Estimating The Intrinsic Value Of KGHM Polska Miedz S.A. (WSE:KGH)
Dec 06
Polish (WIG) Materials Sector Analysis
UpdatedDec 07, 2023
DataAggregated Company Financials
Companies44
- 7D1.3%
- 3M9.3%
- 1Y0.8%
- YTD-2.7%
In the last week, the Materials industry is up 1.2%, with KGHM Polska Miedz up 1.3%. The industry has been flat over the past 12 months despite the gain this week. Earnings are forecast to grow by 24% annually.
Sector Valuation and Performance
Has the Polish Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 07 Dec 2023 | zł56.8b | zł117.7b | zł1.0b | 9x | 54.5x | 0.5x |
| Sat, 04 Nov 2023 | zł56.2b | zł126.8b | zł6.4b | 8.2x | 8.8x | 0.4x |
| Mon, 02 Oct 2023 | zł54.7b | zł127.1b | zł6.3b | 8.5x | 8.6x | 0.4x |
| Wed, 30 Aug 2023 | zł54.5b | zł134.2b | zł10.3b | 9.6x | 5.3x | 0.4x |
| Fri, 28 Jul 2023 | zł57.5b | zł137.2b | zł12.9b | 9.7x | 4.5x | 0.4x |
| Sun, 25 Jun 2023 | zł55.4b | zł137.2b | zł12.9b | 8.7x | 4.3x | 0.4x |
| Tue, 23 May 2023 | zł55.6b | zł142.2b | zł15.7b | 6.9x | 3.6x | 0.4x |
| Thu, 20 Apr 2023 | zł60.7b | zł142.0b | zł17.5b | 7.6x | 3.5x | 0.4x |
| Sat, 18 Mar 2023 | zł56.4b | zł141.1b | zł21.1b | 7x | 2.7x | 0.4x |
| Mon, 13 Feb 2023 | zł61.9b | zł140.8b | zł21.2b | 7x | 2.9x | 0.4x |
| Wed, 11 Jan 2023 | zł64.7b | zł140.9b | zł21.2b | 6.6x | 3.1x | 0.5x |
| Fri, 09 Dec 2022 | zł56.6b | zł140.9b | zł21.2b | 6x | 2.7x | 0.4x |
| Sun, 06 Nov 2022 | zł51.8b | zł131.6b | zł19.1b | 6.8x | 2.7x | 0.4x |
| Tue, 04 Oct 2022 | zł45.8b | zł131.2b | zł19.1b | 5.8x | 2.4x | 0.3x |
| Thu, 01 Sep 2022 | zł47.5b | zł120.7b | zł15.5b | 6.7x | 3.1x | 0.4x |
| Sat, 30 Jul 2022 | zł55.1b | zł116.7b | zł15.0b | 6.8x | 3.7x | 0.5x |
| Mon, 27 Jun 2022 | zł56.8b | zł116.6b | zł15.0b | 6.7x | 3.8x | 0.5x |
| Wed, 25 May 2022 | zł63.5b | zł106.4b | zł12.9b | 7.8x | 4.9x | 0.6x |
| Fri, 22 Apr 2022 | zł68.9b | zł98.0b | zł10.8b | 9.4x | 6.4x | 0.7x |
| Sun, 20 Mar 2022 | zł69.3b | zł93.1b | zł8.6b | 9.1x | 8.1x | 0.7x |
| Tue, 15 Feb 2022 | zł60.6b | zł91.9b | zł8.3b | 9.7x | 7.3x | 0.7x |
| Thu, 13 Jan 2022 | zł62.4b | zł91.9b | zł8.3b | 10.1x | 7.5x | 0.7x |
| Sat, 11 Dec 2021 | zł58.5b | zł91.9b | zł8.3b | 9.9x | 7.1x | 0.6x |
| Mon, 08 Nov 2021 | zł61.3b | zł87.0b | zł7.0b | 8.8x | 8.7x | 0.7x |
| Wed, 06 Oct 2021 | zł63.1b | zł86.3b | zł6.9b | 8.6x | 9.1x | 0.7x |
| Fri, 03 Sep 2021 | zł67.0b | zł85.5b | zł6.9b | 8.6x | 9.7x | 0.8x |
| Sun, 01 Aug 2021 | zł69.5b | zł85.5b | zł6.9b | 9.1x | 10.1x | 0.8x |
| Wed, 05 May 2021 | zł68.3b | zł79.4b | zł3.5b | 11.4x | 19.4x | 0.9x |
| Sat, 06 Feb 2021 | zł63.2b | zł76.5b | zł2.5b | 10.4x | 24.9x | 0.8x |
Price to Earnings Ratio
23.9x
Current Industry PE
- Investors are optimistic on the Polish Materials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 54.1x which is higher than its 3-year average PE of 8.9x.
- The industry is trading close to its 3-year average PS ratio of 0.58x.
Past Earnings Growth
- The earnings for companies in the Materials industry have declined 26% per year over the last three years.
- Meanwhile revenues for these companies have grown 15% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Polish Materials sector?
| PL Market | 3.29% | |
| Materials | 1.33% | |
| Paper and Forestry Products | 4.08% | |
| Metals and Mining | 1.29% | |
| Basic Materials | 1.28% | |
| Chemicals | 1.10% | |
| Packaging | 0% | |
Industry PE
- Investors are most optimistic about the Packaging industry which is trading above its 3-year average PE ratio of 11.6x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Metals and Mining industry, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings decline of 36% per year.
- In contrast, the Paper and Forestry Products industry is expected to see its earnings decline by 19% 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 | |
|---|---|---|---|---|---|
| KGH KGHM Polska Miedz | zł119.40 | 1.8% +zł430.0m | -0.6% | PE71.5x | |
| ATT Grupa Azoty | zł23.20 | 3.5% +zł77.4m | -34.9% | PS0.1x | |
| STP Stalprodukt | zł228.00 | 6.5% +zł75.6m | -5.0% | PE5.7x | |
| ATC Arctic Paper | zł21.35 | 5.2% +zł72.8m | 2.2% | PE5.4x | |
| PCR PCC Rokita | zł89.90 | 1.1% +zł19.9m | -2.3% | PE3.8x |
