Financials Wirtualna Polska Holding S.A.

Equities

WPL

PLWRTPL00027

Internet Services

Market Closed - Warsaw S.E. 11:55:44 2024-04-26 am EDT 5-day change 1st Jan Change
118.2 PLN -1.50% Intraday chart for Wirtualna Polska Holding S.A. -0.51% -2.80%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,025 2,709 4,124 2,958 3,563 3,465 - -
Enterprise Value (EV) 1 2,359 2,950 4,285 3,509 4,046 3,821 3,705 3,586
P/E ratio 29.5 x 34.8 x 22.1 x 16.7 x 21.9 x 17.4 x 14.7 x 12.4 x
Yield 1.43% - 1.1% - - 1.95% 2.44% 2.12%
Capitalization / Revenue 2.86 x 4.28 x 4.73 x 2.74 x 2.48 x 2.19 x 2 x 1.84 x
EV / Revenue 3.33 x 4.66 x 4.91 x 3.26 x 2.82 x 2.41 x 2.14 x 1.91 x
EV / EBITDA 10.8 x 13.6 x 13.9 x 10.3 x 9.22 x 7.98 x 7.11 x 6.57 x
EV / FCF 18.1 x 19.7 x 25.7 x 20.8 x 15.5 x 18.9 x 13.7 x 12.2 x
FCF Yield 5.53% 5.08% 3.89% 4.81% 6.43% 5.29% 7.32% 8.19%
Price to Book 3.95 x 4.62 x 5.66 x - 4.04 x 3.39 x 2.75 x 2.48 x
Nbr of stocks (in thousands) 29,012 29,130 29,246 29,284 29,303 29,313 - -
Reference price 2 69.80 93.00 141.0 101.0 121.6 118.2 118.2 118.2
Announcement Date 3/12/20 3/30/21 3/22/22 4/13/23 3/25/24 - - -
1PLN in Million2PLN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 708.7 632.3 872.2 1,078 1,437 1,583 1,731 1,881
EBITDA 1 218.9 216.9 307.8 340.1 439 478.8 521 545.8
EBIT 1 139.7 121.7 227.6 239.6 281.2 326 358.1 381
Operating Margin 19.71% 19.25% 26.09% 22.23% 19.57% 20.6% 20.69% 20.25%
Earnings before Tax (EBT) 1 98.85 91.4 231.8 231.4 218.7 274 317.7 343.5
Net income 1 69 78.52 182.7 170.5 155.8 203.5 238.2 262
Net margin 9.74% 12.42% 20.95% 15.82% 10.84% 12.86% 13.76% 13.93%
EPS 2 2.370 2.669 6.380 6.050 5.560 6.790 8.027 9.520
Free Cash Flow 1 130.5 149.8 166.7 168.7 260.3 202 271.3 293.6
FCF margin 18.41% 23.69% 19.11% 15.65% 18.12% 12.76% 15.68% 15.61%
FCF Conversion (EBITDA) 59.61% 69.06% 54.16% 49.6% 59.29% 42.19% 52.07% 53.79%
FCF Conversion (Net income) 189.15% 190.79% 91.25% 98.93% 167.11% 99.26% 113.9% 112.06%
Dividend per Share 2 1.000 - 1.550 - - 2.310 2.880 2.500
Announcement Date 3/12/20 3/30/21 3/22/22 4/13/23 3/25/24 - - -
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 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 225.1 250 213.2 266.6 270.9 327.1 310.5 359.6 405.3 317.3 346.3 393.3 449.5 389.6
EBITDA 1 84.7 96.16 67.3 87.3 89.3 96.14 75.6 100.2 146.3 96.94 81.63 - - -
EBIT 1 63.3 71.01 45.5 64.5 66.3 63.15 38.6 58.6 109.6 62.1 43.47 70.8 134 81.8
Operating Margin 28.12% 28.4% 21.34% 24.19% 24.47% 19.31% 12.43% 16.3% 27.04% 19.57% 12.55% 18% 29.81% 21%
Earnings before Tax (EBT) 1 64.22 78.96 54.32 61.82 64.43 50.86 26.12 46.34 89.97 48.3 27.15 - - -
Net income 1 53.4 61.7 43.4 45.8 48.9 32.37 14.39 31.9 70.15 39.32 17.73 - - -
Net margin 23.72% 24.68% 20.36% 17.18% 18.05% 9.9% 4.64% 8.87% 17.31% 12.39% 5.12% - - -
EPS - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 11/16/21 3/22/22 5/17/22 8/23/22 11/22/22 4/13/23 5/22/23 8/29/23 11/20/23 3/25/24 - - - -
1PLN in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 334 240 162 551 483 356 240 121
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.527 x 1.108 x 0.5253 x 1.621 x 1.1 x 0.743 x 0.4606 x 0.2225 x
Free Cash Flow 1 131 150 167 169 260 202 271 294
ROE (net income / shareholders' equity) 14.4% 14.4% 27.8% 21.3% 17.8% 20.2% 23.2% 20%
ROA (Net income/ Total Assets) 6.25% 6.57% 14.6% 10.1% 7.61% 9.3% - -
Assets 1 1,104 1,194 1,253 1,681 2,048 2,188 - -
Book Value Per Share 2 17.70 20.10 24.90 - 30.10 34.90 42.90 47.60
Cash Flow per Share - - - - - - - -
Capex 1 58.5 61.2 78 97.1 124 149 160 171
Capex / Sales 8.25% 9.68% 8.94% 9.01% 8.61% 9.4% 9.27% 9.09%
Announcement Date 3/12/20 3/30/21 3/22/22 4/13/23 3/25/24 - - -
1PLN in Million2PLN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
118.2 PLN
Average target price
127.1 PLN
Spread / Average Target
+7.52%
Consensus

Quarterly revenue - Rate of surprise

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