WSE:KGH

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KGHM Polska Miedz

Executive Summary

KGHM Polska Miedz S.A. mines, produces, and sells copper, precious metals, and non-ferrous metals in Poland and internationally. More Details


Snowflake Analysis

Adequate balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has KGHM Polska Miedz's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: KGH is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: KGH's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-6.8%

KGH

-5.4%

PL Metals and Mining

-3.0%

PL Market


1 Year Return

96.1%

KGH

73.5%

PL Metals and Mining

-0.3%

PL Market

Return vs Industry: KGH exceeded the Polish Metals and Mining industry which returned 74.2% over the past year.

Return vs Market: KGH exceeded the Polish Market which returned -0.4% over the past year.


Shareholder returns

KGHIndustryMarket
7 Day-6.8%-5.4%-3.0%
30 Day6.0%6.8%2.7%
90 Day56.7%47.5%16.8%
1 Year96.1%96.1%75.1%73.5%0.7%-0.3%
3 Year75.7%75.7%17.5%13.0%-13.3%-18.5%
5 Year269.6%258.8%195.1%172.3%26.2%11.9%

Long-Term Price Volatility Vs. Market

How volatile is KGHM Polska Miedz's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is KGHM Polska Miedz undervalued compared to its fair value and its price relative to the market?

42.55x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KGH (PLN198.05) is trading above our estimate of fair value (PLN169.58)

Significantly Below Fair Value: KGH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: KGH is poor value based on its PE Ratio (42.5x) compared to the PL Metals and Mining industry average (11.3x).

PE vs Market: KGH is poor value based on its PE Ratio (42.5x) compared to the Polish market (13.8x).


Price to Earnings Growth Ratio

PEG Ratio: KGH is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: KGH is overvalued based on its PB Ratio (1.9x) compared to the PL Metals and Mining industry average (1.1x).


Next Steps

Future Growth

How is KGHM Polska Miedz forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

23.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KGH's forecast earnings growth (23.8% per year) is above the savings rate (2.7%).

Earnings vs Market: KGH's earnings (23.8% per year) are forecast to grow faster than the Polish market (17.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: KGH's revenue (2.4% per year) is forecast to grow slower than the Polish market (6% per year).

High Growth Revenue: KGH's revenue (2.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KGH's Return on Equity is forecast to be low in 3 years time (12.5%).


Next Steps

Past Performance

How has KGHM Polska Miedz performed over the past 5 years?

53.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KGH has high quality earnings.

Growing Profit Margin: KGH's current net profit margins (4.2%) are lower than last year (10.4%).


Past Earnings Growth Analysis

Earnings Trend: KGH has become profitable over the past 5 years, growing earnings by 53.5% per year.

Accelerating Growth: KGH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: KGH had negative earnings growth (-60.2%) over the past year, making it difficult to compare to the Metals and Mining industry average (-3.8%).


Return on Equity

High ROE: KGH's Return on Equity (4.4%) is considered low.


Next Steps

Financial Health

How is KGHM Polska Miedz's financial position?


Financial Position Analysis

Short Term Liabilities: KGH's short term assets (PLN8.0B) exceed its short term liabilities (PLN6.8B).

Long Term Liabilities: KGH's short term assets (PLN8.0B) do not cover its long term liabilities (PLN13.9B).


Debt to Equity History and Analysis

Debt Level: KGH's debt to equity ratio (33.5%) is considered satisfactory.

Reducing Debt: KGH's debt to equity ratio has increased from 23.5% to 33.5% over the past 5 years.

Debt Coverage: KGH's debt is well covered by operating cash flow (82.5%).

Interest Coverage: KGH earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is KGHM Polska Miedz current dividend yield, its reliability and sustainability?

2.52%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate KGH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate KGH'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 KGH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KGH's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: KGH is not paying a notable dividend for the Polish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of KGH's dividend in 3 years as they are not forecast to pay a notable one for the Polish market.


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

Marcin Chludzinski

2.58yrs

Tenure

zł1,213,000

Compensation

Mr. Marcin Chludzinski serves as Chief Executive Officer and has served as President of the Management Board at KGHM Polska Miedz Spólka Akcyjna since July 6, 2018 and has been its President since 2018.


CEO Compensation Analysis

Compensation vs Market: Marcin's total compensation ($USD323.21K) is below average for companies of similar size in the Polish market ($USD3.97M).

Compensation vs Earnings: Marcin's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Marcin Chludzinski
President2.58yrszł1.21mno data
Katarzyna Kreczmanska-Gigol
Vice President of the Management Board (Finance) & CFO2.58yrszł1.13mno data
Radoslaw Stach
Vice President of the Management Board (Production)2.5yrszł1.10mno data
Pawel Gruza
Vice President of the Management Board (International Assets)2.33yrszł984.00kno data
Adam Bugajczuk
Deputy CEO & Vice President of Management Board (Development)2.42yrszł1.01mno data
Jaroslaw Janas
Secretary of the Supervisory Board & Independent Member of Supervisory Board2.5yrszł122.00kno data
Lukasz Stelmach
Executive Director of Accounting Services Center & Chief Accountantno datano datano data
Janusz Krystosiak
Director of Investor Relations Departmentno datano datano data
Danuta Tuchorska
Managing Director of Trade and Logisticsno datano datano data
Pawel Markowski
Executive Director of Production Infrastructure and Hazardsno datazł169.00kno data
Aneta Bielecka-Laskownicka
Executive Director of Development managementno datano datano data

2.5yrs

Average Tenure

Experienced Management: KGH's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jaroslaw Janas
Secretary of the Supervisory Board & Independent Member of Supervisory Board2.5yrszł122.00kno data
Józef Czyczerski
Employee Elected Member of the Supervisory Board5yrszł296.00kno data
Boguslaw Szarek
Employees Elected Member of Supervisory Board9yrszł345.00kno data
Marek Pietrzak
Independent Member of the Supervisory Board5yrszł122.00kno data
Agnieszka Winnik-Kalemba
Independent Member of the Supervisory Board5yrszł122.00kno data
Andrzej Kisielewicz
Independent Chairman of Supervisory Board3yrszł134.00kno data
Bartosz Piechota
Independent Member of Supervisory Board2.5yrszł122.00kno data
Katarzyna Lewandowska
Vice Chairman of Supervisory Board1yrno datano data
Przemyslaw Darowski
Member of the Supervisory Board0.17yrno datano data

3.0yrs

Average Tenure

Experienced Board: KGH's board of directors are considered experienced (3 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

KGHM Polska Miedz S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: KGHM Polska Miedz S.A.
  • Ticker: KGH
  • Exchange: WSE
  • Founded: 1961
  • Industry: Copper
  • Sector: Materials
  • Market Cap: zł39.610b
  • Shares outstanding: 200.00m
  • Website: https://kghm.com

Number of Employees


Location

  • KGHM Polska Miedz S.A.
  • 48 M.Sklodowskiej-Curie Street
  • Lubin
  • 59-301
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KGHWSE (Warsaw Stock Exchange)YesOrdinary SharesPLPLNJul 1997
KGHADB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 1997
0O8DLSE (London Stock Exchange)YesOrdinary SharesGBPLNJul 1997
KGHP.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 1997
KGHWBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBPLNJul 1997
KGHSEP (The Stock Exchange Prague Co. Ltd.)YesOrdinary SharesCZCZKJul 1997

Biography

KGHM Polska Miedz S.A. mines, produces, and sells copper, precious metals, and non-ferrous metals in Poland and internationally. The company offers copper cathodes, wire rods, Cu-OFE and Cu-Ag wires, and g...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 18:04
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.