TAURON POLSKA ENERGIA S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.94 PLN | +4.74% |
|
-1.31% | -21.26% |
| Apr. 19 | Poland's Tauron seeks to spur renewables expansion | RE |
| Apr. 19 | Transcript : TAURON Polska Energia S.A., 2023 Earnings Call, Apr 19, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,874 | 4,770 | 4,651 | 3,714 | 6,544 | 5,152 | - |
| Enterprise Value (EV) 1 | 15,951 | 18,182 | 16,926 | 18,523 | 6,544 | 16,441 | 18,924 |
| P/E ratio | -164 x | -1.92 x | 14 x | -26.5 x | 3.93 x | 3.12 x | 2.4 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.15 x | 0.23 x | 0.18 x | 0.1 x | 0.15 x | 0.1 x | 0.13 x |
| EV / Revenue | 0.82 x | 0.89 x | 0.66 x | 0.51 x | 0.15 x | 0.33 x | 0.47 x |
| EV / EBITDA | 4.43 x | 4.49 x | 4.08 x | 4.61 x | 1.06 x | 3.22 x | 3.46 x |
| EV / FCF | -7,977,019 x | 135,308,619 x | 8,913,252 x | -16,777,765 x | - | - | - |
| FCF Yield | -0% | 0% | 0% | -0% | - | - | - |
| Price to Book | 0.16 x | 0.31 x | 0.28 x | 0.22 x | - | 0.32 x | 0.28 x |
| Nbr of stocks (in thousands) | 1,752,549 | 1,752,549 | 1,752,549 | 1,752,549 | 1,752,549 | 1,752,549 | - |
| Reference price 2 | 1.640 | 2.722 | 2.654 | 2.119 | 3.734 | 2.940 | 2.940 |
| Announcement Date | 4/1/20 | 3/31/21 | 3/31/22 | 3/29/23 | 4/18/24 | - | - |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 19,558 | 20,367 | 25,614 | 36,311 | 42,657 | 49,882 | 40,275 | - |
| EBITDA 1 | 3,599 | 4,052 | 4,152 | 4,016 | 6,145 | 5,106 | 5,464 | - |
| EBIT 1 | 295.5 | -1,015 | 916 | 1,119 | 3,394 | 2,591 | 3,296 | - |
| Operating Margin | 1.51% | -4.98% | 3.58% | 3.08% | 7.96% | 5.19% | 8.18% | - |
| Earnings before Tax (EBT) 1 | -15.37 | -1,656 | 675 | 133 | 2,302 | 2,411 | 2,652 | - |
| Net income 1 | -10.91 | -2,485 | 338 | -134 | 1,673 | 1,943 | 2,098 | 1,768 |
| Net margin | -0.06% | -12.2% | 1.32% | -0.37% | 3.92% | 3.9% | 5.21% | - |
| EPS 2 | -0.0100 | -1.420 | 0.1900 | -0.0800 | 0.9500 | 0.9413 | 1.223 | - |
| Free Cash Flow | -2,000 | 134.4 | 1,899 | -1,104 | - | - | - | - |
| FCF margin | -10.22% | 0.66% | 7.41% | -3.04% | - | - | - | - |
| FCF Conversion (EBITDA) | - | 3.32% | 45.74% | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | 561.83% | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 4/1/20 | 3/31/21 | 3/31/22 | 3/29/23 | 4/18/24 | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,990 | 7,758 | 9,813 | 8,311 | 8,692 | 9,501 | 13,559 | 9,723 | 9,160 | 10,215 | 10,641 |
| EBITDA 1 | 733.4 | 446.8 | 1,955 | 396 | 495 | 1,170 | 2,230 | 2,044 | 1,197 | 674 | 1,215 |
| EBIT 1 | 275.4 | -108.9 | 1,418 | -252 | -41 | -6 | 1,697 | 1,488 | 640 | -431 | 658 |
| Operating Margin | 4.6% | -1.4% | 14.45% | -3.03% | -0.47% | -0.06% | 12.52% | 15.3% | 6.99% | -4.22% | 6.18% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 101 | -118.9 | 900 | -273 | -232 | -529 | 1,034 | 840 | 385 | -585 | 406 |
| Net margin | 1.69% | -1.53% | 9.17% | -3.28% | -2.67% | -5.57% | 7.63% | 8.64% | 4.2% | -5.73% | 3.82% |
| EPS | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/17/21 | 3/31/22 | 5/10/22 | 8/17/22 | 11/23/22 | 3/29/23 | 5/30/23 | 9/6/23 | 11/23/23 | 4/18/24 | - |
1PLN in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 13,076 | 13,411 | 12,275 | 14,809 | - | 11,289 | 13,772 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.633 x | 3.31 x | 2.956 x | 3.688 x | - | 2.211 x | 2.52 x | - |
| Free Cash Flow | -2,000 | 134 | 1,899 | -1,104 | - | - | - | - |
| ROE (net income / shareholders' equity) | 5.26% | -14.7% | 2.09% | -0.81% | - | 5.74% | 10% | - |
| ROA (Net income/ Total Assets) | 2.43% | - | - | - | - | - | - | - |
| Assets 1 | -449.5 | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 10.40 | 8.860 | 9.410 | 9.460 | - | 9.210 | 10.60 | - |
| Cash Flow per Share | 1.160 | 2.310 | 2.850 | - | - | - | - | - |
| Capex 1 | 4,035 | 3,908 | 3,255 | 3,879 | - | 5,073 | 4,975 | - |
| Capex / Sales | 20.63% | 19.19% | 12.71% | 10.68% | - | 10.17% | 12.35% | - |
| Announcement Date | 4/1/20 | 3/31/21 | 3/31/22 | 3/29/23 | 4/18/24 | - | - | - |
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
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
2.94
PLN
Average target price
4.74
PLN
Spread / Average Target
+61.22%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -21.26% | 1.27B | |
| -20.00% | 85.7B | |
| +63.42% | 81.88B | |
| -.--% | 51.55B | |
| -0.90% | 48.58B | |
| -4.56% | 45.12B | |
| +1.14% | 41.62B | |
| +2.14% | 34.6B | |
| +10.91% | 33.81B | |
| -10.00% | 23.21B |
- Stock Market
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- Financials TAURON Polska Energia S.A.
