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PGE

PGE Polska Grupa EnergetycznaWSE:PGE Stock Report

Market Cap

zł15.2b

7D

-6.3%

1Y

27.2%

Updated

08 Dec, 2021

Data

Company Financials +
PGE fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance2/6
Financial Health6/6
Dividends0/6

PGE Stock Overview

PGE Polska Grupa Energetyczna S.A. engages in the production, transmission, and distribution of electricity in Poland.

Rewards

Trading at 82.5% below our estimate of its fair value

Earnings are forecast to grow 4.57% per year

Became profitable this year

Risk Analysis

No risks detected for PGE from our risk checks.

PGE Polska Grupa Energetyczna Competitors

TAURON Polska Energia

WSE:TPE

zł4.7b

ENEA

WSE:ENA

zł3.8b

Energa

WSE:ENG

zł3.2b

Zespól Elektrowni Patnów-Adamów-Konin

WSE:ZEP

zł958.0m

Price History & Performance

Summary of all time highs, changes and price drops for PGE Polska Grupa Energetyczna
Historical stock prices
Current Share Pricezł8.15
52 Week Highzł10.98
52 Week Lowzł5.88
Beta1.35
1 Month Change-19.35%
3 Month Change-17.30%
1 Year Change27.20%
3 Year Change-22.57%
5 Year Change-17.13%
Change since IPO-67.34%

Recent News & Updates

Nov 28
What Does PGE Polska Grupa Energetyczna S.A.'s (WSE:PGE) Share Price Indicate?

What Does PGE Polska Grupa Energetyczna S.A.'s (WSE:PGE) Share Price Indicate?

PGE Polska Grupa Energetyczna S.A. ( WSE:PGE ), is not the largest company out there, but it received a lot of...

Shareholder Returns

PGEPL Electric UtilitiesPL Market
7D-6.3%-6.1%0.2%
1Y27.2%21.5%15.8%

Return vs Industry: PGE exceeded the Polish Electric Utilities industry which returned 23.2% over the past year.

Return vs Market: PGE exceeded the Polish Market which returned 16.2% over the past year.

Price Volatility

Is PGE's price volatile compared to industry and market?
PGE volatility
PGE Average Weekly Movement5.3%
Electric Utilities Industry Average Movement5.2%
Market Average Movement5.5%
10% most volatile stocks in PL Market10.6%
10% least volatile stocks in PL Market3.3%

Stable Share Price: PGE is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: PGE's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200740,000Wojciech Dabrowskihttps://www.gkpge.pl

PGE Polska Grupa Energetyczna S.A. engages in the production, transmission, and distribution of electricity in Poland. The company operates through five segments: Conventional Generation, Renewables, Supply, Distribution, and Other Operations. It generates electricity from fossil fuels comprising lignite, hard coal, biomass, and natural gas, as well as renewable energy sources, such as hydro, wind, and photovoltaic.

PGE Polska Grupa Energetyczna Fundamentals Summary

How do PGE Polska Grupa Energetyczna's earnings and revenue compare to its market cap?
PGE fundamental statistics
Market Capzł15.23b
Earnings (TTM)zł3.78b
Revenue (TTM)zł45.52b

4.0x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PGE income statement (TTM)
Revenuezł45.52b
Cost of Revenuezł41.64b
Gross Profitzł3.89b
Expenseszł109.00m
Earningszł3.78b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.02
Gross Margin8.53%
Net Profit Margin8.30%
Debt/Equity Ratio20.7%

How did PGE perform over the long term?

See historical performance and comparison

Valuation

Is PGE Polska Grupa Energetyczna undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PGE (PLN8.15) is trading below our estimate of fair value (PLN46.58)

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


Price To Earnings Ratio

PE vs Industry: PGE is good value based on its PE Ratio (4x) compared to the European Electric Utilities industry average (13.9x).

PE vs Market: PGE is good value based on its PE Ratio (4x) compared to the Polish market (11.9x).


Price to Earnings Growth Ratio

PEG Ratio: PGE is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: PGE's PB Ratio (0.3x) is in line with the PL Electric Utilities industry average.


Future Growth

How is PGE Polska Grupa Energetyczna forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

4.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PGE's forecast earnings growth (4.6% per year) is above the savings rate (2.5%).

Earnings vs Market: PGE's earnings (4.6% per year) are forecast to grow slower than the Polish market (14.8% per year).

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

Revenue vs Market: PGE's revenue (18.5% per year) is forecast to grow faster than the Polish market (8.9% per year).

High Growth Revenue: PGE's revenue (18.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PGE's Return on Equity is forecast to be low in 3 years time (3.1%).


Past Performance

How has PGE Polska Grupa Energetyczna performed over the past 5 years?

-31.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PGE has high quality earnings.

Growing Profit Margin: PGE became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PGE's earnings have declined by 31.4% per year over the past 5 years.

Accelerating Growth: PGE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PGE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electric Utilities industry (12.6%).


Return on Equity

High ROE: PGE's Return on Equity (8.1%) is considered low.


Financial Health

How is PGE Polska Grupa Energetyczna's financial position?


Financial Position Analysis

Short Term Liabilities: PGE's short term assets (PLN20.6B) exceed its short term liabilities (PLN18.5B).

Long Term Liabilities: PGE's short term assets (PLN20.6B) exceed its long term liabilities (PLN20.5B).


Debt to Equity History and Analysis

Debt Level: PGE's net debt to equity ratio (0.5%) is considered satisfactory.

Reducing Debt: PGE's debt to equity ratio has reduced from 23.2% to 20.7% over the past 5 years.

Debt Coverage: PGE's debt is well covered by operating cash flow (101.4%).

Interest Coverage: PGE's interest payments on its debt are well covered by EBIT (10.8x coverage).


Balance Sheet


Dividend

What is PGE Polska Grupa Energetyczna current dividend yield, its reliability and sustainability?

0.35%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PGE'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?

1.5yrs

Average management tenure


CEO

Wojciech Dabrowski

1.83yrs

Tenure

zł682,586

Compensation

Wojciech Dabrowski serves as Chief executive Officer and Head of Management Board at PGE Polska Grupa Energetyczna S.A. since February 20, 2020.


Leadership Team

Experienced Management: PGE's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: PGE's board of directors are considered experienced (5.8 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

PGE Polska Grupa Energetyczna S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: PGE Polska Grupa Energetyczna S.A.
  • Ticker: PGE
  • Exchange: WSE
  • Founded: 2007
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: zł15.231b
  • Shares outstanding: 1.87b
  • Website: https://www.gkpge.pl

Number of Employees


Location

  • PGE Polska Grupa Energetyczna S.A.
  • ul. Mysia 2
  • Warsaw
  • 00-496
  • Poland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/08 21:57
End of Day Share Price2021/12/08 00:00
Earnings2021/09/30
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.