Quotations of shares of PKO Bank Polski S.A. on the WSE
In 2023, the share price of PKO Bank Polski S.A. increased by 66.1% to PLN 50.32 at the end of the year, reaching PLN 51.5 during the year, the highest since the crisis initiated by the collapse of Lehman Brothers. Such a strong increase in the share price reflected a significant increase in earnings per share and an increase in valuation expressed as the P/BV ratio due to an improvement in return on equity and a reduction in the cost of capital of the Polish market.
At the end of 2023, PKO Bank Polski S.A. was the largest domestic bank listed on the WSE. At the end of the last trading session in 2023, it was valued by the investors at PLN 62.9 billion.
Due to their high liquidity and capitalization, the Bank’s shares are a part of a number of stock exchange indices, such as the Polish large companies’ indices WIG20 and WIG30, the WIG-Banki banking sector index, the index of companies representing the highest social responsibility standards WIG-ESG, the MSCI Emerging Markets index and the large companies index FTSE Russell and STOXX Europe 600.
Key data on the PKO Bank Polski S.A. shares
| 2023 | 2022 | |
|---|---|---|
| Share price at the end of the year (PLN) | 50.32 | 30.29 |
| Maximum share price (PLN) | 51.50 | 50.44 |
| Minimum share price (PLN) | 24.83 | 21.14 |
| Rate of return since the beginning of the year (%) | 66.13 | -27.57 |
| Number of shares (K) | 1,250,000 | 1,250,000 |
| Capitalization at the end of the year (PLN million) | 62,900.0 | 37,862.5 |
| Average trading volume per session | 2,685,704 | 3,483,522 |
| Share in trading volume (%) | 8.86 | 9.64 |
| Average number of transactions per session | 7,736 | 8,110 |
| Earnings per share (PLN) | 4.40 | 2.65 |
| Book value per share (PLN) | 36.18 | 28.57 |
| P/E (x) | 11.43 | 11.43 |
| P/BV (x) | 1.39 | 1.06 |
Price of shares and capitalization of PKO Bank Polski S.A. compared to competing banks
Investor relations
PKO Bank Polski S.A. maintains regular contact with investors and financial market analysts and aims at maintaining high communication standards. The Bank’s representatives ensure transparent, reliable and complete access to information on the functioning of the Bank, its financial performance and the situation in the banking sector. The Bank allows various forms of contact preferred by the investors and analysts.
In 2023, 342 investor meetings were held:
- The Bank’s and the Bank Group’s financial performance was presented after each quarter by the Bank’s Management Board; the performance presentation was broadcast over the Internet,
- The Bank’s Management Board participated in a number of investor conferences held by brokerage firms: 277 meetings were held during 16 face-to-face conferences and 4 online conferences with investors from Poland (42%), the UK (32%), other European countries (14%), North America (mainly the US) and South America (9%), Asia (3%) and Africa (1%);
- 61 individual meetings took place, of which 23 were held online and 38 took place in the Bank’s office.
PKO Bank Polski S.A. is observed by a wide group of analysts from brokerage offices who issue recommendations to entities listed on the WSE on an ongoing basis. At the end of the year 2023, 18 Polish and foreign analysts published reports and recommendations concerning the Bank’s shares.The average target price of the Bank’s shares for 2023 was PLN 53.4.
All information of significance to the Bank’s investors and shareholders was immediately published on the Investor Relations website at https://www.pkobp.pl/investor-relations/. In 2023, the Bank once again launched its online annual report in the form of a website in two language versions: Polish and English (https://raportroczny2022.pkobp.pl/ https://raportroczny2022.pkobp.pl/en/), which facilitates obtaining key financial and business information.