Polish (WIG) Banks Industry Analysis
UpdatedSep 24, 2023
DataAggregated Company Financials
Companies12
- 7D-0.9%
- 3M-2.5%
- 1Y53.6%
- YTD19.3%
Over the last 7 days, the Banks industry has dropped 2.3%, driven by declines in Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna and ING Bank Slaski of 2.7% and 4.7%, respectively. Over the past 12 months, the industry was up 51%. Earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Polish Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 25 Sep 2023 | zł179.5b | zł71.7b | zł13.3b | 10.1x | 13.5x | 2.5x |
| Wed, 23 Aug 2023 | zł190.3b | zł69.7b | zł13.0b | 10.8x | 14.6x | 2.7x |
| Fri, 21 Jul 2023 | zł204.8b | zł67.9b | zł11.6b | 14.4x | 17.7x | 3x |
| Sun, 18 Jun 2023 | zł186.9b | zł67.9b | zł11.6b | 12.7x | 16.1x | 2.8x |
| Tue, 16 May 2023 | zł164.2b | zł67.4b | zł11.0b | 11.4x | 15x | 2.4x |
| Thu, 13 Apr 2023 | zł161.2b | zł64.4b | zł10.5b | 11.3x | 15.4x | 2.5x |
| Sat, 11 Mar 2023 | zł153.7b | zł65.4b | zł10.4b | 11x | 14.9x | 2.4x |
| Mon, 06 Feb 2023 | zł161.7b | zł62.5b | zł4.9b | 13.1x | 33.1x | 2.6x |
| Wed, 04 Jan 2023 | zł157.7b | zł62.5b | zł4.9b | 12.9x | 32.3x | 2.5x |
| Fri, 02 Dec 2022 | zł152.1b | zł62.5b | zł4.9b | 12.7x | 31.1x | 2.4x |
| Sun, 30 Oct 2022 | zł133.5b | zł66.9b | zł11.3b | 7.6x | 11.8x | 2x |
| Tue, 27 Sep 2022 | zł116.2b | zł66.3b | zł12.3b | 6.7x | 9.5x | 1.8x |
| Thu, 25 Aug 2022 | zł122.8b | zł65.9b | zł10.8b | 7.2x | 11.4x | 1.9x |
| Sat, 23 Jul 2022 | zł130.1b | zł60.0b | zł10.9b | 7.3x | 11.9x | 2.2x |
| Mon, 20 Jun 2022 | zł138.2b | zł59.8b | zł11.7b | 8.3x | 11.8x | 2.3x |
| Wed, 18 May 2022 | zł153.9b | zł59.2b | zł11.5b | 9.4x | 13.4x | 2.6x |
| Fri, 15 Apr 2022 | zł181.6b | zł55.3b | zł9.1b | 12.3x | 19.9x | 3.3x |
| Sun, 13 Mar 2022 | zł180.3b | zł55.1b | zł9.3b | 12.7x | 19.3x | 3.3x |
| Tue, 08 Feb 2022 | zł228.4b | zł48.1b | zł4.7b | 17.7x | 48.7x | 4.7x |
| Thu, 06 Jan 2022 | zł223.2b | zł47.1b | zł4.6b | 18.1x | 48.3x | 4.7x |
| Sat, 04 Dec 2021 | zł215.4b | zł47.1b | zł4.6b | 17.1x | 46.6x | 4.6x |
| Mon, 01 Nov 2021 | zł235.6b | zł45.8b | zł3.7b | 20.3x | 64x | 5.1x |
| Wed, 29 Sep 2021 | zł190.5b | zł45.5b | zł3.9b | 17.2x | 48.5x | 4.2x |
| Fri, 27 Aug 2021 | zł181.5b | zł45.5b | zł3.9b | 14.8x | 46.2x | 4x |
| Sat, 03 Jul 2021 | zł162.1b | zł45.5b | zł3.9b | 13.6x | 41.3x | 3.6x |
| Tue, 06 Apr 2021 | zł136.2b | zł42.6b | zł2.4b | 14.3x | 56.8x | 3.2x |
| Fri, 08 Jan 2021 | zł121.9b | zł41.0b | zł1.2b | 16.6x | 102.1x | 3x |
| Thu, 01 Oct 2020 | zł94.0b | zł48.2b | zł8.0b | 9.8x | 11.8x | 2x |
Price to Earnings Ratio
11.8x
Current Industry PE
- Investors are pessimistic on the Polish Banks 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 13.5x which is lower than its 3-year average PE of 35.1x.
- The 3-year average PS ratio of 3.0x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 19% per year over the last three years.
- Revenues for these companies have grown 14% 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 industry?
| PL Market | -0.54% | |
| Financials | -0.30% | |
| Banks | -0.88% | |
| Regional Banks | 0% | |
| Diversified Banks | -0.88% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 35.1x.
- Analysts are expecting annual earnings growth of 16.3%, which is lower than the prior year's growth of 20.2% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 35.1x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 16% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| SPL Santander Bank Polska | zł354.00 | 2.3% +zł817.5m | 71.7% | PB1.1x | |
| BNP BNP Paribas Bank Polska | zł61.20 | 2.0% +zł177.2m | 27.5% | PB0.7x | |
| PEO Bank Polska Kasa Opieki | zł99.16 | 0.4% +zł94.5m | 54.9% | PB1.2x | |
| GTN Getin Holding | zł0.56 | 0.5% +zł569.3k | -55.8% | PB1x |