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 4,281 - -
Change - -14.24% 19.65% -4.82% 60.69% 56.92% - -
Enterprise Value (EV) 1 1,368 1,491 1,563 1,329 2,344 3,728 3,785 3,764
Change - 9.01% 4.82% -14.93% 76.31% 59.06% 1.53% -0.57%
P/E 10.8x 10.3x 11.4x 11.4x 14x 17.9x 17.5x 17.4x
PBR 1.8x - 1.72x 1.59x - 3.58x 3.37x 3.2x
PEG - -1x 1.46x -2.36x 0.4x 0.8x 8.13x 19.5x
Capitalization / Revenue 4.27x 3.83x 4.01x 3.65x 4.94x 6.69x 6.55x 6.43x
EV / Revenue 3.36x 3.83x 3.51x 2.86x 4.25x 5.82x 5.79x 5.65x
EV / EBITDA 6.41x 8.9x 9.75x 10.6x 10.8x 13x 12.8x 12.7x
EV / EBIT 7.68x 11.5x 12.2x 14.2x 13x 16.3x 16.3x 16.3x
EV / FCF 141x - 21.4x 14.6x 18.5x 15.4x 23.2x 22.3x
FCF Yield 0.71% - 4.67% 6.87% 5.42% 6.49% 4.32% 4.49%
Dividend per Share 2 2.5 - - 3 - 3.65 3.893 4.267
Rate of return 6.04% - - 7.42% - 3.58% 3.82% 4.18%
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 65.00 102.00 102.00 102.00
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.($)
18.38x6.01x13.37x3.48% 1.18B
21.99x13.15x18.5x4.4% 93.25B
29.59x8.21x15.03x0.57% 22.03B
44.14x21.79x31.88x0.79% 15.42B
23.56x9.06x13.86x3.25% 14.48B
22.03x8.04x13.31x3.58% 7.82B
57.48x33.16x45.15x0.91% 7.74B
16x-1275.82x-2568.25x - 4.2B
33.92x13.56x36.19x1.41% 3.77B
15.56x12.29x16.12x4.37% 3.05B
Average 28.26x -115.06x -236.48x 2.53% 17.29B
Weighted average by Cap. 26.63x -17.74x -42.69x 3.2%

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.