OTCPK:PSZK.Y

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Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Executive Summary

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna provides banking services in Poland, Ukraine, Sweden, the Czech Republic, Ireland, and Germany.

Rewards

PE ratio (9x) is below the US market (19.1x)

Earnings are forecast to grow 13.13% per year

Risk Analysis

No risks detected for PSZK.Y from our risk checks.


Snowflake Analysis

Good value with adequate balance sheet.


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

Stable Share Price: PSZK.Y has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

PSZK.Y

7.1%

US Banks

-0.04%

US Market


1 Year Return

-42.2%

PSZK.Y

-14.6%

US Banks

17.1%

US Market

Return vs Industry: PSZK.Y underperformed the US Banks industry which returned -14.6% over the past year.

Return vs Market: PSZK.Y underperformed the US Market which returned 17.1% over the past year.


Shareholder returns

PSZK.YIndustryMarket
7 Day0%7.1%-0.04%
30 Day0%8.7%5.1%
90 Dayn/a22.8%19.5%
1 Year-42.2%-42.2%-11.6%-14.6%19.6%17.1%
3 Yearn/a-7.4%-14.9%42.5%33.3%
5 Yearn/a18.3%3.9%75.1%56.2%

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 compared to its fair value and its price relative to the market?

8.96x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PSZK.Y ($5.72) is trading above our estimate of fair value ($4.39)

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


Price To Earnings Ratio

PE vs Industry: PSZK.Y is good value based on its PE Ratio (9x) compared to the US Banks industry average (10.1x).

PE vs Market: PSZK.Y is good value based on its PE Ratio (9x) compared to the US market (19.1x).


Price to Earnings Growth Ratio

PEG Ratio: PSZK.Y is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: PSZK.Y is good value based on its PB Ratio (0.7x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

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

13.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PSZK.Y's forecast earnings growth (13.1% per year) is above the savings rate (2.2%).

Earnings vs Market: PSZK.Y's earnings (13.1% per year) are forecast to grow slower than the US market (24.1% per year).

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

Revenue vs Market: PSZK.Y's revenue (4% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: PSZK.Y's revenue (4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PSZK.Y's Return on Equity is forecast to be low in 3 years time (7.9%).


Next Steps

  • Explore growth companies in the Banks industry.

Past Performance

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

8.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PSZK.Y has high quality earnings.

Growing Profit Margin: PSZK.Y's current net profit margins (25.9%) are lower than last year (32.8%).


Past Earnings Growth Analysis

Earnings Trend: PSZK.Y's earnings have grown by 8.8% per year over the past 5 years.

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

Earnings vs Industry: PSZK.Y had negative earnings growth (-21.2%) over the past year, making it difficult to compare to the Banks industry average (-3%).


Return on Equity

High ROE: PSZK.Y's Return on Equity (7.4%) is considered low.


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

Asset Level: PSZK.Y's Assets to Equity ratio (8.6x) is low.

Allowance for Bad Loans: PSZK.Y has a low allowance for bad loans (82%).

Low Risk Liabilities: 85% of PSZK.Y's liabilities are made up of primarily low risk sources of funding.

Loan Level: PSZK.Y has an appropriate level of Loans to Assets ratio (61%).

Low Risk Deposits: PSZK.Y's Loans to Deposits ratio (82%) is appropriate.

Level of Bad Loans: PSZK.Y has a high level of bad loans (4.1%).


Next Steps

Dividend

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

5.43%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: PSZK.Y is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

Management

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

4.1yrs

Average management tenure


CEO

Zbigniew Jagiello (56 yo)

10.92yrs

Tenure

zł2,482,000

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

Compensation vs Market: Zbigniew's total compensation ($USD663.71K) is below average for companies of similar size in the US market ($USD7.30M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Zbigniew Jagiello
President of the Management Board10.92yrszł2.48m0.0011%
PLN 87.5k
Jakub Papierski
Vice President of Management Boardno datazł2.04m0.00040%
PLN 31.2k
Piotr Mazur
VP of Management Board & Chief Risk Officer7.58yrszł2.10m0.00064%
PLN 50.0k
Mieczyslaw Król
Vice President of the Management Board4.17yrszł1.70m0.00048%
PLN 37.5k
Maks Kraczkowski
Vice President of the Management Board4.08yrszł1.69mno data
Jan Rosciszewski
VP of the Management Board & Acting Head of Retail Banking Area4.08yrszł1.66mno data
Adam Marciniak
Vice President of Management Board2.83yrszł1.03m0.00016%
PLN 12.5k
Rafal Kozlowski
Vice President of Management Board2.58yrszł913.00k0.00016%
PLN 12.5k
Rafal Antczak
Vice-President of the Management Board3.17yrszł1.10m0.00016%
PLN 12.5k
Zbigniew Hajlasz
Secretary of the Independent Supervisory Board4.17yrsno datano data
Danuta Szymanska
Director of the Accounting Divisionno datano datano data
Lidia Wilk
Investor Relations Professionalno datano datano data

4.1yrs

Average Tenure

54.5yo

Average Age

Experienced Management: PSZK.Y's management team is considered experienced (4.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Zbigniew Hajlasz
Secretary of the Independent Supervisory Board4.17yrsno datano data
Andrzej Kisielewicz
Independent Member of the Supervisory Board4.5yrsno datano data
Miroslaw Barszcz
Independent Member of the Supervisory Board4.5yrsno datano data
Elzbieta Maczynska - Ziemacka
Independent Member of the Supervisory Board7.17yrsno datano data
Wojciech Jasinski
Member of the Supervisory Board4.5yrsno datano data
Piotr Sadownik
Independent Chairman of the Supervisory Board4.5yrsno datano data
Adam Budnikowski
Independent Member of the Supervisory Board4.5yrsno datano data
Grazyna Ciurzynska
Independent Vice-Chair of the Supervisory Board4.17yrsno datano data
Mariusz Andrzejewski
Independent Member of the Supervisory Board3.17yrsno datano data
Krzysztof Michalski
Member of the Supervisory Board0.92yrno datano data

4.5yrs

Average Tenure

62yo

Average Age

Experienced Board: PSZK.Y's board of directors are considered experienced (4.5 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

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: zł29.200b
  • Listing Market Cap: zł7.808b
  • Shares outstanding: 1.25b
  • Website: https://www.pkobp.pl

Number of Employees


Location

  • Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna
  • ul. Pulawska 15
  • 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 banking services in Poland, Ukraine, Sweden, the Czech Republic, Ireland, and Germany. Its Retail segment offers current and savings account ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/13 00:42
End of Day Share Price2020/06/26 00:00
Earnings2020/06/30
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.