KGHM Polska Miedz S.A./zł KGH
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Capital at risk
About KGHM Polska Miedz S.A.
KGHM Polska Miedź S.A. is a prominent company in the mining and metals industry, specializing in the extraction and processing of copper, precious metals, and other non-ferrous metals. Founded in 1961, KGHM is headquartered in Lubin, Poland, and operates mines in Poland as well as other international locations, including North and South America. The company's core operations include mining, smelting, and refining, with significant production of copper, silver, and other by-products. KGHM is strategically positioned with a vertically integrated business model that enhances its control over the production process, enabling efficiency and cost management. It is recognized for its extensive mineral resources and reserves, which contribute to its competitive strengths in the global market.
- Ticker
- zł KGH
- Sector
- Materials
- Primary listing
- WSE
- Employees
- 34,413
- Headquarters
- Lubin, Poland
- Website
- kghm.com
KGH Metrics
BasicAdvanced
zł 56B
6.75
zł 43.44
1.33
zł 1.50
0.51%
Price and volume
Market cap
zł 56B
Beta
1.33
52-week high
zł 396.40
52-week low
zł 184.00
Average daily volume
686K
Dividend rate
zł 1.50
Financial strength
Current ratio
1.371
Quick ratio
0.327
Long term debt to equity
0.114
Total debt to equity
0.148
Interest coverage (TTM)
145.93%
Profitability
EBITDA (TTM)
10,476
Gross margin (TTM)
24.45%
Net profit margin (TTM)
19.96%
Operating margin (TTM)
18.78%
Effective tax rate (TTM)
27.62%
Revenue per employee (TTM)
zł 1,260,000
Management effectiveness
Return on assets (TTM)
8.49%
Return on equity (TTM)
24.15%
Valuation
Price to earnings (TTM)
6.745
Price to revenue (TTM)
1.347
Price to book
1.42
Price to tangible book (TTM)
1.43
Price to free cash flow (TTM)
-64.179
Free cash flow yield (TTM)
-1.56%
Free cash flow per share (TTM)
-4.565
Dividend yield (TTM)
0.51%
Forward dividend yield
0.51%
Growth
Revenue change (TTM)
22.96%
Earnings per share change (TTM)
265.92%
3-year revenue growth (CAGR)
8.92%
10-year revenue growth (CAGR)
9.01%
3-year earnings per share growth (CAGR)
106.54%
10-year earnings per share growth (CAGR)
3.93%
3-year dividend per share growth (CAGR)
14.47%
What the Analysts think about KGH
Analyst ratings (Buy, Hold, Sell) for KGHM Polska Miedz S.A. stock.
Analyst projections of the future price of KGHM Polska Miedz S.A. stock.
Bulls say / Bears say
KGHM’s first-half 2026 net profit reached PLN 5.6 billion and adjusted EBITDA rose 89%, while copper output increased 2% and net debt fell. That combination of strong earnings and a lower debt burden gives it more room to fund operations and investment. (KGHM Polska Miedź)
The Sierra Gorda expansion is designed to lift processing capacity and copper output by about 20%, with lower unit costs as a further aim. It offers a material production uplift once the new line reaches full capacity, expected in the second half of 2030. (KGHM Polska Miedź)
The EU has given strategic-project status to KGHM’s planned Polish mine development and Legnica recycling plant. The projects could expand its copper resource base and recycling output, while the designation may help with permitting and financing. (KGHM Polska Miedź)
Overseas operations are a weak spot: KGHM’s Q2 report coverage said copper production at its international assets fell 37%, as Robinson moved to lower-grade ore. Continued operational problems there could offset stronger performance in Poland. (Investing.com)
KGHM plans more than PLN 32 billion of investment in 2026–30, while Sierra Gorda’s added production is not expected until the second half of 2030. This is a large, long-dated capital commitment, leaving execution and the timing of returns as key risks. (KGHM Polska Miedź, KGHM Polska Miedź)
Recent earnings were highly exposed to the copper rally: first-half revenue rose 41% and net profit reached PLN 5.6 billion, but payable copper output grew only 2%. A fall in metal prices could therefore reverse a significant part of the profit uplift. (Reuters, KGHM Polska Miedź)
Data summarised monthly by Lightyear AI. Last updated on 16 Oct 2026.
KGH Financial Performance
Revenues and expenses
KGH Earnings Performance
Company profitability
Upcoming events
No upcoming events
Funds containing KGH
Fund name | Fund size | zł KGH weighting |
|---|---|---|
VanEck S&P Global Mining£GIGB | $2.4B | 0.54% |
VanEck S&P Global Mining$GDIG | $2.4B | 0.54% |
SPDR MSCI Emerging Markets$EMRD | $2.3B | 0.11% |
Xtrackers MSCI Emerging Markets$XMME | $15B | 0.09% |
Xtrackers MSCI Emerging Markets£XMMS | $14B | 0.09% |
Latest price is delayed by 15 minutes. Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.