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PGE Polska Grupa Energetyczna S.A. (PGE.WA)

PLN9.35 -0.15 (-1.54%)
PL WSE Utilities Regulated Electric
Address ul. Mysia 2 00-496
Lublin, PL
CEO Robert Piotr Kowalski
Website gkpge.pl
IPO 2009-12-15
ISIN PLPGER000010

Explore sections of this company profile

Also trades on Other OTC · PGPKY (USD) Warsaw Stock Exchange · PGE.WA (PLN)
Description

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.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
PLN9.35 -0.15 (-1.54%)
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
0.85
Float Shares
878.12M
Free Float %
39.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.90% +4.07% -2.01% -3.25% +8.60% +17.91% +16.63% +50.07% +4.79% -14.77% -56.98%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
9.35
DCF (Levered) 5.46 -41.6%

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.

Ratings Trend (MoM) 43% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 3 0
Hold 1 0
Sell 3 -1
Strong Sell 0 0
Quality scores
Altman Z-Score
0.65
Distress
Piotroski F-Score
4 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
4 / 5
High
P/E Score
1 / 5
Low
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • 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)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* 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.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.90) × ERP
WACC = 62% × Ke + 38% × Kd (8.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 9.35
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
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
Historical Ratings (3M)
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

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-1.32B
OE per share TTM
-0.61
Owner's Yield
-5.48%
Maintenance CapEx ratio
170.34%
Maint CapEx / Avg PPE
107.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 106 ETFs in our universe
# 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

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-46.6K
Shares Outstanding
2.24B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
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
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits