DB:7PZ

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Powszechny Zaklad Ubezpieczen

Executive Summary

Powszechny Zaklad Ubezpieczen SA provides life and non-life insurance products and services to individuals, institutional, and small and medium enterprises in Poland, the Baltic States, and Ukraine. More Details


Snowflake Analysis

Good value with imperfect balance sheet.


Similar Companies

Share Price & News

How has Powszechny Zaklad Ubezpieczen's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 7PZ's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-11.0%

7PZ

-0.2%

DE Insurance

1.9%

DE Market


1 Year Return

-38.3%

7PZ

-17.9%

DE Insurance

4.4%

DE Market

Return vs Industry: 7PZ underperformed the German Insurance industry which returned -19.8% over the past year.

Return vs Market: 7PZ underperformed the German Market which returned 2.6% over the past year.


Shareholder returns

7PZIndustryMarket
7 Day-11.0%-0.2%1.9%
30 Day-15.3%-9.7%-1.2%
90 Day-18.1%-8.3%3.2%
1 Year-38.3%-38.3%-13.4%-17.9%6.9%4.4%
3 Year-43.9%-51.0%12.2%-2.4%1.9%-6.4%
5 Year-24.9%-41.5%53.7%21.9%32.5%14.4%

Price Volatility Vs. Market

How volatile is Powszechny Zaklad Ubezpieczen's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Powszechny Zaklad Ubezpieczen undervalued compared to its fair value and its price relative to the market?

45.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 7PZ (€5.2) is trading below our estimate of fair value (€9.49)

Significantly Below Fair Value: 7PZ is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 7PZ is poor value based on its PE Ratio (10.3x) compared to the DE Insurance industry average (10x).

PE vs Market: 7PZ is good value based on its PE Ratio (10.3x) compared to the German market (22x).


Price to Earnings Growth Ratio

PEG Ratio: 7PZ is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: 7PZ is overvalued based on its PB Ratio (1.3x) compared to the DE Insurance industry average (0.9x).


Next Steps

Future Growth

How is Powszechny Zaklad Ubezpieczen forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

11.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 7PZ's forecast earnings growth (11.1% per year) is above the savings rate (0.2%).

Earnings vs Market: 7PZ's earnings (11.1% per year) are forecast to grow slower than the German market (27.6% per year).

High Growth Earnings: 7PZ's earnings are forecast to grow, but not significantly.

Revenue vs Market: 7PZ's revenue is expected to decline over the next 3 years (-9.5% per year).

High Growth Revenue: 7PZ's revenue is forecast to decline over the next 3 years (-9.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 7PZ's Return on Equity is forecast to be low in 3 years time (18.2%).


Next Steps

Past Performance

How has Powszechny Zaklad Ubezpieczen performed over the past 5 years?

8.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 7PZ has a large one-off loss of PLN1.4B impacting its June 30 2020 financial results.

Growing Profit Margin: 7PZ's current net profit margins (5.1%) are lower than last year (7.9%).


Past Earnings Growth Analysis

Earnings Trend: 7PZ's earnings have grown by 8.1% per year over the past 5 years.

Accelerating Growth: 7PZ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 7PZ had negative earnings growth (-35.4%) over the past year, making it difficult to compare to the Insurance industry average (-12.4%).


Return on Equity

High ROE: 7PZ's Return on Equity (8.1%) is considered low.


Next Steps

Financial Health

How is Powszechny Zaklad Ubezpieczen's financial position?


Financial Position Analysis

Short Term Liabilities: 7PZ's short term assets (PLN111.5B) do not cover its short term liabilities (PLN221.5B).

Long Term Liabilities: 7PZ's short term assets (PLN111.5B) do not cover its long term liabilities (PLN114.4B).


Debt to Equity History and Analysis

Debt Level: 7PZ's debt to equity ratio (68.6%) is considered high.

Reducing Debt: 7PZ's debt to equity ratio has increased from 22.5% to 68.6% over the past 5 years.

Debt Coverage: 7PZ's debt is well covered by operating cash flow (111.3%).

Interest Coverage: 7PZ's interest payments on its debt are well covered by EBIT (4.5x coverage).


Balance Sheet


Next Steps

Dividend

What is Powszechny Zaklad Ubezpieczen current dividend yield, its reliability and sustainability?

9.34%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 7PZ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 7PZ's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 7PZ's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 7PZ's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 7PZ is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 7PZ's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.5yrs

Average management tenure


CEO

Beata Kozlowska-Chyla

0.50

Tenure

zł634,000

Compensation

Mrs. Beata Kozlowska-Chyla, Ph.D., serves as Acting President of the Management Board of Powszechny Zaklad Ubezpieczen SA since March, 2020. She has been the Chairman of Supervisory Board at Grupa LOTOS Sp ...


CEO Compensation Analysis

Compensation vs Market: Beata's total compensation ($USD0.00) is below average for companies of similar size in the German market ($USD3.95M).

Compensation vs Earnings: Insufficient data to compare Beata's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Maciej Rapkiewicz
Member of Management Board4.5yrszł1.73mno data
Tomasz Kulik
Management Board Member3.92yrszł1.48m0.00033%
PLN 15.7k
Malgorzata Sadurska
Member of Management Board3.25yrszł1.54mno data
Marcin Eckert
Group MD for Corporate Affairs & Member of the Management Board1.5yrszł672.00kno data
Beata Kozlowska-Chyla
Acting President of the Management Board0.50yrzł634.00kno data
Ernest Bejda
Member of the Management Board0.33yrno datano data
Malgorzata Kot
Member of Management Board0.25yrno datano data
Krzysztof Szypula
Member of Management Boardno datano datano data
Katarzyna Lubkowska
Director of the Accounting Departmentno datano datano data
Magdalena Komaracka
Director of IRno datano datano data
Piotr Wisniewski
Manager of the Investor Relations Sectionno datano datano data

1.5yrs

Average Tenure

Experienced Management: 7PZ's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Maciej Szyszko
Chairman of Kommersant Ukraine9.25yrsno datano data
Marcin Chludzinski
Supervisory Board Member4.67yrszł167.00kno data
Maciej Zaborowski
Independent Supervisory Board Member4.67yrszł167.00kno data
Pawel Górecki
Vice Chairman of the Supervisory Board2.67yrszł182.00kno data
Agata Górnicka
Supervisory Board Member3.58yrszł167.00kno data
Robert Snitko
Independent Supervisory Board Member3.42yrszł167.00kno data
Maciej Lopinski
Chairman of the Supervisory Board2.67yrszł184.00kno data
Robert Jastrzebski
Supervisory Board Member2.5yrszł176.00kno data
Tomasz Kuczur
Supervisory Board Member1.33yrszł101.00kno data
Elzbieta Maczynska-Ziemacka
Member of the Supervisory Board1.33yrszł101.00kno data
Krzysztof Opolski
Independent Member of the Supervisory Board1.33yrszł101.00kno data
Józef Wierzbowski
Member of the Supervisory Board0.67yrno datano data

2.7yrs

Average Tenure

Experienced Board: 7PZ's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Powszechny Zaklad Ubezpieczen SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Powszechny Zaklad Ubezpieczen SA
  • Ticker: 7PZ
  • Exchange: DB
  • Founded: 1803
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: zł21.856b
  • Listing Market Cap: zł4.770b
  • Shares outstanding: 863.52m
  • Website: https://www.pzu.pl

Number of Employees


Location

  • Powszechny Zaklad Ubezpieczen SA
  • Al. Jana Pawla II 24
  • Warsaw
  • 00-133
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PZUWSE (Warsaw Stock Exchange)YesBearer SharesPLPLNMay 2010
0MYYLSE (London Stock Exchange)YesBearer SharesGBPLNMay 2010
7PZDB (Deutsche Boerse AG)YesBearer SharesDEEURMay 2010
PWZY.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDMay 2010
PZUWBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBPLNMay 2010
PZAK.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDNov 2011

Biography

Powszechny Zaklad Ubezpieczen SA provides life and non-life insurance products and services to individuals, institutional, and small and medium enterprises in Poland, the Baltic States, and Ukraine. It ope ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/28 21:18
End of Day Share Price2020/09/28 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.