Asseco Poland (WSE:ACP) Has Announced That It Will Be Increasing Its Dividend To PLN3.50
May 19
Polish (WIG) Market Analysis & Valuation
UpdatedMay 30, 2023
DataAggregated Company Financials
Companies708
- 7D-1.3%
- 3M5.3%
- 1Y6.2%
- YTD9.9%
Over the last 7 days, the market has dropped 1.3%, driven by a pullback of 5.1% in the Consumer Discretionary sector. In the last year, the market is actually up 6.2%. As for the next few years, earnings are expected to grow by 7.8% 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 |
|---|---|---|---|---|---|---|
| Tue, 30 May 2023 | zł769.2b | zł1.4t | zł104.3b | 12.3x | 7.4x | 0.6x |
| Thu, 27 Apr 2023 | zł741.9b | zł1.4t | zł103.5b | 11.8x | 7.2x | 0.5x |
| Sat, 25 Mar 2023 | zł679.9b | zł1.3t | zł107.7b | 11.2x | 6.3x | 0.5x |
| Mon, 20 Feb 2023 | zł725.5b | zł1.2t | zł93.8b | 11.1x | 7.7x | 0.6x |
| Wed, 18 Jan 2023 | zł730.6b | zł1.2t | zł89.3b | 10.3x | 8.2x | 0.6x |
| Fri, 16 Dec 2022 | zł681.2b | zł1.2t | zł89.4b | 10.1x | 7.6x | 0.6x |
| Sun, 13 Nov 2022 | zł629.7b | zł1.1t | zł86.1b | 9.8x | 7.3x | 0.6x |
| Tue, 11 Oct 2022 | zł541.1b | zł1.1t | zł94.9b | 9.2x | 5.7x | 0.5x |
| Thu, 08 Sep 2022 | zł578.1b | zł1.1t | zł93.5b | 9.7x | 6.2x | 0.5x |
| Sat, 06 Aug 2022 | zł626.3b | zł1.1t | zł90.9b | 9.6x | 6.9x | 0.6x |
| Mon, 04 Jul 2022 | zł625.8b | zł1.0t | zł88.5b | 9.6x | 7.1x | 0.6x |
| Wed, 01 Jun 2022 | zł663.8b | zł1.0t | zł86.8b | 10.5x | 7.6x | 0.7x |
| Fri, 29 Apr 2022 | zł674.3b | zł928.8b | zł81.1b | 10.8x | 8.3x | 0.7x |
| Sun, 27 Mar 2022 | zł741.7b | zł870.3b | zł71.5b | 11x | 10.4x | 0.9x |
| Tue, 22 Feb 2022 | zł731.8b | zł846.2b | zł59.3b | 11x | 12.3x | 0.9x |
| Thu, 20 Jan 2022 | zł811.1b | zł823.3b | zł57.2b | 12.2x | 14.2x | 1x |
| Sat, 18 Dec 2021 | zł774.9b | zł822.1b | zł56.3b | 11.7x | 13.8x | 0.9x |
| Mon, 15 Nov 2021 | zł830.4b | zł799.8b | zł54.1b | 12.9x | 15.3x | 1x |
| Wed, 13 Oct 2021 | zł854.0b | zł774.9b | zł44.9b | 12.9x | 19x | 1.1x |
| Fri, 10 Sep 2021 | zł821.9b | zł767.1b | zł39.0b | 13.5x | 21.1x | 1.1x |
| Sun, 08 Aug 2021 | zł791.7b | zł764.3b | zł39.2b | 13.4x | 20.2x | 1x |
| Sat, 01 May 2021 | zł692.0b | zł709.0b | zł34.6b | 14.4x | 20x | 1x |
| Tue, 02 Feb 2021 | zł643.8b | zł681.2b | zł22.2b | 13x | 29x | 0.9x |
| Fri, 06 Nov 2020 | zł510.5b | zł691.5b | zł18.5b | 11x | 27.6x | 0.7x |
| Mon, 10 Aug 2020 | zł501.1b | zł692.9b | zł20.3b | 12.9x | 24.7x | 0.7x |
Price to Earnings Ratio
21.3x
Current Market PE
- Investors are pessimistic on the Polish market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 7.4x which is lower than its 3-year average PE of 16.2x.
Past Earnings Growth
- The earnings for Polish listed companies have grown 68% per year over the last three years.
- Revenues for these companies have grown 24% 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 | -1.29% | |
| Real Estate | 0.45% | |
| Financials | 0.33% | |
| Telecom | -0.46% | |
| Consumer Staples | -0.49% | |
| Industrials | -0.57% | |
| Energy | -0.69% | |
| Healthcare | -0.76% | |
| Materials | -1.95% | |
| Utilities | -2.14% | |
| Tech | -2.61% | |
| Consumer Discretionary | -5.07% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 17.6x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 14.3%, which is higher than its past year's earnings growth of 9.9% per year.
- The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 5.7x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 41% over the next 5 years.
- This is better than its past earnings growth rate of 6.7% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 30% 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 | zł34.08 | 1.0% +zł425.0m | 6.9% | PB1.1x | Financials | |
| CDR CD Projekt | zł125.00 | 3.3% +zł399.6m | 15.0% | PE36x | Telecom | |
| MBK mBank | zł379.00 | 2.4% +zł381.9m | 36.1% | PB1.2x | Financials | |
| GPP Grupa Pracuj | zł63.00 | 8.4% +zł334.5m | 20.5% | PE25.7x | Industrials | |
| DNP Dino Polska | zł424.30 | 0.4% +zł176.5m | 41.9% | PE34.3x | Consumer Staples |
Market Insights
The best luxury goods are typically “better quality” than their cheaper counterparts in the sense that they are more durable...
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