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 4,013 - -
Change - -14.24% 19.65% -4.82% 60.69% 47.08% - -
Enterprise Value (EV) 1 1,368 1,491 1,563 1,329 2,344 3,460 3,516 3,495
Change - 9.01% 4.82% -14.93% 76.31% 47.6% 1.65% -0.61%
P/E 10.8x 10.3x 11.4x 11.4x 14x 16.8x 16.4x 16.3x
PBR 1.8x - 1.72x 1.59x - 3.35x 3.16x 2.99x
PEG - -1x 1.46x -2.36x 0.4x 0.7x 7.61x 18.27x
Capitalization / Revenue 4.27x 3.83x 4.01x 3.65x 4.94x 6.27x 6.14x 6.03x
EV / Revenue 3.36x 3.83x 3.51x 2.86x 4.25x 5.4x 5.38x 5.25x
EV / EBITDA 6.41x 8.9x 9.75x 10.6x 10.8x 12x 11.9x 11.8x
EV / EBIT 7.68x 11.5x 12.2x 14.2x 13x 15.2x 15.1x 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% 7% 4.65% 4.84%
Dividend per Share 2 2.5 - - 3 - 3.65 3.893 4.267
Rate of return 6.04% - - 7.42% - 3.82% 4.07% 4.46%
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 95.60 95.60 95.60
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.($)
16.77x5.4x12.03x3.82% 1.07B
24.28x14.62x20.55x4.21% 103B
30.22x8.41x15.42x0.55% 22.51B
23.11x8.88x13.58x3.31% 14.13B
40.47x19.21x28.15x0.88% 13.93B
49.5x27.51x39.08x1.09% 8.87B
21.17x7.37x13x3.55% 7.77B
15.92x-1274.87x-2538.55x - 4.18B
37.86x13.92x39.45x1.32% 4.21B
15.44x12.18x15.98x4.4% 3.03B
Average 27.47x -115.74x -234.13x 2.57% 18.27B
Weighted average by Cap. 27.18x -15.52x -37.68x 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

  1. Stock Market
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  3. GPW Stock
  4. Valuation Gielda Papierów Wartosciowych w Warszawie S.A.