CIE (Ciech SA) vs WIG20 Comparison

CIE

WIG20

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare

CIE

WIG20

Difference

1Y 3Y 5Y 10Y 15Y 20Y

CIE

WIG20

Add Stock

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare

WIG20

CIE

2010

PTPIF

TPIA

DOW

Add Stock

1Y 3Y 5Y 10Y 15Y 20Y

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare

Ciech SA
Glance View

Market Cap

2.8B PLN

Industry

Chemicals

Ciech SA engages in the manufacture and distribution of chemical products. The company is headquartered in Warsaw, Woj. Mazowieckie and currently employs 3,322 full-time employees. The company went IPO on 2005-02-10. The company is structured into five operating segments. The Soda segment covers the manufacturing of light and dense soda ash, evaporated salt, sodium bicarbonate and calcium chloride, used in the glass, food, detergent and pharmaceutical industries. The Organic segment produces such organic compounds as polyurethane foams, epoxy resins and polyester resins used in furniture, automotive, paints and electronics industries, as well as crop protection chemicals used in agriculture. The Silicates and Glass segment covers the production of glass and soda glaze, as well as glass packaging used in construction and food industries. The Transport segment provides rail transport services in Poland, and the Other Activities segment covers services rendered outside the Group. The firm has a number of production plants in Poland, Germany and Romania, and exports its products to more than 100 countries around the world.

View CIE Analysis

CIE Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

SA	Saudi Basic Industries Corporation SJSC SAU:2010	Add
ID	Chandra Asri Pacific PT Tbk OTC:PTPIF	Add
ID	Chandra Asri Petrochemical Tbk PT IDX:TPIA	Add
US	Dow Inc NYSE:DOW	Add
UK	LyondellBasell Industries NV NYSE:LYB	Add
CN	Hengli Petrochemical Co Ltd SSE:600346	Add
US	Westlake Corp NYSE:WLK	Add
KR	LG Chem Ltd KRX:051910	Add
CN	Rongsheng Petrochemical Co Ltd SZSE:002493	Add
JP	Toray Industries Inc TSE:3402	Add

SA	Saudi Basic Industries Corporation SJSC SAU:2010	Select
ID	Chandra Asri Pacific PT Tbk OTC:PTPIF	Select
ID	Chandra Asri Petrochemical Tbk PT IDX:TPIA	Select
US	Dow Inc NYSE:DOW	Select
UK	LyondellBasell Industries NV NYSE:LYB	Select
CN	Hengli Petrochemical Co Ltd SSE:600346	Select
US	Westlake Corp NYSE:WLK	Select
KR	LG Chem Ltd KRX:051910	Select
CN	Rongsheng Petrochemical Co Ltd SZSE:002493	Select
JP	Toray Industries Inc TSE:3402	Select

SA	Saudi Basic Industries Corporation SJSC SAU:2010	Add
ID	Chandra Asri Pacific PT Tbk OTC:PTPIF	Add
ID	Chandra Asri Petrochemical Tbk PT IDX:TPIA	Add
US	Dow Inc NYSE:DOW	Add
UK	LyondellBasell Industries NV NYSE:LYB	Add
CN	Hengli Petrochemical Co Ltd SSE:600346	Add
US	Westlake Corp NYSE:WLK	Add
KR	LG Chem Ltd KRX:051910	Add
CN	Rongsheng Petrochemical Co Ltd SZSE:002493	Add
JP	Toray Industries Inc TSE:3402	Add

HR	C	CROBEX INDX:CRBEX	Add
SA	T	Tadawul All Share INDX:TASI	Add
TH	S	SET Index INDX:SET	Add
ID	J	Jakarta Composite Index INDX:JKSE	Add
GR	A	Athens General Composite INDX:ATG	Add
BR	B	BOVESPA INDX:BVSP	Add
AR	S	S&P Merval INDX:MERV	Add
MX	M	Mexico S&P/BMV IPC INDX:MXX	Add
CZ	P	PX Prague Stock Index INDX:PX	Add
RU	M	MOEX Russia INDX:IMOEX	Add

	Franklin Covey Co NYSE:FC	30.78 USD -12.8%
	Mohawk Industries Inc NYSE:MHK	117.82 USD -0.39%
	Ardmore Shipping Corp NYSE:ASC	13.49 USD 7.4%
	ASGN Inc NYSE:ASGN	85.435 USD -1.71%
	Skyworks Solutions Inc NASDAQ:SWKS	91.24 USD -1.5%
	Weatherford International PLC NASDAQ:WFRD	71.32 USD -1.12%

CIE

vs

WIG20

Stocks Performance
CIE vs WIG20

Performance Gap
CIE vs WIG20

Performance By Year
CIE vs WIG20

Competitors Performance
Ciech SA vs Peers

Ciech SA
Glance View

Company

Help

Tools

Stocks

	Johnson & Johnson NYSE:JNJ	142.87 USD 0.42%
	Bank of America Corp NYSE:BAC	44.87 USD -2.9%
	Mastercard Inc NYSE:MA	504.22 USD -2.36%
	Salesforce Inc NYSE:CRM	318.01 USD -2.72%
	Abbvie Inc NYSE:ABBV	175.8852 USD -1.46%
	Home Depot Inc NYSE:HD	389.785 USD 0.67%

	Arista Networks Inc NYSE:ANET	113.68 USD -1.58%
	Visa Inc NYSE:V	306.44 USD -1.97%
	Texas Pacific Land Corp NYSE:TPL	1 297.79 USD 1.71%
	KLA Corp NASDAQ:KLAC	677.585 USD -1.26%
	Manhattan Associates Inc NASDAQ:MANH	264.317 USD -3%
	Pinduoduo Inc NASDAQ:PDD	95.34 USD -4.96%

	Salesforce Inc NYSE:CRM	318.01 USD -2.72%
	ServiceNow Inc NYSE:NOW	1 022.41 USD -2.54%
	EOG Resources Inc NYSE:EOG	131.125 USD 2.07%
	Copart Inc NASDAQ:CPRT	55.47 USD -2.31%
	Applied Materials Inc NASDAQ:AMAT	170.25 USD -3.81%
	Synopsys Inc NASDAQ:SNPS	485.5 USD -3.29%

	Johnson & Johnson NYSE:JNJ	142.87 USD 0.42%
	Berkshire Hathaway Inc NYSE:BRK.A	662 082.75 USD -2.34%
	Bank of America Corp NYSE:BAC	44.87 USD -2.9%
	Mastercard Inc NYSE:MA	504.22 USD -2.36%
	UnitedHealth Group Inc NYSE:UNH	525.01 USD 0.09%
	Exxon Mobil Corp NYSE:XOM	106.46 USD -0.44%

CIE vs WIG20

Stocks Performance CIE vs WIG20

Performance Gap CIE vs WIG20

Performance By Year CIE vs WIG20

Competitors Performance Ciech SA vs Peers

Ciech SA Glance View

Company

Help

Tools

Stocks

CIE

vs

WIG20

Stocks Performance
CIE vs WIG20

Performance Gap
CIE vs WIG20

Performance By Year
CIE vs WIG20

Competitors Performance
Ciech SA vs Peers

Ciech SA
Glance View