PGE Polska Grupa Energetyczna S.A. (PGE.WA)
Lublin, PL
PGE Polska Grupa Energetyczna S.A. is a prominent Polish energy utility primarily engaged in the generation, transmission, and distribution of electricity nationwide. The company operates through seven core business units: Conventional Generation, District Heating, Renewables, Supply, Distribution, Circular Economy, and Other Operations. It utilizes a broad spectrum of energy sources, producing power from lignite, hard coal, natural gas, and biomass, as well as an expanding portfolio of renewable technologies including wind, solar (photovoltaic), and hydroelectric. PGE's extensive infrastructure includes 5 conventional power plants, 16 combined heat and power (CHP) facilities, 2 lignite mines, 17 wind farms, 5 solar power installations, 29 run-of-river hydroelectric plants, and 4 pumped-storage hydro plants (two of which leverage natural flow). Beyond electricity, the firm also handles the production, transmission, and distribution of heat, participates in wholesale electricity and gas markets, trades in emission certificates, and manages fuel procurement and sales. It directly provides electricity and associated services to a substantial customer base of approximately 5 million households, businesses, and various institutions. Established in 1990, PGE Polska Grupa Energetyczna S.A. maintains its headquarters in Warsaw, Poland.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +1.90% | +4.07% | -2.01% | -3.25% | +8.60% | +17.91% | +16.63% | +50.07% | +4.79% | -14.77% | -56.98% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 3 | 0 |
| Hold | 1 | 0 |
| Sell | 3 | -1 |
| Strong Sell | 0 | 0 |
-
Revenue growth Regulated Electric: +9.0%-4.7% Q1'26: +1.7% (vs Q1'25)
-
EPS growth Regulated Electric: +12.7%-10.6% Q1'26: -20.4% (vs Q1'25)
-
FCF margin FCF growth · Regulated Electric: +35.5%+4.7% Q1'26: -5.1% (vs Q1'25)
-
EBIT margin Regulated Electric: +19.9%-3.3% Q1'26: +17.2% (vs Q1'25)
-
ROIC Regulated Electric: +4.4%-4.2% Q1'26: +17.3% (vs Q1'25)
-
Share dilution Regulated Electric: +0.0%+0.0% Q1'26: +0.3% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Regulated Electric: 4.23×1.25× ★ Q1'26: 0.96× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 2 Rev. Ana. 3 EPS Ana. |
Dec 2027 5 Rev. Ana. 2 EPS Ana. |
Dec 2028 3 Rev. Ana. 1 EPS Ana. |
Dec 2029 2 Rev. Ana. 1 EPS Ana. |
Dec 2030 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
28.54B
est: 28.70B (-0.6%)
|
28.09B
est: 27.67B (+1.5%)
|
23.10B
est: 25.31B (-8.7%)
|
25.95B
est: 27.13B (-4.4%)
|
37.63B
est: 35.47B (+6.1%)
|
45.77B
est: 41.09B (+11.4%)
|
52.73B
est: 43.46B (+21.3%)
|
73.44B
est: 76.26B (-3.7%)
|
95.96B
est: 77.70B (+23.5%)
|
64.48B
est: 67.65B (-4.7%)
|
61.43B
est: 61.06B (+0.6%)
|
54.42B
50.28B – 58.56B
-10.9% YoY
|
54.73B
43.88B – 62.15B
+0.6% YoY
|
56.51B
56.00B – 57.02B
+3.2% YoY
|
60.52B
52.00B – 67.04B
+7.1% YoY
|
60.30B
51.81B – 66.79B
-0.4% YoY
|
| EBITDA |
8.34B
est: 3.06B (+172.7%)
|
6.00B
est: 2.95B (+103.2%)
|
6.45B
est: 2.70B (+139.0%)
|
6.00B
est: 2.89B (+107.4%)
|
340.00M
est: 3.78B (-91.0%)
|
5.52B
est: 4.38B (+26.0%)
|
7.92B
est: 4.63B (+70.8%)
|
6.51B
est: 8.13B (-20.0%)
|
10.61B
est: 9.42B (+12.7%)
|
4.07B
est: 8.20B (-50.3%)
|
11.89B
est: 7.40B (+60.6%)
|
6.59B
6.09B – 7.10B
-10.9% YoY
|
6.63B
5.32B – 7.53B
+0.6% YoY
|
6.85B
6.79B – 6.91B
+3.2% YoY
|
7.33B
6.30B – 8.12B
+7.1% YoY
|
7.31B
6.28B – 8.09B
-0.4% YoY
|
| EBIT |
-3.58B
est: 857.90M (-517.3%)
|
3.56B
est: 827.00M (+330.5%)
|
3.27B
est: 756.39M (+331.9%)
|
2.26B
est: 810.92M (+178.8%)
|
-4.42B
est: 1.06B (-516.5%)
|
1.15B
est: 1.23B (-6.8%)
|
5.18B
est: 1.30B (+298.9%)
|
3.96B
est: 2.28B (+73.6%)
|
-2.84B
est: 1.43B (-299.1%)
|
123.00M
est: 1.24B (-90.1%)
|
-2.00B
est: 1.12B (-278.0%)
|
1.00B
924.15M – 1.08B
-10.9% YoY
|
1.01B
806.59M – 1.14B
+0.6% YoY
|
1.04B
1.03B – 1.05B
+3.2% YoY
|
1.11B
955.84M – 1.23B
+7.1% YoY
|
1.11B
952.28M – 1.23B
-0.4% YoY
|
| Net Income |
-3.03B
est: 4.57B (-166.4%)
|
2.57B
est: 2.65B (-2.9%)
|
2.66B
est: 3.63B (-26.8%)
|
1.50B
est: 2.65B (-43.4%)
|
-3.93B
est: 2.55B (-254.0%)
|
110.00M
est: 285.62M (-61.5%)
|
3.97B
est: 1.41B (+180.9%)
|
3.33B
est: 3.51B (-5.1%)
|
-5.01B
est: -5.07B (+1.1%)
|
-3.16B
est: 3.71B (-185.3%)
|
-3.50B
est: 2.88B (-221.5%)
|
4.19B
3.05B – 5.75B
+45.6% YoY
|
4.17B
3.28B – 4.58B
-0.5% YoY
|
4.95B
3.77B – 5.26B
+18.8% YoY
|
5.36B
4.38B – 6.11B
+8.2% YoY
|
5.12B
4.18B – 5.83B
-4.5% YoY
|
| SGA |
2.24B
est: 1.73B (+29.4%)
|
2.41B
est: 1.67B (+44.4%)
|
2.02B
est: 1.53B (+32.2%)
|
2.39B
est: 1.64B (+45.9%)
|
2.46B
est: 2.14B (+14.9%)
|
2.68B
est: 2.48B (+8.1%)
|
2.54B
est: 2.62B (-3.1%)
|
3.39B
est: 4.60B (-26.3%)
|
10.00B
est: 4.56B (+119.4%)
|
2.87B
est: 3.97B (-27.7%)
|
3.08B
est: 3.58B (-13.9%)
|
3.19B
2.95B – 3.44B
-10.9% YoY
|
3.21B
2.58B – 3.65B
+0.6% YoY
|
3.32B
3.29B – 3.35B
+3.2% YoY
|
3.55B
3.05B – 3.93B
+7.1% YoY
|
3.54B
3.04B – 3.92B
-0.4% YoY
|
| EPS |
-1.62
est: 2.04 (-179.6%)
|
1.37
est: 1.18 (+16.2%)
|
1.39
est: 1.62 (-14.2%)
|
0.80
est: 1.18 (-32.2%)
|
-2.10
est: 1.14 (-284.8%)
|
0.06
est: 0.13 (-53.8%)
|
2.12
est: 0.63 (+236.4%)
|
1.56
est: 1.60 (-2.4%)
|
-2.23
est: -2.26 (+1.3%)
|
-1.41
est: 1.69 (-183.5%)
|
-1.56
est: 1.31 (-219.0%)
|
1.96
1.36 – 2.56
+49.6% YoY
|
1.79
1.46 – 2.04
-8.7% YoY
|
2.06
1.68 – 2.35
+15.0% YoY
|
2.39
1.95 – 2.72
+16.0% YoY
|
2.28
1.86 – 2.60
-4.5% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-26 | B | 3/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 5/5 |
| 2026-05-25 | B | 3/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 5/5 |
| 2026-05-22 | B | 3/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 5/5 |
| 2026-05-21 | B | 3/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 5/5 |
| 2026-05-20 | B | 3/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 5/5 |
| 2026-05-19 | B | 3/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 5/5 |
| 2026-05-18 | B | 3/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 5/5 |
| 2026-05-15 | B | 3/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 5/5 |
| 2026-05-14 | B | 3/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 5/5 |
| 2026-05-13 | B | 3/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 5/5 |
| 2026-05-12 | B | 3/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 5/5 |
| 2026-05-11 | B | 3/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 5/5 |
| 2026-05-08 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 5/5 |
| 2026-05-07 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 5/5 |
| 2026-05-06 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 5/5 |
| 2026-05-05 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 5/5 |
| 2026-05-04 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 5/5 |
| 2026-04-30 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 5/5 |
| 2026-04-29 | B- | 2/5 | 3/5 | 1/5 | 1/5 | 3/5 | 1/5 | 5/5 |
| 2026-04-28 | B- | 2/5 | 3/5 | 1/5 | 1/5 | 3/5 | 1/5 | 5/5 |
| 2026-04-27 | C+ | 2/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 5/5 |
| 2026-04-24 | C+ | 2/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 5/5 |
| 2026-04-23 | C+ | 2/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 5/5 |
| 2026-04-22 | C+ | 2/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 5/5 |
| 2026-04-21 | C+ | 2/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 5/5 |
| 2026-04-20 | C+ | 2/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 5/5 |
| 2026-04-17 | C+ | 2/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-16 | C+ | 2/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | iShares MSCI Poland UCITS ETF IPOL.L | 1.71% | 15.59M | 0.74% |
| 2 | iShares MSCI Poland ETF EPOL | 1.50% | 9.99M | 0.59% |
| 3 | Cambria Global Value ETF GVAL | 0.63% | 3.38M | 0.66% |
| 4 | Vident International Equity Strategy ETF VIDI | 0.36% | 1.43M | 0.61% |
| 5 | Rayliant Wilshire NxtGen Emerging Markets Equity ETF RWEM | 0.23% | 182.6K | 0.52% |
| 6 | iShares Edge MSCI EM Value Factor UCITS ETF EMVL.L | 0.19% | 3.12M | 0.40% |
| 7 | Lazard International Dynamic Equity ETF IDEQ | 0.11% | 1.42M | 0.40% |
| 8 | Schwab International Small-Cap Equity ETF SCHC | 0.08% | 4.54M | 0.06% |
| 9 | Dimensional - Emerging Markets Value ETF DFEV | 0.08% | 1.61M | 0.46% |
| 10 | Invesco FTSE RAFI Emerging Markets UCITS ETF PSRM.L | 0.08% | 64.7K | 0.49% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Robert Piotr Kowalski | Deputy Chief Executive Officer & Vice President of the Management Board for Support and Development | 745.8K | male |
| Marcin Laskowski | Vice President of Management Board for Regulation | 741.2K | male |
| Grzegorz Kuczynski | Secretary of the Supervisory Board & Independent Member of the Supervisory Board | 37.9K | male |
| Filip Osadczuk | Head of Investor Relations | — | male |
| Agnieszka Pawelska | External Communications Manager | — | — |
| Konrad Mroz | Head of External Communications Department & Press Office | — | — |
| Piotr Sudol | Director of Finance Division | — | — |
| Przemyslaw Jastrzebski | Deputy Chief Financial Officer & Vice Chairman of Management Board | — | — |
| Katarzyna Rozenfeld | Vice-President of the Management Board | — | — |
| Andrzej Legezynski | Chief Executive Officer of PGE GiEK | — | — |
| Dariusz Lubera | President of the Management Board | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for PGE.WA
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

MSCI World Index (MSC)
NASDAQ Composite (NASDAQ)
FTSE China A50 Index (FGI)
STOXX Europe 600 (SIX)
Nikkei 300 (OSA)
NIFTY 50 (NSE)
DAX Performance Index (XETRA)
FTSE 100 (FGI)
CAC 40 (EURONEXT)
