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Polish (WIG) Construction Industry Analysis
UpdatedJan 20, 2022
DataAggregated Company Financials
Companies35
- 7D-2.8%
- 3M-9.0%
- 1Y-11.8%
- YTD1.8%
Over the last 7 days, the Construction industry has dropped 2.8%, driven by a pullback from Budimex of 4.3%. Meanwhile, Onde actually outperformed within the industry, gaining 10.0% in the last week. However, the industry is down 12% over the past year.
Industry Valuation and Performance
Has the Polish Construction Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Fri, 21 Jan 2022 | zł13.0b | zł28.1b | zł1.1b | 9.7x |
| Sun, 19 Dec 2021 | zł12.4b | zł28.1b | zł1.1b | 9.3x |
| Tue, 16 Nov 2021 | zł13.1b | zł27.1b | zł1.1b | 9.7x |
| Thu, 14 Oct 2021 | zł14.6b | zł26.6b | zł1.1b | 9.7x |
| Sat, 11 Sep 2021 | zł15.8b | zł26.7b | zł1.1b | 11.3x |
| Mon, 09 Aug 2021 | zł15.3b | zł26.5b | zł1.1b | 9.7x |
| Sun, 02 May 2021 | zł13.8b | zł24.9b | zł913.2m | 9.6x |
| Wed, 03 Feb 2021 | zł12.9b | zł25.0b | zł861.8m | 7.9x |
| Sat, 07 Nov 2020 | zł8.9b | zł24.4b | zł529.0m | 6.2x |
| Fri, 31 Jul 2020 | zł9.3b | zł24.6b | zł614.9m | 6.5x |
| Mon, 04 May 2020 | zł7.9b | zł24.6b | zł354.1m | 5.8x |
| Thu, 06 Feb 2020 | zł7.9b | zł24.8b | zł362.7m | 6.4x |
| Sun, 10 Nov 2019 | zł6.1b | zł25.3b | zł319.3m | 6x |
| Sat, 03 Aug 2019 | zł6.3b | zł25.4b | zł406.5m | 6.3x |
| Tue, 07 May 2019 | zł6.9b | zł26.6b | zł328.1m | 6.5x |
| Fri, 08 Feb 2019 | zł6.0b | zł26.0b | zł391.2m | 7.4x |
PE Ratio
7.4x
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 7.4x. However, future earnings are expected to decline by 20% which could potentially cause the PE ratio to fall below its historical average.
Past Earnings Growth: The earnings for companies in the Construction industry have grown 42% per year over the last three years, and revenues for these companies have grown 2.7% 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 Construction industry?
| Construction and Engineering | -2.82% | |
Industry PE: Investors are most optimistic about the Construction and Engineering industry which is trading above its 3-year average PE ratio of 7.4x. However analysts are expecting annual earnings decline of 20%, which is lower than the prior year's growth of 27% per year. So the market might believe that analysts are underestimating future growth or they expect the Construction and Engineering industry's earnings to deteriorate the least compared to other industries.
Forecasted Growth: Despite it being negative, analysts are least pessimistic on the Construction and Engineering industry since they expect its earnings to decline by only 20% per year over the next 5 years, which isn't as bad as the other industries. However, this is a reversal from its past annual earnings growth rate of 27% per year.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| OND Onde | zł19.30 | 10.0% +zł96.4m | n/a | PE23.5x | |
| RES Resbud | zł1.01 | 12.2% +zł26.0m | 27.8% | PE125.6x | |
| MSW Mostostal Warszawa | zł7.06 | 2.6% +zł3.6m | -0.6% | PE10.2x | |
| MSP Mostostal Plock | zł25.60 | 3.6% +zł1.8m | 113.3% | PE3.8x | |
| AQA Aqua | zł14.50 | 13.3% +zł1.5m | 19.8% | PE21x |