ING Bank Slaski Valuation
Is ING undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation 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 ING when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: ING (PLN318) is trading below our estimate of fair value (PLN477.74)
Significantly Below Fair Value: ING is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for ING?
Other financial metrics that can be useful for relative valuation.
| What is ING's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | zł41.37b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 5.3x |
Price to Earnings Ratio vs Peers
How does ING's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 11.6x | ||
PEO Bank Polska Kasa Opieki | 6.7x | -5.8% | zł44.4b |
SPL Santander Bank Polska | 11x | 3.5% | zł57.3b |
BNP BNP Paribas Bank Polska | 14.7x | 15.6% | zł14.9b |
PKO Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna | 13.8x | 17.4% | zł75.9b |
ING ING Bank Slaski | 9.3x | 1.8% | zł41.4b |
Price-To-Earnings vs Peers: ING is good value based on its Price-To-Earnings Ratio (9.3x) compared to the peer average (11.6x).
Price to Earnings Ratio vs Industry
How does ING's PE Ratio compare vs other companies in the European Banks Industry?
Price-To-Earnings vs Industry: ING is expensive based on its Price-To-Earnings Ratio (9.3x) compared to the European Banks industry average (7.7x).
Price to Earnings Ratio vs Fair Ratio
What is ING'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 9.3x |
| Fair PE Ratio | 10.1x |
Price-To-Earnings vs Fair Ratio: ING is good value based on its Price-To-Earnings Ratio (9.3x) compared to the estimated Fair Price-To-Earnings Ratio (10.1x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | zł318.00 | zł315.58 -0.8% | 13.9% | zł369.00 | zł239.50 | n/a | 6 |
| Apr ’25 | zł339.50 | zł294.87 -13.1% | 13.8% | zł362.70 | zł239.50 | n/a | 6 |
| Mar ’25 | zł311.50 | zł261.79 -16.0% | 9.5% | zł305.00 | zł233.00 | n/a | 7 |
| Feb ’25 | zł285.00 | zł253.07 -11.2% | 15.7% | zł305.00 | zł172.00 | n/a | 7 |
| Jan ’25 | zł256.00 | zł252.93 -1.2% | 15.7% | zł305.00 | zł172.00 | n/a | 7 |
| Dec ’24 | zł249.00 | zł230.79 -7.3% | 15.3% | zł289.00 | zł172.00 | n/a | 7 |
| Nov ’24 | zł218.50 | zł200.37 -8.3% | 11.7% | zł242.00 | zł171.60 | n/a | 7 |
| Oct ’24 | zł180.00 | zł197.23 +9.6% | 11.3% | zł242.00 | zł171.60 | n/a | 7 |
| Sep ’24 | zł192.60 | zł201.51 +4.6% | 12.1% | zł242.00 | zł171.60 | n/a | 7 |
| Aug ’24 | zł196.00 | zł201.51 +2.8% | 12.1% | zł242.00 | zł171.60 | n/a | 7 |
| Jul ’24 | zł187.40 | zł200.01 +6.7% | 11.6% | zł242.50 | zł171.60 | n/a | 7 |
| Jun ’24 | zł166.80 | zł190.28 +14.1% | 13.8% | zł242.50 | zł164.00 | n/a | 7 |
| May ’24 | zł158.40 | zł189.42 +19.6% | 13.9% | zł242.50 | zł164.00 | zł318.00 | 7 |
| Apr ’24 | zł164.00 | zł190.35 +16.1% | 13.3% | zł241.00 | zł164.00 | zł339.50 | 7 |
| Mar ’24 | zł172.60 | zł184.91 +7.1% | 13.0% | zł241.00 | zł164.00 | zł311.50 | 7 |
| Feb ’24 | zł172.80 | zł184.91 +7.0% | 13.0% | zł241.00 | zł164.00 | zł285.00 | 7 |
| Jan ’24 | zł164.80 | zł179.91 +9.2% | 14.1% | zł241.00 | zł164.00 | zł256.00 | 7 |
| Dec ’23 | zł168.20 | zł178.91 +6.4% | 14.8% | zł241.00 | zł156.00 | zł249.00 | 7 |
| Nov ’23 | zł166.40 | zł182.00 +9.4% | 15.1% | zł241.00 | zł156.00 | zł218.50 | 6 |
| Oct ’23 | zł139.20 | zł197.43 +41.8% | 23.1% | zł290.00 | zł156.00 | zł180.00 | 7 |
| Sep ’23 | zł137.40 | zł206.20 +50.1% | 19.6% | zł290.00 | zł175.00 | zł192.60 | 7 |
| Aug ’23 | zł172.80 | zł234.77 +35.9% | 24.6% | zł345.00 | zł175.00 | zł196.00 | 7 |
| Jul ’23 | zł171.40 | zł252.30 +47.2% | 22.9% | zł345.00 | zł175.00 | zł187.40 | 7 |
| Jun ’23 | zł192.00 | zł282.57 +47.2% | 10.9% | zł345.00 | zł254.00 | zł166.80 | 7 |
| May ’23 | zł197.00 | zł282.57 +43.4% | 10.9% | zł345.00 | zł254.00 | zł158.40 | 7 |
Analyst Forecast: Target price is lower than the current share price.