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Polish (WIG) Financials Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies66
- 7D-1.2%
- 3M3.9%
- 1Y58.2%
- YTD13.6%
Over the last 7 days, the Financials industry has dropped 1.2%, driven by Santander Bank Polska declining 7.3%. In contrast, Powszechny Zaklad Ubezpieczen has gained 5.6%. Over the past 12 months, the industry was up 58%. Looking forward, earnings are forecast to grow by 7.1% annually.
Sector Valuation and Performance
Has the Polish Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | zł355.4b | zł158.1b | zł36.2b | 8.5x | 9.8x | 2.2x |
| Tue, 16 Apr 2024 | zł372.7b | zł155.7b | zł34.8b | 8.9x | 10.7x | 2.4x |
| Thu, 14 Mar 2024 | zł362.4b | zł155.8b | zł34.9b | 10.9x | 10.4x | 2.3x |
| Sat, 10 Feb 2024 | zł323.5b | zł155.9b | zł35.3b | 10.8x | 9.2x | 2.1x |
| Mon, 08 Jan 2024 | zł312.5b | zł154.5b | zł35.3b | 10.8x | 8.8x | 2x |
| Wed, 06 Dec 2023 | zł316.7b | zł154.4b | zł35.3b | 10.1x | 9x | 2.1x |
| Fri, 03 Nov 2023 | zł284.9b | zł141.6b | zł28.0b | 10.3x | 10.2x | 2x |
| Sun, 01 Oct 2023 | zł233.9b | zł131.1b | zł19.5b | 9.9x | 12x | 1.8x |
| Tue, 29 Aug 2023 | zł246.9b | zł127.1b | zł18.7b | 10.9x | 13.2x | 1.9x |
| Thu, 27 Jul 2023 | zł257.6b | zł123.5b | zł17.1b | 14.6x | 15.1x | 2.1x |
| Sat, 24 Jun 2023 | zł235.4b | zł123.5b | zł17.1b | 12.7x | 13.7x | 1.9x |
| Mon, 22 May 2023 | zł225.3b | zł120.8b | zł16.9b | 11.8x | 13.4x | 1.9x |
| Wed, 19 Apr 2023 | zł220.4b | zł113.6b | zł15.7b | 12x | 14x | 1.9x |
| Fri, 17 Mar 2023 | zł187.8b | zł112.8b | zł15.7b | 10.2x | 11.9x | 1.7x |
| Sun, 12 Feb 2023 | zł205.2b | zł111.8b | zł14.1b | 11x | 14.6x | 1.8x |
| Tue, 10 Jan 2023 | zł217.5b | zł110.7b | zł10.0b | 13.8x | 21.8x | 2x |
| Thu, 08 Dec 2022 | zł188.9b | zł110.3b | zł10.0b | 12x | 19x | 1.7x |
| Sat, 05 Nov 2022 | zł173.5b | zł114.1b | zł16.5b | 8.4x | 10.5x | 1.5x |
| Mon, 03 Oct 2022 | zł144.9b | zł113.3b | zł17.3b | 7.9x | 8.4x | 1.3x |
| Wed, 31 Aug 2022 | zł155.1b | zł112.9b | zł16.1b | 9.3x | 9.6x | 1.4x |
| Fri, 29 Jul 2022 | zł164.4b | zł107.6b | zł16.3b | 12x | 10.1x | 1.5x |
| Sun, 26 Jun 2022 | zł180.3b | zł107.4b | zł17.1b | 10.1x | 10.6x | 1.7x |
| Tue, 24 May 2022 | zł198.4b | zł107.4b | zł17.0b | 11.9x | 11.6x | 1.8x |
| Thu, 21 Apr 2022 | zł222.7b | zł101.4b | zł14.3b | 12.3x | 15.5x | 2.2x |
| Sat, 19 Mar 2022 | zł232.3b | zł100.8b | zł14.3b | 12.1x | 16.3x | 2.3x |
| Mon, 14 Feb 2022 | zł272.6b | zł92.5b | zł8.0b | 14.8x | 34.2x | 2.9x |
| Wed, 12 Jan 2022 | zł279.7b | zł91.4b | zł9.5b | 16.4x | 29.5x | 3.1x |
| Fri, 10 Dec 2021 | zł258.3b | zł91.4b | zł9.5b | 16.4x | 27.3x | 2.8x |
| Sun, 07 Nov 2021 | zł290.9b | zł90.2b | zł9.4b | 15.7x | 31.1x | 3.2x |
| Tue, 05 Oct 2021 | zł248.8b | zł88.9b | zł8.7b | 13.9x | 28.5x | 2.8x |
| Thu, 02 Sep 2021 | zł240.4b | zł88.8b | zł8.3b | 14.3x | 29x | 2.7x |
| Sat, 31 Jul 2021 | zł210.9b | zł88.8b | zł8.3b | 13.2x | 25.4x | 2.4x |
Price to Earnings Ratio
35.3x
Current Industry PE
- Investors are pessimistic on the Polish Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 9.8x which is lower than its 3-year average PE of 17.3x.
- The industry is trading close to its 3-year average PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 81% per year over the last three years.
- Revenues for these companies have grown 23% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Polish Financials sector?
| PL Market | 1.58% | |
| Financials | -1.16% | |
| Insurance | 5.60% | |
| Capital Markets | 4.63% | |
| Diversified Financial | 0.31% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Consumer Finance | -1.25% | |
| Banks | -2.48% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 15.9x.
- Analysts are expecting annual earnings growth of 4.2%, which is lower than the prior year's growth of 16.2% per year.
- Investors are most pessimistic about the Diversified Financial industry, which is trading below its 3-year average of 11.7x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 9.1% over the next 5 years.
- This is better than its past earnings decline of 10% per year.
- In contrast, the Insurance industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PZU Powszechny Zaklad Ubezpieczen | zł55.34 | 5.6% +zł2.5b | 36.5% | PE9.6x | |
| XTB XTB | zł72.00 | 7.9% +zł618.4m | 81.9% | PE10.7x | |
| BHW Bank Handlowy w Warszawie | zł108.00 | 1.1% +zł156.8m | 39.4% | PB1.4x | |
| ALR Alior Bank | zł95.26 | 1.2% +zł151.4m | 118.5% | PB1.3x | |
| VOT Votum | zł45.60 | 4.5% +zł23.4m | -14.6% | PE4.1x |