Erste Bank Polska SA

Erste Bank Polska SA maintains a capital structure characterized by a debt-to-equity ratio of 0.54, indicating moderate leverage relative to its equity base of 35.4 billion PLN. The bank holds total assets of 308.2 billion PLN against total liabilities of 272.7 billion PLN. Liquidity is assessed as medium risk, with a key flag noting that net cash is negative after subtracting total debt, which stands at 19.1 billion PLN in long-term obligations. The current market capitalization is 70.2 billion PLN, trading at a price-to-book ratio of 1.98 and a price-to-tangible book ratio of 1.98.

Profitability metrics show a return on equity (ROE) of 16.3% and a return on assets (ROA) of 1.87% for the latest normalized period. The bank reported net income of 6.48 billion PLN on revenue of 12.7 billion PLN, resulting in a net margin of approximately 51%. While specific cohort medians are not provided in the input data for direct comparison, the ROE of 16.3% suggests strong capital efficiency typical of established commercial banks. The valuation snapshot indicates a price-to-earnings ratio of 12.16, reflecting the market's pricing of these earnings.

Revenue concentration and segment details are not explicitly broken down in the available data, but the company operates primarily within the Polish banking market. The geographic exposure is implicitly concentrated in Poland, given the company name and PLN currency denomination. Without specific segment revenue mixes, the analysis relies on the aggregate financial performance of the commercial banking activity.

Growth trajectory analysis is limited by the absence of historical period data in the input. The current revenue of 12.7 billion PLN and net income of 6.48 billion PLN represent the latest normalized period's performance. Without prior year or quarterly trend data, year-over-year growth rates cannot be calculated from the provided information.

Risk assessment highlights medium liquidity risk and low dilution risk. The primary financial flag is the negative net cash position after debt subtraction, which requires monitoring of cash flow generation. The bank generated operating cash flow of 10.65 billion PLN and free cash flow of 1.71 billion PLN, with capital expenditures of -640.5 million PLN. The dilution risk is low, supported by the fact that basic and diluted shares outstanding are identical at 102.2 million shares.

Recent observations include analyst estimates with a mean price target of 647.13 PLN and a median target of 669.39 PLN, against a current market price of 687.2 PLN. The mean recommendation is 2.56, with 2 strong buys, 1 buy, and 5 holds. Competitor context lists major global banks such as JPMorgan Chase and Bank of America, though specific comparative metrics are not provided.

Revenue PLN 3.06B, −14,9% YoY; Net income −40,7% YoY.

• ▍Revenue PLN 3.06B, −14,9% YoY
• ▍Net income −40,7% YoY
• ▍Free cash flow −41,1% YoY
• ▍Net margin 33.6%

Revenue PLN 3.15B, −1,5% YoY; Net income +101,3% YoY.

• ▍Revenue PLN 3.15B, −1,5% YoY
• ▍Net income +101,3% YoY
• ▍Free cash flow +2 587,9% YoY
• ▍Net margin 58.3%

Revenue PLN 3.20B, +1,2% YoY; Net income −2,6% YoY.

• ▍Revenue PLN 3.20B, +1,2% YoY
• ▍Net income −2,6% YoY
• ▍Free cash flow −130,6% YoY
• ▍Net margin 59.1%

Revenue PLN 3.18B, +9,8% YoY; Net income +28,1% YoY.

• ▍Revenue PLN 3.18B, +9,8% YoY
• ▍Net income +28,1% YoY
• ▍Free cash flow −21,7% YoY
• ▍Net margin 32.0%

Revenue PLN 3.60B; Net margin 48.2%.

• ▍Revenue PLN 3.60B
• ▍Net margin 48.2%

Revenue PLN 3.20B; Net margin 28.5%.

• ▍Revenue PLN 3.20B
• ▍Net margin 28.5%

Revenue PLN 3.16B; Net margin 61.4%.

• ▍Revenue PLN 3.16B
• ▍Net margin 61.4%

Revenue PLN 2.90B; Net margin 27.5%.

• ▍Revenue PLN 2.90B
• ▍Net margin 27.5%

Revenue PLN 12.70B, +3,5% YoY; Net income +24,3% YoY.

• ▍Revenue PLN 12.70B, +3,5% YoY
• ▍Net income +24,3% YoY
• ▍Free cash flow +162,3% YoY
• ▍Net margin 51.0%

Revenue PLN 12.27B, −6,5% YoY; Net income +7,9% YoY.

• ▍Revenue PLN 12.27B, −6,5% YoY
• ▍Net income +7,9% YoY
• ▍Free cash flow −73,6% YoY
• ▍Net margin 42.5%

Revenue PLN 13.12B, +35,9% YoY; Net income +72,6% YoY.

• ▍Revenue PLN 13.12B, +35,9% YoY
• ▍Net income +72,6% YoY
• ▍Free cash flow −9,7% YoY
• ▍Net margin 36.8%

Revenue PLN 9.65B, +61,9% YoY; Net income +151,8% YoY.

• ▍Revenue PLN 9.65B, +61,9% YoY
• ▍Net income +151,8% YoY
• ▍Free cash flow +146,1% YoY
• ▍Net margin 29.0%