OTCPK:PSZK.Y

Stock Analysis Report

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Executive Summary

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna provides commercial banking services to resident and non-resident retail, corporate, and other customers in Poland and Ukraine.

Snowflake

Fundamentals

Adequate balance sheet average dividend payer.

Risks

  • Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna has significant price volatility in the past 3 months.

Similar Companies

Share Price & News

How has Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:PSZK.Y

-2.6%

US Banks

-1.0%

US Market


1 Year Return

n/a

OTCPK:PSZK.Y

-14.2%

US Banks

-0.4%

US Market

No trading data on PSZK.Y.

No trading data on PSZK.Y.


Share holder returns

PSZK.YIndustryMarket
7 Day0%-2.6%-1.0%
30 Day-20.9%-5.5%-3.3%
90 Dayn/a-3.5%0.4%
1 Yearn/a-11.8%-14.2%1.8%-0.4%
3 Yearn/a42.2%32.4%39.4%30.4%
5 Yearn/a53.3%36.7%54.2%37.1%

Price Volatility Vs. Market

How volatile is Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna undervalued based on future cash flows and its price relative to the stock market?

12.65x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna is overvalued based on earnings compared to the US Banks industry average.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna is poor value based on expected growth next year.


Price Based on Value of Assets

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

6.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna's revenue is expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna's earnings are expected to grow by 6% yearly, however this is not considered high growth (20% yearly).

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna's revenue growth is positive but not above the United States of America market average.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna's earnings growth is positive but not above the United States of America market average.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna performed over the past 5 years?

2.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna's year on year earnings growth rate has been positive over the past 5 years.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna's 1-year earnings growth exceeds its 5-year average (15.3% vs 2.4%)

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna's earnings growth has not exceeded the US Banks industry average in the past year (15.3% vs 33.2%).


Return on Equity

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna has an acceptable proportion of non-loan assets held.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna has a low allowance for bad loans.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna's liabilities are made up of primarily low risk sources of funding.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna are broadly funded by customer deposits.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna has a high level of bad loans (greater than 2%).


Next Steps

Dividend

What is Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna's current dividend yield, its reliability and sustainability?

5.67%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.5%).

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna's dividend is below the markets top 25% of dividend payers in United States of America (3.9%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.3x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.7x coverage).


Next Steps

Management

What is the CEO of Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna's salary, the management and board of directors tenure and is there insider trading?

3.1yrs

Average management tenure


CEO

Zbigniew Jagiello (55yo)

9.9yrs

Tenure

zł3,028,000

Compensation

Zbigniew Jagiello has served as the President of Powszechna Kasa Oszczednosci Bank Polski SA (“PKO Bank Polski”) Management Board since October 2009. He served as Chairman of Supervisory Board of Nordea Ba ...


CEO Compensation Analysis

Zbigniew's remuneration is lower than average for companies of similar size in United States of America.

Zbigniew's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.1yrs

Average Tenure

53yo

Average Age

The tenure for the Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna management team is about average.


Board Age and Tenure

3.5yrs

Average Tenure

62yo

Average Age

The tenure for the Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Rafal Antczak (49yo)

    Vice-President of the Management Board

    • Tenure: 2.2yrs
  • Mieczyslaw Król (61yo)

    Vice President of the Management Board

    • Tenure: 3.2yrs
    • Compensation: PLN805.00k
  • Maks Kraczkowski (40yo)

    Vice President of the Management Board

    • Tenure: 3.1yrs
    • Compensation: PLN698.00k
  • Danuta Szymanska

    Director of the Accounting Division

  • Rafal Kozlowski

    Vice President of Management Board

    • Tenure: 1.6yrs
  • Jan Rosciszewski (54yo)

    VP of the Management Board & Acting Head of Retail Banking Area

    • Tenure: 3.1yrs
    • Compensation: PLN630.00k
  • Jakub Papierski (48yo)

    Vice President of Management Board

    • Compensation: PLN2.31m
  • Adam Marciniak

    Vice President of Management Board

    • Tenure: 1.8yrs
  • Piotr Mazur (53yo)

    VP of Management Board & Chief Risk Officer

    • Tenure: 6.6yrs
    • Compensation: PLN2.19m
  • Zbigniew Jagiello (55yo)

    President of the Management Board

    • Tenure: 9.9yrs
    • Compensation: PLN3.03m

Board Members

  • Piotr Sadownik (49yo)

    Chairman of the Supervisory Board

    • Tenure: 3.5yrs
  • Andrzej Kisielewicz (66yo)

    Member of the Supervisory Board

    • Tenure: 3.5yrs
  • Zbigniew Hajlasz (62yo)

    Secretary of the Supervisory Board

    • Tenure: 3.2yrs
  • Grazyna Ciurzynska (51yo)

    Vice-Chair of the Supervisory Board

    • Tenure: 3.2yrs
  • Dariusz Zarzecki

    Member the Supervisory Board

    • Tenure: 0.6yrs
  • Wojciech Jasinski (71yo)

    Member of the Supervisory Board

    • Tenure: 3.5yrs
  • Elzbieta Maczynska - Ziemacka (74yo)

    Member of the Supervisory Board

    • Tenure: 6.2yrs
    • Compensation: PLN120.00k
  • Miroslaw Barszcz (47yo)

    Member of the Supervisory Board

    • Tenure: 3.5yrs
  • Mariusz Andrzejewski (48yo)

    Member of the Supervisory Board

    • Tenure: 2.2yrs
  • Adam Budnikowski (69yo)

    Member of the Supervisory Board

    • Tenure: 3.5yrs

Company Information

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna
  • Ticker: PSZK.Y
  • Exchange: OTCPK
  • Founded: 1919
  • Industry: diversified banks
  • Sector: banks
  • Market Cap: zł48.638b
  • Listing Market Cap: zł12.423b
  • Shares outstanding: 1.25b
  • Website: Click here

Number of Employees


Location

  • Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna
  • Pulawska 15 Street
  • Warsaw
  • 02-515
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PSZK.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDNov 2004
PKOWSE (Warsaw Stock Exchange)YesBearer SharesPLPLNNov 2004
0FMOLSE (London Stock Exchange)YesBearer SharesGBPLNNov 2004
P9ODB (Deutsche Boerse AG)YesBearer SharesDEEURNov 2004
PKOSEP (The Stock Exchange Prague Co. Ltd.)YesBearer SharesCZCZKNov 2004
PSZK.YOTCPK (Pink Sheets LLC)ADRUSUSDJan 2009

Biography

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna provides commercial banking services to resident and non-resident retail, corporate, and other customers in Poland and Ukraine. Its Retail segment ac ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 00:14
End of Day Share Price2019/08/09 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.