Here's Why Santander Bank Polska (WSE:SPL) Has Caught The Eye Of Investors
Jun 23
Polish (WIG) Market Analysis & Valuation
UpdatedJun 23, 2024
DataAggregated Company Financials
Companies648
- 7D3.1%
- 3M3.9%
- 1Y21.4%
- YTD7.8%
The market is up 3.1% in the last 7 days, led by the Financials and all sectors gaining ground. As for the past 12 months, the market is up 21%. As for the next few years, earnings are expected to grow by 15% per annum.
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, 23 Jun 2024 | zł878.8b | zł1.2t | zł58.2b | 12.3x | 15.1x | 0.7x |
| Tue, 21 May 2024 | zł908.1b | zł1.3t | zł66.6b | 12.5x | 13.6x | 0.7x |
| Thu, 18 Apr 2024 | zł860.9b | zł1.3t | zł78.1b | 12.1x | 11x | 0.7x |
| Sat, 16 Mar 2024 | zł850.4b | zł1.3t | zł86.9b | 12.5x | 9.8x | 0.7x |
| Mon, 12 Feb 2024 | zł828.3b | zł1.3t | zł89.7b | 12.7x | 9.2x | 0.7x |
| Wed, 10 Jan 2024 | zł829.3b | zł1.3t | zł90.6b | 12.6x | 9.2x | 0.6x |
| Fri, 08 Dec 2023 | zł821.2b | zł1.3t | zł92.0b | 12.5x | 8.9x | 0.6x |
| Sun, 05 Nov 2023 | zł776.1b | zł1.3t | zł88.2b | 12x | 8.8x | 0.6x |
| Tue, 03 Oct 2023 | zł704.0b | zł1.3t | zł87.9b | 11.9x | 8x | 0.6x |
| Thu, 31 Aug 2023 | zł747.0b | zł1.2t | zł91.1b | 12.6x | 8.2x | 0.6x |
| Sat, 29 Jul 2023 | zł785.8b | zł1.2t | zł93.2b | 13.1x | 8.4x | 0.6x |
| Mon, 26 Jun 2023 | zł732.2b | zł1.2t | zł92.8b | 12.6x | 7.9x | 0.6x |
| Wed, 24 May 2023 | zł729.2b | zł1.1t | zł85.7b | 12.1x | 8.5x | 0.6x |
| Fri, 21 Apr 2023 | zł701.0b | zł1.1t | zł87.5b | 11.8x | 8x | 0.6x |
| Sun, 19 Mar 2023 | zł569.8b | zł1.1t | zł94.3b | 11.5x | 6x | 0.5x |
| Tue, 14 Feb 2023 | zł671.8b | zł1.0t | zł80.9b | 10.8x | 8.3x | 0.6x |
| Thu, 12 Jan 2023 | zł686.8b | zł1.0t | zł76.8b | 10.3x | 8.9x | 0.7x |
| Sat, 10 Dec 2022 | zł632.5b | zł1.0t | zł77.5b | 10.1x | 8.2x | 0.6x |
| Mon, 07 Nov 2022 | zł564.3b | zł974.4b | zł77.6b | 9.6x | 7.3x | 0.6x |
| Wed, 05 Oct 2022 | zł552.5b | zł1.1t | zł90.4b | 9.4x | 6.1x | 0.5x |
| Fri, 02 Sep 2022 | zł564.1b | zł1.1t | zł96.5b | 9.4x | 5.8x | 0.5x |
| Sun, 31 Jul 2022 | zł640.0b | zł1.0t | zł89.4b | 9.7x | 7.2x | 0.6x |
| Tue, 28 Jun 2022 | zł627.7b | zł1.0t | zł89.2b | 9.7x | 7x | 0.6x |
| Thu, 26 May 2022 | zł5.6t | zł996.2b | zł85.8b | 10.2x | 65.8x | 5.7x |
| Sat, 23 Apr 2022 | zł703.4b | zł908.3b | zł76.4b | 11x | 9.2x | 0.8x |
| Mon, 21 Mar 2022 | zł734.3b | zł860.8b | zł65.7b | 10.8x | 11.2x | 0.9x |
| Wed, 16 Feb 2022 | zł774.3b | zł842.4b | zł58.9b | 11.4x | 13.2x | 0.9x |
| Fri, 14 Jan 2022 | zł840.4b | zł823.2b | zł57.2b | 12.3x | 14.7x | 1x |
| Sun, 12 Dec 2021 | zł785.8b | zł821.7b | zł56.3b | 11.8x | 14x | 1x |
| Tue, 09 Nov 2021 | zł851.8b | zł794.2b | zł50.1b | 13x | 17x | 1.1x |
| Thu, 07 Oct 2021 | zł826.2b | zł771.9b | zł44.4b | 12.7x | 18.6x | 1.1x |
| Sat, 04 Sep 2021 | zł824.2b | zł764.2b | zł39.2b | 13.7x | 21x | 1.1x |
| Mon, 02 Aug 2021 | zł785.0b | zł764.3b | zł39.2b | 13.2x | 20x | 1x |
Price to Earnings Ratio
19.6x
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 15.1x which is higher than its 3-year average PE of 10.6x.
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 | 3.05% | |
| Financials | 4.93% | |
| Consumer Staples | 3.47% | |
| Energy | 3.17% | |
| Industrials | 1.96% | |
| Materials | 1.81% | |
| Tech | 1.78% | |
| Utilities | 1.71% | |
| Real Estate | 1.68% | |
| Telecom | 1.46% | |
| Consumer Discretionary | 0.64% | |
| Healthcare | 0.55% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 31.5x.
- Analysts are expecting annual earnings growth of 21.0%, 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 48% over the next 5 years.
- This is better than its past earnings decline of 25% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 3.2% 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 | |
|---|---|---|---|---|---|---|
| PKO Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna | zł60.60 | 5.8% +zł4.1b | 71.9% | PB1.6x | Financials | |
| PKN Orlen | zł65.48 | 3.2% +zł2.4b | -0.3% | PE5.4x | Energy | |
| ING ING Bank Slaski | zł295.00 | 6.3% +zł2.3b | 70.5% | PB2.2x | Financials | |
| BNP BNP Paribas Bank Polska | zł112.00 | 15.5% +zł2.2b | 99.3% | PB1.2x | Financials | |
| SPL Santander Bank Polska | zł512.40 | 4.0% +zł2.0b | 37.4% | PB1.6x | Financials |
