What Budimex SA's (WSE:BDX) P/E Is Not Telling You
May 08
Polish (WIG) Market Analysis & Valuation
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies652
- 7D1.9%
- 3M6.3%
- 1Y27.3%
- YTD9.0%
The market has climbed by 1.9% over the past week, with every sector up and the Consumer Discretionary sector leading the way. The market is up 27% over the last 12 months. Earnings are forecast to grow by 15% annually.
Market Valuation and Performance
Has the Polish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | zł891.4b | zł1.3t | zł65.8b | 12.2x | 13.5x | 0.7x |
| Fri, 05 Apr 2024 | zł883.9b | zł1.3t | zł85.3b | 12.4x | 10.4x | 0.7x |
| Sun, 03 Mar 2024 | zł868.2b | zł1.3t | zł86.2b | 12.8x | 10.1x | 0.7x |
| Tue, 30 Jan 2024 | zł807.6b | zł1.3t | zł90.7b | 12.7x | 8.9x | 0.6x |
| Thu, 28 Dec 2023 | zł846.7b | zł1.3t | zł90.5b | 12.2x | 9.4x | 0.7x |
| Sat, 25 Nov 2023 | zł799.2b | zł1.3t | zł90.5b | 12.1x | 8.8x | 0.6x |
| Mon, 23 Oct 2023 | zł733.9b | zł1.3t | zł88.1b | 11.9x | 8.3x | 0.6x |
| Wed, 20 Sep 2023 | zł714.2b | zł1.3t | zł91.0b | 12.4x | 7.8x | 0.6x |
| Fri, 18 Aug 2023 | zł742.9b | zł1.2t | zł93.8b | 12.5x | 7.9x | 0.6x |
| Sun, 16 Jul 2023 | zł769.6b | zł1.2t | zł92.8b | 13x | 8.3x | 0.6x |
| Tue, 13 Jun 2023 | zł734.6b | zł1.2t | zł92.4b | 12.2x | 8x | 0.6x |
| Thu, 11 May 2023 | zł708.7b | zł1.1t | zł88.1b | 11.9x | 8x | 0.6x |
| Sat, 08 Apr 2023 | zł657.4b | zł1.1t | zł89.0b | 11.5x | 7.4x | 0.6x |
| Mon, 06 Mar 2023 | zł674.4b | zł1.1t | zł94.4b | 11.4x | 7.1x | 0.6x |
| Wed, 01 Feb 2023 | zł690.1b | zł1.0t | zł76.9b | 10.7x | 9x | 0.7x |
| Fri, 30 Dec 2022 | zł649.9b | zł1.0t | zł76.8b | 10.1x | 8.5x | 0.6x |
| Sun, 27 Nov 2022 | zł637.5b | zł1.0t | zł70.0b | 10.2x | 9.1x | 0.6x |
| Tue, 25 Oct 2022 | zł533.9b | zł1.1t | zł90.7b | 9.3x | 5.9x | 0.5x |
| Thu, 22 Sep 2022 | zł573.5b | zł1.1t | zł90.1b | 9.5x | 6.4x | 0.5x |
| Sat, 20 Aug 2022 | zł630.9b | zł2.0t | -zł478,867,370,156.00 | 9.8x | -1.3x | 0.3x |
| Mon, 18 Jul 2022 | zł603.1b | zł1.0t | zł88.4b | 9.8x | 6.8x | 0.6x |
| Wed, 15 Jun 2022 | zł618.7b | zł1.0t | zł88.8b | 9.9x | 7x | 0.6x |
| Fri, 13 May 2022 | zł627.2b | zł937.7b | zł81.3b | 10.1x | 7.7x | 0.7x |
| Sun, 10 Apr 2022 | zł734.5b | zł905.9b | zł75.2b | 11.5x | 9.8x | 0.8x |
| Tue, 08 Mar 2022 | zł681.4b | zł864.7b | zł66.0b | 10.3x | 10.3x | 0.8x |
| Thu, 03 Feb 2022 | zł789.7b | zł842.0b | zł60.3b | 11.7x | 13.1x | 0.9x |
| Sat, 01 Jan 2022 | zł800.1b | zł823.3b | zł56.7b | 11.7x | 14.1x | 1x |
| Mon, 29 Nov 2021 | zł766.8b | zł821.8b | zł66.3b | 11.9x | 11.6x | 0.9x |
| Wed, 27 Oct 2021 | zł844.2b | zł775.5b | zł44.7b | 13.1x | 18.9x | 1.1x |
| Fri, 24 Sep 2021 | zł815.8b | zł768.2b | zł40.1b | 13.1x | 20.3x | 1.1x |
| Sun, 22 Aug 2021 | zł790.6b | zł764.2b | zł39.2b | 13.5x | 20.2x | 1x |
| Fri, 09 Jul 2021 | zł767.9b | zł763.2b | zł39.2b | 13.6x | 19.6x | 1x |
Price to Earnings Ratio
22.1x
Current Market PE
- Investors are optimistic on the Polish market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 13.5x which is higher than its 3-year average PE of 10.8x.
Past Earnings Growth
- The earnings for Polish listed companies have grown 24% per year over the last three years.
- Revenues for these companies have grown 21% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Polish Market?
| PL Market | 1.94% | |
| Utilities | 6.61% | |
| Telecom | 3.41% | |
| Consumer Discretionary | 3.34% | |
| Industrials | 2.84% | |
| Real Estate | 2.45% | |
| Materials | 2.19% | |
| Consumer Staples | 1.68% | |
| Energy | 1.38% | |
| Tech | 1.05% | |
| Healthcare | 0.97% | |
| Financials | 0.93% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 24.9x.
- Analysts are expecting annual earnings growth of 18.0%, which is lower than the prior year's growth of 42.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 58% over the next 5 years.
- This is better than its past earnings decline of 47% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 12% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| ALE Allegro.eu | zł36.21 | 6.5% +zł2.3b | 6.6% | PE134.4x | Consumer Discretionary | |
| PZU Powszechny Zaklad Ubezpieczen | zł53.22 | 3.8% +zł1.7b | 34.7% | PE9.2x | Financials | |
| LPP LPP | zł16.35k | 3.9% +zł1.2b | 30.0% | PE18.9x | Consumer Discretionary | |
| BDX Budimex | zł730.50 | 6.3% +zł1.1b | 99.3% | PE25.3x | Industrials | |
| PGE PGE Polska Grupa Energetyczna | zł6.57 | 8.0% +zł1.1b | -9.3% | PS0.2x | Utilities |
