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 4,019 - -
Change - -14.24% 19.65% -4.82% 60.69% 47.31% - -
Enterprise Value (EV) 1 1,368 1,491 1,563 1,329 2,344 3,466 3,523 3,501
Change - 9.01% 4.82% -14.93% 76.31% 47.87% 1.64% -0.61%
P/E 10.8x 10.3x 11.4x 11.4x 14x 18.2x 17.3x 16.3x
PBR 1.8x - 1.72x 1.59x - 3.36x 3.17x 3x
PEG - -1x 1.46x -2.36x 0.4x 1.4x 3.03x 2.79x
Capitalization / Revenue 4.27x 3.83x 4.01x 3.65x 4.94x 6.28x 6.32x 6.08x
EV / Revenue 3.36x 3.83x 3.51x 2.86x 4.25x 5.42x 5.54x 5.29x
EV / EBITDA 6.41x 8.9x 9.75x 10.6x 10.8x 13.1x 12.4x 11.7x
EV / EBIT 7.68x 11.5x 12.2x 14.2x 13x 15.4x 16.2x 15.2x
EV / FCF 141x - 21.4x 14.6x 18.5x 14.3x 21.5x 20.7x
FCF Yield 0.71% - 4.67% 6.87% 5.42% 6.98% 4.64% 4.83%
Dividend per Share 2 2.5 - - 3 - 3.533 3.893 4.267
Rate of return 6.04% - - 7.42% - 3.69% 4.07% 4.46%
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 95.75 95.75 95.75
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.24x5.42x13.09x3.69% 1.07B
19.92x12.09x16.93x5.02% 85.73B
29.3x8.07x14.74x0.54% 21.89B
63.25x29.79x45.85x0.49% 16.35B
26.45x9.81x16.5x3.08% 13.89B
55.87x32.19x43.83x0.94% 7.54B
19.74x7.17x11.88x3.96% 6.93B
38.21x13.98x39.67x1.63% 4.25B
15.79x-1112.05x-2393.68x - 3.88B
20.75x13.06x14.07x4.1% 3.24B
Average 30.75x -98.05x -217.71x 2.61% 16.48B
Weighted average by Cap. 28.03x -12.59x -35.71x 3.43%

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.