Polenergia Valuation
Is PEP undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
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 PEP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: PEP (PLN70) is trading below our estimate of fair value (PLN138.28)
Significantly Below Fair Value: PEP is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for PEP?
Key metric: As PEP is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is PEP's PE Ratio? | |
|---|---|
| PE Ratio | 15.5x |
| Earnings | zł348.83m |
| Market Cap | zł5.41b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.3x |
| Enterprise Value/EBITDA | 8.8x |
| PEG Ratio | -0.8x |
Price to Earnings Ratio vs Peers
How does PEP's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 21.4x | ||
ENA ENEA | 3.3x | -16.4% | zł6.7b |
601778 Jinko Power Technology | 48.7x | 44.9% | CN¥10.4b |
000791 GEPIC Energy Development | 16.3x | 9.8% | CN¥9.5b |
603693 Jiangsu New Energy Development | 17.3x | n/a | CN¥8.9b |
PEP Polenergia | 15.5x | -19.8% | zł5.4b |
Price-To-Earnings vs Peers: PEP is good value based on its Price-To-Earnings Ratio (15.5x) compared to the peer average (21.4x).
Price to Earnings Ratio vs Industry
How does PEP's PE Ratio compare vs other companies in the European Renewable Energy Industry?
| 1 Company | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 1 Company | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: PEP is good value based on its Price-To-Earnings Ratio (15.5x) compared to the European Renewable Energy industry average (15.5x).
Price to Earnings Ratio vs Fair Ratio
What is PEP'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 | 15.5x |
| Fair PE Ratio | 4x |
Price-To-Earnings vs Fair Ratio: PEP is expensive based on its Price-To-Earnings Ratio (15.5x) compared to the estimated Fair Price-To-Earnings Ratio (4x).
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 | zł70.00 | zł91.12 +30.2% | 14.8% | zł104.63 | zł77.60 | n/a | 2 |
| Dec ’25 | zł71.00 | zł95.59 +34.6% | 18.8% | zł113.57 | zł77.60 | n/a | 2 |
| Nov ’25 | zł76.00 | zł95.12 +25.2% | 13.9% | zł113.57 | zł83.60 | n/a | 3 |
| Oct ’25 | zł71.60 | zł95.12 +32.9% | 13.9% | zł113.57 | zł83.60 | n/a | 3 |
| Sep ’25 | zł71.80 | zł91.96 +28.1% | 9.5% | zł104.09 | zł83.60 | n/a | 3 |
| Aug ’25 | zł65.80 | zł88.56 +34.6% | 12.7% | zł104.09 | zł78.00 | n/a | 3 |
| Jul ’25 | zł63.80 | zł88.56 +38.8% | 12.7% | zł104.09 | zł78.00 | n/a | 3 |
| Jun ’25 | zł69.60 | zł88.41 +27.0% | 12.4% | zł103.62 | zł78.00 | n/a | 3 |
| May ’25 | zł66.60 | zł90.89 +36.5% | 16.5% | zł111.78 | zł77.30 | n/a | 3 |
| Apr ’25 | zł68.00 | zł92.13 +35.5% | 15.1% | zł111.78 | zł81.00 | n/a | 3 |
| Mar ’25 | zł69.20 | zł92.13 +33.1% | 15.1% | zł111.78 | zł81.00 | n/a | 3 |
| Feb ’25 | zł75.00 | zł96.39 +28.5% | 16.0% | zł111.78 | zł81.00 | n/a | 2 |
| Jan ’25 | zł76.80 | zł96.39 +25.5% | 16.0% | zł111.78 | zł81.00 | n/a | 2 |
| Dec ’24 | zł73.00 | zł96.39 +32.0% | 16.0% | zł111.78 | zł81.00 | zł71.00 | 2 |
| Nov ’24 | zł72.00 | zł97.09 +34.8% | 5.2% | zł102.17 | zł92.00 | zł76.00 | 2 |
| Feb ’24 | zł82.80 | zł88.43 +6.8% | 2.9% | zł92.00 | zł86.00 | zł75.00 | 3 |
| Jan ’24 | zł86.00 | zł88.43 +2.8% | 2.9% | zł92.00 | zł86.00 | zł76.80 | 3 |
| Dec ’23 | zł90.90 | zł89.06 -2.0% | 3.9% | zł93.90 | zł86.00 | zł73.00 | 3 |
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 20:17 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Polenergia S.A. is covered by 8 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kamil Kliszcz | Biuro maklerskie mBanku |
| Henning Esskuchen | Erste Group Bank AG |
| Petr Bartek | Erste Group Bank AG |