BHW.WA
Bank Handlowy w Warszawie S.A.
WarsawPLNEQUITY
Financial Services
DELAYED
Neutral
+5/100
Last price
120.00
▼ 2.40 (1.96%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
Lower pane
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
122.40
Prev close
122.40
Day high
122.40
Day low
119.80
Volume
28.25K
Market cap
$15.65B
P/E (TTM)
10.06
52W range
99.10 – 136.80
Day trading desk
Gap from prior close
+2.00%
Prior close 120.00
VWAP
120.87
-0.72% from price
Relative volume
1.03×
Normal
Session range
2.17%
119.80 – 122.40
Position in range
8%
Near session low
ATR (14D)
2.26
1.88% of price
Prior day high
120.00
PDH
Prior day low
120.00
PDL
Bid / ask spread
—
Quote not published
Session volume
37.98K
Avg 37.04K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-1.80%
-3.4%
1M
+2.39%
+1.3%
3M
-2.44%
-5.5%
6M
+0.67%
-13.9%
YTD
+13.64%
+0.1%
1Y
+12.15%
-3.2%
3Y
+50.75%
-30.5%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on BHW.WA open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
97.89M
Total on file
Fundamentals
Market cap$15.65B
Enterprise value$5.49B
Revenue (TTM)$3.07B
Gross profit$3.07B
EBITDA—
Net income$1.55B
EPS (TTM)$11.93
Free cash flow—
Total cash$18.87B
Total debt$8.38B
Book value / share$71.44
Shares outstanding130.39M
Float32.48M
Short % of float—
Dividend yield11.03%
Beta (5Y)0.57
Valuation & profitability ratios
Trailing P/E10.06
Forward P/E8.45
PEG ratio1.54
Price / sales—
Price / book1.68
EV / revenue1.79
EV / EBITDA—
Gross margin0.00%
Operating margin61.63%
Profit margin57.69%
Return on equity16.72%
Return on assets1.98%
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $3.12B | $3.29B | $4.55B | $3.68B | -5.4% |
| Operating revenue | $3.12B | $3.29B | $4.55B | $3.68B | -5.4% |
| Selling, general & admin | $177.78M | $188.39M | $473.40M | $468.90M | -5.6% |
| Total operating expense | $917.23M | $925.99M | $1.65B | $1.58B | -0.9% |
| Pre-tax income | $2.15B | $2.33B | $2.86B | $1.99B | -7.5% |
| Tax provision | $395.67M | $542.23M | $604.27M | $449.01M | -27.0% |
| Net income | $1.67B | $1.76B | $2.26B | $1.55B | -5.3% |
| Net income to common | $1.67B | $1.76B | $2.26B | $1.55B | -5.3% |
| Basic EPS | 12.79 | 13.48 | 17.27 | 11.83 | -5.1% |
| Diluted EPS | 12.79 | 13.48 | 17.27 | 11.83 | -5.1% |
| Basic shares | 130.27M | 130.58M | 130.66M | 130.66M | -0.2% |
| Diluted shares | 130.27M | 130.58M | 130.66M | 130.66M | -0.2% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $9.77B | $5.83B | $1.30B | $1.64B | +67.4% |
| Property, plant & equipment | $446.98M | $521.13M | $508.40M | $455.42M | -14.2% |
| Goodwill & intangibles | $878.39M | $872.88M | $1.29B | $1.26B | +0.6% |
| Total assets | $78.85B | $72.48B | $72.57B | $68.47B | +8.8% |
| Total debt | $1.14B | $1.19B | $113.10M | $121.81M | -4.2% |
| Total liabilities | $68.81B | $62.61B | $62.84B | $60.51B | +9.9% |
| Retained earnings | $1.65B | $2.39B | $2.89B | $2.18B | -30.8% |
| Shareholder equity | $10.04B | $9.87B | $9.73B | $7.96B | +1.8% |
| Net tangible assets | $9.16B | $9.00B | $8.44B | $6.70B | +1.9% |
| Shares issued | 130.66M | 130.66M | 130.66M | 130.66M | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $1.67B | $1.76B | $2.26B | $1.55B | -5.3% |
| Depreciation & amortisation | $48.08M | $119.34M | $111.03M | $103.02M | -59.7% |
| Change in working capital | $4.55B | $4.16B | -$41.13M | -$7.00B | +9.5% |
| Operating cash flow | $5.52B | $5.13B | $1.42B | -$5.04B | +7.6% |
| Capital expenditure | -$64.77M | -$171.62M | -$209.57M | -$142.79M | +62.3% |
| Investing cash flow | -$21.32M | -$142.82M | -$197.63M | -$113.16M | +85.1% |
| Share buybacks | -$16.67M | -$33.33M | $0 | — | +50.0% |
| Dividends paid | -$1.79B | -$1.45B | -$1.18B | -$714.71M | -23.1% |
| Financing cash flow | -$1.86B | -$434.37M | -$1.19B | -$726.29M | -328.1% |
| Free cash flow | $5.45B | $4.96B | $1.22B | -$5.18B | +10.0% |
| End cash position | $9.42B | $5.79B | $1.24B | $671.34M | +62.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $728.92M | $978.00M | $732.41M | $752.01M | $848.25M | — | -25.5% |
| Operating revenue | $728.92M | $978.00M | $732.41M | $752.01M | $848.25M | — | -25.5% |
| Selling, general & admin | $66.24M | $74.09M | -$408.61M | $44.98M | $42.53M | — | -10.6% |
| Total operating expense | $260.63M | $374.53M | $173.66M | $210.90M | $209.10M | — | -30.4% |
| Pre-tax income | $411.51M | $586.57M | $541.06M | $521.55M | $624.47M | — | -29.8% |
| Tax provision | $135.81M | $194.32M | $68.52M | $110.12M | $110.26M | — | -30.1% |
| Net income | $320.80M | $385.60M | $596.40M | $469.41M | $165.55M | — | -16.8% |
| Net income to common | $320.80M | $385.60M | $596.40M | $469.41M | $165.55M | — | -16.8% |
| Basic EPS | 2.46 | 2.96 | — | 3.60 | 1.27 | 3.33 | -16.9% |
| Diluted EPS | 2.46 | 2.96 | — | 3.60 | 1.27 | 3.33 | -16.9% |
| Basic shares | 130.39M | 130.27M | — | 130.49M | 130.49M | 130.55M | +0.1% |
| Diluted shares | 130.39M | 130.27M | — | 130.49M | 130.49M | 130.55M | +0.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $3.06B | $25.30B | $9.77B | $15.45B | $11.18B | -87.9% |
| Property, plant & equipment | $330.19M | $441.00M | $446.98M | $448.78M | $454.72M | -25.1% |
| Goodwill & intangibles | $881.38M | $882.02M | $878.39M | $874.83M | $874.14M | -0.1% |
| Total assets | $72.57B | $88.23B | $78.85B | $79.52B | $84.30B | -17.7% |
| Total debt | $2.43B | — | $1.14B | — | $1.15B | — |
| Total liabilities | $63.25B | $78.15B | $68.81B | $70.18B | $75.06B | -19.1% |
| Retained earnings | $1.11B | $2.04B | $1.65B | $1.06B | $589.41M | -45.4% |
| Shareholder equity | $9.32B | $10.08B | $10.04B | $9.35B | $9.24B | -7.5% |
| Net tangible assets | $8.44B | $9.20B | $9.16B | $8.47B | $8.36B | -8.3% |
| Shares issued | 130.66M | 130.66M | 130.66M | 130.66M | 130.66M | 0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Operating cash flow | $949.31M | $4.54B | $1.51B | -$1.43B | $4.54B | -79.1% |
| Investing cash flow | -$12.06B | -$9.51M | -$13.37M | $1.97M | -$9.56M | -126,701.9% |
| Financing cash flow | -$20.63M | -$12.49M | -$460.60M | -$1.37B | -$12.97M | -65.1% |
| Free cash flow | $928.84M | $4.54B | $1.45B | -$1.39B | $4.50B | -79.5% |
| End cash position | $2.81B | $13.94B | $9.42B | $8.39B | $11.19B | -79.8% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $0 | — |
| Next quarter | — | — | $0 | — |
| Current year | 11.80 | 1 | $3.13B | -24.9% |
| Next year | 10.62 | 3 | $3.06B | -2.2% |
Analyst targets & ownership
Mean target$120.84
High target$130.00
Low target$102.00
Implied upside0.70%
Analyst count5
ConsensusHOLD
Strong buy / Buy0 / 0
Hold4
Sell / Strong sell1 / 0
Held by insiders75.00%
Held by institutions2.38%
Institutions holding44
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
121.38
-1.14% from price
SMA 20
120.65
-0.54% from price
SMA 50
120.86
-0.71% from price
SMA 100
122.55
-2.08% from price
SMA 200
118.34
+1.40% from price
EMA 12
120.74
-0.62% from price
EMA 26
120.64
-0.53% from price
EMA 50
120.83
-0.68% from price
RSI (14)
47.3
Neutral
MACD (12,26,9)
0.11
Hist -0.18
ATR (14)
2.26
1.88% of price
Realised vol 30D
22.3%
Annualised
Bollinger upper
125.48
20, 2σ
Bollinger lower
115.82
20, 2σ
50 / 200 cross
Golden
120.86 vs 118.34
Trend bias
Above 200
+1.40%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.09
Less volatile than market
Correlation to SPY
0.05
Largely independent
Realised vol 30D
22.3%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-15.8%
Peak to trough
Max drawdown 5Y
-27.1%
Peak to trough
ATR 14
2.26
1.88% of price
Beta (reported)
0.57
5Y monthly, from filing
Dividends & splits
Forward rate$13.24 / yr
Forward yield11.03%
5-year avg yield6.27%
Payout ratio111.00%
Ex-dividend dateJun 24, 2026
Next pay date—
Last split—
Split date—
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.