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Powszechny Zaklad Ubezpieczen Spólka Akcyjna

LSE:0MYY
Snowflake Description

Proven track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0MYY
LSE
PLN37B
Market Cap
  1. Home
  2. GB
  3. Insurance
Company description

Powszechny Zaklad Ubezpieczen Spólka Akcyjna provides life and non-life insurance products and services to individuals, and small and medium enterprises in Poland, the Baltic States, and Ukraine. The last earnings update was 41 days ago. More info.


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0MYY Share Price and Events
7 Day Returns
1.4%
LSE:0MYY
2.6%
GB Insurance
0.5%
GB Market
1 Year Returns
-
LSE:0MYY
-5.9%
GB Insurance
0.8%
GB Market
0MYY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Powszechny Zaklad Ubezpieczen Spólka Akcyjna (0MYY) 1.4% 2.8% - - 20% -0.2%
GB Insurance 2.6% 7.8% 10.2% -5.9% 16.1% 24.1%
GB Market 0.5% 3.6% 7.6% 0.8% 15.9% 6.2%
1 Year Return vs Industry and Market
  • No trading data on 0MYY.
  • No trading data on 0MYY.
Price Volatility
0MYY
Industry
5yr Volatility vs Market

Value

 Is Powszechny Zaklad Ubezpieczen Spólka Akcyjna 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 Powszechny Zaklad Ubezpieczen Spólka Akcyjna 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 Powszechny Zaklad Ubezpieczen Spólka Akcyjna.

LSE:0MYY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 7 analysts.
= Stable Book Value * Return on Equity
= PLN19.26 * 20.6%
PLN3.97
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. PLN19.26
Discount Rate (Cost of Equity) See below 9.1%
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:0MYY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 7.1%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.723 (1 + (1- 19%) (74.49%))
1.107
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.107 * 7.14%)
9.13%

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

The calculations below outline how an intrinsic value for Powszechny Zaklad Ubezpieczen Spólka Akcyjna 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:0MYY Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (20.6% – 9.13%) * PLN19.26)
PLN2.21
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= PLN2.21 / (9.13% - 1.23%)
PLN27.98
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= PLN19.26 + PLN27.98
PLN47.24
LSE:0MYY Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0MYY represents 1.00684x of WSE:PZU
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00684x
Value per Share
(Listing Adjusted, PLN)
= Value per Share (PLN) x Listing Adjustment Factor
= PLN 47.24 x 1.00684
PLN47.56
Value per share (PLN) From above. PLN47.56
Current discount Discount to share price of PLN42.68
= -1 x (PLN42.68 - PLN47.56) / PLN47.56
10.3%

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

Current Discount
Amount off the current price Powszechny Zaklad Ubezpieczen Spólka Akcyjna is available for.
Intrinsic value
10%
Share price is PLN42.68 vs Future cash flow value of PLN47.56
Current Discount Checks
For Powszechny Zaklad Ubezpieczen Spólka Akcyjna to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna'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 Powszechny Zaklad Ubezpieczen Spólka Akcyjna's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Powszechny Zaklad Ubezpieczen Spólka Akcyjna's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0MYY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in PLN PLN3.72
WSE:PZU Share Price ** WSE (2019-04-17) in PLN PLN42.39
United Kingdom of Great Britain and Northern Ireland Insurance Industry PE Ratio Median Figure of 19 Publicly-Listed Insurance Companies 16.26x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

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

** Primary Listing of Powszechny Zaklad Ubezpieczen Spólka Akcyjna.

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

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

= 42.39 ÷ 3.72

11.39x

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

  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna is good value based on earnings compared to the GB Insurance industry average.
  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Powszechny Zaklad Ubezpieczen Spólka Akcyjna's expected growth come at a high price?
Raw Data
LSE:0MYY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
0.9%per year
United Kingdom of Great Britain and Northern Ireland Insurance Industry PEG Ratio Median Figure of 16 Publicly-Listed Insurance Companies 1.54x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.39x ÷ 0.9%

12.05x

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

  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Powszechny Zaklad Ubezpieczen Spólka Akcyjna's assets?
Raw Data
LSE:0MYY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in PLN PLN17.29
WSE:PZU Share Price * WSE (2019-04-17) in PLN PLN42.39
United Kingdom of Great Britain and Northern Ireland Insurance Industry PB Ratio Median Figure of 24 Publicly-Listed Insurance Companies 2.12x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
LSE:0MYY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 42.39 ÷ 17.29

2.45x

* Primary Listing of Powszechny Zaklad Ubezpieczen Spólka Akcyjna.

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

  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna is overvalued based on assets compared to the GB Insurance industry average.
X
Value checks
We assess Powszechny Zaklad Ubezpieczen Spólka Akcyjna'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 Insurance 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 Insurance industry average (and greater than 0)? (1 check)
  5. Powszechny Zaklad Ubezpieczen Spólka Akcyjna 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 Powszechny Zaklad Ubezpieczen Spólka Akcyjna expected to perform in the next 1 to 3 years based on estimates from 7 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
0.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Powszechny Zaklad Ubezpieczen Spólka Akcyjna expected to grow at an attractive rate?
  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna's earnings growth is positive but not above the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0MYY Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0MYY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 0.9%
LSE:0MYY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts -11.1%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Revenue Growth Rate Market Cap Weighted Average 18.3%
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:0MYY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0MYY Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 25,498 3,225 1
2022-12-31 25,111 3,290 1
2021-12-31 24,761 3,349 3
2020-12-31 24,504 3,341 5
2019-12-31 24,143 3,123 5
LSE:0MYY Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-12-31 36,972 403 3,213
2018-09-30 36,861 8,985 3,221
2018-06-30 36,668 7,615 2,897
2018-03-31 34,471 12,470 2,619
2017-12-31 32,490 15,422 2,895
2017-09-30 29,441 4,082 2,747
2017-06-30 26,604 5,091 2,713
2017-03-31 24,770 2,683 2,377
2016-12-31 23,409 4,237 1,935
2016-09-30 22,071 1,022 1,820
2016-06-30 20,717 2,396 1,681
2016-03-31 20,023 535 1,894

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna's earnings are expected to grow by 0.9% yearly, however this is not considered high growth (20% yearly).
  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:0MYY 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 7 Analyst Estimates (S&P Global) See Below

All data from Powszechny Zaklad Ubezpieczen Spólka Akcyjna Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0MYY Future Estimates Data
Date (Data in PLN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 3.77 3.84 3.70 2.00
2020-12-31 3.84 4.10 3.66 6.00
2019-12-31 3.72 4.20 3.47 7.00
LSE:0MYY Past Financials Data
Date (Data in PLN Millions) EPS *
2018-12-31 3.72
2018-09-30 3.73
2018-06-30 3.36
2018-03-31 3.03
2017-12-31 3.35
2017-09-30 3.18
2017-06-30 3.14
2017-03-31 2.75
2016-12-31 2.24
2016-09-30 2.11
2016-06-30 1.95
2016-03-31 2.19

*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.
  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Powszechny Zaklad Ubezpieczen Spólka Akcyjna'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.
Powszechny Zaklad Ubezpieczen Spólka Akcyjna has a total score of 0/6, 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 Powszechny Zaklad Ubezpieczen Spólka Akcyjna 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 Powszechny Zaklad Ubezpieczen Spólka Akcyjna's growth in the last year to its industry (Insurance).
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.
  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna's 1-year earnings growth exceeds its 5-year average (11% vs -1.9%)
  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna's earnings growth has exceeded the GB Insurance industry average in the past year (11% vs 5.3%).
Earnings and Revenue History
Powszechny Zaklad Ubezpieczen Spólka Akcyjna'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 Powszechny Zaklad Ubezpieczen Spólka Akcyjna Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0MYY 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 36,972.00 3,213.00 7,293.00
2018-09-30 36,861.00 3,221.00 7,328.00
2018-06-30 36,668.00 2,897.00 7,327.00
2018-03-31 34,471.00 2,619.00 6,774.00
2017-12-31 32,490.00 2,895.00 6,014.00
2017-09-30 29,441.00 2,747.00 5,286.00
2017-06-30 26,604.00 2,713.00 4,338.00
2017-03-31 24,770.00 2,377.00 3,817.00
2016-12-31 23,409.00 1,935.00 3,585.00
2016-09-30 22,070.80 1,819.51 3,112.00
2016-06-30 20,717.46 1,681.41 2,839.94
2016-03-31 20,022.69 1,893.67 2,600.98
2015-12-31 19,832.00 2,343.00 2,379.00
2015-09-30 19,876.28 2,236.39 2,178.66
2015-06-30 20,096.56 2,568.97 2,161.94
2015-03-31 20,396.23 3,148.62 2,116.09
2014-12-31 19,657.66 2,967.73 2,042.15
2014-09-30 19,733.51 3,092.04 2,002.58
2014-06-30 19,719.46 3,338.75 1,971.85
2014-03-31 19,405.23 3,216.03 1,918.69
2013-12-31 19,318.23 3,293.50 1,910.89
2013-09-30 19,795.81 3,180.80 1,951.65
2013-06-30 19,933.85 3,213.34 1,939.80
2013-03-31 19,941.66 3,270.80 1,946.37
2012-12-31 20,265.66 3,255.18 1,985.19
2012-09-30 19,500.97 3,326.60 1,433.79
2012-06-30 18,069.35 2,508.39 1,427.92

*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.
  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna used its assets more efficiently than the GB Insurance industry average last year based on Return on Assets.
  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Powszechny Zaklad Ubezpieczen Spólka Akcyjna'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 Insurance 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.
Powszechny Zaklad Ubezpieczen Spólka Akcyjna has a total score of 4/6, 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 Powszechny Zaklad Ubezpieczen Spólka Akcyjna's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Powszechny Zaklad Ubezpieczen Spólka Akcyjna's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Powszechny Zaklad Ubezpieczen Spólka Akcyjna'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.1x debt.
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 Powszechny Zaklad Ubezpieczen Spólka Akcyjna Company Filings, last reported 3 months ago.

LSE:0MYY Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 37,407.00 27,259.00 22,550.00
2018-09-30 36,012.00 26,309.00 14,418.00
2018-06-30 34,612.00 25,901.00 16,514.00
2018-03-31 37,630.00 26,617.00 16,118.00
2017-12-31 37,560.00 24,673.00 24,777.00
2017-09-30 35,930.00 21,950.00 24,399.00
2017-06-30 34,628.00 19,065.00 27,231.00
2017-03-31 18,157.00 8,438.00 15,629.00
2016-12-31 17,084.00 8,737.00 13,293.00
2016-09-30 16,267.79 10,668.00 11,341.28
2016-06-30 15,600.65 10,341.55 11,506.21
2016-03-31 15,704.81 9,319.45 9,725.46
2015-12-31 15,118.00 10,893.00 13,094.00
2015-09-30 12,369.71 2,874.19 9,661.24
2015-06-30 11,853.12 2,661.29 10,060.74
2015-03-31 14,084.46 2,884.25 14,151.64
2014-12-31 13,167.63 6,812.43 19,814.72
2014-09-30 12,778.72 2,891.23 12,843.87
2014-06-30 11,917.30 658.16 11,045.99
2014-03-31 13,887.66 509.18 12,317.73
2013-12-31 13,127.63 464.47 21,498.58
2013-09-30 12,681.97 584.05 10,677.45
2013-06-30 13,288.71 3,209.46 11,406.21
2013-03-31 14,952.08 1,506.86 11,538.07
2012-12-31 14,269.27 166.28 9,819.40
2012-09-30 13,800.62 1,705.62 7,370.61
2012-06-30 12,740.58 193.29 8,809.00
  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna's level of debt (72.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3.5% vs 72.9% today).
  • Debt is not well covered by operating cash flow (1.5%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.2x coverage).
X
Financial health checks
We assess Powszechny Zaklad Ubezpieczen Spólka Akcyjna'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. Powszechny Zaklad Ubezpieczen Spólka Akcyjna has a total score of 1/6, 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 Powszechny Zaklad Ubezpieczen Spólka Akcyjna'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
6.61%
Current annual income from Powszechny Zaklad Ubezpieczen Spólka Akcyjna dividends. Estimated to be 6.77% next year.
If you bought PLN2,000 of Powszechny Zaklad Ubezpieczen Spólka Akcyjna shares you are expected to receive PLN132 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?
  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Upcoming dividend payment

Purchase Powszechny Zaklad Ubezpieczen Spólka Akcyjna 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:0MYY 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 7 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Insurance Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 4.5%
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 5.2%

Industry and Market average data is calculated daily.

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

LSE:0MYY Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 3.05 1.00
2022-12-31 3.07 1.00
2021-12-31 2.99 3.00
2020-12-31 2.81 8.00
2019-12-31 2.82 4.00
LSE:0MYY Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2019-04-16 2.800 6.594
2018-05-16 2.500 6.092
2017-05-31 1.400 3.142
2016-08-24 2.080 6.384
2016-05-24 2.080 7.093
2015-08-26 3.000 8.364
2014-05-14 5.400 11.652
2014-03-13 10.800 25.444
2013-11-14 4.000 9.065
2013-08-27 4.000 9.125
2013-05-15 2.970 6.783
2013-03-12 2.970 7.101
2012-05-15 2.030 5.537
2012-03-15 2.030 6.355
2011-05-12 2.600 7.636
2011-03-15 2.600 7.161
2010-05-11 15.856 43.412

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

  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Powszechny Zaklad Ubezpieczen Spólka Akcyjna'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 (1.3x coverage).
X
Income/ dividend checks
We assess Powszechny Zaklad Ubezpieczen Spólka Akcyjna'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 Powszechny Zaklad Ubezpieczen Spólka Akcyjna afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Powszechny Zaklad Ubezpieczen Spólka Akcyjna 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 Powszechny Zaklad Ubezpieczen Spólka Akcyjna'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
Pawel Surówka
COMPENSATION PLN793,000
TENURE AS CEO 2 years
CEO Bio

Mr. Pawel Surowka, CFA has been President of the Management Board at Powszechny Zaklad Ubezpieczen SA since April 13, 2017. Mr. Surowka has been Financial Advisor at Bank of America Merrill Lynch - Paris, France since 2007. Mr. Surowka serves as Authorized Manager of AKT Altmärker Kunststoff-Technik GmbH. Mr. Surowka served as a Member of Management Board at Powszechny Zaklad Ubezpieczen Spólka Akcyjna since January 20, 2016. He served as an Automotive Sector Development Director at Boryszew S.A. until December 22, 2014 and served as its Member of Management Board until December 22, 2014. Mr. Surowka serves as Authorized Manager of AKT Altmarker Kunststoff-Technik GmbH. He studied in Ecole des Hautes Etudes en Sciences Sociales, Paris, Francja from 2004 to 2007. Mr. Surowka is Chartered Financial Analyst from Chartered Financial Analyst Institute in 2012. He holds Master of Advanced Studies (Diplome d'Etudes Approfondies DEA) from Universite Paris I Pantheon Sorbonne, Paris, France from 2002 to 2004, Master of Arts from Ludwig Maximilian University of Munich (LMU), Munich, Germany from 1999 to 2002 and Undergraduate studies.

CEO Compensation
  • Pawel's compensation has been consistent with company performance over the past year.
  • Pawel'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 Powszechny Zaklad Ubezpieczen Spólka Akcyjna management team in years:

2.1
Average Tenure
  • The tenure for the Powszechny Zaklad Ubezpieczen Spólka Akcyjna management team is about average.
Management Team

Pawel Surówka

TITLE
President of the Management Board & CEO
COMPENSATION
PLN793K
TENURE
2 yrs

Tomasz Kulik

TITLE
Management Board Member & CFO
COMPENSATION
PLN766K
TENURE
2.5 yrs

Roger Hodgkiss

TITLE
Member of Management Board
COMPENSATION
PLN766K
TENURE
3.3 yrs

Maciej Rapkiewicz

TITLE
Member of Management Board
COMPENSATION
PLN766K
TENURE
3.1 yrs

Malgorzata Sadurska

TITLE
Member of Management Board
COMPENSATION
PLN766K
TENURE
1.8 yrs

Alojzy Nowak

TITLE
Secretary of the Supervisory Board
COMPENSATION
PLN170K
TENURE
2.1 yrs

Marcin Eckert

TITLE
Group MD for Corporate Affairs & Member of the Management Board
TENURE
0.3 yrs

Katarzyna Lubkowska

TITLE
Director of the Accounting Department

Piotr Wisniewski

TITLE
Manager of the Investor Relations Section
Board of Directors Tenure

Average tenure of the Powszechny Zaklad Ubezpieczen Spólka Akcyjna board of directors in years:

2.1
Average Tenure
  • The average tenure for the Powszechny Zaklad Ubezpieczen Spólka Akcyjna board of directors is less than 3 years, this suggests a new board.
Board of Directors

Maciej Lopinski

TITLE
Chairman of the Supervisory Board
COMPENSATION
PLN169K
AGE
71
TENURE
1.3 yrs

Pawel Górecki

TITLE
Vice Chairman of the Supervisory Board
COMPENSATION
PLN170K
TENURE
1.3 yrs

Maciej Szyszko

TITLE
Chairman of Kommersant Ukraine
AGE
44
TENURE
7.8 yrs

Alojzy Nowak

TITLE
Secretary of the Supervisory Board
COMPENSATION
PLN170K
TENURE
6.9 yrs

Marcin Chludzinski

TITLE
Supervisory Board Member
COMPENSATION
PLN156K
TENURE
3.3 yrs

Maciej Zaborowski

TITLE
Supervisory Board Member
COMPENSATION
PLN156K
TENURE
3.3 yrs

Agata Górnicka

TITLE
Supervisory Board Member
COMPENSATION
PLN156K
TENURE
2.2 yrs

Katarzyna Lewandowska

TITLE
Supervisory Board Member
COMPENSATION
PLN157K
TENURE
2 yrs

Robert Snitko

TITLE
Supervisory Board Member
COMPENSATION
PLN156K
TENURE
2 yrs

Robert Jastrzebski

TITLE
Supervisory Board Member
COMPENSATION
PLN127K
TENURE
1.1 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 Powszechny Zaklad Ubezpieczen Spólka Akcyjna'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. Powszechny Zaklad Ubezpieczen Spólka Akcyjna 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

Powszechny Zaklad Ubezpieczen Spólka Akcyjna provides life and non-life insurance products and services to individuals, and small and medium enterprises in Poland, the Baltic States, and Ukraine. It operates through Corporate Insurance, Mass Insurance, Group and Individually Continued Insurance, Individual Insurance, Investments, Banking Activity, Pension Insurance, The Baltic States, Ukraine, Investment Contracts, and Other segments. The company offers a range of non-life insurance products, including motor insurance, property insurance, casualty insurance, agricultural insurance, fire and property, and third party liability insurance; accident, life, outpatient, hospital, medicine, and travel insurance, as well as a loyalty program; and asset management and banking products, as well as manages pension and investment funds. It also provides medical services; offers services in the areas of printing, IT, data center, contact center, auxiliary services related to insurance and pension funds, constant intermediation in conclusion of insurance agreements, financial and investment agreements, assistance agreements, and HR and payroll-related services; raises debt financing through the issue of bonds or other debt instruments; and leases office space. In addition, the company manufactures bathroom and kitchen taps, aluminum central heating radiators, valves, and sanitary ware products. The company distributes its products through a network of agents, multi agencies, insurance brokers, and bancassurance and strategic partnership programs. Powszechny Zaklad Ubezpieczen Spólka Akcyjna was founded in 1803 and is based in Warsaw, Poland.

Details
Name: Powszechny Zaklad Ubezpieczen Spólka Akcyjna
0MYY
Exchange: LSE
Founded: 1803
PLN36,593,083,271
863,248,013
Website: http://www.pzu.pl
Address: Powszechny Zaklad Ubezpieczen Spólka Akcyjna
Al. Jana Pawla II 24,
Warsaw,
00-133,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE PZU Bearer Shares Warsaw Stock Exchange PL PLN 11. May 2010
DB 7PZ Bearer Shares Deutsche Boerse AG DE EUR 11. May 2010
LSE 0MYY Bearer Shares London Stock Exchange GB PLN 11. May 2010
Number of employees
Current staff
Staff numbers
43,310
Powszechny Zaklad Ubezpieczen Spólka Akcyjna employees.
Industry
Multi-line Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 21:30
End of day share price update: 2019/04/17 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/03/13
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.