PKO BANK POLSKI S.A. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 57.22 PLN | -0.80% |
|
-5.89% | +13.67% |
| May. 14 | Pko Bp Recommends Dividend, Payable on August 22, 2024 | CI |
| May. 09 | Transcript : Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna, Q1 2024 Earnings Call, May 09, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 43,075 | 35,900 | 56,162 | 37,862 | 62,900 | 72,100 | - | - |
| Enterprise Value (EV) 1 | 43,075 | 35,900 | 56,162 | 37,862 | 62,900 | 72,100 | 72,100 | 72,100 |
| P/E ratio | 10.7 x | -14 x | 11.5 x | 11.3 x | 11.4 x | 8.44 x | 7.79 x | 7.17 x |
| Yield | 3.86% | - | 4.07% | - | - | 8.57% | 9.52% | 9.58% |
| Capitalization / Revenue | 2.97 x | 2.55 x | 3.92 x | 2.26 x | 2.74 x | 2.79 x | 2.8 x | 2.7 x |
| EV / Revenue | 2.97 x | 2.55 x | 3.92 x | 2.26 x | 2.74 x | 2.79 x | 2.8 x | 2.7 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 1.04 x | 0.79 x | 1.49 x | 1.07 x | 1.39 x | 1.43 x | 1.34 x | 1.22 x |
| Nbr of stocks (in thousands) | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | - | - |
| Reference price 2 | 34.46 | 28.72 | 44.93 | 30.29 | 50.32 | 57.68 | 57.68 | 57.68 |
| Announcement Date | 2/12/20 | 2/17/21 | 2/23/22 | 3/10/23 | 3/7/24 | - | - | - |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 14,495 | 14,055 | 14,313 | 16,764 | 22,944 | 25,808 | 25,738 | 26,701 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 8,347 | 8,071 | 8,139 | 8,914 | 15,309 | 17,362 | 16,092 | 16,142 |
| Operating Margin | 57.59% | 57.42% | 56.86% | 53.17% | 66.72% | 67.27% | 62.52% | 60.45% |
| Earnings before Tax (EBT) 1 | 5,819 | 4,009 | 7,559 | 4,749 | 8,562 | 13,003 | 13,905 | 13,465 |
| Net income 1 | 4,031 | 2,645 | 4,874 | 3,333 | 5,502 | 8,465 | 9,089 | 9,556 |
| Net margin | 27.81% | 18.82% | 34.05% | 19.88% | 23.98% | 32.8% | 35.31% | 35.79% |
| EPS 2 | 3.220 | -2.050 | 3.900 | 2.670 | 4.400 | 6.832 | 7.408 | 8.041 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 1.330 | - | 1.830 | - | - | 4.941 | 5.492 | 5.526 |
| Announcement Date | 2/12/20 | 2/17/21 | 2/23/22 | 3/10/23 | 3/7/24 | - | - | - |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,864 | 4,379 | 4,889 | 9,267 | 2,098 | 5,399 | 5,290 | 5,503 | 5,638 | 6,313 | 5,907 | 6,804 | 6,369 | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | 2,282 | 2,533 | 2,529 | 5,062 | 207 | 3,645 | 3,305 | 3,757 | 3,848 | 4,199 | - | - | - | - | - |
| Operating Margin | 59.06% | 57.84% | 51.73% | 54.62% | 9.87% | 67.51% | 62.48% | 68.27% | 68.25% | 66.51% | - | - | - | - | - |
| Earnings before Tax (EBT) | 1,846 | 1,866 | 888 | 2,753 | -343 | - | 1,966 | 1,034 | 3,837 | 1,726 | - | - | - | - | - |
| Net income | 1,203 | 1,416 | 422 | 1,838 | -237 | 1,732 | 1,454 | 587 | 2,781 | 680 | - | - | - | - | - |
| Net margin | 31.13% | 32.34% | 8.63% | 19.83% | -11.3% | 32.08% | 27.49% | 10.67% | 49.33% | 10.77% | - | - | - | - | - |
| EPS | 0.9600 | - | 0.3400 | - | -0.1900 | 1.390 | - | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 1.830 | - | - | - | - | - | - | - | - | - | - | - | 4.666 | - | - |
| Announcement Date | 2/23/22 | 5/18/22 | 8/17/22 | 8/17/22 | 11/9/22 | 3/10/23 | 5/17/23 | 8/23/23 | 11/8/23 | 3/7/24 | - | - | - | - | - |
1PLN in Million2PLN
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 10% | 6.1% | 12.1% | 9.7% | 13.3% | 19.4% | 18.2% | 17.7% |
| ROA (Net income/ Total Assets) | 1.2% | 0.7% | 1.23% | 1.6% | 1.2% | 1.76% | 1.84% | 1.75% |
| Assets 1 | 335,917 | 377,857 | 397,527 | 208,312 | 458,500 | 480,973 | 493,674 | 546,076 |
| Book Value Per Share 2 | 33.30 | 36.30 | 30.20 | 28.40 | 36.20 | 40.50 | 43.10 | 47.30 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 2/12/20 | 2/17/21 | 2/23/22 | 3/10/23 | 3/7/24 | - | - | - |
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
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
57.68
PLN
Average target price
67.55
PLN
Spread / Average Target
+17.11%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +13.28% | 18.26B | |
| +18.47% | 579B | |
| +14.32% | 301B | |
| +17.02% | 250B | |
| +25.74% | 216B | |
| +19.57% | 180B | |
| +23.83% | 168B | |
| +11.66% | 165B | |
| +6.22% | 147B | |
| -15.88% | 133B |
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