Bank Handlowy w Warszawie S.A. provides a range of banking services for individual and corporate clients in Poland and internationally.
Adequate balance sheet and overvalued.
Share Price & News
How has Bank Handlowy w Warszawie's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BHW has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: BHW exceeded the Polish Banks industry which returned -43.2% over the past year.
Return vs Market: BHW underperformed the Polish Market which returned -9.2% over the past year.
Price Volatility Vs. Market
How volatile is Bank Handlowy w Warszawie's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StHow Should Investors Feel About Bank Handlowy w Warszawie's (WSE:BHW) CEO Remuneration?
2 months ago | Simply Wall StSuch Is Life: How Bank Handlowy w Warszawie (WSE:BHW) Shareholders Saw Their Shares Drop 67%
3 months ago | Simply Wall StFactors Income Investors Should Consider Before Adding Bank Handlowy w Warszawie S.A. (WSE:BHW) To Their Portfolio
Is Bank Handlowy w Warszawie undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BHW (PLN36) is trading above our estimate of fair value (PLN11.14)
Significantly Below Fair Value: BHW is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BHW's PE Ratio (10.5x) is in line with the PL Banks industry average.
PE vs Market: BHW is good value based on its PE Ratio (10.5x) compared to the Polish market (13.9x).
Price to Earnings Growth Ratio
PEG Ratio: BHW is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: BHW's PB Ratio (0.7x) is in line with the PL Banks industry average.
How is Bank Handlowy w Warszawie forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BHW's forecast earnings growth (9.1% per year) is above the savings rate (2.9%).
Earnings vs Market: BHW's earnings (9.1% per year) are forecast to grow slower than the Polish market (13.4% per year).
High Growth Earnings: BHW's earnings are forecast to grow, but not significantly.
Revenue vs Market: BHW's revenue (1.1% per year) is forecast to grow slower than the Polish market (3.9% per year).
High Growth Revenue: BHW's revenue (1.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BHW's Return on Equity is forecast to be low in 3 years time (5.6%).
How has Bank Handlowy w Warszawie performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BHW has a high level of non-cash earnings.
Growing Profit Margin: BHW's current net profit margins (23.5%) are lower than last year (27%).
Past Earnings Growth Analysis
Earnings Trend: BHW's earnings have declined by 8.2% per year over the past 5 years.
Accelerating Growth: BHW's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BHW had negative earnings growth (-19%) over the past year, making it difficult to compare to the Banks industry average (-11.8%).
Return on Equity
High ROE: BHW's Return on Equity (6.3%) is considered low.
How is Bank Handlowy w Warszawie's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: BHW's Assets to Equity ratio (8.7x) is low.
Allowance for Bad Loans: BHW has a low allowance for bad loans (89%).
Low Risk Liabilities: 83% of BHW's liabilities are made up of primarily low risk sources of funding.
Loan Level: BHW has an appropriate level of Loans to Assets ratio (39%).
Low Risk Deposits: BHW's Loans to Deposits ratio (53%) is appropriate.
Level of Bad Loans: BHW has a high level of bad loans (3.5%).
What is Bank Handlowy w Warszawie current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BHW's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BHW'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 BHW's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BHW's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: BHW is not paying a notable dividend for the Polish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BHW's dividend in 3 years as they are not forecast to pay a notable one for the Polish market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Slawomir Sikora (58 yo)
Mr. Slawomir S. Sikora has been Chief Executive Officer of Citibank Handlowy of Citigroup Inc. since March 1, 2005 and serves as its President & Citi Country Officer of Citi Handlowy. Mr. Sikora is respons ...
CEO Compensation Analysis
Compensation vs Market: Slawomir's total compensation ($USD1.44M) is above average for companies of similar size in the Polish market ($USD905.39K).
Compensation vs Earnings: Slawomir's compensation has been consistent with company performance over the past year.
|President of Management Board & COO||no data||zł5.39m||no data|
|Vice President of Management Board||6.83yrs||zł1.51m||no data|
|Vice President of Management Board||6.42yrs||zł4.37m||no data|
|Vice President of Management Board||2.42yrs||zł1.23m||no data|
|Member of Management Board||4.58yrs||zł1.46m||no data|
|Member of Management Board||1.5yrs||zł1.52m||no data|
|Vice President of the Bank's Management Board||0.33yr||no data||no data|
|Head of Strategy & Investor Relations||no data||no data||no data|
Experienced Management: BHW's management team is considered experienced (3.5 years average tenure).
|Independent Supervisory Board Member||10.75yrs||no data||no data|
|Independent Supervisory Board Chairman||8.08yrs||no data||0.0017% |
|Independent Supervisory Board Member||17.17yrs||no data||no data|
|Supervisory Board Member||0.92yr||no data||no data|
|Independent Supervisory Board Member||23.42yrs||no data||no data|
|Independent Supervisory Board Member||11.17yrs||no data||no data|
|Independent Supervisory Board Member||1.17yrs||no data||no data|
|Independent Supervisory Board Deputy Chairman||3.58yrs||no data||no data|
|Independent Supervisory Board Member||1.17yrs||no data||no data|
|Member of Supervisory Board||0.92yr||no data||no data|
|Independent Supervisory Board Member||4.17yrs||no data||no data|
|Independent Supervisory Board Member||3.92yrs||no data||no data|
Experienced Board: BHW's board of directors are considered experienced (4 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Bank Handlowy w Warszawie S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Bank Handlowy w Warszawie S.A.
- Ticker: BHW
- Exchange: WSE
- Founded: 1870
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: zł4.769b
- Shares outstanding: 130.66m
- Website: https://www.citibank.pl
Number of Employees
- Bank Handlowy w Warszawie S.A.
- ul. Senatorska 16
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BHW||WSE (Warsaw Stock Exchange)||Yes||Common Bearer Shares||PL||PLN||Jul 1997|
|0DOS||LSE (London Stock Exchange)||Yes||Common Bearer Shares||GB||PLN||Jul 1997|
Bank Handlowy w Warszawie S.A. provides a range of banking services for individual and corporate clients in Poland and internationally. The company operates through two segments, Institutional Bank and Con ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/05 22:04|
|End of Day Share Price||2020/08/05 00:00|
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.