CYFROWY POLSAT S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 13.2 PLN | +1.31% |
|
+0.73% | +7.02% |
| Apr. 11 | Cyfrowy Polsat S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023 | CI |
| Apr. 11 | Transcript : Cyfrowy Polsat S.A., Q4 2023 Earnings Call, Apr 11, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 17,869 | 19,365 | 22,205 | 11,262 | 7,886 | 8,330 | - | - |
| Enterprise Value (EV) 1 | 30,076 | 31,211 | 30,024 | 21,183 | 7,886 | 21,798 | 22,223 | 22,267 |
| P/E ratio | 16.1 x | 16.9 x | 5 x | 10.9 x | 21.6 x | 23.3 x | 10.3 x | 21.7 x |
| Yield | 3.33% | 3.07% | 3.46% | 6.81% | - | - | - | - |
| Capitalization / Revenue | 1.53 x | 1.62 x | 1.78 x | 0.87 x | 0.58 x | 0.59 x | 0.56 x | 0.53 x |
| EV / Revenue | 2.58 x | 2.61 x | 2.41 x | 1.64 x | 0.58 x | 1.53 x | 1.5 x | 1.43 x |
| EV / EBITDA | 7.17 x | 7.45 x | 7.47 x | 6.1 x | 2.44 x | 6.63 x | 6.02 x | 5.74 x |
| EV / FCF | 11.5 x | 13.9 x | 14.5 x | 23.3 x | - | 33.9 x | 26.9 x | 32.5 x |
| FCF Yield | 8.71% | 7.19% | 6.91% | 4.3% | - | 2.95% | 3.72% | 3.08% |
| Price to Book | 1.29 x | 1.34 x | 1.44 x | 0.64 x | - | 0.54 x | 0.49 x | 0.52 x |
| Nbr of stocks (in thousands) | 639,546 | 639,546 | 639,546 | 639,546 | 639,546 | 639,546 | - | - |
| Reference price 2 | 27.94 | 30.28 | 34.72 | 17.61 | 12.33 | 13.02 | 13.02 | 13.02 |
| Announcement Date | 3/12/20 | 3/25/21 | 3/24/22 | 4/19/23 | 4/11/24 | - | - | - |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 11,676 | 11,963 | 12,444 | 12,915 | 13,626 | 14,236 | 14,800 | 15,585 |
| EBITDA 1 | 4,197 | 4,192 | 4,019 | 3,471 | 3,231 | 3,289 | 3,689 | 3,882 |
| EBIT 1 | 1,967 | 1,886 | 2,116 | 1,642 | 1,312 | 1,395 | 1,656 | 1,841 |
| Operating Margin | 16.85% | 15.77% | 17% | 12.72% | 9.63% | 9.8% | 11.19% | 11.81% |
| Earnings before Tax (EBT) 1 | 1,468 | 1,442 | 5,666 | 1,110 | 421.8 | 423 | 642.5 | 595 |
| Net income 1 | 1,101 | 1,142 | 4,409 | 900 | 278.5 | 113.4 | 694.6 | - |
| Net margin | 9.43% | 9.54% | 35.43% | 6.97% | 2.04% | 0.8% | 4.69% | - |
| EPS 2 | 1.740 | 1.790 | 6.950 | 1.620 | 0.5700 | 0.5600 | 1.260 | 0.6000 |
| Free Cash Flow 1 | 2,621 | 2,245 | 2,076 | 910.2 | - | 642.5 | 825.8 | 685.9 |
| FCF margin | 22.45% | 18.77% | 16.68% | 7.05% | - | 4.51% | 5.58% | 4.4% |
| FCF Conversion (EBITDA) | 62.44% | 53.56% | 51.64% | 26.22% | - | 19.54% | 22.39% | 17.67% |
| FCF Conversion (Net income) | 238.12% | 196.68% | 47.08% | 101.13% | - | 566.33% | 118.89% | - |
| Dividend per Share 2 | 0.9300 | 0.9300 | 1.200 | 1.200 | - | - | - | - |
| Announcement Date | 3/12/20 | 3/25/21 | 3/24/22 | 4/19/23 | 4/11/24 | - | - | - |
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 | 3,032 | 3,265 | 2,987 | 3,228 | 3,271 | 3,430 | 3,199 | 3,290 | 3,456 | 3,682 | 3,410 |
| EBITDA 1 | 4,595 | 891.2 | 766.6 | 893.3 | 953 | 858.3 | 761.2 | 798.5 | 774.7 | 676.7 | 806.7 |
| EBIT 1 | 4,131 | 430 | 320.3 | 425.8 | 500.9 | 395.2 | 298.7 | 329.8 | 510.9 | 172.2 | 431.3 |
| Operating Margin | 136.26% | 13.17% | 10.72% | 13.19% | 15.31% | 11.52% | 9.34% | 10.02% | 14.78% | 4.68% | 12.65% |
| Earnings before Tax (EBT) 1 | 4,083 | 428.9 | 265.1 | - | - | - | 84.1 | 40.2 | - | 126.4 | 206.5 |
| Net income 1 | 3,142 | 337.5 | 214.9 | - | - | - | 64.5 | -7.3 | 120.8 | 100.5 | 141 |
| Net margin | 103.64% | 10.34% | 7.2% | - | - | - | 2.02% | -0.22% | 3.5% | 2.73% | 4.13% |
| EPS | 4.920 | 0.5400 | 0.3700 | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/9/21 | 3/24/22 | 5/11/22 | 8/17/22 | 11/14/22 | 4/19/23 | 5/15/23 | 8/16/23 | 11/8/23 | 4/11/24 | - |
1PLN in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 12,207 | 11,846 | 7,819 | 9,920 | - | 13,468 | 13,893 | 13,937 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.909 x | 2.826 x | 1.946 x | 2.858 x | - | 4.096 x | 3.766 x | 3.59 x |
| Free Cash Flow 1 | 2,621 | 2,245 | 2,076 | 910 | - | 643 | 826 | 686 |
| ROE (net income / shareholders' equity) | 8.14% | 8.08% | 29.6% | 5.87% | - | 2.6% | 4.69% | - |
| ROA (Net income/ Total Assets) | 3.48% | 3.47% | 13.5% | 2.79% | - | 1.2% | 2.4% | - |
| Assets 1 | 31,643 | 32,899 | 32,676 | 32,272 | - | 9,454 | 28,942 | - |
| Book Value Per Share 2 | 21.60 | 22.60 | 24.10 | 27.40 | - | 24.10 | 26.80 | 24.90 |
| Cash Flow per Share | 5.430 | - | - | - | - | - | - | - |
| Capex 1 | 1,354 | 1,345 | 2,765 | 1,900 | - | 2,741 | 2,410 | 2,286 |
| Capex / Sales | 11.6% | 11.24% | 22.22% | 14.71% | - | 19.25% | 16.28% | 14.67% |
| Announcement Date | 3/12/20 | 3/25/21 | 3/24/22 | 4/19/23 | 4/11/24 | - | - | - |
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-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
13.02
PLN
Average target price
13.19
PLN
Spread / Average Target
+1.23%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +7.02% | 2.13B | |
| +13.89% | 206B | |
| +4.87% | 169B | |
| +1.75% | 119B | |
| -11.09% | 81.78B | |
| +15.51% | 71.14B | |
| +4.32% | 61.25B | |
| -5.94% | 50.61B | |
| -29.33% | 39.59B | |
| -18.53% | 38.16B |
- Stock Market
- Equities
- CPS Stock
- Financials Cyfrowy Polsat S.A.