Bank Millennium SA (MIL) AI Stock Analysis

• Market Cap: €20.05B
• Dividend Yield: N/A
• Average Volume (3M): 877.44K
• Price to Earnings (P/E): 19.5
• Beta (1Y): 1.47
• Revenue Growth: 9.01%
• EPS Growth: 51.90%
• Country: PL
• Employees: 6,700
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.65
• Shares Outstanding: 1,213,116,800
• 10 Day Avg. Volume: 1,075,416
• 30 Day Avg. Volume: 877,443
• PEG Ratio: 0.59
• Price to Book (P/B): 1.39
• Price to Sales (P/S): 1.11
• P/FCF Ratio: 0.89
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: zł16.00 ▼(-3.21% Downside)

Bank Millennium SA's overall stock score is driven primarily by its solid financial performance, particularly in revenue growth and cash flow generation. However, the stock's valuation and technical indicators suggest moderate attractiveness, with room for improvement in profitability and leverage management. The absence of a dividend yield and neutral technical signals further moderate the score.

Bank Millennium SA Business Overview & Revenue Model

Company Description

Bank Millennium S.A. provides various banking products and services in Poland. It operates through Retail Customer; Corporate Customer; FX Mortgage Loans; and Treasury, Assets and Liabilities Management and Other segments. The company offers current accounts; saving products; renewable, cash loans, loans secured with assets accumulated in the Bank, and loans for purchase of securities, as well as mortgage loans; brokerage services; investment funds and solutions; payment cards; letter of credit; bank guarantee and document collection services; factoring; trade finance; foreign currency exchange services; custody services; pension schemes; overdraft; life and non-life insurance; and custodial services. It also provides leasing and financing services for cars and vans, machinery and equipment industries, road, rail, water, and air, as well as real estate properties; and internet, ATM, transactional, and mobile banking services. The company serves its services to individual customers on the mass market, affluent customers, and sole traders, as well as services to small companies, medium and large companies, and public sector entities. It operates 655 branches. The company was formerly known as BIG Bank GDANSKI SA and changed its name to Bank Millennium S.A. in January 2003. Bank Millennium S.A. was founded in 1989 and is headquartered in Warsaw, Poland. Bank Millennium S.A. operates as a subsidiary of Banco Comercial Português, S.A.

How the Company Makes Money

Bank Millennium generates revenue primarily through interest income from loans and advances to customers, which include retail and corporate lending. A significant portion of its earnings comes from fees and commissions generated through various banking services, such as account maintenance, transaction fees, and investment services. The bank also earns money through the sale of insurance products and asset management services. Additionally, interest income from investments in securities and other financial instruments contributes to its revenue. Strategic partnerships with financial technology firms enhance its service offerings and customer reach, thereby supporting its overall earnings.

Bank Millennium SA Financial Statement Overview

Summary

Bank Millennium SA demonstrates solid revenue growth and cash flow generation, but profitability and leverage present areas for improvement. The company is on a positive trajectory with strong cash flow performance, yet must address its leverage and profitability to enhance financial stability and shareholder value.

Income Statement

Bank Millennium SA has shown a strong revenue growth rate of 9.28% in the latest year, indicating positive momentum. However, the net profit margin is relatively low at 7.37%, suggesting room for improvement in profitability. The gross profit margin is healthy at 63.85%, but the EBIT and EBITDA margins are modest, reflecting potential cost management issues.

Balance Sheet

The debt-to-equity ratio has increased to 1.07, indicating higher leverage, which could pose risks if not managed carefully. Return on equity is moderate at 9.25%, showing decent profitability relative to equity. The equity ratio stands at 5.59%, suggesting a stable capital structure but with potential for improvement in equity financing.

Cash Flow

The company has achieved an impressive free cash flow growth rate of 865.49%, highlighting strong cash generation capabilities. The operating cash flow to net income ratio is low at 0.11, indicating potential issues in converting income to cash. However, the free cash flow to net income ratio is robust at 97.99%, reflecting efficient cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.57B	9.76B	10.16B	5.87B	3.94B	4.31B
Gross Profit	5.28B	6.47B	6.97B	4.21B	3.82B	3.76B
EBITDA	2.17B	1.10B	1.52B	-521.83M	-799.35M	421.35M
Net Income	1.03B	719.21M	575.72M	-1.01B	-1.33B	22.82M
Balance Sheet
Total Assets	152.69B	139.15B	125.52B	110.94B	103.91B	97.32B
Cash, Cash Equivalents and Short-Term Investments	0.00	5.62B	5.89B	10.27B	3.95B	2.09B
Total Debt	8.13B	7.95B	5.16B	2.24B	2.29B	3.00B
Total Liabilities	143.88B	131.38B	118.63B	105.45B	97.22B	88.23B
Stockholders Equity	8.81B	7.77B	6.89B	5.49B	6.70B	9.09B
Cash Flow
Free Cash Flow	10.59B	12.16B	14.21B	9.84B	2.69B	-3.21B
Operating Cash Flow	10.90B	12.41B	14.40B	9.99B	2.79B	-3.14B
Investing Cash Flow	-16.18B	-19.18B	-12.19B	1.22B	-556.58M	2.04B
Financing Cash Flow	7.18B	2.43B	2.06B	-355.03M	-444.95M	-1.06B

Bank Millennium SA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 16.53
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PL:MIL, the sentiment is Positive. The current price of 16.53 is above the 20-day moving average (MA) of 15.71, above the 50-day MA of 15.65, and above the 200-day MA of 14.74, indicating a bullish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 62.99 is Neutral, neither overbought nor oversold. The STOCH value of 93.69 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PL:MIL.

Bank Millennium SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ING	75 Outperform	zł44.62B	9.77	25.90%	7.34%	7.35%	3.83%
BHW	73 Outperform	zł13.38B	9.29	18.15%	13.41%	-1.33%	-19.83%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
MIL	63 Neutral	€20.05B	19.51	12.54%	―	9.01%	51.90%