Bank Handlowy w Warszawie S.A.

BHW.WA

Banks - Regional · Financial Services

Exchange

Warsaw Stock Exchange

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Growth

Weak

Valuation

Good

Track this stock — start free trial

Winston Score History

The full picture

Bank Handlowy w Warszawie is one of Poland's oldest banks, founded in 1870 and operating under the Citi Handlowy brand. It offers everyday banking services like checking accounts, loans, credit cards, and wealth management to individual customers and businesses across Poland. The bank is majority-owned by Citigroup, which gives it a strong international connection and access to global banking infrastructure.

The bank earns money through interest on loans, fees for banking services, and income from financial products like investments and insurance. It operates almost entirely in Poland, making it a regional bank with a focused geographic footprint. Its connection to Citigroup is a key competitive advantage, particularly for serving large corporations and multinational companies doing business in Poland. The main risk the bank faces is exposure to Poland's interest rate environment, since changes in rates directly affect how much profit it earns on loans and deposits.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-9.7% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-11.1% YoY

YoY Growth Rate

Earnings declining

Insider Activity

75.1%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

80.0B PLN cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Bank Handlowy w Warszawie S.A.'s revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Bank Quality

Not applicable for this business.

Growth

Sales growth

Sales YoY

-17.4%

Shrinking sales (-17.4% YoY)

Profit growth

EPS YoY

-7.0%

Earnings shrinking (-7.0% YoY)

Slight earnings drop. Typical near a cyclical low.

How steady the profit is

EPS Consistency

1/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Capital Strength

Not applicable for this business.

Asset Quality

Not applicable for this business.

Valuation

Price vs profit

P/E Ratio (TTM)

9.8x

no trend

Attractive valuation — P/E 9.8

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial