TRADING MULTIPLES

Stock exchange indicators for 2017–2019
Key metrics
Unit
2019
2018
2017
2019/2018 change (%)
Net profit attributable to owners of the parent
PLNm
1,371
3,209
2,923
(57%)
Earnings per share1
PLN
0.24
0.56
0.51
(57%)
Stock price at the close of trading on last session day in the year
PLN
4.33
6.91
6.29
(37%)
Average stock price in the year
PLN
5.59
6.12
6.33
(9%)
Number of shares outstanding
million shares
5,778
5,778
5,778
-
Capitalisation at year end
PLNm
25,019
39,928
36,346
(37%)
Average daily trading volume
million shares
5.02
3.90
3.50
29%
Average daily trading value
PLNm
27.62
24.20
21.70
14%
Dividend amount3
PLNm
1,040
-
1,156
-
Stock exchange indicators2
 
 
 
 
 
P/E at average share price
-
23.56
11.02
12.52
114%
P/E at year end
-
18.25
12.44
12.44
47%
P/BV at year end
-
0.66
1.09
1.08
(48%)
EV/EBITDA
-
5.22
5.58
5.59
(18%)
Dividend per share3
PLN
0.18
-
0.20
-
Source: WSE – Warsaw Stock Exchange (Giełda Papierów Wartościowych S.A. w Warszawie).
1) Attributable to holders of ordinary shares in the parent.
2) Prices at close of trading.
3) Dividend from previous year’s profit. 
P/E at average share price = average share price in financial year / net earnings per share attributable to owners of the parent
P/E at year end = share price at close of trading on last session day in financial year / net earnings per share attributable to owners of the parent
P/BV at year end = share price at close of trading on last session day in financial year / book value per share
EV/EBITDA = market capitalisation at close of trading on last session day in financial year + net debt at end of financial year / operating profit (earnings before interest, taxes, depreciation and amortisation) in financial year + total depreciation and amortisation in financial year
Dividend per share = dividend for previous financial year / number of shares outstanding