Does KGHM Polska Miedz (WSE:KGH) Have A Healthy Balance Sheet?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Polish (WIG) Metals and Mining Industry Analysis
UpdatedNov 28, 2021
DataAggregated Company Financials
Companies14
- 7D-6.6%
- 3M-19.5%
- 1Y3.4%
- YTD-18.3%
Over the last 7 days, the Metals and Mining industry has dropped 6.8%, driven by a decline by KGHM Polska Miedz of 6.8%. Meanwhile, Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna actually outperformed within the industry, gaining 39% in the last week. As for the longer term, the industry's performance has been flat for the past year.
Industry Valuation and Performance
Has the Polish Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Tue, 30 Nov 2021 | zł41.2b | zł58.8b | zł6.6b | 5.3x |
| Thu, 28 Oct 2021 | zł47.9b | zł55.4b | zł5.5b | 6.3x |
| Sat, 25 Sep 2021 | zł49.0b | zł54.6b | zł5.4b | 6.7x |
| Mon, 23 Aug 2021 | zł51.3b | zł54.5b | zł5.4b | 7.3x |
| Sat, 10 Jul 2021 | zł53.2b | zł54.5b | zł5.4b | 7.6x |
| Fri, 02 Apr 2021 | zł51.6b | zł50.3b | zł2.2b | 7.8x |
| Mon, 04 Jan 2021 | zł48.3b | zł48.1b | zł1.3b | 7.3x |
| Thu, 08 Oct 2020 | zł34.1b | zł46.8b | zł170.0m | 6.6x |
| Wed, 01 Jul 2020 | zł27.6b | zł47.5b | zł757.5m | 6.5x |
| Sat, 04 Apr 2020 | zł19.1b | zł49.2b | zł2.0b | 7.4x |
| Tue, 07 Jan 2020 | zł28.3b | zł50.0b | zł2.5b | 6.9x |
| Mon, 30 Sep 2019 | zł25.0b | zł50.7b | zł3.9b | 7.4x |
| Thu, 04 Jul 2019 | zł33.1b | zł50.8b | zł3.8b | 6.9x |
| Sun, 07 Apr 2019 | zł36.0b | zł50.3b | zł3.8b | 7.8x |
| Wed, 09 Jan 2019 | zł33.1b | zł49.1b | zł4.1b | 6.1x |
PE Ratio
6.6x
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 7.2x. However, future earnings are expected to decline by 5.7% which could potentially cause the PE ratio to fall below its historical average.
Past Earnings Growth: The earnings for companies in the Metals and Mining industry have grown 19% per year over the last three years, and revenues for these companies have grown 6.5% 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 Metals and Mining industry?
| Diversified Metals and Mining | -2.12% | |
| Aluminum | -2.76% | |
| Steel | -5.69% | |
| Copper | -7.91% | |
Industry PE: Investors are most optimistic about the Diversified Metals and Mining industry even though it's trading below its 3-year average PE ratio of 67.7x. It looks like they are confident that earnings will grow faster in the future than they have historically. Meanwhile, investors are most pessimistic about the Copper industry, which is trading below its 3-year average of 13.7x.
Forecasted Growth: Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 13% over the next 5 years. However this is lower than its past earnings growth rate of 113% per year. Meanwhile, the Copper industry is expected to see its earnings decline by 11% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| MFO MFO | 3.4%+zł11.9m | 140.0% | PE2.9x | |
| FER Ferrum | 2.8%+zł6.4m | 7.4% | PE203.3x | |
| ZRE Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna | 43.0%+zł5.8m | 111.4% | PE2.9x | |
| EMA Elemental Asia | 4.9%+zł4.8m | 84.8% | PE14.6x | |
| ODL Odlewnie Polskie | 1.7%+zł2.0m | 25.5% | PE7.6x |
