Bank Polska Kasa Opieki Valuation
Is PEO undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
6/6Valuation Score 6/6
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 PEO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: PEO (PLN139.5) is trading below our estimate of fair value (PLN323.81)
Significantly Below Fair Value: PEO is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for PEO?
Key metric: As PEO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is PEO's PE Ratio? | |
|---|---|
| PE Ratio | 5.8x |
| Earnings | zł6.32b |
| Market Cap | zł36.61b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | -1x |
Price to Earnings Ratio vs Peers
How does PEO's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 11.1x | ||
SPL Santander Bank Polska | 8.7x | 4.1% | zł46.2b |
ING ING Bank Slaski | 7.5x | 1.0% | zł32.6b |
MBK mBank | 18.9x | 29.2% | zł23.4b |
PKO Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna | 9.3x | 7.9% | zł69.9b |
PEO Bank Polska Kasa Opieki | 5.8x | -5.8% | zł36.6b |
Price-To-Earnings vs Peers: PEO is good value based on its Price-To-Earnings Ratio (5.8x) compared to the peer average (11.1x).
Price to Earnings Ratio vs Industry
How does PEO's PE Ratio compare vs other companies in the European Banks Industry?
| 2 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 2 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: PEO is good value based on its Price-To-Earnings Ratio (5.8x) compared to the European Banks industry average (7.4x).
Price to Earnings Ratio vs Fair Ratio
What is PEO'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 | 5.8x |
| Fair PE Ratio | 8x |
Price-To-Earnings vs Fair Ratio: PEO is good value based on its Price-To-Earnings Ratio (5.8x) compared to the estimated Fair Price-To-Earnings Ratio (8x).
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 | zł139.50 | zł192.63 +38.1% | 9.0% | zł228.00 | zł173.00 | n/a | 13 |
| Nov ’25 | zł140.20 | zł194.09 +38.4% | 8.5% | zł228.00 | zł173.00 | n/a | 13 |
| Oct ’25 | zł145.35 | zł194.09 +33.5% | 8.5% | zł228.00 | zł173.00 | n/a | 13 |
| Sep ’25 | zł158.45 | zł192.40 +21.4% | 9.2% | zł228.00 | zł161.00 | n/a | 13 |
| Aug ’25 | zł156.00 | zł192.50 +23.4% | 9.6% | zł228.00 | zł161.00 | n/a | 13 |
| Jul ’25 | zł168.65 | zł194.66 +15.4% | 9.7% | zł228.00 | zł161.00 | n/a | 14 |
| Jun ’25 | zł160.00 | zł195.31 +22.1% | 8.9% | zł228.00 | zł173.00 | n/a | 14 |
| May ’25 | zł169.00 | zł192.52 +13.9% | 9.3% | zł228.00 | zł165.00 | n/a | 14 |
| Apr ’25 | zł181.85 | zł183.25 +0.8% | 12.8% | zł227.50 | zł150.00 | n/a | 12 |
| Mar ’25 | zł173.00 | zł173.81 +0.5% | 10.6% | zł202.00 | zł150.00 | n/a | 13 |
| Feb ’25 | zł154.55 | zł163.42 +5.7% | 11.4% | zł201.80 | zł131.00 | n/a | 13 |
| Jan ’25 | zł152.05 | zł159.19 +4.7% | 11.0% | zł201.80 | zł131.00 | n/a | 13 |
| Dec ’24 | zł147.80 | zł151.96 +2.8% | 14.8% | zł201.80 | zł109.00 | n/a | 13 |
| Nov ’24 | zł127.70 | zł131.00 +2.6% | 11.8% | zł156.00 | zł101.00 | zł140.20 | 12 |
| Oct ’24 | zł100.95 | zł128.31 +27.1% | 13.1% | zł156.00 | zł94.00 | zł145.35 | 13 |
| Sep ’24 | zł109.10 | zł128.50 +17.8% | 12.7% | zł156.00 | zł99.00 | zł158.45 | 13 |
| Aug ’24 | zł117.20 | zł125.96 +7.5% | 13.5% | zł156.00 | zł99.00 | zł156.00 | 13 |
| Jul ’24 | zł110.80 | zł124.73 +12.6% | 11.9% | zł156.00 | zł101.00 | zł168.65 | 13 |
| Jun ’24 | zł98.68 | zł120.77 +22.4% | 11.7% | zł156.00 | zł101.00 | zł160.00 | 13 |
| May ’24 | zł95.98 | zł117.69 +22.6% | 11.4% | zł156.00 | zł101.00 | zł169.00 | 13 |
| Apr ’24 | zł85.46 | zł113.00 +32.2% | 7.8% | zł127.00 | zł101.00 | zł181.85 | 13 |
| Mar ’24 | zł89.70 | zł108.68 +21.2% | 9.1% | zł127.00 | zł89.90 | zł173.00 | 13 |
| Feb ’24 | zł90.86 | zł108.61 +19.5% | 9.0% | zł127.00 | zł89.90 | zł154.55 | 13 |
| Jan ’24 | zł86.50 | zł105.53 +22.0% | 11.6% | zł127.00 | zł83.00 | zł152.05 | 13 |
| Dec ’23 | zł85.78 | zł104.30 +21.6% | 12.1% | zł127.00 | zł83.00 | zł147.80 | 13 |
| Nov ’23 | zł78.44 | zł99.76 +27.2% | 14.5% | zł127.00 | zł77.00 | zł127.70 | 13 |
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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