ScoreWhy is Bank Millennium SA ?
1
Weak Capital Buffers- the bank has a low Capital Adequacy Ratio of 14.06% signifying inadequate buffers against its risk based assets
- Weak Capital Buffers- the bank has a low Capital Adequacy Ratio of 14.06% signifying inadequate buffers against its risk based assets
- A high ratio signifies bank has weaker due diligence systems when giving out loans
2
Positive results in Dec 25
- ROCE(HY) Highest at 0.81%
- GROSS NPA (%)(Q) Lowest at 3.72%
- NET PROFIT(Q) Highest at PLN 833.7 MM
3
With ROA of 0.32%, it has a fair valuation with a 2.12 Price to Book Value
- The stock is trading at a discount compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 12.27%, its profits have risen by 25% ; the PEG ratio of the company is 1
4
Underperformed the market in the last 1 year
- The stock has generated a return of 12.27% in the last 1 year, much lower than market (Poland WIG) returns of 27.62%
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Bank Millennium SA should be less than 10%
- Overall Portfolio exposure to Regional Banks should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Regional Banks)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Bank Millennium SA for you?
Medium Risk, High Return
Absolute
Risk Adjusted
Volatility
Bank Millennium SA
12.27%
2.56
38.03%
Poland WIG
27.62%
1.38
19.95%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
23.90%
EBIT Growth (5y)
33.82%
EBIT to Interest (avg)
0
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0
Tax Ratio
0
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0.20%
ROCE (avg)
0
ROE (avg)
0
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
25
Industry P/E
Price to Book Value
2.12
EV to EBIT
7.44
EV to EBITDA
6.89
EV to Capital Employed
1.82
EV to Sales
2.37
PEG Ratio
0.99
Dividend Yield
NA
ROCE (Latest)
24.44%
ROE (Latest)
8.56%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bullish
Bullish
OBV
Mildly Bearish
Mildly Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend9What is working for the Company
ROCE(HY)
Highest at 0.81%
GROSS NPA (%)
(Q
NET PROFIT(Q)
Highest at PLN 833.7 MM
EPS(Q)
Highest at PLN 0.29
-6What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at PLN 1,949.52 MM
ROCE(HY)
Lowest at 0.81%
CREDIT DEPOSIT RATIO(HY)
Lowest at 60.34%
Here's what is working for Bank Millennium SA
Non Performing Loans (%)
Lowest at 3.72%
in the last four Semi-Annual periodsMOJO Watch
Proportion of stressed loans given by the bank are falling
Non Performing Loans (%)
Net Profit
Highest at PLN 833.7 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (PLN MM)
EPS
Highest at PLN 0.29
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (PLN)
Here's what is not working for Bank Millennium SA
Operating Cash Flow
Lowest at PLN 1,949.52 MM and Fallen
In each year in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (PLN MM)
Credit Deposit Ratio
Lowest at 60.34%
in the last four Semi-Annual periodsMOJO Watch
Bank has been creating proportionately lower loans against its deposits, thereby creating fewer revenue generating assets
Credit Deposit Ratio (%)
Capital Adequacy Ratio
Lowest at 13.7%
in the last five periodsMOJO Watch
The Bank's capital base vs its risk assets is deteriorating.
CAR (%)
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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