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 4,399 - -
Change - -14.24% 19.65% -4.82% 60.69% 61.23% - -
Enterprise Value (EV) 1 1,368 1,491 1,563 1,329 2,344 3,846 3,903 3,881
Change - 9.01% 4.82% -14.93% 76.31% 64.07% 1.48% -0.55%
P/E 10.8x 10.3x 11.4x 11.4x 14x 18.4x 18x 17.8x
PBR 1.8x - 1.72x 1.59x - 3.68x 3.47x 3.28x
PEG - -1x 1.46x -2.36x 0.4x 0.8x 8.36x 19.95x
Capitalization / Revenue 4.27x 3.83x 4.01x 3.65x 4.94x 6.87x 6.73x 6.61x
EV / Revenue 3.36x 3.83x 3.51x 2.86x 4.25x 6.01x 5.97x 5.83x
EV / EBITDA 6.41x 8.9x 9.75x 10.6x 10.8x 13.4x 13.2x 13.1x
EV / EBIT 7.68x 11.5x 12.2x 14.2x 13x 16.8x 16.8x 16.8x
EV / FCF 141x - 21.4x 14.6x 18.5x 15.9x 23.9x 23x
FCF Yield 0.71% - 4.67% 6.87% 5.42% 6.29% 4.19% 4.35%
Dividend per Share 2 2.5 - - 3 - 3.65 3.893 4.267
Rate of return 6.04% - - 7.42% - 3.48% 3.72% 4.07%
EPS 2 3.84 3.45 3.72 3.54 4.65 5.701 5.824 5.876
Distribution rate 65.1% - - 84.7% - 64% 66.8% 72.6%
Net sales 1 407.6 389.3 444.9 464.8 551.9 640.1 653.5 665.9
EBITDA 1 213.4 167.4 160.2 125 216.5 287.7 296.1 296.8
EBIT 1 178.2 130 128 93.5 179.8 228.3 232.6 230.5
Net income 1 161.2 145 156 148.7 195 239.4 244.5 246.5
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 65.00 104.80 104.80 104.80
Nbr of stocks (in thousands) 41,972 41,972 41,972 41,972 41,972 41,972 - -
Announcement Date 18/03/22 12/04/23 10/04/24 25/03/25 23/03/26 - - -
1PLN in Million2PLN
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.36x13.38x18.81x4.33% 93.25B
29.39x8.13x14.92x0.57% 22.03B
44.03x21.73x31.79x0.79% 15.42B
23.56x9.06x13.86x3.25% 14.48B
22.12x8.07x13.36x3.56% 7.82B
54.78x31.53x42.94x0.96% 7.74B
16.55x-1275.59x-2567.78x - 4.2B
34.44x13.73x36.65x1.39% 3.77B
15.78x12.52x16.42x4.31% 3.05B
Average 29.22x -128.60x -264.34x 2.39% 19.08B
Weighted average by Cap. 26.76x -17.86x -43.00x 3.16%

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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  5. Valuation Gielda Papierów Wartosciowych w Warszawie S.A.