Orlen S.A.'s (WSE:PKN) Low P/E No Reason For Excitement
Jul 17
Polish (WIG) Market Analysis & Valuation
UpdatedJul 21, 2024
DataAggregated Company Financials
Companies649
- 7D-3.0%
- 3M-0.7%
- 1Y12.8%
- YTD6.8%
Over the last 7 days, the market has dropped 3.0%, driven by a loss of 2.7% in the Financials sector. In contrast to the last week, the market is actually up 13% over the past year. Earnings are forecast to grow by 14% annually.
Market Valuation and Performance
Has the Polish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 21 Jul 2024 | zł871.2b | zł1.2t | zł58.1b | 12.2x | 15x | 0.7x |
| Tue, 18 Jun 2024 | zł865.8b | zł1.2t | zł58.3b | 12.4x | 14.9x | 0.7x |
| Thu, 16 May 2024 | zł896.4b | zł1.3t | zł67.0b | 12.2x | 13.4x | 0.7x |
| Sat, 13 Apr 2024 | zł871.7b | zł1.3t | zł78.2b | 12.4x | 11.2x | 0.7x |
| Mon, 11 Mar 2024 | zł847.3b | zł1.3t | zł85.2b | 12.6x | 9.9x | 0.7x |
| Wed, 07 Feb 2024 | zł835.8b | zł1.3t | zł90.4b | 12.8x | 9.2x | 0.7x |
| Fri, 05 Jan 2024 | zł824.5b | zł1.3t | zł90.6b | 12.6x | 9.1x | 0.6x |
| Sun, 03 Dec 2023 | zł816.8b | zł1.3t | zł92.0b | 12.5x | 8.9x | 0.6x |
| Tue, 31 Oct 2023 | zł760.7b | zł1.3t | zł94.0b | 11.9x | 8.1x | 0.6x |
| Thu, 28 Sep 2023 | zł700.2b | zł1.3t | zł90.6b | 12.2x | 7.7x | 0.6x |
| Sat, 26 Aug 2023 | zł734.6b | zł1.2t | zł91.9b | 12.6x | 8x | 0.6x |
| Mon, 24 Jul 2023 | zł781.0b | zł1.2t | zł92.8b | 13.2x | 8.4x | 0.6x |
| Wed, 21 Jun 2023 | zł740.3b | zł1.2t | zł92.8b | 12.7x | 8x | 0.6x |
| Fri, 19 May 2023 | zł709.9b | zł1.1t | zł88.3b | 12x | 8x | 0.6x |
| Sun, 16 Apr 2023 | zł686.0b | zł1.1t | zł88.6b | 11.6x | 7.7x | 0.6x |
| Tue, 14 Mar 2023 | zł653.6b | zł1.1t | zł94.5b | 11.2x | 6.9x | 0.6x |
| Thu, 09 Feb 2023 | zł681.9b | zł1.0t | zł78.4b | 10.7x | 8.7x | 0.7x |
| Sat, 07 Jan 2023 | zł673.8b | zł1.0t | zł76.8b | 10.4x | 8.8x | 0.6x |
| Mon, 05 Dec 2022 | zł637.8b | zł1.0t | zł77.6b | 10.4x | 8.2x | 0.6x |
| Wed, 02 Nov 2022 | zł576.1b | zł1.1t | zł88.3b | 9.5x | 6.5x | 0.5x |
| Fri, 30 Sep 2022 | zł529.8b | zł1.1t | zł91.1b | 9.5x | 5.8x | 0.5x |
| Sun, 28 Aug 2022 | zł605.9b | zł1.1t | zł95.3b | 9.7x | 6.4x | 0.6x |
| Tue, 26 Jul 2022 | zł625.5b | zł1.0t | zł88.4b | 9.8x | 7.1x | 0.6x |
| Thu, 23 Jun 2022 | zł618.2b | zł1.0t | zł89.2b | 9.7x | 6.9x | 0.6x |
| Sat, 21 May 2022 | zł861.7b | zł993.2b | zł84.2b | 10.3x | 10.2x | 0.9x |
| Mon, 18 Apr 2022 | zł733.7b | zł907.6b | zł76.3b | 11.2x | 9.6x | 0.8x |
| Wed, 16 Mar 2022 | zł701.0b | zł861.2b | zł65.4b | 10.9x | 10.7x | 0.8x |
| Fri, 11 Feb 2022 | zł779.7b | zł841.9b | zł58.8b | 11.6x | 13.3x | 0.9x |
| Sun, 09 Jan 2022 | zł818.1b | zł823.8b | zł57.3b | 12.3x | 14.3x | 1x |
| Tue, 07 Dec 2021 | zł775.8b | zł820.4b | zł55.9b | 11.8x | 13.9x | 0.9x |
| Thu, 04 Nov 2021 | zł834.4b | zł792.7b | zł49.1b | 13x | 17x | 1.1x |
| Sat, 02 Oct 2021 | zł815.4b | zł769.3b | zł43.8b | 12.8x | 18.6x | 1.1x |
| Mon, 30 Aug 2021 | zł818.8b | zł764.2b | zł39.2b | 13.6x | 20.9x | 1.1x |
Price to Earnings Ratio
20.2x
Current Market PE
- Investors are optimistic on the Polish market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 15.0x which is higher than its 3-year average PE of 10.5x.
Past Earnings Growth
- The earnings for Polish listed companies have grown 14% per year over the last three years.
- Revenues for these companies have grown 17% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Polish Market?
| PL Market | -3.01% | |
| Tech | 1.28% | |
| Consumer Staples | -0.61% | |
| Industrials | -1.88% | |
| Financials | -2.68% | |
| Telecom | -2.71% | |
| Healthcare | -3.11% | |
| Utilities | -3.12% | |
| Energy | -3.17% | |
| Real Estate | -3.56% | |
| Consumer Discretionary | -4.59% | |
| Materials | -6.85% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 34.2x.
- Analysts are expecting annual earnings growth of 22.6%, which is lower than the prior year's growth of 84.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 50% over the next 5 years.
- This is better than its past earnings decline of 41% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 2.9% 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 | Sector | |
|---|---|---|---|---|---|---|
| CMR Comarch | zł326.50 | 14.2% +zł329.4m | 123.6% | PE26.7x | Tech | |
| BHW Bank Handlowy w Warszawie | zł97.40 | 1.5% +zł182.9m | 8.9% | PB1.2x | Financials | |
| ABE AB | zł101.50 | 6.8% +zł102.9m | 66.4% | PE10.1x | Tech | |
| JSW Jastrzebska Spólka Weglowa | zł28.81 | 2.9% +zł95.1m | -31.2% | PS0.2x | Materials | |
| CLN Celon Pharma | zł26.90 | 6.7% +zł86.8m | 62.2% | PS6.6x | Healthcare |
