1.37%
12.75%
25.61%
20.91%
22.49%
17.35%
75.28%
AI Spotlight on MIL
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.
Market Data
| Last Price | 10.35 |
| Change Percentage | 1.37% |
| Open | 10.12 |
| Previous Close | 10.21 |
| Market Cap ( Millions) | 12556 |
| Volume | 53976 |
| Year High | 10.86 |
| Year Low | 7.66 |
| M A 50 | 9.07 |
| M A 200 | 8.88 |
Financial Ratios
| FCF Yield | 10.03% |
| Dividend Yield | 0.00% |
| ROE | 9.14% |
| Debt / Equity | 95.05% |
| Net Debt / EBIDTA | 0.00% |
| Price To Book | 1.64 |
| Price Earnings Ratio | 18.97 |
| Price To FCF | 9.97 |
| Price To sales | 1.55 |
| EV / EBITDA | 0 |
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Retail Banking
Expected Growth : 7.43 %
What the company do ?
Retail Banking from Bank Millennium S.A. offers personal banking services, including accounts, credit cards, loans, and investments, to individual customers in Poland.
Why we expect these perspectives ?
Strong brand recognition, extensive branch network, and digitalization efforts drove Retail Banking growth at Bank Millennium S.A. The 7.43% growth rate can be attributed to increased mortgage lending, higher transactional activity, and a growing customer base. Additionally, the bank's focus on innovative digital solutions, such as mobile banking and online lending platforms, has enhanced customer experience and contributed to the segment's expansion.
Segment n°2 -> Corporate Banking
Expected Growth : 6.5 %
What the company do ?
Corporate Banking from Bank Millennium S.A. provides financial solutions and services to large and medium-sized enterprises, supporting their business growth and development.
Why we expect these perspectives ?
The 6.5% growth in Corporate Banking at Bank Millennium S.A. is driven by increasing demand for cash management and trade finance services, expansion into new industries, and strategic partnerships. Additionally, investments in digitalization and process automation have improved operational efficiency, enabling the bank to better serve its corporate clients and capitalize on emerging opportunities.
Segment n°3 -> Treasury, Assets and Liabilities Management and Other
Expected Growth : 7.38 %
What the company do ?
Treasury: manages bank's liquidity, Assets: lends to customers, Liabilities: customer deposits, and Other: non-core activities, all within Bank Millennium S.A.'s operations.
Why we expect these perspectives ?
Treasury: Effective ALM strategies, optimized liquidity, and risk management. Assets: Diversified loan portfolio, increased mortgage lending, and robust credit quality. Liabilities: Strong deposit growth, improved CASA ratio, and stable funding costs. Other: Digital transformation, cost discipline, and strategic partnerships driving operational efficiency and revenue growth, contributing to 7.38% growth.
Segment n°4 -> FX Mortgage
Expected Growth : 5.83 %
What the company do ?
FX Mortgage from Bank Millennium S.A. allows Polish residents to borrow in a foreign currency, typically CHF, EUR, or USD, often with lower interest rates, but carrying exchange rate risks.
Why we expect these perspectives ?
The 5.83% growth of FX Mortgage from Bank Millennium S.A. is driven by increasing demand for foreign currency-denominated mortgages, particularly among Polish expats and foreign investors. Additionally, competitive interest rates, government support for homeownership, and a growing economy contribute to the segment's expansion.
Bank Millennium S.A. Products
| Product Range | What is it ? |
|---|---|
| Personal Accounts | Bank Millennium S.A. offers a range of personal accounts for individuals, including current accounts, savings accounts, and student accounts. |
| Credit Cards | The bank offers a variety of credit cards with different benefits, such as cashback, travel insurance, and purchase protection. |
| Mortgage Loans | Bank Millennium S.A. provides mortgage loans for individuals and families to purchase or renovate a home. |
| Business Accounts | The bank offers business accounts for small and medium-sized enterprises, including current accounts, savings accounts, and business loans. |
| Investment Products | Bank Millennium S.A. offers a range of investment products, including mutual funds, bonds, and structured products. |
| Insurance Products | The bank provides a range of insurance products, including life insurance, health insurance, and property insurance. |
| Online Banking | Bank Millennium S.A. offers online banking services, allowing customers to manage their accounts, make transactions, and access financial information online. |
| Mobile Banking | The bank provides mobile banking services, enabling customers to manage their accounts, make transactions, and access financial information on-the-go. |
Bank Millennium S.A.'s Porter Forces
Threat Of Substitutes
The threat of substitutes for Bank Millennium S.A. is medium due to the presence of alternative banking services and financial institutions in Poland.
Bargaining Power Of Customers
The bargaining power of customers is low due to the lack of concentration of buyers in the Polish banking industry.
Bargaining Power Of Suppliers
The bargaining power of suppliers is low due to the presence of multiple suppliers of technology and services in the banking industry.
Threat Of New Entrants
The threat of new entrants is high due to the growing trend of digital banking and fintech companies entering the Polish market.
Intensity Of Rivalry
The intensity of rivalry is high due to the presence of multiple banks and financial institutions in Poland, leading to intense competition for market share.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 45.70% |
| Debt Cost | 10.46% |
| Equity Weight | 54.30% |
| Equity Cost | 10.46% |
| WACC | 10.46% |
| Leverage | 84.18% |
Bank Millennium S.A. : Quality Control
Bank Millennium S.A. passed 5 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| IFS | Intercorp Financial Services Inc. provides banking, insurance, and wealth management services for retail and commercial clients in Peru. The company operates through three segments: Banking, Insurance, and Wealth Management. It … |
| BAP | Credicorp Ltd., a financial service holding company, provides various financial, insurance, and health services and products primarily in Peru and internationally. The company's Universal Banking segment offers deposits and current … |
| BIRG.IR | Bank of Ireland Group plc provides various banking and financial products and services. The company operates through Retail Ireland, Wealth and Insurance, Retail UK, and Corporate and Treasury segments. It … |
| ZUGER.SW | Zuger Kantonalbank provides various banking products and services to private and corporate clients in Switzerland. It offers private banking products comprising bank accounts in various currencies and card products; personal, … |
| LUKN.SW | Luzerner Kantonalbank AG provides various banking products and services to individuals, companies, institutions, families, and non-profit organizations in Switzerland. It offers accounts and deposit products; savings and pension solutions; investment … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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