I have recalculated and evaluated the Polish stocks valuation portfolio against the last closing (czech version), which was done on April 23, 2021. The performance has dropped significantly, but still not bad. Based on full year calculation (p.a.) the result is 8,02 percent. If the dividends actually paid are taken into account, the real output is increased to 9,39 percent.
Since November 5, 2020, when I first analyzed and established the Polish Valuation Portfolio (PVP), its annualized performance is 31.63 percent. I am satisfied. For the non polish investor it is necessary to take into account also the exchange rate differences, even though they are currently profitable, this is not the subject of this article.
I have modified the criteria for the new calculation. I have added besides the dividend yield, Forward PE, ROE, PB and Debt/Equity also the annualized growth of EPS for the last three years.
| Stock | Industry | Weight % | PLN |
|---|---|---|---|
| Kernel Holding SA KER/FKER | Food Products | 34,11 | 62,20 |
| Mercator WA MRCP | Health Care Equipment & Supplies | 28,59 | 128,90 |
| Famur SA FMF | Constr. & Agric. Machinery | 12,24 | 3,62 |
| MCI Management SA MCI | Investment Services | 10,17 | 24,70 |
| Selena FM SA SELP | Chemical Manufacturing | 5,69 | 25,00 |
| Boryszew SA BORY | Chemical Manufacturing | 5,41 | 3,13 |
| Archicom SA ARCHP | Construction Services | 3,79 | 22,00 |