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 3,874 - -
Change - -14.24% 19.65% -4.82% 60.69% 42% - -
Enterprise Value (EV) 1 1,368 1,491 1,563 1,329 2,344 3,321 3,378 3,356
Change - 9.01% 4.82% -14.93% 76.31% 41.69% 1.71% -0.64%
P/E 10.8x 10.3x 11.4x 11.4x 14x 17.6x 16.6x 15.7x
PBR 1.8x - 1.72x 1.59x - 3.24x 3.05x 2.89x
PEG - -1x 1.46x -2.36x 0.4x 1.4x 2.91x 2.68x
Capitalization / Revenue 4.27x 3.83x 4.01x 3.65x 4.94x 6.05x 6.09x 5.86x
EV / Revenue 3.36x 3.83x 3.51x 2.86x 4.25x 5.19x 5.31x 5.07x
EV / EBITDA 6.41x 8.9x 9.75x 10.6x 10.8x 12.5x 11.9x 11.2x
EV / EBIT 7.68x 11.5x 12.2x 14.2x 13x 14.8x 15.5x 14.6x
EV / FCF 141x - 21.4x 14.6x 18.5x 13.7x 20.7x 19.9x
FCF Yield 0.71% - 4.67% 6.87% 5.42% 7.29% 4.84% 5.04%
Dividend per Share 2 2.5 - - 3 - 3.533 3.893 4.267
Rate of return 6.04% - - 7.42% - 3.83% 4.22% 4.62%
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 92.30 92.30 92.30
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
17.59x5.19x12.55x3.83% 1.03B
19.41x11.8x16.51x5.14% 83.71B
28.93x7.95x14.53x0.54% 21.61B
65.37x30.84x47.48x0.48% 16.92B
25.11x9.28x15.61x3.25% 13.09B
58.81x33.96x46.25x0.89% 7.94B
20.26x7.42x12.29x3.84% 7.11B
38.55x14.03x39.6x1.64% 4.28B
15.1x-1112.37x-2394.38x - 3.71B
20.89x13.18x14.2x4.08% 3.26B
Average 31.00x -97.87x -217.54x 2.63% 16.27B
Weighted average by Cap. 28.30x -11.61x -33.72x 3.47%

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.