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Bank Polska Kasa Opieki

LSE:0DP0
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0DP0
LSE
PLN30B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Bank Polska Kasa Opieki S.A., a commercial bank, provides a range of banking services to individual, retail, corporate, and institutional clients primarily in Poland. The last earnings update was 58 days ago. More info.


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0DP0 Share Price and Events
7 Day Returns
0.3%
LSE:0DP0
-1.3%
GB Banks
1.2%
GB Market
1 Year Returns
-
LSE:0DP0
-9.9%
GB Banks
2.5%
GB Market
0DP0 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bank Polska Kasa Opieki (0DP0) 0.3% 5.6% 1.4% - -27.6% -40.4%
GB Banks -1.3% 6.6% 5.5% -9.9% 14.8% -12.4%
GB Market 1.2% 5.3% 9.8% 2.5% 16.9% 6.7%
1 Year Return vs Industry and Market
  • No trading data on 0DP0.
  • No trading data on 0DP0.
Price Volatility
0DP0
Industry
5yr Volatility vs Market

Value

 Is Bank Polska Kasa Opieki undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bank Polska Kasa Opieki to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bank Polska Kasa Opieki.

LSE:0DP0 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 12 analysts.
= Stable Book Value * Return on Equity
= PLN96.62 * 11.4%
PLN10.97
Book Value of Equity per Share Weighted future Book Value estimates from 11 analysts. PLN96.62
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:0DP0
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 7.1%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.595 (1 + (1- 19%) (48.46%))
0.885
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.885 * 7.14%)
7.55%

Discounted Cash Flow Calculation for LSE:0DP0 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Bank Polska Kasa Opieki is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:0DP0 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.4% – 7.55%) * PLN96.62)
PLN3.68
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= PLN3.68 / (7.55% - 1.23%)
PLN58.27
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= PLN96.62 + PLN58.27
PLN154.88
LSE:0DP0 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0DP0 represents 1.01737x of WSE:PEO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.01737x
Value per Share
(Listing Adjusted, PLN)
= Value per Share (PLN) x Listing Adjustment Factor
= PLN 154.88 x 1.01737
PLN157.57
Value per share (PLN) From above. PLN157.57
Current discount Discount to share price of PLN116.28
= -1 x (PLN116.28 - PLN157.57) / PLN157.57
26.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Bank Polska Kasa Opieki is available for.
Intrinsic value
26%
Share price is PLN116.28 vs Future cash flow value of PLN157.57
Current Discount Checks
For Bank Polska Kasa Opieki to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bank Polska Kasa Opieki's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bank Polska Kasa Opieki's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bank Polska Kasa Opieki's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bank Polska Kasa Opieki's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0DP0 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in PLN PLN8.71
WSE:PEO Share Price ** WSE (2019-04-25) in PLN PLN114.3
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 9.92x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.3x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bank Polska Kasa Opieki.

LSE:0DP0 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WSE:PEO Share Price ÷ EPS (both in PLN)

= 114.3 ÷ 8.71

13.12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bank Polska Kasa Opieki is overvalued based on earnings compared to the GB Banks industry average.
  • Bank Polska Kasa Opieki is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Bank Polska Kasa Opieki's expected growth come at a high price?
Raw Data
LSE:0DP0 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
7.7%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.84x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 566 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

LSE:0DP0 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.12x ÷ 7.7%

1.7x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bank Polska Kasa Opieki is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Bank Polska Kasa Opieki's assets?
Raw Data
LSE:0DP0 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in PLN PLN86.85
WSE:PEO Share Price * WSE (2019-04-25) in PLN PLN114.3
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.87x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.52x
LSE:0DP0 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WSE:PEO Share Price ÷ Book Value per Share (both in PLN)

= 114.3 ÷ 86.85

1.32x

* Primary Listing of Bank Polska Kasa Opieki.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bank Polska Kasa Opieki is overvalued based on assets compared to the GB Banks industry average.
X
Value checks
We assess Bank Polska Kasa Opieki's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Bank Polska Kasa Opieki has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Bank Polska Kasa Opieki expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bank Polska Kasa Opieki expected to grow at an attractive rate?
  • Bank Polska Kasa Opieki's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Bank Polska Kasa Opieki's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Bank Polska Kasa Opieki's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0DP0 Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0DP0 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 7.7%
LSE:0DP0 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 7.3%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:0DP0 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0DP0 Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 3,450
2022-12-31 8,851 2,816 1
2021-12-31 9,335 3,001 7
2020-12-31 8,729 2,719 13
2019-12-31 8,187 2,426 11
LSE:0DP0 Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-12-31 7,270 -9,400 2,287
2018-09-30 7,150 -7,064 2,592
2018-06-30 6,984 -6,557 2,522
2018-03-31 6,828 -5,730 2,518
2017-12-31 7,134 -7,529 2,475
2017-09-30 6,519 -7,227 1,916
2017-06-30 6,497 -6,646 1,900
2017-03-31 6,795 -6,855 2,056
2016-12-31 6,885 2,501 2,279
2016-09-30 6,850 4,607 2,223
2016-06-30 6,773 -881 2,313
2016-03-31 6,399 5,528 2,241

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bank Polska Kasa Opieki's earnings are expected to grow by 7.7% yearly, however this is not considered high growth (20% yearly).
  • Bank Polska Kasa Opieki's revenue is expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:0DP0 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Bank Polska Kasa Opieki Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0DP0 Future Estimates Data
Date (Data in PLN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 13.14 13.14 13.14 1.00
2022-12-31 10.73 12.26 9.20 2.00
2021-12-31 11.38 14.08 9.13 8.00
2020-12-31 10.32 11.84 8.92 11.00
2019-12-31 9.21 9.90 8.73 11.00
LSE:0DP0 Past Financials Data
Date (Data in PLN Millions) EPS *
2018-12-31 8.71
2018-09-30 9.88
2018-06-30 9.61
2018-03-31 9.59
2017-12-31 9.43
2017-09-30 7.30
2017-06-30 7.24
2017-03-31 7.83
2016-12-31 8.68
2016-09-30 8.47
2016-06-30 8.81
2016-03-31 8.54

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Bank Polska Kasa Opieki is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bank Polska Kasa Opieki's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bank Polska Kasa Opieki has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Bank Polska Kasa Opieki performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bank Polska Kasa Opieki's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bank Polska Kasa Opieki's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Bank Polska Kasa Opieki's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Bank Polska Kasa Opieki's 1-year earnings growth is negative, it can't be compared to the GB Banks industry average.
Earnings and Revenue History
Bank Polska Kasa Opieki's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bank Polska Kasa Opieki Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0DP0 Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 7,269.98 2,287.16 3,670.41
2018-09-30 7,150.32 2,592.06 3,667.20
2018-06-30 6,984.08 2,522.49 3,631.56
2018-03-31 6,828.02 2,517.75 3,522.77
2017-12-31 7,133.66 2,475.13 3,492.19
2017-09-30 6,519.09 1,915.71 3,475.84
2017-06-30 6,496.82 1,900.14 3,497.59
2017-03-31 6,794.53 2,055.59 3,551.44
2016-12-31 6,884.84 2,279.28 3,436.18
2016-09-30 6,850.39 2,222.93 3,434.35
2016-06-30 6,773.38 2,312.74 3,453.09
2016-03-31 6,398.69 2,241.44 3,457.36
2015-12-31 6,361.59 2,292.46 3,448.52
2015-09-30 6,372.12 2,545.12 3,432.72
2015-06-30 6,522.26 2,639.02 3,413.69
2015-03-31 6,689.90 2,704.89 3,397.40
2014-12-31 6,642.06 2,714.71 3,383.96
2014-09-30 6,642.21 2,759.27 3,391.19
2014-06-30 6,612.41 2,702.44 3,406.20
2014-03-31 6,638.91 2,739.06 3,434.06
2013-12-31 6,711.97 2,767.30 3,443.68
2013-09-30 6,807.60 2,753.52 3,461.90
2013-06-30 6,995.04 2,893.92 3,483.45
2013-03-31 7,024.74 2,867.43 3,511.98
2012-12-31 7,088.30 2,906.20 3,547.73
2012-09-30 7,076.01 2,932.68 3,585.82
2012-06-30 7,068.02 2,901.29 3,608.28

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bank Polska Kasa Opieki has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bank Polska Kasa Opieki used its assets more efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if Bank Polska Kasa Opieki improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Bank Polska Kasa Opieki's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bank Polska Kasa Opieki has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Bank Polska Kasa Opieki's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Bank Polska Kasa Opieki's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bank Polska Kasa Opieki Company Filings, last reported 3 months ago.

LSE:0DP0 Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 22,808.22 14,536.66 12,665.23
2018-09-30 22,000.31 12,905.82 7,022.76
2018-06-30 21,451.46 11,926.41 8,697.67
2018-03-31 23,009.79 12,566.02 9,039.03
2017-12-31 23,267.81 11,017.25 5,896.97
2017-09-30 22,268.42 9,254.40 6,715.64
2017-06-30 21,708.94 7,656.04 8,105.83
2017-03-31 23,397.74 8,659.87 7,894.58
2016-12-31 22,911.94 10,139.58 6,996.03
2016-09-30 22,739.22 10,055.64 7,175.52
2016-06-30 22,200.32 10,595.79 9,607.12
2016-03-31 24,052.17 10,511.63 6,760.11
2015-12-31 23,424.19 16,506.27 19,684.75
2015-09-30 22,862.36 16,740.12 19,090.52
2015-06-30 22,117.59 19,046.45 18,742.23
2015-03-31 24,523.56 17,324.74 16,824.37
2014-12-31 24,045.73 18,108.44 22,691.09
2014-09-30 23,402.02 19,703.47 13,532.42
2014-06-30 22,597.65 15,534.75 13,601.55
2014-03-31 24,172.76 12,393.61 12,079.34
2013-12-31 23,514.17 13,746.80 11,971.70
2013-09-30 23,014.28 15,331.98 12,101.58
2013-06-30 22,282.53 13,522.49 11,227.11
2013-03-31 24,031.62 13,472.84 11,923.40
2012-12-31 23,263.65 19,012.95 15,525.69
2012-09-30 22,393.34 15,817.14 11,794.55
2012-06-30 21,573.03 15,592.78 11,284.04
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Bank Polska Kasa Opieki has an acceptable proportion of non-loan assets held.
  • Bank Polska Kasa Opieki's liabilities are made up of primarily low risk sources of funding.
  • Loans at Bank Polska Kasa Opieki are broadly funded by customer deposits.
  • Bank Polska Kasa Opieki's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Bank Polska Kasa Opieki has a low allowance for bad loans.
  • Bank Polska Kasa Opieki has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Bank Polska Kasa Opieki's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bank Polska Kasa Opieki has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Bank Polska Kasa Opieki's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.77%
Current annual income from Bank Polska Kasa Opieki dividends. Estimated to be 5.95% next year.
If you bought PLN2,000 of Bank Polska Kasa Opieki shares you are expected to receive PLN115 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bank Polska Kasa Opieki's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • Bank Polska Kasa Opieki's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.1%).
Upcoming dividend payment

Purchase Bank Polska Kasa Opieki before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:0DP0 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:0DP0 Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 6.90 2.00
2022-12-31 6.49 2.00
2021-12-31 7.04 10.00
2020-12-31 6.89 14.00
2019-12-31 6.54 12.00
LSE:0DP0 Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2019-02-26 6.600 5.887
2018-03-29 7.900 7.077
2017-02-09 8.680 6.644
2016-02-09 8.700 6.453
2015-02-11 10.000 6.174
2014-03-12 9.960 5.438
2013-03-18 8.390 4.897
2012-11-13 5.380 3.330
2012-08-03 5.380 3.459
2012-03-19 5.380 3.745
2011-03-09 6.800 4.467
2010-03-15 2.900 1.708
2010-03-12 2.900 1.711
2010-03-03 0.000 0.000
2009-11-10 0.000 0.000
2009-08-04 0.000 0.000
2009-05-12 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bank Polska Kasa Opieki has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Bank Polska Kasa Opieki only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Bank Polska Kasa Opieki's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Bank Polska Kasa Opieki's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bank Polska Kasa Opieki afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bank Polska Kasa Opieki has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Bank Polska Kasa Opieki's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michal Krupinski
COMPENSATION PLN2,096,000
TENURE AS CEO 2.3 years
CEO Bio

Mr. Michal Krupinski has been a Vice President of Management Board at Bank Pekao S.A. since June 15, 2017. Mr. Krupinski served as the President of Management Board and Chief Executive Officer at Powszechny Zaklad Ubezpieczen Spólka Akcyjna from January 19, 2016 to March 22, 2017. He served as the Chief Executive Officer of PZU SA January 19, 2016. From 2011 to 2016, he served as the President of the Management Board of Merrill Lynch Polska and head of investing banking for Central and Eastern Europe in Bank of America Merrill Lynch. Mr. Krupinski was responsible for overseeing and conducting mergers and acquisitions as well as private and public placement. He provided advisory services on asset management, investment policy and capital structure in the banking and insurance sector among others. From 2008 to 2011, he was a Member of the Board of Directors in the World Bank in Washington. Mr. Krupinski was a joint decision-maker regarding IBRD loans and guarantees, IDA loans and guarantees, IFC, investment guarantees and the World Bank's strategy and policies. From 2006 to 2008, he was an Undersecretary of State in the Ministry of the Treasury, where he was responsible for ownership supervision among others. He oversaw the power sector consolidation program. He served as Chairman of Supervisory Board at Pekao Bank Hipoteczny SA from 2017 to 2018 and its Member of Supervisory Board until 2018. He served as the Chairman of Supervisory Board at Alior Bank S.A. until June 22, 2017 and served as its Member of Supervisory Board since April 04, 2016 until June 22, 2017. In 2012, he was awarded the title of Young Global Leader by the Davos World Economic Forum. He is fluent in English, French, German and Spanish. He holds a Diploma from the Warsaw School of Economics. He has earned a Diploma with honors in an Expert Course of Study in Economics at the Catholic University in Louvain. Mr. Krupinski completed the MBA Program at the Columbia University Graduate School of Business and he also studied at Harvard University.

CEO Compensation
  • Insufficient data for Michal to compare compensation growth.
  • Michal's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Bank Polska Kasa Opieki management team in years:

1.8
Average Tenure
  • The average tenure for the Bank Polska Kasa Opieki management team is less than 2 years, this suggests a new team.
Management Team

Michal Krupinski

TITLE
President of Management Board
COMPENSATION
PLN2M
TENURE
2.3 yrs

Tomasz Kubiak

TITLE
Vice President of the Management Board of Financial Division
COMPENSATION
PLN989K
TENURE
1.8 yrs

Michal Lehmann

TITLE
Vice President of the Management Board
COMPENSATION
PLN1M
TENURE
1.8 yrs

Marek Lusztyn

TITLE
Vice President of the Management Board
COMPENSATION
PLN1M
TENURE
1.8 yrs

Tomasz Styczynski

TITLE
Vice President of the Management Board
COMPENSATION
PLN1M
TENURE
1.8 yrs

Marek Tomczuk

TITLE
Vice President of the Management Board
COMPENSATION
PLN1M
TENURE
1.7 yrs

Magdalena Zmitrowicz

TITLE
Vice President of Management Board
COMPENSATION
PLN77K
TENURE
0.3 yrs

Pawel Stopczynski

TITLE
Secretary of the Supervisory Board & Member of the Supervisory Board

Piotr Wetmanski

TITLE
Member of Management Board
TENURE
0.3 yrs

Grzegorz Olszewski

TITLE
Member of Management Board
Board of Directors Tenure

Average tenure of the Bank Polska Kasa Opieki board of directors in years:

1.8
Average Tenure
  • The average tenure for the Bank Polska Kasa Opieki board of directors is less than 3 years, this suggests a new board.
Board of Directors

Pawel Surówka

TITLE
Chairman of the Supervisory Board
TENURE
1.8 yrs

Joanna Blaszczyk

TITLE
Deputy Chairman of the Supervisory Board

Stanislaw Kaczoruk

TITLE
Deputy Chairman of the Supervisory Board
AGE
62
TENURE
1.8 yrs

Pawel Stopczynski

TITLE
Secretary of the Supervisory Board & Member of the Supervisory Board
TENURE
1.8 yrs

Justyna Glebikowska-Michalak

TITLE
Independent Member of the Supervisory Board
TENURE
1.8 yrs

Grzegorz Janas

TITLE
Member of the Supervisory Board
AGE
44
TENURE
1.8 yrs

Michal Kaszynski

TITLE
Member of the Supervisory Board
TENURE
1.8 yrs

Stanislaw Kaczoruk

TITLE
Member of Supervisory Board
TENURE
1.8 yrs

Sabina Bigos-Jaworowska

TITLE
Member of the Supervisory Board
TENURE
1.8 yrs

Marian Majcher

TITLE
Member of the Supervisory Board
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (PLN) Value (PLN)
X
Management checks
We assess Bank Polska Kasa Opieki's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bank Polska Kasa Opieki has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Bank Polska Kasa Opieki S.A., a commercial bank, provides a range of banking services to individual, retail, corporate, and institutional clients primarily in Poland. It offers personal banking services, including personal and savings accounts; personal advisory and investment navigation; capital management services that include pioneer funds, term deposits, investment programs, brokerage, and structured products; cash loans, mortgage loans, and investment financing services; and credit cards, electronic banking, and brokerage services. The company also provides corporate banking products and services, such as current, escrow, term deposit, and negotiable accounts, as well as treasury bills and bonds; business operations and commercial real estate financing services; and electronic banking, cash management, and trade finance services. In addition, it offers treasury products, such as foreign exchange, hedging against foreign exchange risk, and interest rate hedging. Further, the company provides insurance products and services; private banking and assets management services; corporate finance services in the areas of mergers and acquisitions, and public and private offering, as well as securities trading on secondary market; and pension fund management, transferable agent, call-center, and real estate development services. Bank Polska Kasa Opieki S.A. was incorporated in 1929 and is headquartered in Warsaw, Poland.

Details
Name: Bank Polska Kasa Opieki S.A.
0DP0
Exchange: LSE
Founded: 1929
PLN30,000,324,886
262,470,034
Website: http://www.pekao.com.pl
Address: Bank Polska Kasa Opieki S.A.
53/57 Grzybowska Street,
Warsaw,
00-950,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE PEO Ordinary Bearer Shares Warsaw Stock Exchange PL PLN 02. Jul 1998
OTCPK BKPK.F Ordinary Bearer Shares Pink Sheets LLC US USD 02. Jul 1998
LSE 0DP0 Ordinary Bearer Shares London Stock Exchange GB PLN 02. Jul 1998
LSE BPKD GDS EACH REPR 1 PLN1 REG S London Stock Exchange GB USD 03. Nov 2000
BST BP1A GDS EACH REPR 1 PLN1 REG S Boerse-Stuttgart DE EUR 03. Nov 2000
Number of employees
Current staff
Staff numbers
16,714
Bank Polska Kasa Opieki employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 21:21
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/02/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.