Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna Valuation
Is PKO undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
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 PKO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: PKO (PLN60.06) is trading below our estimate of fair value (PLN98.42)
Significantly Below Fair Value: PKO is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for PKO?
Other financial metrics that can be useful for relative valuation.
| What is PKO's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | zł75.08b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 0.8x |
Price to Earnings Ratio vs Peers
How does PKO's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 8.3x | ||
SPL Santander Bank Polska | 11x | 3.5% | zł57.4b |
PEO Bank Polska Kasa Opieki | 6.6x | -5.8% | zł43.9b |
ING ING Bank Slaski | 9.3x | 1.8% | zł41.2b |
BHW Bank Handlowy w Warszawie | 6.4x | -11.1% | zł14.5b |
PKO Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna | 13.6x | 17.4% | zł75.1b |
Price-To-Earnings vs Peers: PKO is expensive based on its Price-To-Earnings Ratio (13.6x) compared to the peer average (8.3x).
Price to Earnings Ratio vs Industry
How does PKO's PE Ratio compare vs other companies in the European Banks Industry?
Price-To-Earnings vs Industry: PKO is expensive based on its Price-To-Earnings Ratio (13.6x) compared to the European Banks industry average (7.8x).
Price to Earnings Ratio vs Fair Ratio
What is PKO'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 | 13.6x |
| Fair PE Ratio | 12.7x |
Price-To-Earnings vs Fair Ratio: PKO is expensive based on its Price-To-Earnings Ratio (13.6x) compared to the estimated Fair Price-To-Earnings Ratio (12.7x).
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 | zł60.06 | zł67.00 +11.6% | 11.9% | zł83.00 | zł55.00 | n/a | 11 |
| Apr ’25 | zł59.34 | zł62.36 +5.1% | 12.3% | zł74.00 | zł52.40 | n/a | 10 |
| Mar ’25 | zł56.24 | zł55.84 -0.7% | 14.1% | zł74.00 | zł42.60 | n/a | 11 |
| Feb ’25 | zł51.20 | zł55.11 +7.6% | 12.3% | zł68.00 | zł42.60 | n/a | 11 |
| Jan ’25 | zł50.32 | zł52.54 +4.4% | 9.9% | zł61.00 | zł42.60 | n/a | 11 |
| Dec ’24 | zł49.55 | zł50.56 +2.0% | 10.9% | zł61.00 | zł42.00 | n/a | 11 |
| Nov ’24 | zł43.52 | zł43.50 -0.05% | 9.5% | zł50.00 | zł36.00 | n/a | 11 |
| Oct ’24 | zł34.72 | zł41.79 +20.4% | 8.5% | zł48.00 | zł36.00 | n/a | 12 |
| Sep ’24 | zł37.86 | zł41.55 +9.7% | 10.4% | zł48.00 | zł35.00 | n/a | 12 |
| Aug ’24 | zł40.33 | zł40.68 +0.9% | 9.4% | zł46.70 | zł35.00 | n/a | 12 |
| Jul ’24 | zł36.15 | zł39.78 +10.0% | 10.7% | zł46.70 | zł34.20 | n/a | 12 |
| Jun ’24 | zł32.80 | zł37.63 +14.7% | 9.9% | zł46.00 | zł33.00 | n/a | 12 |
| May ’24 | zł32.07 | zł36.92 +15.1% | 11.3% | zł46.00 | zł32.00 | zł60.70 | 12 |
| Apr ’24 | zł28.52 | zł37.21 +30.5% | 11.6% | zł46.00 | zł32.00 | zł59.34 | 13 |
| Mar ’24 | zł31.35 | zł37.23 +18.8% | 11.9% | zł46.00 | zł30.00 | zł56.24 | 13 |
| Feb ’24 | zł32.16 | zł37.27 +15.9% | 11.8% | zł46.00 | zł30.00 | zł51.20 | 13 |
| Jan ’24 | zł30.29 | zł36.35 +20.0% | 14.2% | zł46.00 | zł28.00 | zł50.32 | 13 |
| Dec ’23 | zł29.67 | zł35.93 +21.1% | 14.9% | zł46.00 | zł27.00 | zł49.55 | 13 |
| Nov ’23 | zł26.07 | zł36.83 +41.3% | 24.5% | zł59.05 | zł26.00 | zł43.52 | 12 |
| Oct ’23 | zł21.84 | zł37.76 +72.9% | 23.2% | zł59.05 | zł27.00 | zł34.72 | 11 |
| Sep ’23 | zł22.09 | zł40.52 +83.4% | 27.3% | zł66.00 | zł27.00 | zł37.86 | 12 |
| Aug ’23 | zł26.92 | zł41.69 +54.9% | 25.9% | zł66.00 | zł29.00 | zł40.33 | 12 |
| Jul ’23 | zł27.50 | zł47.74 +73.6% | 23.2% | zł66.00 | zł30.00 | zł36.15 | 12 |
| Jun ’23 | zł31.53 | zł52.37 +66.1% | 15.6% | zł66.00 | zł38.00 | zł32.80 | 12 |
| May ’23 | zł32.81 | zł54.97 +67.5% | 11.6% | zł66.00 | zł43.00 | zł32.07 | 12 |
Analyst Forecast: Target price is less than 20% higher than the current share price.