ENEA S.A.'s (WSE:ENA) Business Is Trailing The Industry But Its Shares Aren't
Apr 20
Polish (WIG) Market Analysis & Valuation
UpdatedApr 27, 2024
DataAggregated Company Financials
Companies653
- 7D0.6%
- 3M9.5%
- 1Y24.8%
- YTD6.8%
In the last week, the market has stayed flat, however the Consumer Staples sector stood out, gaining 3.4%. More promisingly, the market is up 25% over the past year. As for the next few years, earnings are expected to grow by 12% per annum.
Market Valuation and Performance
Has the Polish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Apr 2024 | zł873.3b | zł1.3t | zł76.9b | 11.9x | 11.4x | 0.7x |
| Mon, 25 Mar 2024 | zł857.3b | zł1.3t | zł85.1b | 12.3x | 10.1x | 0.7x |
| Wed, 21 Feb 2024 | zł863.1b | zł1.3t | zł89.1b | 12.7x | 9.7x | 0.7x |
| Fri, 19 Jan 2024 | zł798.6b | zł1.3t | zł90.6b | 12.4x | 8.8x | 0.6x |
| Sun, 17 Dec 2023 | zł832.4b | zł1.3t | zł91.3b | 12.8x | 9.1x | 0.6x |
| Tue, 14 Nov 2023 | zł765.0b | zł1.3t | zł91.4b | 12x | 8.4x | 0.6x |
| Thu, 12 Oct 2023 | zł719.6b | zł1.3t | zł88.0b | 12x | 8.2x | 0.6x |
| Sat, 09 Sep 2023 | zł719.1b | zł1.2t | zł93.5b | 12.6x | 7.7x | 0.6x |
| Mon, 07 Aug 2023 | zł781.8b | zł1.2t | zł93.9b | 13.2x | 8.3x | 0.6x |
| Wed, 05 Jul 2023 | zł743.7b | zł1.2t | zł92.7b | 12.9x | 8x | 0.6x |
| Fri, 02 Jun 2023 | zł708.4b | zł1.2t | zł92.5b | 12.3x | 7.7x | 0.6x |
| Sun, 30 Apr 2023 | zł703.1b | zł1.2t | zł91.2b | 11.9x | 7.7x | 0.6x |
| Tue, 28 Mar 2023 | zł635.5b | zł1.1t | zł93.4b | 11.3x | 6.8x | 0.6x |
| Thu, 23 Feb 2023 | zł658.4b | zł1.0t | zł81.5b | 11.1x | 8.1x | 0.6x |
| Sat, 21 Jan 2023 | zł683.4b | zł1.0t | zł76.8b | 10.6x | 8.9x | 0.7x |
| Mon, 19 Dec 2022 | zł632.1b | zł1.0t | zł76.9b | 10.1x | 8.2x | 0.6x |
| Wed, 16 Nov 2022 | zł605.3b | zł982.7b | zł76.0b | 9.7x | 8x | 0.6x |
| Fri, 14 Oct 2022 | zł521.7b | zł1.1t | zł90.8b | 9.2x | 5.7x | 0.5x |
| Sun, 11 Sep 2022 | zł589.2b | zł1.1t | zł89.6b | 9.5x | 6.6x | 0.6x |
| Tue, 09 Aug 2022 | zł638.1b | zł1.1t | zł90.5b | 9.8x | 7.1x | 0.6x |
| Thu, 07 Jul 2022 | zł609.8b | zł1.0t | zł88.7b | 9.6x | 6.9x | 0.6x |
| Sat, 04 Jun 2022 | zł658.6b | zł1.0t | zł87.4b | 10.4x | 7.5x | 0.6x |
| Mon, 02 May 2022 | zł668.6b | zł951.9b | zł82.9b | 10.7x | 8.1x | 0.7x |
| Wed, 30 Mar 2022 | zł752.7b | zł898.0b | zł73.5b | 10.7x | 10.2x | 0.8x |
| Fri, 25 Feb 2022 | zł649.9b | zł850.3b | zł59.6b | 9.9x | 10.9x | 0.8x |
| Sun, 23 Jan 2022 | zł794.2b | zł823.6b | zł57.2b | 12x | 13.9x | 1x |
| Tue, 21 Dec 2021 | zł774.8b | zł824.5b | zł56.9b | 11.6x | 13.6x | 0.9x |
| Thu, 18 Nov 2021 | zł820.9b | zł801.3b | zł54.2b | 12.9x | 15.1x | 1x |
| Sat, 16 Oct 2021 | zł850.8b | zł773.8b | zł44.9b | 13x | 19x | 1.1x |
| Mon, 13 Sep 2021 | zł828.8b | zł767.1b | zł39.0b | 13.7x | 21.2x | 1.1x |
| Wed, 11 Aug 2021 | zł797.5b | zł764.2b | zł39.2b | 13.4x | 20.3x | 1x |
| Sun, 06 Jun 2021 | zł768.7b | zł725.7b | zł34.8b | 15x | 22.1x | 1.1x |
Price to Earnings Ratio
20x
Current Market PE
- Investors are relatively neutral on the Polish market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 11.0x.
Past Earnings Growth
- The earnings for Polish listed companies have grown 30% per year over the last three years.
- Revenues for these companies have grown 22% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Polish Market?
| PL Market | 0.61% | |
| Consumer Staples | 3.41% | |
| Consumer Discretionary | 2.06% | |
| Real Estate | 1.81% | |
| Tech | 1.24% | |
| Financials | 0.80% | |
| Telecom | 0.38% | |
| Industrials | -0.55% | |
| Energy | -0.56% | |
| Healthcare | -1.16% | |
| Materials | -1.51% | |
| Utilities | -2.02% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth even though it's trading below its 3-year average PE ratio of 46.7x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 25.9%, which is higher than its past year's earnings growth of 3.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 55% over the next 5 years.
- This is better than its past earnings growth rate of 18% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 20% per year 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 | Sector | |
|---|---|---|---|---|---|---|
| PKO Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna | zł61.70 | 4.4% +zł3.2b | 92.4% | PB1.7x | Financials | |
| DNP Dino Polska | zł385.10 | 4.6% +zł1.7b | -9.0% | PE26.9x | Consumer Staples | |
| ING ING Bank Slaski | zł312.00 | 3.0% +zł1.2b | 97.0% | PB2.4x | Financials | |
| PZU Powszechny Zaklad Ubezpieczen | zł51.50 | 1.6% +zł708.0m | 34.5% | PE8.9x | Financials | |
| ALE Allegro.eu | zł33.27 | 1.9% +zł638.1m | 1.7% | PE123.5x | Consumer Discretionary |
