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 4,000 - -
Change - -14.24% 19.65% -4.82% 60.69% 46.62% - -
Enterprise Value (EV) 1 1,368 1,491 1,563 1,329 2,344 3,447 3,504 3,482
Change - 9.01% 4.82% -14.93% 76.31% 47.06% 1.65% -0.62%
P/E 10.8x 10.3x 11.4x 11.4x 14x 18.2x 17.2x 16.2x
PBR 1.8x - 1.72x 1.59x - 3.34x 3.15x 2.99x
PEG - -1x 1.46x -2.36x 0.4x 1.4x 3.02x 2.77x
Capitalization / Revenue 4.27x 3.83x 4.01x 3.65x 4.94x 6.25x 6.29x 6.05x
EV / Revenue 3.36x 3.83x 3.51x 2.86x 4.25x 5.39x 5.51x 5.27x
EV / EBITDA 6.41x 8.9x 9.75x 10.6x 10.8x 13x 12.3x 11.6x
EV / EBIT 7.68x 11.5x 12.2x 14.2x 13x 15.3x 16.1x 15.1x
EV / FCF 141x - 21.4x 14.6x 18.5x 14.2x 21.4x 20.6x
FCF Yield 0.71% - 4.67% 6.87% 5.42% 7.02% 4.67% 4.85%
Dividend per Share 2 2.5 - - 3 - 3.533 3.893 4.267
Rate of return 6.04% - - 7.42% - 3.71% 4.09% 4.48%
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 95.30 95.30 95.30
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.($)
18.16x5.39x13.02x3.71% 1.07B
19.92x12.09x16.93x5.02% 85.73B
29.3x8.07x14.74x0.54% 21.89B
63.55x29.94x46.08x0.49% 16.43B
25.78x9.55x16.06x3.16% 13.57B
58.04x33.49x45.61x0.9% 7.83B
20.02x7.28x12.06x3.9% 7.03B
38.21x13.92x39.31x1.66% 4.24B
15.79x-1112.05x-2393.68x - 3.88B
20.61x12.93x13.93x4.13% 3.22B
Average 30.94x -97.94x -217.59x 2.61% 16.49B
Weighted average by Cap. 28.19x -12.47x -35.54x 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.