POLENERGIA S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 65 PLN | 0.00% |
|
-3.56% | -15.36% |
| Mar. 26 | Polenergia S.A. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Feb. 28 | Michal Michalski Resign as CEO of Polenergia | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,222 | 2,463 | 3,345 | 5,917 | 5,019 | - | - |
| Enterprise Value (EV) 1 | 1,583 | 3,052 | 4,611 | 5,917 | 6,144 | 6,730 | 7,082 |
| P/E ratio | 11.2 x | 22.3 x | 9.92 x | - | 14 x | 15.9 x | 18.9 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.47 x | 1.36 x | 0.84 x | 0.83 x | 1 x | 1.03 x | 1.12 x |
| EV / Revenue | 0.61 x | 1.68 x | 1.15 x | 0.83 x | 1.22 x | 1.38 x | 1.58 x |
| EV / EBITDA | 5.67 x | 11.9 x | 12.8 x | 16.7 x | 8.33 x | 9.14 x | 10.3 x |
| EV / FCF | 8.99 x | -23.9 x | -7.52 x | -14.3 x | 34.6 x | -16 x | -3.02 x |
| FCF Yield | 11.1% | -4.19% | -13.3% | -7% | 2.89% | -6.23% | -33.1% |
| Price to Book | 0.94 x | 1.74 x | 1.8 x | - | 1.11 x | 1.04 x | 0.97 x |
| Nbr of stocks (in thousands) | 45,444 | 45,444 | 45,444 | 68,802 | 77,219 | - | - |
| Reference price 2 | 26.90 | 54.20 | 73.60 | 86.00 | 65.00 | 65.00 | 65.00 |
| Announcement Date | 3/9/20 | 3/30/21 | 4/7/22 | 3/30/23 | - | - | - |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,597 | 1,811 | 3,999 | 7,089 | 5,039 | 4,862 | 4,472 |
| EBITDA 1 | 279.1 | 256.8 | 361.2 | 354.3 | 737.4 | 736.5 | 687.2 |
| EBIT 1 | 160.4 | 165.5 | 233.9 | 237.6 | 581.7 | 576.2 | 519.9 |
| Operating Margin | 6.18% | 9.14% | 5.85% | 3.35% | 11.54% | 11.85% | 11.63% |
| Earnings before Tax (EBT) 1 | 136.9 | 126.3 | 420.1 | - | 445.3 | 392.9 | 352.1 |
| Net income 1 | 109 | 110.6 | 337.3 | 159.9 | 434.5 | 413.8 | 283.4 |
| Net margin | 4.2% | 6.1% | 8.43% | 2.26% | 8.62% | 8.51% | 6.34% |
| EPS 2 | 2.400 | 2.430 | 7.420 | - | 4.640 | 4.090 | 3.445 |
| Free Cash Flow 1 | 176 | -127.9 | -612.9 | -414.1 | 177.5 | -419.5 | -2,345 |
| FCF margin | 6.78% | -7.06% | -15.33% | -5.84% | 3.52% | -8.63% | -52.44% |
| FCF Conversion (EBITDA) | 63.07% | - | - | - | 24.07% | - | - |
| FCF Conversion (Net income) | 161.48% | - | - | - | 40.85% | - | - |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 3/9/20 | 3/30/21 | 4/7/22 | 3/30/23 | - | - | - |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 720.3 | 2,067 | 2,476 | 1,337 | 1,330 | 1,946 | 1,467 | 1,371 | 1,241 | 1,174 |
| EBITDA 1 | 95.13 | 78.9 | 178.9 | 32.4 | 33 | 110 | 201.3 | 107.6 | 110.9 | 253 |
| EBIT 1 | 58.7 | 34 | 115.5 | 5.9 | 3.356 | 74.3 | 163.3 | 68.3 | 69.35 | 215 |
| Operating Margin | 8.15% | 1.64% | 4.67% | 0.44% | 0.25% | 3.82% | 11.13% | 4.98% | 5.59% | 18.31% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 41.8 | - | - | 1.151 | -2.782 | 51.9 | 120.8 | 46.49 | 41.49 | 156 |
| Net margin | 5.8% | - | - | 0.09% | -0.21% | 2.67% | 8.23% | 3.39% | 3.34% | 13.29% |
| EPS | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/23/21 | 4/7/22 | 5/18/22 | 8/17/22 | 11/23/22 | 3/30/23 | 5/24/23 | 8/24/23 | 11/22/23 | - |
1PLN in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 361 | 589 | 1,266 | - | 1,125 | 1,711 | 2,063 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.292 x | 2.292 x | 3.506 x | - | 1.526 x | 2.323 x | 3.002 x |
| Free Cash Flow 1 | 176 | -128 | -613 | -414 | 178 | -420 | -2,345 |
| ROE (net income / shareholders' equity) | 8.79% | 8% | 20.6% | - | 9.2% | 6.7% | 5.3% |
| ROA (Net income/ Total Assets) | - | 4.02% | - | - | - | - | - |
| Assets 1 | - | 2,749 | - | - | - | - | - |
| Book Value Per Share 2 | 28.50 | 31.20 | 40.90 | - | 58.70 | 62.80 | 66.80 |
| Cash Flow per Share | 5.780 | 4.490 | 3.190 | - | - | - | - |
| Capex 1 | 86.6 | 332 | 758 | 660 | 1,220 | 1,362 | 3,362 |
| Capex / Sales | 3.34% | 18.33% | 18.95% | 9.31% | 24.22% | 28.02% | 75.18% |
| Announcement Date | 3/9/20 | 3/30/21 | 4/7/22 | 3/30/23 | - | - | - |
1PLN in Million2PLN
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
65
PLN
Average target price
92.13
PLN
Spread / Average Target
+41.73%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -15.36% | 1.24B | |
| +8.64% | 136B | |
| +4.41% | 80.06B | |
| -2.19% | 77.98B | |
| +0.69% | 75.38B | |
| -8.92% | 66.47B | |
| +61.15% | 59.36B | |
| +4.97% | 44.9B | |
| +7.34% | 42.26B | |
| 0.00% | 41.94B |
- Stock Market
- Equities
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- Financials Polenergia S.A.
