Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

WSE-PKO

Basic

Market Cap
PLN 74B
EV
—
Shares Out
1,250M
Revenue
PLN 18.78B
Employees
—

Margins

Gross
—
EBITDA
—
Operating
—
Pre-Tax
49.7%
Net
32.44%
FCF
-64.12%

Returns (5Yr Avg)

ROA
0.76%
ROTA
8.44%
ROE
7.82%
ROCE
—
ROIC
0.92%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
PLN 70.88
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
—
Net Debt
PLN 1,936M
Debt/Equity
—
EBIT/Interest
—

Growth (CAGR)

Rev 3Yr
46%
Rev 5Yr
8.95%
Rev 10Yr
—
Dil EPS 3Yr
47.78%
Dil EPS 5Yr
9.68%
Dil EPS 10Yr
6.5%
Rev Fwd 2Yr
7.04%
EBITDA Fwd 2Yr
1.17%
EPS Fwd 2Yr
35.65%
EPS LT Growth Est
-2.62%

Dividends

Yield
—
Payout
53.14%
DPS
PLN 2.59
DPS Growth 3Yr
—
DPS Growth 5Yr
14.26%
DPS Growth 10Yr
13.19%
DPS Growth Fwd 2Yr
9.41%

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Interest Income On Loans						12,637	11,801	10,568	19,751	31,217	31,693
Interest Income On Investments						14	15	12	51	14	13
Interest Income, Total						12,651	11,816	10,580	19,802	31,231	31,706
Interest On Deposits						2,347	1,455	686	8,327	12,899	12,370
Interest Expense, Total						2,347	1,455	686	8,327	12,899	12,370
Net Interest Income						10,304	10,361	9,894	11,475	18,332	19,336
Gain (Loss) on Sale of Assets						11	4	68	97	87	87
Gain (Loss) on Sale of Invest. & Securities						-47	-205	-31	—	-11	-58
Total Other Non Interest Income						3,676	-2,395	5,088	3,701	259	552
Non Interest Income, Total						3,640	-2,596	5,125	3,798	335	581
Revenues Before Provison For Loan Losses						13,944	7,765	15,019	15,273	18,667	19,917
Provision For Loan Losses						1,148	2,174	1,309	1,501	1,265	1,139
Total Revenues						12,796	5,591	13,710	13,772	17,402	18,778
Total Revenues % Chg.						7%	-56.3%	145.2%	0.5%	26.4%	25.4%
Salaries And Other Employee Benefits		—	—	—		—	—	11	0.4	9.8	9.8
Amort. of Goodwill & Intang. Assets		—	—	—	—	—	—	—	—	—	—
Occupancy Expense		—	—	—	—	—	—	—	—	—	—
Selling General & Admin Expenses, Total						5,989	5,900	5,981	7,613.6	7,338.2	7,337.2
(Income) Loss on Equity Invest.						-31	-16	-31	-71	-99	-117
Total Other Non Interest Expense						1,022	1,122	1,185	1,421	1,518	1,717
Non Interest Expense, Total						6,980	7,006	7,146	8,964	8,767	8,947
EBT, Excl. Unusual Items						5,816	-1,415	6,564	4,808	8,635	9,831
Restructuring Charges	—	—	—	—		-32	-16	-19	—	—	—
Impairment of Goodwill		—				-51	-147	—	—	—	—
Asset Writedown						-15	-64	-15	-21	-45	-99
Legal Settlements						-1	-54	-7	-5	-14	-385
Other Unusual Items	—	—	—	—	—	102	—	-10	-15	-14	-14
EBT, Incl. Unusual Items						5,819	-1,696	6,513	4,767	8,562	9,333
Income Tax Expense						1,787	865	1,640	1,455	3,057	3,238
Earnings From Continuing Operations						4,032	-2,561	4,873	3,312	5,505	6,095
Minority Interest						-1	4	1	—	-3	-3
Net Income						4,031	-2,557	4,874	3,312	5,502	6,092
Net Income to Common Incl Extra Items						4,031	-2,557	4,874	3,312	5,502	6,092
Net Income to Common Excl. Extra Items						4,031	-2,557	4,874	3,312	5,502	6,092
Total Shares Outstanding						1,250	1,250	1,250	1,250	1,250	1,250
Weighted Avg. Shares Outstanding						1,250	1,250	1,250	1,250	1,250	1,250
Weighted Avg. Shares Outstanding Dil						1,250	1,250	1,250	1,250	1,250	1,250
EPS						3.2	-2	3.9	2.6	4.4	4.9
EPS Diluted						3.2	-2.1	3.9	2.6	4.4	4.9
Effective Tax Rate						30.7%	-51%	25.2%	30.5%	35.7%	34.7%