KGHM Polska Miedz S.A.

OTCPK:KGHP.F Stock Report

Market Cap: US$19.7b

KGHM Polska Miedz Valuation

Is KGHP.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of KGHP.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: KGHP.F ($101.58) is trading above our estimate of future cash flow value ($62.07)

Significantly Below Future Cash Flow Value: KGHP.F is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KGHP.F?

Key metric: As KGHP.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for KGHP.F. This is calculated by dividing KGHP.F's market cap by their current earnings.
What is KGHP.F's PE Ratio?
PE Ratio10.6x
Earningszł6.89b
Market Capzł73.10b

Price to Earnings Ratio vs Peers

How does KGHP.F's PE Ratio compare to its peers?

The above table shows the PE ratio for KGHP.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.3x
FCX Freeport-McMoRan
36.2x18.43%US$98.7b
SCCO Southern Copper
32.4x7.07%US$161.0b
RS Reliance
25.1x8.93%US$20.2b
AA Alcoa
15.3x5.10%US$15.7b
KGHP.F KGHM Polska Miedz
10.6x-0.30%US$73.1b

Price-To-Earnings vs Peers: KGHP.F is good value based on its Price-To-Earnings Ratio (10.6x) compared to the peer average (27.3x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does KGHP.F's PE Ratio compare vs other companies in the US Metals and Mining Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NAMM Namib Minerals
1xn/aUS$100.79m
RMRI Rocky Mountain Industrials
0.9xn/aUS$1.76m
MDSM.F Ten Sixty Four
0.06xn/aUS$455.60k
GROO Groovy Company
0.01xn/aUS$81.96k
KGHP.F 10.6xIndustry Avg. 18.1xNo. of Companies8PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KGHP.F is good value based on its Price-To-Earnings Ratio (10.6x) compared to the US Metals and Mining industry average (18.1x).

Price to Earnings Ratio vs Fair Ratio

What is KGHP.F'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.

KGHP.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate KGHP.F's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst KGHP.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$101.58
US$88.41
-12.96%
25.84%US$125.95US$50.68n/a11
Jun ’27n/a
US$87.67
0%
25.94%US$126.31US$50.83n/a11
May ’27US$87.00
US$84.54
-2.82%
21.69%US$105.08US$51.05n/a11
Apr ’27US$76.00
US$76.74
+0.98%
21.59%US$97.31US$50.04n/a12
Mar ’27US$89.25
US$81.99
-8.13%
20.78%US$109.01US$55.90n/a11
Feb ’27US$91.23
US$73.97
-18.92%
24.27%US$101.33US$43.63n/a11
Jan ’27US$80.00
US$63.87
-20.16%
15.70%US$76.53US$43.29n/a11
Dec ’26US$62.33
US$54.95
-11.85%
19.12%US$71.35US$31.28n/a11
Nov ’26US$53.91
US$52.22
-3.13%
16.79%US$64.27US$31.05n/a11
Oct ’26US$41.19
US$42.72
+3.71%
27.58%US$65.00US$25.34n/a11
Sep ’26US$36.30
US$37.84
+4.23%
24.53%US$54.98US$25.29n/a11
Aug ’26US$36.00
US$36.21
+0.59%
21.60%US$49.13US$24.10n/a11
Jul ’26US$35.00
US$36.76
+5.03%
21.35%US$49.78US$24.41n/a11
Jun ’26n/a
US$35.40
0%
22.46%US$48.40US$21.07n/a11
May ’26n/a
US$35.42
0%
22.60%US$48.59US$21.16US$87.0011
Apr ’26n/a
US$35.41
0%
22.98%US$49.07US$21.18US$76.0011
Mar ’26n/a
US$35.08
0%
23.58%US$46.98US$20.28US$89.2511
Feb ’26n/a
US$35.38
0%
23.38%US$47.05US$20.31US$91.2311
Jan ’26n/a
US$34.96
0%
23.43%US$46.38US$20.02US$80.0011
Dec ’25n/a
US$36.16
0%
23.15%US$46.81US$20.20US$62.3311
Nov ’25n/a
US$39.77
0%
15.31%US$49.73US$30.43US$53.9111
Oct ’25US$42.85
US$41.37
-3.46%
14.06%US$52.00US$32.24US$41.1911
Sep ’25n/a
US$40.58
0%
17.28%US$51.70US$29.13US$36.3011
Aug ’25n/a
US$39.88
0%
18.20%US$50.90US$28.68US$36.0010
Jul ’25n/a
US$37.52
0%
19.39%US$49.47US$27.88US$35.0010
Jun ’25US$38.89
US$37.41
-3.80%
21.09%US$50.50US$27.77n/a10
US$89.74
Fair Value
13.2% overvalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/21 10:39
End of Day Share Price 2026/06/15 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

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 Github.

Analyst Sources

KGHM Polska Miedz S.A. is covered by 24 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jakub SargsyanBiuro maklerskie mBanku
Beata Szparaga-WasniewskaBiuro maklerskie mBanku
Edward SterckBMO Capital Markets Equity Research