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

0DRH is expensive based on its Price-To-Earnings Ratio (16.6x) compared to the peer average (4.3x).

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

0DRH is expensive based on its Price-To-Earnings Ratio (16.6x) compared to the European Banks industry average (7.7x).

What is 0DRH'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.

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

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

0DRH (PLN9.02) is trading below our estimate of [[fair value]] (PLN22.49)

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

Insufficient data to show price forecast.

0DRH Stock Overview

Provides various banking products and services in Poland. More details

0DRH fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	1/6
Financial Health	4/6
Dividends	0/6

Rewards

Trading at 59.9% below our estimate of its fair value

Earnings are forecast to grow 32.83% per year

Became profitable this year

Risk Analysis

Shares are highly illiquid

Large one-off items impacting financial results

My Notes

Capture your thoughts, links and company narrative

Bank Millennium S.A. Competitors

Bank of Georgia Group

LSE:BGEO

UK£2.0b

TBC Bank Group

LSE:TBCG

UK£1.7b

Halyk Bank of Kazakhstan

LSE:HSBK

US$5.1b

Close Brothers Group

LSE:CBG

UK£342.7m

Price History & Performance

Summary of share price highs, lows and changes for Bank Millennium
Historical stock prices
Current Share Price	zł9.02
52 Week High	zł10.51
52 Week Low	zł7.98
Beta	1.29
1 Month Change	0%
3 Month Change	0.44%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-10.22%

Recent updates

Shareholder Returns

	0DRH	GB Banks	GB Market
7D	0%	0.7%	0.5%
1Y	n/a	33.3%	2.7%

Return vs Industry: Insufficient data to determine how 0DRH performed against the UK Banks industry.

Return vs Market: Insufficient data to determine how 0DRH performed against the UK Market.

Price Volatility

Is 0DRH's price volatile compared to industry and market?
0DRH volatility
0DRH Average Weekly Movement	n/a
Banks Industry Average Movement	3.7%
Market Average Movement	4.7%
10% most volatile stocks in GB Market	10.5%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: 0DRH's share price has been volatile over the past 3 months compared to the UK market.

Volatility Over Time: Insufficient data to determine 0DRH's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1989	6,710	Joao Lima Bras Jorge	www.bankmillennium.pl

Bank Millennium S.A. provides various banking products and services in Poland. The company operates through Retail Customer; Corporate Customer; Treasury, Assets and Liabilities Management and Other segments. It also offers current and saving accounts; renewable, cash loans, loans secured with assets accumulated, and loans for purchase of securities, as well as mortgage loans; brokerage services; investment funds and solutions; payment cards; letter of credit; bank guarantee and document collection services; factoring; trade finance; treasury products, such as foreign currency exchange and hedge interest rates; custody services; pension schemes; overdraft; life and non-life insurance; and custodial services.

Bank Millennium S.A. Fundamentals Summary

How do Bank Millennium's earnings and revenue compare to its market cap?
0DRH fundamental statistics
Market cap	zł9.55b
Earnings (TTM)	zł574.73m
Revenue (TTM)	zł6.02b

16.6x

P/E Ratio

1.3x

P/B Ratio

Is 0DRH overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
0DRH income statement (TTM)
Revenue	zł6.02b
Cost of Revenue	zł48.51m
Gross Profit	zł5.97b
Other Expenses	zł5.40b
Earnings	zł574.73m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Oct 29, 2024

Earnings per share (EPS)	0.47
Gross Margin	99.19%
Net Profit Margin	9.55%
Debt/Equity Ratio	77.6%

How did 0DRH perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/10/26 05:11
End of Day Share Price	2024/07/29 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Bank Millennium S.A. is covered by 19 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Kamil Kliszcz	Biuro maklerskie mBanku
Maciej Szczesny	BofA Global Research
Andrzej Powierza	Citigroup Inc