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 4,260 - -
Change - -14.24% 19.65% -4.82% 60.69% 56.15% - -
Enterprise Value (EV) 1 1,368 1,491 1,563 1,329 2,344 3,707 3,764 3,743
Change - 9.01% 4.82% -14.93% 76.31% 58.16% 1.54% -0.57%
P/E 10.8x 10.3x 11.4x 11.4x 14x 17.8x 17.4x 17.3x
PBR 1.8x - 1.72x 1.59x - 3.56x 3.36x 3.18x
PEG - -1x 1.46x -2.36x 0.4x 0.8x 8.08x 19.39x
Capitalization / Revenue 4.27x 3.83x 4.01x 3.65x 4.94x 6.66x 6.52x 6.4x
EV / Revenue 3.36x 3.83x 3.51x 2.86x 4.25x 5.79x 5.76x 5.62x
EV / EBITDA 6.41x 8.9x 9.75x 10.6x 10.8x 12.9x 12.7x 12.6x
EV / EBIT 7.68x 11.5x 12.2x 14.2x 13x 16.2x 16.2x 16.2x
EV / FCF 141x - 21.4x 14.6x 18.5x 15.3x 23x 22.1x
FCF Yield 0.71% - 4.67% 6.87% 5.42% 6.53% 4.34% 4.52%
Dividend per Share 2 2.5 - - 3 - 3.65 3.893 4.267
Rate of return 6.04% - - 7.42% - 3.6% 3.84% 4.2%
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 65.00 101.50 101.50 101.50
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.($)
22.66x13.56x19.07x4.27% 9.61TCr
29.91x8.31x15.22x0.56% 2.23TCr
42.89x21.14x30.92x0.82% 1.5TCr
23.86x9.18x14.05x3.21% 1.47TCr
23.36x8.58x14.19x3.37% 829.29Cr
58.96x34.05x46.38x0.89% 793.51Cr
16.6x-1275.54x-2567.67x - 435.62Cr
33.35x13.37x35.68x1.43% 370.46Cr
15.56x12.29x16.12x4.37% 304.77Cr
Average 29.68x -128.34x -264.00x 2.36% 1.95TCr
Weighted average by Cap. 27.04x -18.19x -43.80x 3.13%

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.