Companies which are undervalued more than 20% based on the Discounted Cash Flow valuation.

Analysts Target

Company	Last Price	7D Return	1Y Return	Market Cap	Analysts Target	Valuation	Growth	Div Yield	Industry
PKN	zł139.92	5.3%	60.9%	zł162.4b	zł134.89	25.2	10.7%	5.7%	Energy
PKO	zł112.88	7.3%	44.9%	zł141.1b	zł108.12	2.4	8.9%	5.4%	Banks
EBP	zł687.20	4.6%	36.5%	zł70.2b	zł650.20	2.0	9.6%	7.3%	Banks
PEO	zł244.30	4.8%	32.1%	zł64.1b	zł255.25	1.8	3.4%	8.1%	Banks
PZU	zł69.42	1.7%	15.6%	zł59.9b	zł72.42	9.5	2.7%	6.9%	Insurance
ALE	zł39.83	3.6%	14.6%	zł40.4b	zł40.76	22.1	14.2%	n/a	Retail
BNP	zł152.00	1.9%	49.0%	zł22.5b	zł153.56	1.3	-1.4%	6.7%	Banks
ALR	zł141.60	5.8%	46.6%	zł18.5b	zł144.08	1.4	-1.0%	6.5%	Banks
BFT	zł4,990.00	-0.1%	58.2%	zł16.5b	zł5,083.33	22.1	17.8%	0%	Commercial Services
BHW	zł123.00	0.7%	12.6%	zł16.1b	zł114.33	1.6	-6.9%	5.6%	Banks
ACP	zł177.75	-0.9%	-15.8%	zł14.3b	zł157.19	19.9	5.0%	7.3%	Software
MDV	zł99.50	2.6%	-48.9%	zł8.3b	zł111.03	0.8	49.7%	0%	Retail
KRU	zł414.00	-1.8%	5.8%	zł8.1b	zł540.40	7.4	7.8%	4.3%	Diversified Financials
SNT	zł384.60	6.4%	94.8%	zł3.3b	zł357.80	8.0	-27.4%	2.8%	Healthcare
ARH	zł55.80	7.3%	24.0%	zł3.3b	zł55.15	16.5	24.4%	3.2%	Consumer Durables
GPP	zł43.75	-4.0%	-31.4%	zł3.0b	zł59.32	12.7	8.4%	6.9%	Commercial Services
CBF	zł192.80	-0.6%	20.2%	zł2.9b	zł209.63	40.4	31.6%	1.3%	Telecom
SGN	zł77.90	0.4%	-32.8%	zł1.8b	n/a	20.7	n/a	n/a	Software
WPL	zł58.00	-0.7%	-27.9%	zł1.7b	zł84.21	0.7	75.5%	2.2%	Media
CMP	zł86.40	-2.7%	85.4%	zł1.7b	zł85.00	21.7	17.4%	0%	Software
TOR	zł71.30	7.2%	91.9%	zł1.6b	zł75.00	20.9	13.9%	4.8%	Capital Goods
MUR	zł37.90	-1.3%	-2.8%	zł1.5b	zł49.81	8.2	13.7%	13.0%	Real Estate Management and Development
COG	zł5.83	-2.5%	-23.0%	zł1.3b	zł5.03	0.6	108.0%	0%	Materials
GTC New	zł2.28	4.6%	-43.3%	zł1.3b	zł4.05	1.5	67.3%	n/a	Real Estate Management and Development

Undervalued over 20% based on DCF