 4/7/20 | 3/11/21 | 3/18/22 | 4/12/23 | 4/10/24 | - | - | - |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 90.62 | 107.5 | 110.2 | 99.07 | 209.3 | 88.4 | 91.51 | 112.3 | 110.7 | 223 | 106.1 | 115.9 | 118.2 |
| EBITDA | 48.26 | 53.96 | 50.7 | 46.8 | 97.5 | 29.1 | 40.79 | 34.9 | 44 | 78.9 | 39.65 | 89.11 | - |
| EBIT 1 | 39.93 | 44.78 | 41 | 37.3 | 78.25 | 20.5 | 31.65 | 26.6 | 35.6 | 62.2 | 32.67 | 33.15 | 25.1 |
| Operating Margin | 44.06% | 41.65% | 37.21% | 37.65% | 37.38% | 23.19% | 34.58% | 23.69% | 32.16% | 27.89% | 30.8% | 28.6% | 21.24% |
| Earnings before Tax (EBT) 1 | 43.48 | 49.3 | 46.59 | 47.05 | 93.64 | 37.4 | 43.81 | 33.56 | 54.5 | - | 47.75 | 52.54 | 35.1 |
| Net income 1 | 36 | 41.36 | 38 | 38.06 | 76.12 | 31.1 | 37.7 | 26.6 | 45 | - | 39.69 | 44.74 | 28.9 |
| Net margin | 39.72% | 38.47% | 34.48% | 38.42% | 36.36% | 35.18% | 41.2% | 23.69% | 40.65% | - | 37.41% | 38.6% | 24.45% |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/9/21 | 3/18/22 | 5/20/22 | 8/11/22 | 8/11/22 | 11/23/22 | 4/12/23 | 5/18/23 | 8/4/23 | 8/4/23 | 11/9/23 | 4/10/24 | - |
1PLN in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 343 | 455 | 371 | - | - | 478 | 456 | 454 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 174 | 195 | 9.73 | - | - | 50.4 | 86.3 | 111 |
| ROE (net income / shareholders' equity) | 13.6% | 14.6% | 17.1% | - | - | 11.7% | 13.7% | 13.3% |
| ROA (Net income/ Total Assets) | 9.65% | 11.6% | 11.6% | - | - | 12.5% | 12.9% | 13.6% |
| Assets 1 | 1,237 | 1,310 | 1,388 | - | - | 952 | 1,145 | 838.2 |
| Book Value Per Share 2 | 20.80 | 22.00 | 23.00 | - | - | 25.80 | 27.00 | 28.30 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 16.7 | 36.4 | 43.4 | - | - | 85.5 | 62 | 53 |
| Capex / Sales | 4.98% | 9.02% | 10.64% | - | - | 19.61% | 12.8% | 10.42% |
| Announcement Date | 4/7/20 | 3/11/21 | 3/18/22 | 4/12/23 | 4/10/24 | - | - | - |
1PLN in Million2PLN
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
43.6
PLN
Average target price
43.14
PLN
Spread / Average Target
-1.06%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +2.59% | 452M | |
| +0.16% | 75.94B | |
| +12.06% | 21.7B | |
| +27.19% | 12.54B | |
| +39.83% | 8.36B | |
| +44.53% | 5.21B | |
| -2.16% | 2.96B | |
| +30.25% | 2.55B | |
| -5.45% | 1.69B | |
| +15.14% | 1.29B |
- Stock Market
- Equities
- GPW Stock
- Financials Gielda Papierów Wartosciowych w Warszawie S.A.
