Executive Summary
KGHM Polska Miedz S.A. mines, produces, and sells copper, precious metals, and non-ferrous metals in Poland and internationally. More Details
Rewards
Risk Analysis
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
| KGH | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.8% | -5.4% | -3.0% |
| 30 Day | 6.0% | 6.8% | 2.7% |
| 90 Day | 56.7% | 47.5% | 16.8% |
| 1 Year | 96.1%96.1% | 75.1%73.5% | 0.7%-0.3% |
| 3 Year | 75.7%75.7% | 17.5%13.0% | -13.3%-18.5% |
| 5 Year | 269.6%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
1 week ago | Simply Wall St
What Kind Of Investors Own Most Of KGHM Polska Miedz S.A. (WSE:KGH)?3 weeks ago | Simply Wall St
Is KGHM Polska Miedz (WSE:KGH) Using Capital Effectively?1 month ago | Simply Wall St
If You Had Bought KGHM Polska Miedz (WSE:KGH) Stock Five Years Ago, You Could Pocket A 188% Gain TodayValuation
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.58yrs | zł1.21m | no data | |
| Vice President of the Management Board (Finance) & CFO | 2.58yrs | zł1.13m | no data | |
| Vice President of the Management Board (Production) | 2.5yrs | zł1.10m | no data | |
| Vice President of the Management Board (International Assets) | 2.33yrs | zł984.00k | no data | |
| Deputy CEO & Vice President of Management Board (Development) | 2.42yrs | zł1.01m | no data | |
| Secretary of the Supervisory Board & Independent Member of Supervisory Board | 2.5yrs | zł122.00k | no data | |
| Executive Director of Accounting Services Center & Chief Accountant | no data | no data | no data | |
| Director of Investor Relations Department | no data | no data | no data | |
| Managing Director of Trade and Logistics | no data | no data | no data | |
| Executive Director of Production Infrastructure and Hazards | no data | zł169.00k | no data | |
| Executive Director of Development management | no data | no data | no data |
2.5yrs
Average Tenure
Experienced Management: KGH's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Secretary of the Supervisory Board & Independent Member of Supervisory Board | 2.5yrs | zł122.00k | no data | |
| Employee Elected Member of the Supervisory Board | 5yrs | zł296.00k | no data | |
| Employees Elected Member of Supervisory Board | 9yrs | zł345.00k | no data | |
| Independent Member of the Supervisory Board | 5yrs | zł122.00k | no data | |
| Independent Member of the Supervisory Board | 5yrs | zł122.00k | no data | |
| Independent Chairman of Supervisory Board | 3yrs | zł134.00k | no data | |
| Independent Member of Supervisory Board | 2.5yrs | zł122.00k | no data | |
| Vice Chairman of Supervisory Board | 1yr | no data | no data | |
| Member of the Supervisory Board | 0.17yr | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KGH | WSE (Warsaw Stock Exchange) | Yes | Ordinary Shares | PL | PLN | Jul 1997 |
| KGHA | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jul 1997 |
| 0O8D | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | PLN | Jul 1997 |
| KGHP.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jul 1997 |
| KGHW | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | PLN | Jul 1997 |
| KGH | SEP (The Stock Exchange Prague Co. Ltd.) | Yes | Ordinary Shares | CZ | CZK | Jul 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 18:04 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.