Bank Handlowy w Warszawie S.A.

LSE:0DOS Stock Report

Market Cap: zł11.3b

Bank Handlowy w Warszawie Valuation

Is 0DOS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0DOS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0DOS (PLN87.35) is trading below our estimate of fair value (PLN224.79)

Significantly Below Fair Value: 0DOS is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0DOS?

Key metric: As 0DOS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0DOS. This is calculated by dividing 0DOS's market cap by their current earnings.
What is 0DOS's PE Ratio?
PE Ratio6.1x
Earningszł1.84b
Market Capzł11.30b

Price to Earnings Ratio vs Peers

How does 0DOS's PE Ratio compare to its peers?

The above table shows the PE ratio for 0DOS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average4.5x
BGEO Bank of Georgia Group
3.2x-3.2%UK£2.2b
TBCG TBC Bank Group
5x16.8%UK£1.8b
TCS TCS Group Holding
6.5xn/aUS$5.1b
HSBK Halyk Bank of Kazakhstan
3.3xn/aUS$5.1b
0DOS Bank Handlowy w Warszawie
6.1x-10.6%zł11.3b

Price-To-Earnings vs Peers: 0DOS is expensive based on its Price-To-Earnings Ratio (6.1x) compared to the peer average (4.5x).

Price to Earnings Ratio vs Industry

How does 0DOS's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0DOS 6.1xIndustry Avg. 7.3xNo. of Companies45PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0DOS is good value based on its Price-To-Earnings Ratio (6.1x) compared to the European Banks industry average (7.2x).

Price to Earnings Ratio vs Fair Ratio

What is 0DOS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0DOS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 0DOS's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0DOS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł87.35
zł107.63
+23.2%
12.1%zł131.00zł91.80n/a6
Nov ’25n/a
zł110.13
0%
12.0%zł131.00zł91.80n/a6
Oct ’25n/a
zł109.80
0%
12.3%zł131.00zł91.80n/a6
Sep ’25n/a
zł109.80
0%
12.3%zł131.00zł91.80n/a6
Aug ’25n/a
zł109.30
0%
12.4%zł131.00zł91.80n/a6
Jul ’25n/a
zł114.04
0%
14.3%zł140.50zł91.80n/a7
Jun ’25n/a
zł114.04
0%
14.3%zł140.50zł91.80n/a7
May ’25n/a
zł117.25
0%
13.2%zł140.50zł93.00n/a6
Apr ’25n/a
zł116.73
0%
13.5%zł140.50zł93.00n/a6
Mar ’25n/a
zł113.42
0%
12.8%zł140.50zł93.00n/a6
Feb ’25n/a
zł105.92
0%
16.3%zł140.50zł87.00n/a6
Jan ’25n/a
zł105.92
0%
16.3%zł140.50zł87.00n/a6
Dec ’24n/a
zł101.53
0%
9.4%zł114.20zł87.00n/a6
Nov ’24n/a
zł94.33
0%
17.5%zł114.20zł65.00n/a6
Oct ’24n/a
zł94.83
0%
16.5%zł114.20zł68.00n/a6
Sep ’24n/a
zł93.50
0%
16.6%zł114.20zł68.00n/a6
Aug ’24n/a
zł93.00
0%
17.6%zł114.20zł65.00n/a6
Jul ’24n/a
zł88.84
0%
16.6%zł111.40zł65.00n/a5
Jun ’24zł82.60
zł83.06
+0.6%
19.3%zł111.40zł65.00n/a5
May ’24n/a
zł86.26
0%
15.6%zł111.40zł71.90n/a5
Apr ’24n/a
zł82.15
0%
9.5%zł96.40zł71.90n/a6
Mar ’24n/a
zł80.96
0%
10.6%zł96.40zł71.90n/a6
Feb ’24n/a
zł80.96
0%
10.6%zł96.40zł71.90n/a6
Jan ’24n/a
zł77.33
0%
6.8%zł87.00zł71.90n/a6
Dec ’23n/a
zł73.49
0%
3.5%zł76.60zł69.00n/a6
Nov ’23n/a
zł73.84
0%
3.7%zł76.60zł69.00n/a5

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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