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 3,673 - -
Change - -14.24% 19.65% -4.82% 60.69% 34.62% - -
Enterprise Value (EV) 1 1,368 1,491 1,563 1,329 2,344 3,120 3,176 3,155
Change - 9.01% 4.82% -14.93% 76.31% 33.09% 1.83% -0.68%
P/E 10.8x 10.3x 11.4x 11.4x 14x 16.7x 15.8x 14.9x
PBR 1.8x - 1.72x 1.59x - 3.07x 2.89x 2.74x
PEG - -1x 1.46x -2.36x 0.4x 1.3x 2.77x 2.55x
Capitalization / Revenue 4.27x 3.83x 4.01x 3.65x 4.94x 5.74x 5.77x 5.55x
EV / Revenue 3.36x 3.83x 3.51x 2.86x 4.25x 4.87x 4.99x 4.77x
EV / EBITDA 6.41x 8.9x 9.75x 10.6x 10.8x 11.8x 11.2x 10.5x
EV / EBIT 7.68x 11.5x 12.2x 14.2x 13x 13.9x 14.6x 13.7x
EV / FCF 141x - 21.4x 14.6x 18.5x 12.9x 19.4x 18.7x
FCF Yield 0.71% - 4.67% 6.87% 5.42% 7.76% 5.15% 5.36%
Dividend per Share 2 2.5 - - 3 - 3.533 3.893 4.267
Rate of return 6.04% - - 7.42% - 4.04% 4.45% 4.88%
EPS 2 3.84 3.45 3.72 3.54 4.65 5.248 5.548 5.872
Distribution rate 65.1% - - 84.7% - 67.3% 70.2% 72.7%
Net sales 1 407.6 389.3 444.9 464.8 551.9 640 636.2 661.4
EBITDA 1 213.4 167.4 160.2 125 216.5 264.7 283.9 299.6
EBIT 1 178.2 130 128 93.5 179.8 225 217.7 230.3
Net income 1 161.2 145 156 148.7 195 220.4 232.9 246.3
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 87.50 87.50 87.50
Nbr of stocks (in thousands) 41,972 41,972 41,972 41,972 41,972 41,972 - -
Announcement Date 3/18/22 4/12/23 4/10/24 3/25/25 3/23/26 - - -
1PLN in Million2PLN
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.67x4.87x11.78x4.04% 977M
18.57x11.29x15.81x5.45% 80.08B
26.65x7.25x13.26x0.59% 19.92B
64.17x30.25x46.56x0.48% 16.74B
24.42x9.01x15.16x3.34% 12.79B
56.22x32.4x44.12x0.93% 7.65B
19.76x7.21x11.95x3.93% 6.94B
38.53x14.02x39.58x1.64% 4.28B
14.66x-1112.58x-2394.81x - 3.6B
20.89x13.18x14.2x4.08% 3.27B
Average 30.05x -98.31x -218.24x 2.72% 15.62B
Weighted average by Cap. 27.36x -12.34x -34.99x 3.65%

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.