NOT FOR DISTRIBUTION
Header cover image

Powszechny Zaklad Ubezpieczen

Market Cap

zł32.6b

Last Updated

2021/09/18 17:02 UTC

Data Sources

Company Financials +

Executive Summary

POWSZECHNY Zaklad Ubezpieczen SA provides life and non-life insurance products and services to individuals, institutional customers, and small and medium enterprises in Poland, the Baltic States, and Ukraine. More Details


Snowflake Analysis

Solid track record, good value and pays a dividend.


Similar Companies

Share Price & News

How has Powszechny Zaklad Ubezpieczen's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PZU is less volatile than 75% of Polish stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: PZU's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-7.4%

PZU

-0.6%

PL Insurance

-0.5%

PL Market


1 Year Return

41.0%

PZU

18.5%

PL Insurance

41.2%

PL Market

Return vs Industry: PZU exceeded the Polish Insurance industry which returned 18.5% over the past year.

Return vs Market: PZU matched the Polish Market which returned 41.2% over the past year.


Shareholder returns

PZUIndustryMarket
7 Day-7.4%-0.6%-0.5%
30 Day-5.7%-2.0%3.2%
90 Day-2.1%0.5%6.3%
1 Year54.1%41.0%25.9%18.5%44.7%41.2%
3 Year12.3%-4.4%19.1%0.9%25.9%18.6%
5 Year88.8%35.1%61.1%23.3%39.7%25.5%

Long-Term Price Volatility Vs. Market

How volatile is Powszechny Zaklad Ubezpieczen's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Powszechny Zaklad Ubezpieczen undervalued compared to its fair value and its price relative to the market?

22.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PZU (PLN37.72) is trading below our estimate of fair value (PLN48.39)

Significantly Below Fair Value: PZU is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PZU is good value based on its PE Ratio (9.9x) compared to the European Insurance industry average (11.1x).

PE vs Market: PZU is good value based on its PE Ratio (9.9x) compared to the Polish market (13.5x).


Price to Earnings Growth Ratio

PEG Ratio: PZU is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: PZU is overvalued based on its PB Ratio (1.9x) compared to the XE Insurance industry average (1.1x).


Future Growth

How is Powszechny Zaklad Ubezpieczen forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

4.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PZU's forecast earnings growth (4.9% per year) is above the savings rate (2.6%).

Earnings vs Market: PZU's earnings (4.9% per year) are forecast to grow slower than the Polish market (16.7% per year).

High Growth Earnings: PZU's earnings are forecast to grow, but not significantly.

Revenue vs Market: PZU's revenue is expected to decline over the next 3 years (-7.9% per year).

High Growth Revenue: PZU's revenue is forecast to decline over the next 3 years (-7.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PZU's Return on Equity is forecast to be low in 3 years time (16.7%).


Past Performance

How has Powszechny Zaklad Ubezpieczen performed over the past 5 years?

4.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PZU has high quality earnings.

Growing Profit Margin: PZU's current net profit margins (8.7%) are higher than last year (5.7%).


Past Earnings Growth Analysis

Earnings Trend: PZU's earnings have grown by 4.3% per year over the past 5 years.

Accelerating Growth: PZU's earnings growth over the past year (54.7%) exceeds its 5-year average (4.3% per year).

Earnings vs Industry: PZU earnings growth over the past year (54.7%) exceeded the Insurance industry 12.4%.


Return on Equity

High ROE: PZU's Return on Equity (11.4%) is considered low.


Financial Health

How is Powszechny Zaklad Ubezpieczen's financial position?


Financial Position Analysis

Short Term Liabilities: PZU's short term assets (PLN39.8B) do not cover its short term liabilities (PLN266.0B).

Long Term Liabilities: PZU's short term assets (PLN39.8B) do not cover its long term liabilities (PLN83.7B).


Debt to Equity History and Analysis

Debt Level: PZU's debt to equity ratio (57.2%) is considered high.

Reducing Debt: PZU's debt to equity ratio has reduced from 66.3% to 57.2% over the past 5 years.

Debt Coverage: PZU's debt is not well covered by operating cash flow (13.1%).

Interest Coverage: PZU's interest payments on its debt are well covered by EBIT (13.8x coverage).


Balance Sheet


Dividend

What is Powszechny Zaklad Ubezpieczen current dividend yield, its reliability and sustainability?

9.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PZU's dividend (9.28%) is higher than the bottom 25% of dividend payers in the Polish market (2.13%).

High Dividend: PZU's dividend (9.28%) is in the top 25% of dividend payers in the Polish market (6.02%)


Stability and Growth of Payments

Stable Dividend: PZU's dividend payments have been volatile in the past 10 years.

Growing Dividend: PZU's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (92.2%), PZU's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PZU's dividends in 3 years are forecast to be covered by earnings (79.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average management tenure


CEO

Beata Kozlowska-Chyla

1.5yrs

Tenure

zł12,892,000

Compensation

Ms. Beata Kozlowska-Chyla, Ph D., has been President of the Management Board at Powszechny Zaklad Ubezpieczen SA since October 2, 2020 and also served as Acting President of the Management Board since Marc...


CEO Compensation Analysis

Compensation vs Market: Beata's total compensation ($USD3.30M) is above average for companies of similar size in the Polish market ($USD899.88K).

Compensation vs Earnings: Beata's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: PZU's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: PZU's board of directors are considered experienced (3.7 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Powszechny Zaklad Ubezpieczen SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Powszechny Zaklad Ubezpieczen SA
  • Ticker: PZU
  • Exchange: WSE
  • Founded: 1803
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: zł32.572b
  • Shares outstanding: 863.52m
  • Website: https://www.pzu.pl

Number of Employees


Location

  • Powszechny Zaklad Ubezpieczen SA
  • Al. Jana Pawla II 24
  • Warsaw
  • 00-133
  • Poland

Listings


Biography

POWSZECHNY Zaklad Ubezpieczen SA provides life and non-life insurance products and services to individuals, institutional customers, and small and medium enterprises in Poland, the Baltic States, and Ukrai...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 17:02
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.