Financials ING Bank Slaski S.A.

Equities

ING

PLBSK0000017

Banks

Market Closed - Warsaw S.E. 11:55:42 2024-05-31 am EDT 5-day change 1st Jan Change
297 PLN -1.00% Intraday chart for ING Bank Slaski S.A. +1.71% +16.02%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 26,345 22,247 34,737 21,440 33,306 38,640 - -
Enterprise Value (EV) 1 26,345 22,247 34,737 21,440 33,306 38,640 38,640 38,640
P/E ratio 15.9 x 16.6 x 15.1 x 11 x 7.5 x 8.34 x 7.84 x 7.44 x
Yield 1.73% - 1.99% - - 9.59% 4.55% 5.13%
Capitalization / Revenue 4.65 x 3.58 x 5.06 x 2.78 x 3.22 x 3.61 x 3.36 x 3.24 x
EV / Revenue 4.65 x 3.58 x 5.06 x 2.78 x 3.22 x 3.61 x 3.36 x 3.24 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.73 x 1.19 x 2.57 x 2.24 x 1.99 x 2.1 x 1.75 x 1.5 x
Nbr of stocks (in thousands) 130,100 130,100 130,100 130,100 130,100 130,100 - -
Reference price 2 202.5 171.0 267.0 164.8 256.0 297.0 297.0 297.0
Announcement Date 2/6/20 2/24/21 2/3/22 2/2/23 2/1/24 - - -
1PLN in Million2PLN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,666 6,215 6,868 7,709 10,335 10,690 11,492 11,934
EBITDA - - - - - - - -
EBIT 1 3,168 3,452 3,903 4,067 6,635 6,792 7,211 7,627
Operating Margin 55.92% 55.55% 56.83% 52.75% 64.2% 63.54% 62.74% 63.91%
Earnings before Tax (EBT) 1 2,258 1,912 3,015 2,633 5,720 5,734 6,212 6,561
Net income 1 1,659 1,338 2,308 1,944 4,441 4,061 4,387 4,630
Net margin 29.28% 21.52% 33.61% 25.22% 42.97% 37.99% 38.17% 38.8%
EPS 2 12.75 10.28 17.74 14.95 34.13 35.61 37.88 39.91
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 3.500 - 5.300 - - 28.47 13.51 15.25
Announcement Date 2/6/20 2/24/21 2/3/22 2/2/23 2/1/24 - - -
1PLN in Million2PLN
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1
Net sales 1 - 1,876 2,297 2,369 4,666 703.9 2,321 2,455 2,631 5,086 2,642 2,723 2,739
EBITDA - - - - - - - - - - - - -
EBIT 1 - 1,118 1,366 1,169 2,534 -117.7 1,632 1,450 1,780 3,230 1,782 1,736 1,649
Operating Margin - 59.61% 59.45% 49.34% 54.32% -16.72% 70.31% 59.07% 67.67% 63.52% 67.43% 63.76% 60.22%
Earnings before Tax (EBT) 1 - 832.5 1,069 830 1,899 -470 1,204 1,209 1,424 2,633 1,492 1,595 1,288
Net income 1 583.5 669 792.8 573 1,366 -317.3 895.9 908.7 1,099 2,008 1,162 1,271 993.3
Net margin - 35.67% 34.51% 24.19% 29.27% -45.08% 38.6% 37.02% 41.79% 39.49% 43.98% 46.67% 36.27%
EPS - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 8/6/20 2/3/22 5/6/22 8/4/22 8/4/22 11/3/22 2/2/23 5/11/23 8/3/23 8/3/23 11/2/23 2/1/24 5/6/24
1PLN in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 11.6% 7.6% 13.6% 17% 34.1% 26.3% 23.3% 20%
ROA (Net income/ Total Assets) 1.1% 0.77% 1.19% 0.93% 1.92% 1.63% 1.6% 1.62%
Assets 1 150,791 172,602 194,122 209,458 231,297 249,923 274,188 286,708
Book Value Per Share 2 117.0 143.0 104.0 73.60 129.0 141.0 170.0 198.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/6/20 2/24/21 2/3/22 2/2/23 2/1/24 - - -
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
OUTPERFORM
Number of Analysts
7
Last Close Price
297 PLN
Average target price
301 PLN
Spread / Average Target
+1.34%
Consensus

Quarterly revenue - Rate of surprise

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