Obermatt

KGHM Polska

WSE:KGH · PLKGHM000017
Metals & MiningX-Large

360

60
EV / EBIT87
Price / Owner Earnings41
Owner Earnings Yield70
Dividend Yield25
Price/Sales28
EV / Gross Profit56
Price/Book46
Return on Capital63
Cash Return on Capital64
Return on Equity71
EBIT Margin55
Gross Profitability40
Cash Conversion8
Accruals21
Owner Earnings Margin66
Sales growth92
Profit Growth91
Long-Term EPS Growth57
Reinvestment16
Price momentum95
Debt load79
Refinancing34
Debt Payback41
Liquidity92
Analyst ratings9
Opinion Changes50
Price Target Upside13
Market mood67
Value Creation16/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

KGHM Polska generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryPoland
IndustryMetals & Mining
SizeX-Large
TypePublic Company
ExchangeWSE
Founded2001
Employees1,121
Websitekghm.com
ISINPLKGHM000017
Last UpdateApr 2, 2026
Themes
Mining Technology

Description

KGHM Polska Miedz S.A. engages in the mining of copper and non-ferrous metals ores; and the production of copper, precious and non-ferrous metals. The company has 10 divisions, such as 3 mines (Lubin Mine Division, Polkowice-Sieroszowice Mine Divisi…

Analysis

Middle-of-the-road

KGHM Polska Miedz S.A. is a middle-of-the-road business: neither the economics nor the price stand out from the peer group. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is fair. You pay 17.7× its owner earnings: the cash an owner could take out each year, which is in the historically fair zone. At today's price, the market is assuming roughly 5% yearly growth; analysts expect 22%. The price, in other words, assumes less than the experts do.

The trajectory is solid and the balance sheet is adequate. The company scores 16/20 on our value-creation score: strong value creator.

What to watch: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
75
2023202420252026

All-time high

75

Jun 2026

All-time low

4

Jan 2024

Average rank

42

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
28
27
34
34
Price/Earnings
79
50
11
38
Price/Book
46
51
67
67
Dividend Yield
25
20
26
20
Value (overall)
26
17
20
20

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →