PZU Stock Analysis: Powszechny Zaklad | WAR
Insurance - Property & Casualty | WAR, Poland | Market Cap: 62.450m PLN | 12M Return: 29.3% | PLPZU0000011 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 102M
EPS Trend: 76.0%
Qual. Beats: 0
Rev. Trend: 73.9%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.8 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Powszechny Zakład Ubezpieczeń (PZU) is a Warsaw-based financial services group operating mainly in Poland, with insurance businesses in the Baltic States and Ukraine. Its core offerings include life, motor, property, health, agricultural, and liability insurance.
PZU also operates in banking, asset management, pensions, leasing, and other financial and support services, and has interests in real estate and manufacturing. Insurers typically collect premiums and invest funds to meet future claims; PZU’s investment and banking activities extend beyond its core property and casualty business. Founded in 1803, the company is listed in Poland under ticker PZU.
- Motor premium growth must outpace claims inflation and repair costs
- Falling Polish rates could weaken investment income and bank margins
- Solvency capital rules shape dividend capacity and shareholder returns
| Net Income: 6.48b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -1.67 > 1.0 |
| NWC/Revenue: -36.22% < 20% (prev 47.71%; Δ -83.93% < -1%) |
| CFO/TA 0.04 > 3% & CFO 22.5b > Net Income 6.48b |
| Net Debt (25.5b) to EBITDA (25.8b): 0.99 < 3 |
| Current Ratio: 0.54 > 1.5 & < 3 |
| Outstanding Shares: last quarter (863.3m) vs 12m ago -0.00% < -2% |
| Gross Margin: 61.63% > 18% (prev 96.93%; Δ -35.30% > 0.5%) |
| Asset Turnover: 12.32% > 50% (prev 10.92%; Δ 1.40% > 0%) |
| Interest Coverage Ratio: 3.72 > 6 (EBIT TTM 24.2b / Interest Expense TTM 6.49b) |
| A: -0.04 (Total Current Assets 28.6b - Total Current Liabilities 52.8b) / Total Assets 561b |
| B: 0.01 (Retained Earnings 4.79b / Total Assets 561b) |
| C: 0.04 (EBIT TTM 24.2b / Avg Total Assets 541b) |
| D: 0.07 (Book Value of Equity 34.4b / Total Liabilities 492b) |
| Altman-Z'' = 0.12 = B |
| DSRI: 0.86 (Receivables 4.65b/4.60b, Revenue 66.6b/56.8b) |
| GMI: 1.57 (GM 96.93% / 61.63%) |
| AQI: 1.13 (AQ_t 0.94 / AQ_t-1 0.83) |
| SGI: 1.17 (Revenue 66.6b / 56.8b) |
| TATA: -0.03 (NI 6.48b - CFO 22.5b) / TA 561b) |
| Beneish M = -2.42 (Cap -4..+1) = BBB |
As of October 31, 2026, the stock is trading at PLN 72.14 with a total of 1,511,599 shares traded. Over the past week, the price has changed by -0.25%, over one month by +0.56%, over three months by +8.12% and over the past year by +29.30%.
Current recommended Stop Loss: 68.70 (which is 4.8% or 2.7 ATR below the current price).
Powszechny Zaklad has no consensus analysts rating.
P/E Trailing = 9.6298
P/E Forward = 16.9492
P/S = 1.0012
P/B = 1.8135
P/EG = 1.7185
Revenue TTM = 66.6b PLN
EBIT TTM = 24.2b PLN
EBITDA TTM = 25.8b PLN
Long Term Debt = 37.3b PLN (from longTermDebt, last quarter)
Short Term Debt = 4.67b PLN (from shortTermDebt, last quarter)
Debt = 49.5b PLN (from shortLongTermDebtTotal, last quarter) + Leases 1.88b
Net Debt = 25.5b PLN (calculated: Debt 49.5b - CCE 24.0b)
Enterprise Value = 87.9b PLN (62.4b + Debt 49.5b - CCE 24.0b)
Interest Coverage Ratio = 3.72 (Ebit TTM 24.2b / Interest Expense TTM 6.49b)
EV/FCF = 4.22x (Enterprise Value 87.9b / FCF TTM 20.8b)
FCF Yield = 23.68% (FCF TTM 20.8b / Enterprise Value 87.9b)
FCF Margin = 31.25% (FCF TTM 20.8b / Revenue TTM 66.6b)
Net Margin = 9.72% (Net Income TTM 6.48b / Revenue TTM 66.6b)
Gross Margin = 61.63% ((Revenue TTM 66.6b - Cost of Revenue TTM 25.6b) / Revenue TTM)
Gross Margin QoQ = 58.03% (prev 61.20%)
Tobins Q-Ratio = 0.16 (Enterprise Value 87.9b / Total Assets 561b)
Interest Expense / Debt = 13.13% (Interest Expense 6.49b / Debt 49.5b)
Taxrate = 25.87% (4.57b / 17.7b)
NOPAT = 17.9b (EBIT 24.2b * (1 - 25.87%))
Current Ratio = 0.54 (Total Current Assets 28.6b / Total Current Liabilities 52.8b)
Debt / Equity = 1.44 (Debt 49.5b / totalStockholderEquity, last quarter 34.4b)
Debt / EBITDA = 0.99 (Net Debt 25.5b / EBITDA 25.8b)
Debt / FCF = 1.22 (Net Debt 25.5b / FCF TTM 20.8b)
Total Stockholder Equity = 35.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.20% (Net Income 6.48b / Total Assets 561b)
RoE = 18.41% (Net Income TTM 6.48b / Total Stockholder Equity 35.2b)
RoCE = 33.32% (EBIT 24.2b / Capital Employed (Equity 35.2b + L.T.Debt 37.3b))
RoIC = 3.51% (NOPAT 17.9b / Invested Capital 510b)
WACC = 8.45% (E(62.4b)/V(112b) * Re(7.43%) + D(49.5b)/V(112b) * Rd(13.13%) * (1-Tc(0.26)))
Discount Rate = 7.43% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -13.27 | Cagr: -0.00%
[DCF] Terminal Value 72.74% ; FCFF base≈23.7b ; Y1≈20.8b ; Y5≈16.8b
[DCF] Fair Price = 277.5 (EV 265b - Net Debt 25.5b = Equity 240b / Shares 863.5m; r=8.45% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 76.00 | EPS CAGR: 8.10% | SUE: 0.69 | # QB: 0
Revenue Correlation: 73.89 | Revenue CAGR: 5.05% | SUE: 0.78 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.81 | Chg30d=+7.02% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=7.12 | Chg30d=+0.12% | Revisions=+0% | GrowthEPS=-8.7% | GrowthRev=+2.0%
EPS next Year (2027-12-31): EPS=7.53 | Chg30d=-0.08% | Revisions=+0% | GrowthEPS=+5.8% | GrowthRev=+4.9%
[Analyst] Revisions Ratio: +17% (up=2, down=1)