Here's Why We Think ING Bank Slaski (WSE:ING) Is Well Worth Watching
Jun 29
Polish (WIG) Banks Industry Analysis
UpdatedJul 22, 2024
DataAggregated Company Financials
Companies11
- 7D-2.3%
- 3M-5.5%
- 1Y43.6%
- YTD16.5%
The Banks industry is down 2.2% over the last week with Bank Polska Kasa Opieki the worst performer, down 3.9%. Over the past 12 months, the industry was up 44%. Earnings are forecast to grow by 8.1% 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, 22 Jul 2024 | zł293.5b | zł94.1b | zł28.6b | 10.8x | 10.3x | 3.1x |
| Wed, 19 Jun 2024 | zł281.2b | zł94.1b | zł28.6b | 9.9x | 9.8x | 3x |
| Fri, 17 May 2024 | zł284.5b | zł93.7b | zł28.6b | 9.9x | 9.9x | 3x |
| Sun, 14 Apr 2024 | zł306.2b | zł91.5b | zł27.3b | 11.7x | 11.2x | 3.3x |
| Tue, 12 Mar 2024 | zł291.6b | zł91.5b | zł27.3b | 11.2x | 10.7x | 3.2x |
| Thu, 08 Feb 2024 | zł269.1b | zł91.7b | zł28.9b | 9.3x | 9.3x | 2.9x |
| Sat, 06 Jan 2024 | zł251.2b | zł90.8b | zł28.3b | 8.9x | 8.9x | 2.8x |
| Mon, 04 Dec 2023 | zł255.2b | zł90.8b | zł28.3b | 8.9x | 9x | 2.8x |
| Wed, 01 Nov 2023 | zł224.4b | zł80.2b | zł20.4b | 9.8x | 11x | 2.8x |
| Fri, 29 Sep 2023 | zł176.5b | zł71.7b | zł13.3b | 9.8x | 13.3x | 2.5x |
| Sun, 27 Aug 2023 | zł189.6b | zł71.5b | zł13.2b | 10.7x | 14.4x | 2.7x |
| Tue, 25 Jul 2023 | zł204.7b | zł67.9b | zł11.6b | 14.2x | 17.7x | 3x |
| Thu, 22 Jun 2023 | zł186.9b | zł67.9b | zł11.6b | 12.9x | 16.1x | 2.8x |
| Sat, 20 May 2023 | zł172.2b | zł68.4b | zł11.3b | 11.9x | 15.3x | 2.5x |
| Mon, 17 Apr 2023 | zł166.0b | zł64.5b | zł10.4b | 11.7x | 15.9x | 2.6x |
| Wed, 15 Mar 2023 | zł149.3b | zł64.7b | zł10.2b | 10.7x | 14.7x | 2.3x |
| Fri, 10 Feb 2023 | zł161.9b | zł62.7b | zł6.6b | 11.6x | 24.6x | 2.6x |
| Sun, 08 Jan 2023 | zł165.0b | zł62.5b | zł4.9b | 13.5x | 33.7x | 2.6x |
| Tue, 06 Dec 2022 | zł151.0b | zł62.5b | zł4.9b | 12.6x | 30.9x | 2.4x |
| Thu, 03 Nov 2022 | zł137.5b | zł66.9b | zł11.3b | 7.8x | 12.1x | 2.1x |
| Sat, 01 Oct 2022 | zł112.4b | zł66.3b | zł12.3b | 6.6x | 9.1x | 1.7x |
| Mon, 29 Aug 2022 | zł122.7b | zł65.9b | zł10.8b | 7.1x | 11.4x | 1.9x |
| Wed, 27 Jul 2022 | zł126.3b | zł60.0b | zł10.9b | 7.6x | 11.6x | 2.1x |
| Fri, 24 Jun 2022 | zł138.4b | zł59.8b | zł11.7b | 8.3x | 11.8x | 2.3x |
| Sun, 22 May 2022 | zł150.8b | zł59.8b | zł11.7b | 9.3x | 12.9x | 2.5x |
| Tue, 19 Apr 2022 | zł181.6b | zł55.3b | zł9.1b | 12.3x | 19.9x | 3.3x |
| Thu, 17 Mar 2022 | zł189.5b | zł55.1b | zł9.3b | 13.6x | 20.3x | 3.4x |
| Sat, 12 Feb 2022 | zł227.2b | zł48.2b | zł3.2b | 16.6x | 70.2x | 4.7x |
| Mon, 10 Jan 2022 | zł225.5b | zł47.1b | zł4.6b | 18.3x | 48.8x | 4.8x |
| Wed, 08 Dec 2021 | zł217.6b | zł47.1b | zł4.6b | 17.1x | 47x | 4.6x |
| Fri, 05 Nov 2021 | zł239.2b | zł46.0b | zł3.6b | 20.6x | 66.3x | 5.2x |
| Sun, 03 Oct 2021 | zł198.6b | zł45.5b | zł3.9b | 18.1x | 50.6x | 4.4x |
| Tue, 31 Aug 2021 | zł188.9b | zł45.5b | zł3.9b | 14.9x | 48.1x | 4.2x |
Price to Earnings Ratio
44.6x
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 10.3x which is lower than its 3-year average PE of 21.8x.
- The industry is trading close to its 3-year average PS ratio of 3.0x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 94% per year over the last three years.
- Revenues for these companies have grown 27% 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 | -2.90% | |
| Financials | -2.68% | |
| Banks | -2.33% | |
| Regional Banks | 0% | |
| Diversified Banks | -2.33% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 21.8x.
- Analysts are expecting annual earnings growth of 8.1%, which is lower than the prior year's growth of 82.4% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 21.8x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 8.1% over the next 5 years.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 8.1% 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 | |
|---|---|---|---|---|---|
| BHW Bank Handlowy w Warszawie | zł97.40 | 1.6% +zł195.9m | 8.3% | PB1.2x | |
| MIL Bank Millennium | zł9.67 | 0.05% +zł6.1m | 45.4% | PB1.7x | |
| GTN Getin Holding | zł0.51 | 0.6% +zł569.3k | 19.4% | PB0.9x |
