Cyfrowy Polsat's (WSE:CPS) Weak Earnings May Only Reveal A Part Of The Whole Picture
Apr 19
Polish (WIG) Telecom Sector Analysis
UpdatedApr 19, 2024
DataAggregated Company Financials
Companies118
- 7D-4.3%
- 3M-1.4%
- 1Y-11.0%
- YTD-5.5%
Over the last 7 days, the Telecom industry has dropped 3.7%, driven by pullbacks in Orange Polska and CD Projekt of 6.2% and 5.3%, respectively. Meanwhile, 11 bit studios actually outperformed within the industry, gaining 8.1% in the last week. However, the industry is down 11% over the past year. Earnings are forecast to grow by 18% annually.
Sector Valuation and Performance
Has the Polish Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Apr 2024 | zł44.9b | zł35.7b | zł2.5b | 16.1x | 18x | 1.3x |
| Sun, 17 Mar 2024 | zł46.3b | zł35.3b | zł2.4b | 17.3x | 19.5x | 1.3x |
| Tue, 13 Feb 2024 | zł48.4b | zł35.2b | zł2.5b | 18.4x | 19.8x | 1.4x |
| Thu, 11 Jan 2024 | zł47.8b | zł35.4b | zł2.4b | 19.9x | 19.6x | 1.3x |
| Sat, 09 Dec 2023 | zł48.1b | zł35.3b | zł2.4b | 19.1x | 19.8x | 1.4x |
| Mon, 06 Nov 2023 | zł49.1b | zł34.9b | zł2.5b | 18.2x | 19.8x | 1.4x |
| Wed, 04 Oct 2023 | zł48.9b | zł35.0b | zł2.5b | 18.2x | 19.9x | 1.4x |
| Fri, 01 Sep 2023 | zł52.5b | zł35.1b | zł2.4b | 18.9x | 21.4x | 1.5x |
| Sun, 30 Jul 2023 | zł56.9b | zł34.9b | zł2.8b | 15.6x | 20.6x | 1.6x |
| Tue, 27 Jun 2023 | zł55.3b | zł34.8b | zł2.8b | 16.7x | 19.9x | 1.6x |
| Thu, 25 May 2023 | zł51.2b | zł34.7b | zł2.7b | 15.7x | 19x | 1.5x |
| Sat, 22 Apr 2023 | zł50.3b | zł34.2b | zł2.8b | 15.1x | 18.2x | 1.5x |
| Mon, 20 Mar 2023 | zł50.2b | zł34.0b | zł3.1b | 14.6x | 16.3x | 1.5x |
| Wed, 15 Feb 2023 | zł51.5b | zł33.8b | zł2.9b | 14x | 18x | 1.5x |
| Fri, 13 Jan 2023 | zł52.1b | zł33.8b | zł2.9b | 12.9x | 18.3x | 1.5x |
| Sun, 11 Dec 2022 | zł49.4b | zł33.8b | zł2.9b | 11.2x | 17.3x | 1.5x |
| Tue, 08 Nov 2022 | zł50.4b | zł33.4b | zł5.7b | 11.9x | 8.8x | 1.5x |
| Thu, 06 Oct 2022 | zł45.0b | zł33.3b | zł7.1b | 11.4x | 6.3x | 1.4x |
| Sat, 03 Sep 2022 | zł44.6b | zł33.3b | zł16.9b | 12.1x | 2.6x | 1.3x |
| Mon, 01 Aug 2022 | zł45.7b | zł33.0b | zł7.4b | 13.9x | 6.2x | 1.4x |
| Wed, 29 Jun 2022 | zł47.9b | zł32.8b | zł7.2b | 12.1x | 6.6x | 1.5x |
| Fri, 27 May 2022 | zł49.4b | zł32.7b | zł6.5b | 13.8x | 7.6x | 1.5x |
| Sun, 24 Apr 2022 | zł56.3b | zł32.5b | zł6.6b | 14x | 8.6x | 1.7x |
| Tue, 22 Mar 2022 | zł64.8b | zł33.7b | zł7.4b | 14.3x | 8.8x | 1.9x |
| Thu, 17 Feb 2022 | zł68.2b | zł33.5b | zł7.5b | 14.8x | 9.1x | 2x |
| Sat, 15 Jan 2022 | zł73.6b | zł33.4b | zł7.4b | 18.2x | 9.9x | 2.2x |
| Mon, 13 Dec 2021 | zł72.3b | zł33.4b | zł7.4b | 17.5x | 9.7x | 2.2x |
| Wed, 10 Nov 2021 | zł75.7b | zł34.2b | zł4.5b | 20.4x | 16.7x | 2.2x |
| Fri, 08 Oct 2021 | zł79.4b | zł34.1b | zł3.0b | 20.7x | 26.4x | 2.3x |
| Sun, 05 Sep 2021 | zł79.6b | zł33.9b | zł3.1b | 21x | 25.5x | 2.3x |
| Tue, 03 Aug 2021 | zł75.5b | zł33.9b | zł3.1b | 20.2x | 24.2x | 2.2x |
| Fri, 07 May 2021 | zł71.7b | zł33.2b | zł2.7b | 25.5x | 26.5x | 2.2x |
Price to Earnings Ratio
26.5x
Current Industry PE
- Investors are optimistic on the Polish Communication Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 17.9x which is higher than its 3-year average PE of 16.2x.
- The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Communication Services industry have declined 2.6% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.5% 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 Telecom sector?
| PL Market | -1.23% | |
| Telecom | -4.32% | |
| Wireless Telecom | 0% | |
| Telecom Services and Carriers | -3.47% | |
| Media | -4.03% | |
| Entertainment | -4.35% | |
| Interactive Media and Services | -7.65% | |
Industry PE
- Investors are most optimistic about the Interactive Media and Services industry, which is trading close to its 3-year average PE ratio of 22.1x.
- Analysts are expecting annual earnings growth of 17.4%, which is higher than its past year's earnings decline of 8.7% per year.
- Investors are most pessimistic about the Telecom Services and Carriers industry, which is trading below its 3-year average of 17.7x.
Forecasted Growth
- Analysts are most optimistic on the Media industry, expecting annual earnings growth of 23% over the next 5 years.
- This is better than its past earnings growth rate of 8.8% per year.
- In contrast, the Telecom Services and Carriers industry is expected to see its earnings grow by 9.6% 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 | |
|---|---|---|---|---|---|
| CBF Cyber_Folks | zł113.00 | 5.6% +zł84.9m | 121.6% | PE31.5x | |
| 11B 11 bit studios | zł544.00 | 5.2% +zł65.3m | -13.4% | PE307.6x | |
| CRJ Creepy Jar | zł605.00 | 1.7% +zł7.0m | -32.6% | PE16.1x | |
| MOV Movie Games | zł28.45 | 7.8% +zł5.3m | 63.7% | PS14.8x | |
| FAB Fabrity Holding | zł36.60 | 5.5% +zł4.7m | 10.6% | PE6.6x |
