Orlen（PKY1）株式概要オルレン社は石油精製、石油化学、エネルギー、小売、ガス、アップストリーム事業を展開している。 詳細PKY1 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長1/6過去の実績0/6財務の健全性6/6配当金3/6報酬当社が推定した公正価値より48%で取引されている 収益は年間15.33%増加すると予測されています リスク分析財務結果に影響を与える大きな一時的項目 4.19%の配当は利益で十分にカバーされていない すべてのリスクチェックを見るPKY1 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€33.7542.4% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0372b2016201920222025202620282031Revenue zł252.9bEarnings zł2.4bAdvancedSet Fair ValueView all narrativesOrlen S.A. 競合他社Phillips 66Symbol: NYSE:PSXMarket cap: US$71.2bMarathon PetroleumSymbol: NYSE:MPCMarket cap: US$74.3bValero EnergySymbol: NYSE:VLOMarket cap: US$73.3bNeste OyjSymbol: HLSE:NESTEMarket cap: €21.8b価格と性能株価の高値、安値、推移の概要Orlen過去の株価現在の株価zł33.7552週高値zł34.8052週安値zł16.32ベータ0.471ヶ月の変化12.86%3ヶ月変化25.93%1年変化101.13%3年間の変化136.01%5年間の変化85.19%IPOからの変化341.23%最新ニュースお知らせ • May 15Orlen S.A., Annual General Meeting, Jun 09, 2026Orlen S.A., Annual General Meeting, Jun 09, 2026, at 11:00 Central European Standard Time.お知らせ • Dec 18+ 4 more updatesOrlen S.A. to Report Q4, 2025 Results on Feb 19, 2026Orlen S.A. announced that they will report Q4, 2025 results at 8:30 AM, Central European Standard Time on Feb 19, 2026お知らせ • May 09Orlen S.A., Annual General Meeting, Jun 05, 2025Orlen S.A., Annual General Meeting, Jun 05, 2025.お知らせ • Feb 27ORLEN Seeks to Acquire Grupa Azoty PolyolefinsOrlen S.A. (WSE:PKN) (ORLEN Group)'s press office has said that the group's ambition is to strengthen its leading position in the production of plastics in Central and Eastern Europe, which will be possible not only by increasing manufacturing capacity, but also by developing advanced petrochemical products. Meanwhile, the group continues to analyse a potential acquisition of Grupa Azoty Polyolefins, with the negotiations, ongoing already for five months, and due diligence expected to be completed by the end of next month.お知らせ • Jan 18+ 4 more updatesOrlen S.A. to Report First Half, 2025 Results on Aug 21, 2025Orlen S.A. announced that they will report first half, 2025 results on Aug 21, 2025お知らせ • Nov 14The Norwegian energy ministry signed an agreement to acquire remaining 53.30% stake in GASSCO from Shell, CapeOmega, ConocoPhilipps, Equinor, Hav Energy, Orlen and Silex for NOK 18.1 billion.The Norwegian energy ministry signed an agreement to acquire remaining 53.30% stake in GASSCO from Shell, CapeOmega, ConocoPhilipps, Equinor, Hav Energy, Orlen and Silex for NOK 18.1 billion on January 1, 2024. Under the terms, seven companies came to an agreement with the government, two groups rejected the offer. North Sea Infrastructure and M Vest Energy did not agree to a sale and maintain their stakes. The agreement lifts the Norwegian state's stake in Gassled to 100% from 46.7% previously. The government remains determined to acquire these remaining stakes, either through negotiation or by exercising its rights at the end of the current concession period.最新情報をもっと見るRecent updatesお知らせ • May 15Orlen S.A., Annual General Meeting, Jun 09, 2026Orlen S.A., Annual General Meeting, Jun 09, 2026, at 11:00 Central European Standard Time.お知らせ • Dec 18+ 4 more updatesOrlen S.A. to Report Q4, 2025 Results on Feb 19, 2026Orlen S.A. announced that they will report Q4, 2025 results at 8:30 AM, Central European Standard Time on Feb 19, 2026お知らせ • May 09Orlen S.A., Annual General Meeting, Jun 05, 2025Orlen S.A., Annual General Meeting, Jun 05, 2025.お知らせ • Feb 27ORLEN Seeks to Acquire Grupa Azoty PolyolefinsOrlen S.A. (WSE:PKN) (ORLEN Group)'s press office has said that the group's ambition is to strengthen its leading position in the production of plastics in Central and Eastern Europe, which will be possible not only by increasing manufacturing capacity, but also by developing advanced petrochemical products. Meanwhile, the group continues to analyse a potential acquisition of Grupa Azoty Polyolefins, with the negotiations, ongoing already for five months, and due diligence expected to be completed by the end of next month.お知らせ • Jan 18+ 4 more updatesOrlen S.A. to Report First Half, 2025 Results on Aug 21, 2025Orlen S.A. announced that they will report first half, 2025 results on Aug 21, 2025お知らせ • Nov 14The Norwegian energy ministry signed an agreement to acquire remaining 53.30% stake in GASSCO from Shell, CapeOmega, ConocoPhilipps, Equinor, Hav Energy, Orlen and Silex for NOK 18.1 billion.The Norwegian energy ministry signed an agreement to acquire remaining 53.30% stake in GASSCO from Shell, CapeOmega, ConocoPhilipps, Equinor, Hav Energy, Orlen and Silex for NOK 18.1 billion on January 1, 2024. Under the terms, seven companies came to an agreement with the government, two groups rejected the offer. North Sea Infrastructure and M Vest Energy did not agree to a sale and maintain their stakes. The agreement lifts the Norwegian state's stake in Gassled to 100% from 46.7% previously. The government remains determined to acquire these remaining stakes, either through negotiation or by exercising its rights at the end of the current concession period.お知らせ • Aug 22Orlen Energy Assumes Restart of Operations At Litvinov Refinery for Early SeptemberOrlen tentatively assumes that the restart of operations at the Plock group-owned refinery in Litvinov in Czech Republic will take place in the beginning of September, Orlen deputy CEO Magdalena Bartos told a press conference. PKN Orlen's Litvinov refinery in the Czech Republic halted production after an unexploded World War II aerial bomb was found. More than 500 people were evacuated from the plant. Traffic was halted on the road from Most to Litvinov, as well as city and rail transport. According to the latest information from the Czech police, the unexploded bomb will remain on site until August 27. Until that date, transport restrictions are in place.お知らせ • Aug 06Orlen Shareholders Files Lawsuits to Overturn Resolutions Not to Discharge Former Board MembersOrlen shareholders filed lawsuits to the Regional Court in Lodz to declare invalid or revoke resolutions adopted by the ordinary general meeting on June 25, 2024, not to grant discharge for 2023 to 8 former members of the management board and 2 members of the supervisory board, the company said in a market filing. In Orlen's opinion, the lawsuits are unfounded. The lawsuit concerns former board members: Armen Konrad Artwich, Patrycja Klarecka, Michal Rog, Jan Szewczak, Jozef Wegrecki, Piotr Sabat, Krzysztof Nowicki, Robert Perkowski and former supervisory board members Andrzej Szumanski and Michal Klimaszewski, Orlen shareholders decided on June 25 not to grant discharge for 2023 to all former members of the management board, including Daniel Obajtek and all former members of the company's supervisory board. The general meeting did not grant a discharge for the 2023 financial year to CEO Daniel Obajtek and the other board members: Armen Artwich, Adam Burak, Patrycja Klarecka, Michal Rog, Jan Szewczak, Jozef Wegrecki, Piotr Sabat, Krzysztof Nowicki, Iwona Waksmundzka-Olejniczak and Robert Perkowski. Most of the previous board ceased to hold office in February 2024. Shareholders did not discharge the members of the previous supervisory board for the 2023 financial year: the head Wojciech Jasinski, Andrzej Szumanski, Anna Wojcik, Barbara Jarzembowska, Andrzej Kapala, Michal Klimaszewski, Roman Kusz, Jadwiga Lesisz, Anna Sakowicz-Kacz and Janina Goss. The supervisory board in this composition was dismissed on February 6, 2024.お知らせ • Jun 14Orlen S.A. Announces Board AppointmentsOrlen S.A.'s supervisory board has appointed Artur Osuchowski as management board member for energy and energy transition from June 13, 2024 and Marek Balawejder as board member for wholesale and logistics from August 1.お知らせ • May 31Orlen S.A., Annual General Meeting, Jun 25, 2024Orlen S.A., Annual General Meeting, Jun 25, 2024.お知らせ • May 16Orlen Announces Management ChangesOrlen announced Witold Literacki has been appointed as company's new deputy CEO for corporate affairs and Ireneusz Sitarski - as the deputy CEO for retail sales. Both Witold Literacki and Ireneusz Sitarski have simultaneously resigned as members of the company's supervisory board.Reported Earnings • Apr 28Full year 2023 earnings released: EPS: zł17.81 (vs zł34.18 in FY 2022)Full year 2023 results: EPS: zł17.81 (down from zł34.18 in FY 2022). Revenue: zł372.8b (up 32% from FY 2022). Net income: zł20.7b (down 48% from FY 2022). Profit margin: 5.5% (down from 14% in FY 2022). Revenue is forecast to decline by 6.7% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 28Orlen S.A. Recommends Dividend Payment for the Year 2023Orlen S.A. recommended a dividend of PLN 4.818 billion (EUR 1.1 billion) for 2023, or PLN 4.15 (EUR 0.96) per share. The remaining amount from the net profit for 2023 would go to the reserve capital. For 2022, Orlen paid a dividend of PLN 5.5 (EUR 1.27) per share, or a total of almost PLN 6.4 billion (EUR 1.5 billion).お知らせ • Apr 17Orlen S.A. Announces Board ChangesOrlen S.A. has appointed Magdalena Bartos and Robert Soszynski as deputy CEO and Wieslaw Prugar as board member for upstream. Magdalena Bartos will be Orlen's deputy CEO for finance and Robert Soszynski will be deputy CEO for strategy and sustainable development. Jozef Wegrecki was dismissed from his position as a member of Orlen's management board as of April 30.お知らせ • Apr 11Orlen S.A. Appoints Ireneusz Fafara as New CEOOrlen S.A. elected Ireneusz Fafara as its new CEO after dismissing Daniel Obajtek from the post in early February. Fafara was appointed to the management board's joint term of office, which ends on the date that the Ordinary General Meeting approves the company's financial statements for 2025. The appointment is effective April 11. Fafara is an expert with knowledge of the fuel sector and the challenges related to energy transformation. In the years 2010-2018, he was the president of Orlen Lietuva, the company's Lithuanian subsidiary operating the only petroleum refinery in the Baltic states. Since June 2020, he has been the president of 4Cell Therapies, a company in the medical sector. Obajtek, the CEO of Orlen of six years, was dismissed by the group's supervisory board on February 1, effective February 5. For many in the new government Obajtek was seen as being too close to the old Law and Justice government, which lost power in October's general election. He was also dogged by controversies surrounding his assets and the sale by Orlen of a stake in the Lotos refinery to a Saudi Arabian company.お知らせ • Mar 15Operator Gazociagow Przesylowych GAZ-SYSTEM Sp. z o.o. has concluded an agreement to acquire Operator Systemu Magazynowania Sp. Z O.o. from Orlen S.A. (WSE:PKN).Operator Gazociagow Przesylowych GAZ-SYSTEM Sp. z o.o. has concluded an agreement to acquire Operator Systemu Magazynowania Sp. Z O.o. from Orlen S.A. (WSE:PKN) on March 15, 2024. The concluded agreement concerns the disposal of the storage system operator only, while the storage facilities themselves remain the property of Orlen Group. Orlen has entered into an agreement with Gas Storage Poland under which the company manages the capacities of the company's underground gas storage facilities located in Kosakowo, Mogilno, Wierzchowice, Brzeznica, Swarzow, Husow and Strachocina. The acquisition of the shares is conditional on UOKiK's approval of the concentration. In February, Orlen's EGM gave its approval for the sale of shares in Gas Storage Poland.Reported Earnings • Feb 23Full year 2023 earnings released: EPS: zł23.73 (vs zł30.43 in FY 2022)Full year 2023 results: EPS: zł23.73 (down from zł30.43 in FY 2022). Revenue: zł372.6b (up 34% from FY 2022). Net income: zł27.6b (down 22% from FY 2022). Profit margin: 7.4% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 12% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 22Orlen Recommends Base Dividend for 2023Orlen recommend a base dividend of PLN 4.15 (EUR 0.96) per share from the 2023 net profit.お知らせ • Feb 15Orlen S.A. Announces Executive ChangesOrlen S.A. announced that on February 6, Witold Literacki, appointed by the Minister of State Assets to Orlen's management board, was appointed by the supervisory board as acting CEO of the company. The supervisory board also decided to delegate three members of the supervisory board as of February 7: Kazimierz Mordaszewski, Tomasz Sojka and Tomasz Zielinski to temporarily act as members of the management board.お知らせ • Feb 07Orlen Announces Board ChangesOrlen's shareholders appointed the members of the supervisory board at extraordinary general meeting. On the recommendation of the State Treasury, the members chosen are the following: Michal Gajdus, Ewa Gasiorek, Katarzyna Lobos, Kazimierz Mordaszewski, Mikolaj Pietrzak, Wojciech Popiolek, Ireneusz Sitarski, Tomasz Sojka and Tomasz Zielinski. Jan Wozniak, proposed by Nationale-Nederlanden OFE, has not been appointed to the board. The general meeting set the number of members of the new supervisory board at 10, but shareholders appointed only nine people.Wojciech Popiolek has become the chairman of the supervisory board. At the same time, the general meeting dismissed eight people from the existing supervisory board, headed by ex-chairman Wojciech Jasinski. Patrycja Klarecka, Jan Szewczak, Armen Artwich and Roman Rog also resigned from the board.お知らせ • Feb 06Jan Szewczak Steps Down as Member of Orlen's Management BoardJan Szewczak stepped down from his position as a member of Orlen's management board, effective February 5, 2024. Szewczak was a member of the management board for finance.Buy Or Sell Opportunity • Feb 06Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at €14.83. The fair value is estimated to be €18.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 55% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to decline by 9.8% per annum. Earnings are also forecast to decline by 18% per annum over the same time period.お知らせ • Feb 05Orlen S.A. Announces Board ResignationsOrlen S.A. announced that Patrycja Klarecka and Armen Artwich have decided to step down as members of Orlen's management board, with immediate effect (till the end of the day). On Michal Rog also resigned as a member of the company's management board, effective, February 5, 2024.お知らせ • Feb 02Orlen Group Dismisses CEO, Daniel Obajtek Effective February 5, 2024Orlen Group's supervisory board dismissed CEO Daniel Obajtek from the management board with effect from the end of the day February 5, 2024. The company announced that the company's supervisory board, after reviewing the letter of the President of Orlen's management board, Mr. Daniel Obajtek, where he declared that +he placed himself at the disposal of the company's supervisory board in the scope of the performed function+, decided to dismiss Mr. Daniel Obajtek from the Orlen's management board with effect from the end of the day, February, 5th 2024.お知らせ • Dec 15Poland's Minister of State Assets Dismisses Janina Goss from Supervisory Board of OrlenPoland's Minister of State Assets, on behalf of the State Treasury shareholder, dismissed Janina Goss from Orlen's supervisory board, the company said in a market filing.お知らせ • Dec 14Daniel Obajtek is Expected to Resign as Orlen Group's CEOPoland's Minister of State Assets, Borys Budka, expects the swift resignation of Daniel Obajtek as CEO of listed energy concern Orlen, the minister said at the briefing.お知らせ • Nov 23+ 4 more updatesOrlen S.A. to Report Q1, 2024 Results on May 23, 2024Orlen S.A. announced that they will report Q1, 2024 results on May 23, 2024お知らせ • Nov 15Orlen Reportedly in Advanced Talks to Buy Kuwait Foreign Petroleum's Norwegian AssetsPolish state-controlled oil and gas group Orlen S.A. (WSE:PKN) is in advanced talks to buy Kuwait Foreign Petroleum Exploration Company K.S.C.’s (KUFPEC) stakes in assets on the Norwegian continental shelf, four sources familiar with the process said. Operating under the name of PGNiG Upstream in Norway, Orlen has been prioritising gas assets to fill up a new pipeline carrying Norwegian gas to Poland via Denmark. PGNiG Upstream has a 14.02% stake in Norway's second largest gas field, Ormen Lange, which is operated by Shell plc (LSE:SHEL). KUFPEC hired Scotiabank (The Bank of Nova Scotia (TSX:BNS)) earlier this year to manage the sale process for its Norwegian assets as part of its focus on newer exploration and production hubs. The sale was expected to raise $300 million, sources told Reuters in May. Orlen said on November 14, 2023 that it is constantly monitoring foreign markets in search of acquisition opportunities that match with assets already held, but declined to confirm the talks on KUFPEC's assets. "All decisions regarding possible investments or capital involvement are made in accordance with corporate governance and communicated primarily through the group's official communication channels," the company said in response to Reuters questions. KUFPEC was not immediately available for comment.Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: zł2.98 (vs zł20.24 in 3Q 2022)Third quarter 2023 results: EPS: zł2.98 (down from zł20.24 in 3Q 2022). Revenue: zł75.4b (up 3.3% from 3Q 2022). Net income: zł3.46b (down 73% from 3Q 2022). Profit margin: 4.6% (down from 17% in 3Q 2022). Revenue is expected to decline by 10% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.7%. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 21ORLEN Announces the Resignation of Michal Klimaszewski as Supervisory Board Member, Effective October 31, 2023On 20 October 2023 Mr. Michal Klimaszewski submitted a resignation with the effect from the end of 31 October 2023 from the position of ORLEN Supervisory Board Member.お知らせ • Oct 14Orlen S.A. (WSE:PKN) acquired Ujazd, Dobrzyca, and Dominowo wind farms in Poland from EDP RENEWABLES Polska Sp. z o.o.Orlen S.A. (WSE:PKN) acquired Ujazd, Dobrzyca, and Dominowo wind farms in Poland from EDP RENEWABLES Polska Sp. z o.o. on October 12, 2023. The wind farms have a total capacity of more than 140 MW. Orlen S.A. (WSE:PKN) completed the acquisition of Ujazd, Dobrzyca, and Dominowo wind farms in Poland from EDP RENEWABLES Polska Sp. z o.o. on October 12, 2023.お知らせ • Sep 27Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) acquired DOPPLER Energie GmbH from Doppler Beteiligungs Gmbh.Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) concluded the agreement to acquire DOPPLER Energie GmbH from Doppler Beteiligungs Gmbh on July 4, 2023. The terms and conditions of the Agreement do not deviate from the terms and conditions commonly applicable to this type of agreements. The closing of the transaction will take place after fulfillment of the conditions described in the Agreement, including receiving approvals from the relevant antitrust authorities and is planned for the turn of 2023 and 2024.Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) completed the acquisition of DOPPLER Energie GmbH from Doppler Beteiligungs Gmbh on September 26, 2023.Buying Opportunity • Sep 26Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be €16.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Earnings per share has grown by 47%. For the next 3 years, revenue is forecast to decline by 9.1% per annum. Earnings is also forecast to decline by 29% per annum over the same time period.お知らせ • Sep 19Orlen S.A. (WSE:PKN) signed a preliminary deal to acquire a 74.11% stake in Energop Sp Z O O from Agencja Rozwoju Pomorza S.A.Orlen S.A. (WSE:PKN) signed a preliminary deal to acquire a 74.11% stake in Energop Sp Z O O from Agencja Rozwoju Pomorza S.A. on September 18, 2023. The remaining stake is controlled by the Treasury. The deal is conditional on the consent from the antitrust body UOKiK.Buying Opportunity • Sep 06Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 7.3%. The fair value is estimated to be €16.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Earnings per share has grown by 47%. For the next 3 years, revenue is forecast to decline by 10% per annum. Earnings is also forecast to decline by 31% per annum over the same time period.Upcoming Dividend • Aug 02Upcoming dividend of zł5.50 per share at 7.7% yieldEligible shareholders must have bought the stock before 09 August 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 7.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.2%).お知らせ • Jul 27Tauron Negotiates with OrlenTAURON Polska Energia S.A. (WSE:TPE) has started talks with the Orlen S.A. (WSE:PKN) (ORLEN Group) regarding the sale of shares in the combined heat and power plant in Stalowa Wola, and as part of the settlement, Tauron may acquire PGNiG TERMIKA Energetyka Przemyslowa S.A., a unit of Polish Oil and Gas Company (PGNiG), which in turn is a unit of the ORLEN Group. Commenting on the deal, Tauron Group's CEO Pawel Szczeszek notes that it is obvious that the group would be interested in Termika given Tauron's commitment to strengthen and develop its district heating segment in Slaskie Province.お知らせ • Jul 06+ 1 more updatePolski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) agreed to acquire 266 Petrol Stations in Austria from Doppler Beteiligungs Gmbh.Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) agreed to acquire 266 Petrol Stations in Austria from Doppler Beteiligungs Gmbh on July 4, 2023. Transaction is subject to approvals from the relevant antitrust authorities. The transaction is expected to close at the end of 2023 or the beginning of 2024.お知らせ • Jun 09Orlen Eyes Takeover of Grupa Azoty PulawyPolski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) and Grupa Azoty S.A. (WSE:ATT) have announced that they started talks with a view to a potential acquisition of the fertiliser maker Grupa Azoty Pulawy (Grupa Azoty Zaklady Azotowe "Pulawy" S.A) by Orlen, which said that if due diligence results were positive, the deal might be finalised by the end of 2023. Commenting on the matter, PKN Orlen's CEO Daniel Obajtek stressed that Orlen had by far greater capacity to stabilise the situation on the fertiliser market and that it also had a track record in such segments as gas trade and petrochemicals. "We count on synergies between Grupa Azoty Pulawy and Orlen on many levels," he added. Meanwhile, Grupa Azoty's CEO Tomasz Hinc noted that he hoped that the talks would be constructive and successful.お知らせ • May 27Polski Koncern Naftowy ORLEN Spólka Akcyjna, Annual General Meeting, Jun 21, 2023Polski Koncern Naftowy ORLEN Spólka Akcyjna, Annual General Meeting, Jun 21, 2023, at 10:00 Central European Standard Time.Reported Earnings • May 26First quarter 2023 earnings released: EPS: zł7.76 (vs zł6.48 in 1Q 2022)First quarter 2023 results: EPS: zł7.76 (up from zł6.48 in 1Q 2022). Revenue: zł110.3b (up 143% from 1Q 2022). Net income: zł9.01b (up 225% from 1Q 2022). Profit margin: 8.2% (up from 6.1% in 1Q 2022). Revenue is expected to decline by 12% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Buying Opportunity • Mar 14Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.6%. The fair value is estimated to be €15.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 60%. For the next 3 years, revenue is forecast to decline by 3.2% per annum. Earnings is also forecast to decline by 37% per annum over the same time period.Reported Earnings • Feb 26Full year 2022 earnings released: EPS: zł30.43 (vs zł26.00 in FY 2021)Full year 2022 results: EPS: zł30.43 (up from zł26.00 in FY 2021). Revenue: zł278.5b (up 112% from FY 2021). Net income: zł35.3b (up 218% from FY 2021). Profit margin: 13% (up from 8.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.2%. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • Feb 16PKN Orlen Fuels Discovers New 500 MCM Nat Gas DepositPKN Orlen discovered a new 500 mcm natural gas deposit in Lubelskie region.Buying Opportunity • Feb 03Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €16.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 61%. For the next 3 years, revenue is forecast to decline by 4.7% per annum. Earnings is also forecast to decline by 23% per annum over the same time period.お知らせ • Jan 27Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) acquired PGNiG Energia SA. Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) acquired PGNiG Energia SA on January 25, 2023. Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) completed the acquisition of PGNiG Energia SA on January 25, 2023.お知らせ • Jan 20Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) agreed to acquire 17 service stations in Bavaria and Baden-Württemberg.Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) agreed to acquire 17 service stations in Bavaria and Baden-Württemberg on January 19, 2023. The transaction will be funded with proceeds from the sale of part of LOTOS service stations. The rebranding process will be completed within three months of the acquisition. The acquisition is expected to close by the end of February after the Group obtains clearance from the German antitrust authority and other approvals.お知らせ • Dec 15Polski Koncern Naftowy ORLEN Spólka Akcyjna to Report Q3, 2023 Results on Nov 09, 2023Polski Koncern Naftowy ORLEN Spólka Akcyjna announced that they will report Q3, 2023 results on Nov 09, 2023Reported Earnings • Dec 01Third quarter 2022 earnings released: EPS: zł20.24 (vs zł6.80 in 3Q 2021)Third quarter 2022 results: EPS: zł20.24 (up from zł6.80 in 3Q 2021). Revenue: zł73.0b (up 100% from 3Q 2021). Net income: zł12.7b (up 336% from 3Q 2021). Profit margin: 17% (up from 8.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 5.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 06Second quarter 2022 earnings released: EPS: zł8.44 (vs zł5.20 in 2Q 2021)Second quarter 2022 results: EPS: zł8.44 (up from zł5.20 in 2Q 2021). Revenue: zł57.8b (up 97% from 2Q 2021). Net income: zł3.61b (up 62% from 2Q 2021). Profit margin: 6.2% (down from 7.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 32% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jul 19Upcoming dividend of zł3.50 per shareEligible shareholders must have bought the stock before 26 July 2022. Payment date: 03 October 2022. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.4%).Buying Opportunity • Jul 09Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.2%. The fair value is estimated to be €18.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 36%. For the next 3 years, revenue is forecast to decline by 5.6% per annum. Earnings is also forecast to decline by 19% per annum over the same time period.Reported Earnings • Apr 29First quarter 2022 earnings released: EPS: zł6.48 (vs zł4.32 in 1Q 2021)First quarter 2022 results: EPS: zł6.48 (up from zł4.32 in 1Q 2021). Revenue: zł45.4b (up 85% from 1Q 2021). Net income: zł2.77b (up 50% from 1Q 2021). Profit margin: 6.1% (down from 7.5% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 2.9%, compared to a 44% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Buying Opportunity • Apr 07Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 2.9%. The fair value is estimated to be €20.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 8.2% in 2 years. Earnings is forecast to decline by 64% in the next 2 years.Reported Earnings • Apr 03Full year 2021 earnings released: EPS: zł26.00 (vs zł6.44 in FY 2020)Full year 2021 results: EPS: zł26.00 (up from zł6.44 in FY 2020). Revenue: zł131.3b (up 52% from FY 2020). Net income: zł11.1b (up 304% from FY 2020). Profit margin: 8.5% (up from 3.2% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 43% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Buying Opportunity • Mar 08Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 10%. The fair value is estimated to be zł19.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 18% per annum over the last 3 years.株主還元PKY1DE Oil and GasDE 市場7D-0.7%-0.3%2.4%1Y101.1%60.4%1.2%株主還元を見る業界別リターン: PKY1過去 1 年間で60.4 % の収益を上げたGerman Oil and Gas業界を上回りました。リターン対市場: PKY1過去 1 年間で1.2 % の収益を上げたGerman市場を上回りました。価格変動Is PKY1's price volatile compared to industry and market?PKY1 volatilityPKY1 Average Weekly Movement6.7%Oil and Gas Industry Average Movement9.0%Market Average Movement6.1%10% most volatile stocks in DE Market13.4%10% least volatile stocks in DE Market2.7%安定した株価: PKY1 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: PKY1の 週次ボラティリティ ( 7% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト199966,226Ireneusz Fafarawww.orlen.pl石油精製、石油化学、エネルギー、小売、ガス、石油上流事業を行っている。原油などの精製製品の加工・卸売、燃料・石油・化学製品・石油化学製品の生産・販売およびサポートサービスの提供、太陽光発電を含む従来型エネルギーおよび再生可能エネルギーによる電力・熱、天然ガスの生産・配給・販売、電力取引、鉱物資源の探査・採掘、天然ガスの探査・生産・輸入、ガス・液化ガスの取引・貯蔵などを行っている。また、炭化水素の探査、認識、抽出、給油所活動、輸送、メンテナンス、オーバーホール、研究所、警備、設計、管理、宅配便、保険、金融サービスの提供、報道配信、新聞やウェブサイトなどのメディア活動も行っている。ガソリン、ディーゼル、LPG、バイオ燃料、航空・船舶用燃料、ヒーティングオイル、フェノール、ベンゼン、パラキシレン、高純度テレフタル酸、ベンゼントウレン留分、ナフタレン濃縮物を含む芳香族、オレフィン、ポリエチレンを含むポリオレフィン；ポリ塩化ビニル・ポランビル、コンパウンド・クレオビル、PVCネラリットなどのプラスチック、グリコール、窒素肥料、アセトン、エチレンオキシド、マスターバッチ、アドバンスト・テクニカル・カーボンブラック・チェザカーブ、カプロラクタム、ソーダ灰汁、次亜塩素酸ナトリウムなどのその他の製品。さらに、基油、自動車・オートバイ用油、トラック用油、船舶用油、工業用油、農業用油、パラフィン、溶剤、食卓塩、酸洗塩、ヨウ素添加食卓塩、飼料塩、スクラップ塩、工業用塩、工業用食塩かん水、食器洗い機用食塩顆粒、アスファルトも提供している。旧社名はPolski Koncern Naftowy ORLEN S.A.で、2023年7月に社名をOrlen S.A.に変更した。同社は1999年に設立され、ポーランドのプロックに本社を置いている。もっと見るOrlen S.A. 基礎のまとめOrlen の収益と売上を時価総額と比較するとどうか。PKY1 基礎統計学時価総額€39.26b収益（TTM）€597.16m売上高(TTM)€63.19b65.7xPER（株価収益率0.6xP/SレシオPKY1 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計PKY1 損益計算書（TTM）収益zł267.83b売上原価zł220.21b売上総利益zł47.62bその他の費用zł45.09b収益zł2.53b直近の収益報告Dec 31, 2025次回決算日May 28, 2026一株当たり利益（EPS）2.18グロス・マージン17.78%純利益率0.95%有利子負債／自己資本比率17.6%PKY1 の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.2%現在の配当利回り108%配当性向PKY1 配当は確実ですか？PKY1 配当履歴とベンチマークを見るPKY1 、いつまでに購入すれば配当金を受け取れますか？Orlen 配当日配当落ち日Jun 17 2026配当支払日Jun 25 2026配当落ちまでの日数23 days配当支払日までの日数31 daysPKY1 配当は確実ですか？PKY1 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/25 04:39終値2026/05/22 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Orlen S.A. 9 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。21 アナリスト機関Robert BateBarclaysYuriy KukhtanychBerenbergKamil KliszczBiuro maklerskie mBanku18 その他のアナリストを表示
お知らせ • May 15Orlen S.A., Annual General Meeting, Jun 09, 2026Orlen S.A., Annual General Meeting, Jun 09, 2026, at 11:00 Central European Standard Time.
お知らせ • Dec 18+ 4 more updatesOrlen S.A. to Report Q4, 2025 Results on Feb 19, 2026Orlen S.A. announced that they will report Q4, 2025 results at 8:30 AM, Central European Standard Time on Feb 19, 2026
お知らせ • May 09Orlen S.A., Annual General Meeting, Jun 05, 2025Orlen S.A., Annual General Meeting, Jun 05, 2025.
お知らせ • Feb 27ORLEN Seeks to Acquire Grupa Azoty PolyolefinsOrlen S.A. (WSE:PKN) (ORLEN Group)'s press office has said that the group's ambition is to strengthen its leading position in the production of plastics in Central and Eastern Europe, which will be possible not only by increasing manufacturing capacity, but also by developing advanced petrochemical products. Meanwhile, the group continues to analyse a potential acquisition of Grupa Azoty Polyolefins, with the negotiations, ongoing already for five months, and due diligence expected to be completed by the end of next month.
お知らせ • Jan 18+ 4 more updatesOrlen S.A. to Report First Half, 2025 Results on Aug 21, 2025Orlen S.A. announced that they will report first half, 2025 results on Aug 21, 2025
お知らせ • Nov 14The Norwegian energy ministry signed an agreement to acquire remaining 53.30% stake in GASSCO from Shell, CapeOmega, ConocoPhilipps, Equinor, Hav Energy, Orlen and Silex for NOK 18.1 billion.The Norwegian energy ministry signed an agreement to acquire remaining 53.30% stake in GASSCO from Shell, CapeOmega, ConocoPhilipps, Equinor, Hav Energy, Orlen and Silex for NOK 18.1 billion on January 1, 2024. Under the terms, seven companies came to an agreement with the government, two groups rejected the offer. North Sea Infrastructure and M Vest Energy did not agree to a sale and maintain their stakes. The agreement lifts the Norwegian state's stake in Gassled to 100% from 46.7% previously. The government remains determined to acquire these remaining stakes, either through negotiation or by exercising its rights at the end of the current concession period.
お知らせ • May 15Orlen S.A., Annual General Meeting, Jun 09, 2026Orlen S.A., Annual General Meeting, Jun 09, 2026, at 11:00 Central European Standard Time.
お知らせ • Dec 18+ 4 more updatesOrlen S.A. to Report Q4, 2025 Results on Feb 19, 2026Orlen S.A. announced that they will report Q4, 2025 results at 8:30 AM, Central European Standard Time on Feb 19, 2026
お知らせ • May 09Orlen S.A., Annual General Meeting, Jun 05, 2025Orlen S.A., Annual General Meeting, Jun 05, 2025.
お知らせ • Feb 27ORLEN Seeks to Acquire Grupa Azoty PolyolefinsOrlen S.A. (WSE:PKN) (ORLEN Group)'s press office has said that the group's ambition is to strengthen its leading position in the production of plastics in Central and Eastern Europe, which will be possible not only by increasing manufacturing capacity, but also by developing advanced petrochemical products. Meanwhile, the group continues to analyse a potential acquisition of Grupa Azoty Polyolefins, with the negotiations, ongoing already for five months, and due diligence expected to be completed by the end of next month.
お知らせ • Jan 18+ 4 more updatesOrlen S.A. to Report First Half, 2025 Results on Aug 21, 2025Orlen S.A. announced that they will report first half, 2025 results on Aug 21, 2025
お知らせ • Nov 14The Norwegian energy ministry signed an agreement to acquire remaining 53.30% stake in GASSCO from Shell, CapeOmega, ConocoPhilipps, Equinor, Hav Energy, Orlen and Silex for NOK 18.1 billion.The Norwegian energy ministry signed an agreement to acquire remaining 53.30% stake in GASSCO from Shell, CapeOmega, ConocoPhilipps, Equinor, Hav Energy, Orlen and Silex for NOK 18.1 billion on January 1, 2024. Under the terms, seven companies came to an agreement with the government, two groups rejected the offer. North Sea Infrastructure and M Vest Energy did not agree to a sale and maintain their stakes. The agreement lifts the Norwegian state's stake in Gassled to 100% from 46.7% previously. The government remains determined to acquire these remaining stakes, either through negotiation or by exercising its rights at the end of the current concession period.
お知らせ • Aug 22Orlen Energy Assumes Restart of Operations At Litvinov Refinery for Early SeptemberOrlen tentatively assumes that the restart of operations at the Plock group-owned refinery in Litvinov in Czech Republic will take place in the beginning of September, Orlen deputy CEO Magdalena Bartos told a press conference. PKN Orlen's Litvinov refinery in the Czech Republic halted production after an unexploded World War II aerial bomb was found. More than 500 people were evacuated from the plant. Traffic was halted on the road from Most to Litvinov, as well as city and rail transport. According to the latest information from the Czech police, the unexploded bomb will remain on site until August 27. Until that date, transport restrictions are in place.
お知らせ • Aug 06Orlen Shareholders Files Lawsuits to Overturn Resolutions Not to Discharge Former Board MembersOrlen shareholders filed lawsuits to the Regional Court in Lodz to declare invalid or revoke resolutions adopted by the ordinary general meeting on June 25, 2024, not to grant discharge for 2023 to 8 former members of the management board and 2 members of the supervisory board, the company said in a market filing. In Orlen's opinion, the lawsuits are unfounded. The lawsuit concerns former board members: Armen Konrad Artwich, Patrycja Klarecka, Michal Rog, Jan Szewczak, Jozef Wegrecki, Piotr Sabat, Krzysztof Nowicki, Robert Perkowski and former supervisory board members Andrzej Szumanski and Michal Klimaszewski, Orlen shareholders decided on June 25 not to grant discharge for 2023 to all former members of the management board, including Daniel Obajtek and all former members of the company's supervisory board. The general meeting did not grant a discharge for the 2023 financial year to CEO Daniel Obajtek and the other board members: Armen Artwich, Adam Burak, Patrycja Klarecka, Michal Rog, Jan Szewczak, Jozef Wegrecki, Piotr Sabat, Krzysztof Nowicki, Iwona Waksmundzka-Olejniczak and Robert Perkowski. Most of the previous board ceased to hold office in February 2024. Shareholders did not discharge the members of the previous supervisory board for the 2023 financial year: the head Wojciech Jasinski, Andrzej Szumanski, Anna Wojcik, Barbara Jarzembowska, Andrzej Kapala, Michal Klimaszewski, Roman Kusz, Jadwiga Lesisz, Anna Sakowicz-Kacz and Janina Goss. The supervisory board in this composition was dismissed on February 6, 2024.
お知らせ • Jun 14Orlen S.A. Announces Board AppointmentsOrlen S.A.'s supervisory board has appointed Artur Osuchowski as management board member for energy and energy transition from June 13, 2024 and Marek Balawejder as board member for wholesale and logistics from August 1.
お知らせ • May 31Orlen S.A., Annual General Meeting, Jun 25, 2024Orlen S.A., Annual General Meeting, Jun 25, 2024.
お知らせ • May 16Orlen Announces Management ChangesOrlen announced Witold Literacki has been appointed as company's new deputy CEO for corporate affairs and Ireneusz Sitarski - as the deputy CEO for retail sales. Both Witold Literacki and Ireneusz Sitarski have simultaneously resigned as members of the company's supervisory board.
Reported Earnings • Apr 28Full year 2023 earnings released: EPS: zł17.81 (vs zł34.18 in FY 2022)Full year 2023 results: EPS: zł17.81 (down from zł34.18 in FY 2022). Revenue: zł372.8b (up 32% from FY 2022). Net income: zł20.7b (down 48% from FY 2022). Profit margin: 5.5% (down from 14% in FY 2022). Revenue is forecast to decline by 6.7% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 28Orlen S.A. Recommends Dividend Payment for the Year 2023Orlen S.A. recommended a dividend of PLN 4.818 billion (EUR 1.1 billion) for 2023, or PLN 4.15 (EUR 0.96) per share. The remaining amount from the net profit for 2023 would go to the reserve capital. For 2022, Orlen paid a dividend of PLN 5.5 (EUR 1.27) per share, or a total of almost PLN 6.4 billion (EUR 1.5 billion).
お知らせ • Apr 17Orlen S.A. Announces Board ChangesOrlen S.A. has appointed Magdalena Bartos and Robert Soszynski as deputy CEO and Wieslaw Prugar as board member for upstream. Magdalena Bartos will be Orlen's deputy CEO for finance and Robert Soszynski will be deputy CEO for strategy and sustainable development. Jozef Wegrecki was dismissed from his position as a member of Orlen's management board as of April 30.
お知らせ • Apr 11Orlen S.A. Appoints Ireneusz Fafara as New CEOOrlen S.A. elected Ireneusz Fafara as its new CEO after dismissing Daniel Obajtek from the post in early February. Fafara was appointed to the management board's joint term of office, which ends on the date that the Ordinary General Meeting approves the company's financial statements for 2025. The appointment is effective April 11. Fafara is an expert with knowledge of the fuel sector and the challenges related to energy transformation. In the years 2010-2018, he was the president of Orlen Lietuva, the company's Lithuanian subsidiary operating the only petroleum refinery in the Baltic states. Since June 2020, he has been the president of 4Cell Therapies, a company in the medical sector. Obajtek, the CEO of Orlen of six years, was dismissed by the group's supervisory board on February 1, effective February 5. For many in the new government Obajtek was seen as being too close to the old Law and Justice government, which lost power in October's general election. He was also dogged by controversies surrounding his assets and the sale by Orlen of a stake in the Lotos refinery to a Saudi Arabian company.
お知らせ • Mar 15Operator Gazociagow Przesylowych GAZ-SYSTEM Sp. z o.o. has concluded an agreement to acquire Operator Systemu Magazynowania Sp. Z O.o. from Orlen S.A. (WSE:PKN).Operator Gazociagow Przesylowych GAZ-SYSTEM Sp. z o.o. has concluded an agreement to acquire Operator Systemu Magazynowania Sp. Z O.o. from Orlen S.A. (WSE:PKN) on March 15, 2024. The concluded agreement concerns the disposal of the storage system operator only, while the storage facilities themselves remain the property of Orlen Group. Orlen has entered into an agreement with Gas Storage Poland under which the company manages the capacities of the company's underground gas storage facilities located in Kosakowo, Mogilno, Wierzchowice, Brzeznica, Swarzow, Husow and Strachocina. The acquisition of the shares is conditional on UOKiK's approval of the concentration. In February, Orlen's EGM gave its approval for the sale of shares in Gas Storage Poland.
Reported Earnings • Feb 23Full year 2023 earnings released: EPS: zł23.73 (vs zł30.43 in FY 2022)Full year 2023 results: EPS: zł23.73 (down from zł30.43 in FY 2022). Revenue: zł372.6b (up 34% from FY 2022). Net income: zł27.6b (down 22% from FY 2022). Profit margin: 7.4% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 12% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 22Orlen Recommends Base Dividend for 2023Orlen recommend a base dividend of PLN 4.15 (EUR 0.96) per share from the 2023 net profit.
お知らせ • Feb 15Orlen S.A. Announces Executive ChangesOrlen S.A. announced that on February 6, Witold Literacki, appointed by the Minister of State Assets to Orlen's management board, was appointed by the supervisory board as acting CEO of the company. The supervisory board also decided to delegate three members of the supervisory board as of February 7: Kazimierz Mordaszewski, Tomasz Sojka and Tomasz Zielinski to temporarily act as members of the management board.
お知らせ • Feb 07Orlen Announces Board ChangesOrlen's shareholders appointed the members of the supervisory board at extraordinary general meeting. On the recommendation of the State Treasury, the members chosen are the following: Michal Gajdus, Ewa Gasiorek, Katarzyna Lobos, Kazimierz Mordaszewski, Mikolaj Pietrzak, Wojciech Popiolek, Ireneusz Sitarski, Tomasz Sojka and Tomasz Zielinski. Jan Wozniak, proposed by Nationale-Nederlanden OFE, has not been appointed to the board. The general meeting set the number of members of the new supervisory board at 10, but shareholders appointed only nine people.Wojciech Popiolek has become the chairman of the supervisory board. At the same time, the general meeting dismissed eight people from the existing supervisory board, headed by ex-chairman Wojciech Jasinski. Patrycja Klarecka, Jan Szewczak, Armen Artwich and Roman Rog also resigned from the board.
お知らせ • Feb 06Jan Szewczak Steps Down as Member of Orlen's Management BoardJan Szewczak stepped down from his position as a member of Orlen's management board, effective February 5, 2024. Szewczak was a member of the management board for finance.
Buy Or Sell Opportunity • Feb 06Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at €14.83. The fair value is estimated to be €18.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 55% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to decline by 9.8% per annum. Earnings are also forecast to decline by 18% per annum over the same time period.
お知らせ • Feb 05Orlen S.A. Announces Board ResignationsOrlen S.A. announced that Patrycja Klarecka and Armen Artwich have decided to step down as members of Orlen's management board, with immediate effect (till the end of the day). On Michal Rog also resigned as a member of the company's management board, effective, February 5, 2024.
お知らせ • Feb 02Orlen Group Dismisses CEO, Daniel Obajtek Effective February 5, 2024Orlen Group's supervisory board dismissed CEO Daniel Obajtek from the management board with effect from the end of the day February 5, 2024. The company announced that the company's supervisory board, after reviewing the letter of the President of Orlen's management board, Mr. Daniel Obajtek, where he declared that +he placed himself at the disposal of the company's supervisory board in the scope of the performed function+, decided to dismiss Mr. Daniel Obajtek from the Orlen's management board with effect from the end of the day, February, 5th 2024.
お知らせ • Dec 15Poland's Minister of State Assets Dismisses Janina Goss from Supervisory Board of OrlenPoland's Minister of State Assets, on behalf of the State Treasury shareholder, dismissed Janina Goss from Orlen's supervisory board, the company said in a market filing.
お知らせ • Dec 14Daniel Obajtek is Expected to Resign as Orlen Group's CEOPoland's Minister of State Assets, Borys Budka, expects the swift resignation of Daniel Obajtek as CEO of listed energy concern Orlen, the minister said at the briefing.
お知らせ • Nov 23+ 4 more updatesOrlen S.A. to Report Q1, 2024 Results on May 23, 2024Orlen S.A. announced that they will report Q1, 2024 results on May 23, 2024
お知らせ • Nov 15Orlen Reportedly in Advanced Talks to Buy Kuwait Foreign Petroleum's Norwegian AssetsPolish state-controlled oil and gas group Orlen S.A. (WSE:PKN) is in advanced talks to buy Kuwait Foreign Petroleum Exploration Company K.S.C.’s (KUFPEC) stakes in assets on the Norwegian continental shelf, four sources familiar with the process said. Operating under the name of PGNiG Upstream in Norway, Orlen has been prioritising gas assets to fill up a new pipeline carrying Norwegian gas to Poland via Denmark. PGNiG Upstream has a 14.02% stake in Norway's second largest gas field, Ormen Lange, which is operated by Shell plc (LSE:SHEL). KUFPEC hired Scotiabank (The Bank of Nova Scotia (TSX:BNS)) earlier this year to manage the sale process for its Norwegian assets as part of its focus on newer exploration and production hubs. The sale was expected to raise $300 million, sources told Reuters in May. Orlen said on November 14, 2023 that it is constantly monitoring foreign markets in search of acquisition opportunities that match with assets already held, but declined to confirm the talks on KUFPEC's assets. "All decisions regarding possible investments or capital involvement are made in accordance with corporate governance and communicated primarily through the group's official communication channels," the company said in response to Reuters questions. KUFPEC was not immediately available for comment.
Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: zł2.98 (vs zł20.24 in 3Q 2022)Third quarter 2023 results: EPS: zł2.98 (down from zł20.24 in 3Q 2022). Revenue: zł75.4b (up 3.3% from 3Q 2022). Net income: zł3.46b (down 73% from 3Q 2022). Profit margin: 4.6% (down from 17% in 3Q 2022). Revenue is expected to decline by 10% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.7%. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 21ORLEN Announces the Resignation of Michal Klimaszewski as Supervisory Board Member, Effective October 31, 2023On 20 October 2023 Mr. Michal Klimaszewski submitted a resignation with the effect from the end of 31 October 2023 from the position of ORLEN Supervisory Board Member.
お知らせ • Oct 14Orlen S.A. (WSE:PKN) acquired Ujazd, Dobrzyca, and Dominowo wind farms in Poland from EDP RENEWABLES Polska Sp. z o.o.Orlen S.A. (WSE:PKN) acquired Ujazd, Dobrzyca, and Dominowo wind farms in Poland from EDP RENEWABLES Polska Sp. z o.o. on October 12, 2023. The wind farms have a total capacity of more than 140 MW. Orlen S.A. (WSE:PKN) completed the acquisition of Ujazd, Dobrzyca, and Dominowo wind farms in Poland from EDP RENEWABLES Polska Sp. z o.o. on October 12, 2023.
お知らせ • Sep 27Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) acquired DOPPLER Energie GmbH from Doppler Beteiligungs Gmbh.Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) concluded the agreement to acquire DOPPLER Energie GmbH from Doppler Beteiligungs Gmbh on July 4, 2023. The terms and conditions of the Agreement do not deviate from the terms and conditions commonly applicable to this type of agreements. The closing of the transaction will take place after fulfillment of the conditions described in the Agreement, including receiving approvals from the relevant antitrust authorities and is planned for the turn of 2023 and 2024.Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) completed the acquisition of DOPPLER Energie GmbH from Doppler Beteiligungs Gmbh on September 26, 2023.
Buying Opportunity • Sep 26Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be €16.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Earnings per share has grown by 47%. For the next 3 years, revenue is forecast to decline by 9.1% per annum. Earnings is also forecast to decline by 29% per annum over the same time period.
お知らせ • Sep 19Orlen S.A. (WSE:PKN) signed a preliminary deal to acquire a 74.11% stake in Energop Sp Z O O from Agencja Rozwoju Pomorza S.A.Orlen S.A. (WSE:PKN) signed a preliminary deal to acquire a 74.11% stake in Energop Sp Z O O from Agencja Rozwoju Pomorza S.A. on September 18, 2023. The remaining stake is controlled by the Treasury. The deal is conditional on the consent from the antitrust body UOKiK.
Buying Opportunity • Sep 06Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 7.3%. The fair value is estimated to be €16.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Earnings per share has grown by 47%. For the next 3 years, revenue is forecast to decline by 10% per annum. Earnings is also forecast to decline by 31% per annum over the same time period.
Upcoming Dividend • Aug 02Upcoming dividend of zł5.50 per share at 7.7% yieldEligible shareholders must have bought the stock before 09 August 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 7.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.2%).
お知らせ • Jul 27Tauron Negotiates with OrlenTAURON Polska Energia S.A. (WSE:TPE) has started talks with the Orlen S.A. (WSE:PKN) (ORLEN Group) regarding the sale of shares in the combined heat and power plant in Stalowa Wola, and as part of the settlement, Tauron may acquire PGNiG TERMIKA Energetyka Przemyslowa S.A., a unit of Polish Oil and Gas Company (PGNiG), which in turn is a unit of the ORLEN Group. Commenting on the deal, Tauron Group's CEO Pawel Szczeszek notes that it is obvious that the group would be interested in Termika given Tauron's commitment to strengthen and develop its district heating segment in Slaskie Province.
お知らせ • Jul 06+ 1 more updatePolski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) agreed to acquire 266 Petrol Stations in Austria from Doppler Beteiligungs Gmbh.Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) agreed to acquire 266 Petrol Stations in Austria from Doppler Beteiligungs Gmbh on July 4, 2023. Transaction is subject to approvals from the relevant antitrust authorities. The transaction is expected to close at the end of 2023 or the beginning of 2024.
お知らせ • Jun 09Orlen Eyes Takeover of Grupa Azoty PulawyPolski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) and Grupa Azoty S.A. (WSE:ATT) have announced that they started talks with a view to a potential acquisition of the fertiliser maker Grupa Azoty Pulawy (Grupa Azoty Zaklady Azotowe "Pulawy" S.A) by Orlen, which said that if due diligence results were positive, the deal might be finalised by the end of 2023. Commenting on the matter, PKN Orlen's CEO Daniel Obajtek stressed that Orlen had by far greater capacity to stabilise the situation on the fertiliser market and that it also had a track record in such segments as gas trade and petrochemicals. "We count on synergies between Grupa Azoty Pulawy and Orlen on many levels," he added. Meanwhile, Grupa Azoty's CEO Tomasz Hinc noted that he hoped that the talks would be constructive and successful.
お知らせ • May 27Polski Koncern Naftowy ORLEN Spólka Akcyjna, Annual General Meeting, Jun 21, 2023Polski Koncern Naftowy ORLEN Spólka Akcyjna, Annual General Meeting, Jun 21, 2023, at 10:00 Central European Standard Time.
Reported Earnings • May 26First quarter 2023 earnings released: EPS: zł7.76 (vs zł6.48 in 1Q 2022)First quarter 2023 results: EPS: zł7.76 (up from zł6.48 in 1Q 2022). Revenue: zł110.3b (up 143% from 1Q 2022). Net income: zł9.01b (up 225% from 1Q 2022). Profit margin: 8.2% (up from 6.1% in 1Q 2022). Revenue is expected to decline by 12% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Buying Opportunity • Mar 14Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.6%. The fair value is estimated to be €15.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 60%. For the next 3 years, revenue is forecast to decline by 3.2% per annum. Earnings is also forecast to decline by 37% per annum over the same time period.
Reported Earnings • Feb 26Full year 2022 earnings released: EPS: zł30.43 (vs zł26.00 in FY 2021)Full year 2022 results: EPS: zł30.43 (up from zł26.00 in FY 2021). Revenue: zł278.5b (up 112% from FY 2021). Net income: zł35.3b (up 218% from FY 2021). Profit margin: 13% (up from 8.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.2%. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • Feb 16PKN Orlen Fuels Discovers New 500 MCM Nat Gas DepositPKN Orlen discovered a new 500 mcm natural gas deposit in Lubelskie region.
Buying Opportunity • Feb 03Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €16.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 61%. For the next 3 years, revenue is forecast to decline by 4.7% per annum. Earnings is also forecast to decline by 23% per annum over the same time period.
お知らせ • Jan 27Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) acquired PGNiG Energia SA. Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) acquired PGNiG Energia SA on January 25, 2023. Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) completed the acquisition of PGNiG Energia SA on January 25, 2023.
お知らせ • Jan 20Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) agreed to acquire 17 service stations in Bavaria and Baden-Württemberg.Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) agreed to acquire 17 service stations in Bavaria and Baden-Württemberg on January 19, 2023. The transaction will be funded with proceeds from the sale of part of LOTOS service stations. The rebranding process will be completed within three months of the acquisition. The acquisition is expected to close by the end of February after the Group obtains clearance from the German antitrust authority and other approvals.
お知らせ • Dec 15Polski Koncern Naftowy ORLEN Spólka Akcyjna to Report Q3, 2023 Results on Nov 09, 2023Polski Koncern Naftowy ORLEN Spólka Akcyjna announced that they will report Q3, 2023 results on Nov 09, 2023
Reported Earnings • Dec 01Third quarter 2022 earnings released: EPS: zł20.24 (vs zł6.80 in 3Q 2021)Third quarter 2022 results: EPS: zł20.24 (up from zł6.80 in 3Q 2021). Revenue: zł73.0b (up 100% from 3Q 2021). Net income: zł12.7b (up 336% from 3Q 2021). Profit margin: 17% (up from 8.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 5.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 06Second quarter 2022 earnings released: EPS: zł8.44 (vs zł5.20 in 2Q 2021)Second quarter 2022 results: EPS: zł8.44 (up from zł5.20 in 2Q 2021). Revenue: zł57.8b (up 97% from 2Q 2021). Net income: zł3.61b (up 62% from 2Q 2021). Profit margin: 6.2% (down from 7.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 32% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jul 19Upcoming dividend of zł3.50 per shareEligible shareholders must have bought the stock before 26 July 2022. Payment date: 03 October 2022. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.4%).
Buying Opportunity • Jul 09Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.2%. The fair value is estimated to be €18.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 36%. For the next 3 years, revenue is forecast to decline by 5.6% per annum. Earnings is also forecast to decline by 19% per annum over the same time period.
Reported Earnings • Apr 29First quarter 2022 earnings released: EPS: zł6.48 (vs zł4.32 in 1Q 2021)First quarter 2022 results: EPS: zł6.48 (up from zł4.32 in 1Q 2021). Revenue: zł45.4b (up 85% from 1Q 2021). Net income: zł2.77b (up 50% from 1Q 2021). Profit margin: 6.1% (down from 7.5% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 2.9%, compared to a 44% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Buying Opportunity • Apr 07Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 2.9%. The fair value is estimated to be €20.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 8.2% in 2 years. Earnings is forecast to decline by 64% in the next 2 years.
Reported Earnings • Apr 03Full year 2021 earnings released: EPS: zł26.00 (vs zł6.44 in FY 2020)Full year 2021 results: EPS: zł26.00 (up from zł6.44 in FY 2020). Revenue: zł131.3b (up 52% from FY 2020). Net income: zł11.1b (up 304% from FY 2020). Profit margin: 8.5% (up from 3.2% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 43% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Buying Opportunity • Mar 08Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 10%. The fair value is estimated to be zł19.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 18% per annum over the last 3 years.
