Tauron - Price To Book Value

Energy & Utility | Poland | March 4, 2014
Excel Sheet

Tauron Group is Poland-based energy holding company created in 2006 as a merger of Energetyka Południe, Południowy Koncern Energetyczny, Enion, EnergiaPro, Elektrownia Stalowa Wola, Elektrociepłownia Tychy and Przedsiębiorstwo Energetyki Cieplnej. As a result, the Tauron Group became the second largest electricity generator in Poland. In 2012 total capacity of Group's power plants was about 5.5 MW and annual electricity generation reached 19.11 TWh.

Tauron stock trades at relatively low valuation. The market capitalization of the company reached USD 2.7 bil at the end of 2012, implying the stock trading at PE of less than 6x, or at half its book value