{"id":112409,"date":"2021-04-26T13:59:09","date_gmt":"2021-04-26T11:59:09","guid":{"rendered":"https:\/\/tim.www.timsa.pl\/brokerage-house-biuro-maklerskie-pko-bp-company-valuation-for-the-year-at-the-level-of-pln-662-802-mln-pln-30-36-per-1-share\/"},"modified":"2021-04-26T13:59:09","modified_gmt":"2021-04-26T11:59:09","slug":"brokerage-house-biuro-maklerskie-pko-bp-company-valuation-for-the-year-at-the-level-of-pln-662-802-mln-pln-30-36-per-1-share","status":"publish","type":"post","link":"https:\/\/www.timsa.pl\/en\/brokerage-house-biuro-maklerskie-pko-bp-company-valuation-for-the-year-at-the-level-of-pln-662-802-mln-pln-30-36-per-1-share\/","title":{"rendered":"Brokerage House – Biuro Maklerskie PKO BP: company valuation (for the year) at the level of PLN 662-802 mln (PLN 30-36 per 1 share)"},"content":{"rendered":"

The\u00a0<\/span><\/span>brokerage house\u00a0<\/span><\/span>Biuro<\/span><\/span>\u00a0<\/span><\/span>Maklerskie<\/span><\/span>\u00a0PKO BP<\/span><\/span>\u00a0<\/span><\/span>gave its analysis an optimistic title\u00a0<\/span><\/span>\u201e<\/span><\/span>OpTIMistycznie<\/span><\/span>\u201d<\/span><\/span>.\u00a0<\/span><\/span>The document was published a few days after TIM<\/span><\/span>\u2019s<\/span><\/span>\u00a0publi<\/span><\/span>cation of its\u00a0<\/span><\/span>results for\u00a0<\/span><\/span>the year<\/span><\/span>\u00a0<\/span><\/span>2020<\/span><\/span>.\u202f<\/span><\/span>\u00a0<\/span><\/b>
\n<\/p>\n

We can\u00a0<\/span>reads<\/span>\u00a0the following<\/span>:\u00a0<\/span>\u201c<\/span>we are raising our forecasts and\u00a0<\/span>expect\u00a0<\/span>a positive sales dynamics\u00a0<\/span>for t<\/span>his year (despite\u00a0<\/span>deconsolidation of rotopino.pl) at the level of 8% y\/y (CAGR of revenues 2021-23: 8%)<\/span>\u201d<\/span>;\u00a0<\/span>\u201c<\/span>We assume cash flow<\/span>s<\/span>\u00a0will allow the\u00a0<\/span>Company\u00a0<\/span>to pay attractive dividends in the coming years (PLN 1.6\u00a0<\/span>per\u00a0<\/span>share in 2021, PLN 1.68\u00a0<\/span>per<\/span>\u00a0share in 2022<\/span>)\u201d.<\/span>\u00a0<\/span><\/p>\n

Based on the DCF model, BM PKO BP analysts determined the value of the company<\/span>\u2019<\/span>s valuation\u00a0<\/span>as at\u00a0<\/span>26<\/span>.04.<\/span>2022\u00a0<\/span>with<\/span>in the range of PLN 662-802 million, i.e. PLN 30-36 per\u00a0<\/span>1\u00a0<\/span>share<\/span>.<\/span>\u00a0<\/span><\/p>\n

\u202f<\/span>The analysis can be downloaded from<\/span> Komentarze, analizy, rekomendacje<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The\u00a0brokerage house\u00a0Biuro\u00a0Maklerskie\u00a0PKO BP\u00a0gave its analysis an optimistic title\u00a0\u201eOpTIMistycznie\u201d.\u00a0The document was published a few days after TIM\u2019s\u00a0publication of its\u00a0results for\u00a0the year\u00a02020.\u202f\u00a0<\/p>\n","protected":false},"author":1,"featured_media":112410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[81,82],"tags":[],"class_list":["post-112409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investor-relations","category-news-for-investors"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.timsa.pl\/en\/wp-json\/wp\/v2\/posts\/112409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.timsa.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.timsa.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.timsa.pl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.timsa.pl\/en\/wp-json\/wp\/v2\/comments?post=112409"}],"version-history":[{"count":0,"href":"https:\/\/www.timsa.pl\/en\/wp-json\/wp\/v2\/posts\/112409\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.timsa.pl\/en\/wp-json\/wp\/v2\/media\/112410"}],"wp:attachment":[{"href":"https:\/\/www.timsa.pl\/en\/wp-json\/wp\/v2\/media?parent=112409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.timsa.pl\/en\/wp-json\/wp\/v2\/categories?post=112409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.timsa.pl\/en\/wp-json\/wp\/v2\/tags?post=112409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}