Financials PKO Bank Polski S.A.

Equities

PKO

PLPKO0000016

Banks

Delayed Warsaw S.E. 12:20:40 02/05/2024 BST 5-day change 1st Jan Change
60.96 PLN +0.43% Intraday chart for PKO Bank Polski S.A. -2.56% +21.18%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 43,075 35,900 56,162 37,862 62,900 75,875 - -
Enterprise Value (EV) 1 43,075 35,900 56,162 37,862 62,900 75,875 75,875 75,875
P/E ratio 10.7 x -14 x 11.5 x 11.3 x 11.4 x 8.66 x 8.23 x 7.54 x
Yield 3.86% - 4.07% - - 7.91% 9.12% 8.57%
Capitalization / Revenue 2.97 x 2.55 x 3.92 x 2.26 x 2.74 x 2.9 x 2.95 x 2.87 x
EV / Revenue 2.97 x 2.55 x 3.92 x 2.26 x 2.74 x 2.9 x 2.95 x 2.87 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.04 x 0.79 x 1.49 x 1.07 x 1.39 x 1.49 x 1.42 x 1.3 x
Nbr of stocks (in thousands) 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 - -
Reference price 2 34.46 28.72 44.93 30.29 50.32 60.70 60.70 60.70
Announcement Date 12/02/20 17/02/21 23/02/22 10/03/23 07/03/24 - - -
1PLN in Million2PLN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 14,495 14,055 14,313 16,764 22,944 26,207 25,726 26,395
EBITDA - - - - - - - -
EBIT 1 8,347 8,071 8,139 8,914 15,309 17,362 16,092 16,142
Operating Margin 57.59% 57.42% 56.86% 53.17% 66.72% 66.25% 62.55% 61.15%
Earnings before Tax (EBT) 1 5,819 4,009 7,559 4,749 8,562 13,003 13,905 13,465
Net income 1 4,031 2,645 4,874 3,333 5,502 8,703 9,089 9,556
Net margin 27.81% 18.82% 34.05% 19.88% 23.98% 33.21% 35.33% 36.21%
EPS 2 3.220 -2.050 3.900 2.670 4.400 7.009 7.377 8.055
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.330 - 1.830 - - 4.799 5.537 5.200
Announcement Date 12/02/20 17/02/21 23/02/22 10/03/23 07/03/24 - - -
1PLN in Million2PLN
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 3,633 3,864 4,379 4,889 9,267 2,098 5,399 5,290 5,503 5,638 6,313 6,664 5,907 6,804 6,369 -
EBITDA - - - - - - - - - - - - - - - -
EBIT 1 2,140 2,282 2,533 2,529 5,062 207 3,645 3,305 3,757 3,848 4,199 4,565 - - - -
Operating Margin 58.9% 59.06% 57.84% 51.73% 54.62% 9.87% 67.51% 62.48% 68.27% 68.25% 66.51% 68.51% - - - -
Earnings before Tax (EBT) 1 1,697 1,846 1,866 888 2,753 -343 - 1,966 1,034 3,837 1,726 2,807 - - - -
Net income 1 1,258 1,203 1,416 422 1,838 -237 1,732 1,454 587 2,781 680 1,811 - - - -
Net margin 34.63% 31.13% 32.34% 8.63% 19.83% -11.3% 32.08% 27.49% 10.67% 49.33% 10.77% 27.18% - - - -
EPS 1.010 0.9600 - 0.3400 - -0.1900 1.390 - - - - - - - - -
Dividend per Share 2 - 1.830 - - - - - - - - - - - - 4.666 -
Announcement Date 05/11/21 23/02/22 18/05/22 17/08/22 17/08/22 09/11/22 10/03/23 17/05/23 23/08/23 08/11/23 07/03/24 - - - - -
1PLN in Million2PLN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 10% 6.1% 12.1% 9.7% 13.3% 19.4% 18.3% 17.7%
ROA (Net income/ Total Assets) 1.2% 0.7% 1.23% 1.6% 1.2% 1.76% 1.84% 1.75%
Assets 1 335,917 377,857 397,527 208,312 458,500 494,474 493,674 546,076
Book Value Per Share 2 33.30 36.30 30.20 28.40 36.20 40.60 42.70 46.50
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 12/02/20 17/02/21 23/02/22 10/03/23 07/03/24 - - -
1PLN in Million2PLN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
60.7 PLN
Average target price
67 PLN
Spread / Average Target
+10.38%
Consensus
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  3. PKO Stock
  4. Financials PKO Bank Polski S.A.