Company Valuation: KGHM Polska Miedz

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 36,600 27,880 25,350 24,540 23,000 56,520 56,520 -
Change - -23.83% -9.07% -3.2% -6.28% 145.74% 0% -
Enterprise Value (EV) 1 41,434 31,860 25,350 28,536 28,456 62,559 61,095 61,965
Change - -23.11% -20.43% 12.57% -0.28% 119.84% -2.34% 1.42%
P/E ratio 20.3x 4.53x 5.31x -6.64x 8.02x 26.9x 6.64x 8.62x
PBR 1.74x 1.03x - 0.86x 0.74x 1.69x 1.4x 1.23x
PEG - 0x -0.2x 0x -0x -1x 0x -0.4x
Capitalization / Revenue 1.55x 0.94x 0.75x 0.73x 0.65x 1.55x 1.22x 1.28x
EV / Revenue 1.75x 1.07x 0.75x 0.85x 0.81x 1.72x 1.32x 1.4x
EV / EBITDA 6.26x 3.09x 2.86x 5.32x 3.36x 6.18x 4.11x 4.61x
EV / EBIT 8.89x 3.88x 3.83x 10.5x 7.55x 15.4x 6.36x 8.2x
EV / FCF 18.8x 88x - 25.5x -23.8x 66.9x 14.1x 13.4x
FCF Yield 5.31% 1.14% - 3.92% -4.2% 1.49% 7.07% 7.45%
Dividend per Share 2 1.5 3 - 1 1.5 0.4467 1.946 3.66
Rate of return 0.82% 2.15% - 0.81% 1.3% 0.16% 0.69% 1.3%
EPS 2 9 30.78 23.86 -18.49 14.34 10.49 42.56 32.78
Distribution rate 16.7% 9.75% - -5.41% 10.5% 4.26% 4.57% 11.2%
Net sales 1 23,632 29,803 33,847 33,467 35,320 36,404 46,232 44,285
EBITDA 1 6,623 10,327 8,865 5,362 8,457 10,128 14,876 13,438
EBIT 1 4,660 8,204 6,626 2,721 3,767 4,057 9,612 7,561
Net income 1 1,800 6,156 4,772 -3,698 2,868 2,078 7,265 5,782
Net Debt 1 4,834 3,980 - 3,996 5,456 6,039 4,575 5,445
Reference price 2 183.00 139.40 126.75 122.70 115.00 282.60 282.60 282.60
Nbr of stocks (in thousands) 2,00,000 2,00,000 2,00,000 2,00,000 2,00,000 2,00,000 2,00,000 -
Announcement Date 24/03/21 23/03/22 22/03/23 24/04/24 26/03/25 - - -
1PLN in Million2PLN
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.94x1.72x6.18x0.16% 1.51TCr
35.44x5.73x9.39x1.21% 4.57TCr
994.58x17.98x37.22x - 2.12TCr
25.71x3.8x9.38x0.09% 1.95TCr
19.35x4.45x8.42x2.4% 1.95TCr
12.01x2.78x5.11x0.1% 820.9Cr
11.95x2.37x4.92x-.--% 616.36Cr
15.88x3.26x6.12x1.31% 549.86Cr
Average 142.73x 5.26x 10.84x 0.75% 1.76TCr
Weighted average by Cap. 171.93x 6.28x 12.52x 0.95%

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 KGHM Polska Miedz
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