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 4,006 - -
Change - -14.24% 19.65% -4.82% 60.69% 46.85% - -
Enterprise Value (EV) 1 1,368 1,491 1,563 1,329 2,344 3,453 3,510 3,489
Change - 9.01% 4.82% -14.93% 76.31% 47.33% 1.65% -0.61%
P/E 10.8x 10.3x 11.4x 11.4x 14x 16.2x 16.1x 16.3x
PBR 1.8x - 1.72x 1.59x - 3.35x 3.16x 2.99x
PEG - -1x 1.46x -2.36x 0.4x 0.6x 118.54x -19.2x
Capitalization / Revenue 4.27x 3.83x 4.01x 3.65x 4.94x 6.22x 6.07x 6.01x
EV / Revenue 3.36x 3.83x 3.51x 2.86x 4.25x 5.36x 5.32x 5.23x
EV / EBITDA 6.41x 8.9x 9.75x 10.6x 10.8x 11.9x 11.6x 11.8x
EV / EBIT 7.68x 11.5x 12.2x 14.2x 13x 15x 14.8x 15.2x
EV / FCF 141x - 21.4x 14.6x 18.5x 14.3x 21.5x 20.6x
FCF Yield 0.71% - 4.67% 6.87% 5.42% 7.01% 4.66% 4.84%
Dividend per Share 2 2.5 - - 3 - 3.9 3.893 4.267
Rate of return 6.04% - - 7.42% - 4.09% 4.08% 4.47%
EPS 2 3.84 3.45 3.72 3.54 4.65 5.905 5.913 5.863
Distribution rate 65.1% - - 84.7% - 66% 65.8% 72.8%
Net sales 1 407.6 389.3 444.9 464.8 551.9 644.5 659.7 666.9
EBITDA 1 213.4 167.4 160.2 125 216.5 290.1 301.4 296.7
EBIT 1 178.2 130 128 93.5 179.8 230.2 237.7 230
Net income 1 161.2 145 156 148.7 195 240.9 248.2 245.9
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 95.45 95.45 95.45
Nbr of stocks (in thousands) 41,972 41,972 41,972 41,972 41,972 41,972 - -
Announcement Date 18/3/22 12/4/23 10/4/24 25/3/25 23/3/26 - - -
1PLN in Million2PLN
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.16x5.36x11.9x4.09% 1.06B
22.99x13.9x19.49x4.38% 97.5B
29.14x8.04x14.77x0.58% 21.53B
22.62x8.88x13.47x3.35% 14.75B
40.95x19.48x28.71x0.83% 13.88B
48.42x27.04x38.35x1.1% 8.69B
21.01x7.32x12.89x3.56% 7.68B
39.03x13.46x46.69x1.63% 3.85B
14.24x-1275.68x-2540.16x - 3.74B
16.12x11.29x11.7x4.65% 3.09B
Average 27.07x -116.09x -234.22x 2.68% 17.58B
Weighted average by Cap. 26.30x -13.96x -34.23x 3.27%

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
  2. Stocks
  3. GPW Stock
  4. Valuation Gielda Papierów Wartosciowych w Warszawie S.A.
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