MIL Stock Overview
Bank Millennium S.A. provides various banking products and services in Poland.
No risks detected for MIL from our risk checks.
Bank Millennium Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||zł4.06|
|52 Week High||zł9.70|
|52 Week Low||zł3.96|
|1 Month Change||-14.38%|
|3 Month Change||-34.06%|
|1 Year Change||-20.51%|
|3 Year Change||-56.60%|
|5 Year Change||-45.48%|
|Change since IPO||203.70%|
Recent News & Updates
|MIL||PL Banks||PL Market|
Return vs Industry: MIL underperformed the Polish Banks industry which returned -18.5% over the past year.
Return vs Market: MIL exceeded the Polish Market which returned -23.8% over the past year.
|MIL Average Weekly Movement||6.8%|
|Banks Industry Average Movement||6.3%|
|Market Average Movement||6.3%|
|10% most volatile stocks in PL Market||11.3%|
|10% least volatile stocks in PL Market||4.2%|
Stable Share Price: MIL is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: MIL's weekly volatility (7%) has been stable over the past year.
About the Company
|1989||6,842||Joao Lima Bras Jorge||https://www.bankmillennium.pl|
Bank Millennium S.A. provides various banking products and services in Poland. It operates through Retail Customer; Corporate Customer; FX Mortgage Loans; and Treasury, Assets and Liabilities Management and Other segments. The company offers current accounts; saving products; renewable, cash loans, loans secured with assets accumulated in the Bank, 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; foreign currency exchange services; custody services; pension schemes; overdraft; life and non-life insurance; and custodial services.
Bank Millennium Fundamentals Summary
|MIL fundamental statistics|
Is MIL overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MIL income statement (TTM)|
|Cost of Revenue||zł40.71m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Jul 26, 2022
|Earnings per share (EPS)||-0.94|
|Net Profit Margin||-30.14%|
How did MIL perform over the long term?See historical performance and comparison
Is MIL undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MIL?
Other financial metrics that can be useful for relative valuation.
|What is MIL's n/a Ratio?|
Price to Book Ratio vs Peers
How does MIL's PB Ratio compare to its peers?
|MIL PB Ratio vs Peers|
|Company||PB||Estimated Growth||Market Cap|
Price-To-Book vs Peers: MIL is expensive based on its Price-To-Book Ratio (0.8x) compared to the peer average (0.8x).
Price to Earnings Ratio vs Industry
How does MIL's PE Ratio compare vs other companies in the Banks Industry?
Price-To-Book vs Industry: MIL is expensive based on its Price-To-Book Ratio (0.8x) compared to the Polish Banks industry average (0.8x)
Price to Book Ratio vs Fair Ratio
What is MIL's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PB Ratio||0.8x|
|Fair PB Ratio||n/a|
Price-To-Book vs Fair Ratio: Insufficient data to calculate MIL's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of MIL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MIL (PLN4.06) is trading below our estimate of fair value (PLN4.2)
Significantly Below Fair Value: MIL is trading below fair value, but not by a significant amount.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MIL's PEG Ratio to determine if it is good value.
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How is Bank Millennium forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MIL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.5%).
Earnings vs Market: MIL is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MIL is expected to become profitable in the next 3 years.
Revenue vs Market: MIL's revenue (5.2% per year) is forecast to grow faster than the Polish market (4.9% per year).
High Growth Revenue: MIL's revenue (5.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MIL's Return on Equity is forecast to be low in 3 years time (8.4%).
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How has Bank Millennium performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MIL is currently unprofitable.
Growing Profit Margin: MIL is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MIL is unprofitable, and losses have increased over the past 5 years at a rate of 57.3% per year.
Accelerating Growth: Unable to compare MIL's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MIL is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (86.5%).
Return on Equity
High ROE: MIL has a negative Return on Equity (-18.44%), as it is currently unprofitable.
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How is Bank Millennium's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score4/6
Financial Health Score 4/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: MIL's Assets to Equity ratio (17.7x) is moderate.
Allowance for Bad Loans: MIL has a low allowance for bad loans (68%).
Low Risk Liabilities: 94% of MIL's liabilities are made up of primarily low risk sources of funding.
Loan Level: MIL has an appropriate level of Loans to Assets ratio (71%).
Low Risk Deposits: MIL's Loans to Deposits ratio (80%) is appropriate.
Level of Bad Loans: MIL has a high level of bad loans (4.4%).
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What is Bank Millennium current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MIL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MIL'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 MIL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MIL's dividend payments have been increasing.
Current Payout to Shareholders
Earnings Coverage: MIL is not paying a notable dividend for the Polish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MIL's dividend in 3 years as they are not forecast to pay a notable one for the Polish market.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Joao Lima Bras Jorge (52 yo)
Mr. Joao Nuno Lima Bras Jorge has been the Chairman of the Management Board at Bank Millennium Spolka Akcyjna since October 24, 2013 and has been its Member of the Management Board since July 19, 2006. Mr....
CEO Compensation Analysis
Compensation vs Market: Joao's total compensation ($USD774.60K) is above average for companies of similar size in the Polish market ($USD512.29K).
Compensation vs Earnings: Joao's compensation has been consistent with company performance over the past year.
Experienced Management: MIL's management team is seasoned and experienced (12.2 years average tenure).
Experienced Board: MIL's board of directors are considered experienced (7.1 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 Millennium S.A.'s employee growth, exchange listings and data sources
- Name: Bank Millennium S.A.
- Ticker: MIL
- Exchange: WSE
- Founded: 1989
- Industry: Diversified Banks
- Sector: Banks
- Implied Market Cap: zł4.928b
- Shares outstanding: 1.21b
- Website: https://www.bankmillennium.pl
Number of Employees
- Bank Millennium S.A.
- Stanislawa Zaryna 2A
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/26 00:00|
|End of Day Share Price||2022/06/24 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.