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PGE

PGE's Cash & Cash Equivalents fell 50.0% yoy to PLN 3,108 mil in 2015

By Helgi Library - April 2, 2020

PGE's total assets reached PLN 61,296 mil at the end of 2015, down 7.41% compared to the previous year. Current as...

Profit Statement
Balance Sheet
Ratios
Valuation

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Jan 2014
Company Report

Polska Grupa Energetyczna (PGE Group) is a state-owned power company and the largest power producing company in Poland. PGE was created by the merger of PSE, PGE Energia SA and BOT Górnictwo i Energetyka in 2007. In 2009, the Company shares entered the Warsaw Stock Exchange. PGE Group is a vertically integrated group which also includes two lignite mines, four power plants and ten cogeneration plants, eight distribution system operators, eight retail sales companies, a wholesale trading company as well as companies active in other branches (including the telecommunications industry). Poland's Government held nearly a 62% stake in the PGE Group at the end of 2012. In 2009, PGE announced a plan to build two nuclear power stations in Poland

Finance

PGE has been growing its sales by a year on average in the last 5 years. EBITDA has grown by 0% during that time to total of in 2015, or of sales. That’s compared to % average margin seen in last five years.

The company netted in 2015 implying ROE of and ROCE of . Again, the average figures were % and %, respectively when looking at the previous 5 years.

PGE’s net debt amounted to at the end of 2015, or of equity. When compared to EBITDA, net debt was x, up when compared to average of x seen in the last 5 years.

Valuation

PGE stock traded at per share at the end of 2015 resulting in a market capitalization of . Over the previous five years, stock price grew by 0% or % a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of x and price to earnings (PE) of x as of 2015.

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