Port Fleet 99 AD Valuation

Q: What is the Fair Price of PF99 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

PF99 (BGN9.2) is trading below our estimate of [[fair value]] (BGN19.69)

Is PF99 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PF99 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PF99 (BGN9.2) is trading below our estimate of fair value (BGN19.69)

Significantly Below Fair Value: PF99 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PF99?

Key metric: As PF99 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PF99. This is calculated by dividing PF99's market cap by their current earnings.
What is PF99's PE Ratio?
PE Ratio	5.9x
Earnings	лв3.16m
Market Cap	лв18.48m

PF99 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.5x
Enterprise Value/EBITDA	4.5x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does PF99's PE Ratio compare to its peers?

The above table shows the PE ratio for PF99 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	11.5x
PFB Port Flot-Burgas AD	20.4x	n/a	лв82.0m
ODES Odessos Shiprepair Yard	9.5x	n/a	лв183.0m
VGP Vegetexco Port	12.8x	n/a	₫252.0b
TUGS Harbor Star Shipping Services	3.3x	n/a	₱608.3m
PF99 Port Fleet 99 AD	5.9x	n/a	лв18.5m

Price-To-Earnings vs Peers: PF99 is good value based on its Price-To-Earnings Ratio (5.9x) compared to the peer average (11.5x).

Price to Earnings Ratio vs Industry

How does PF99's PE Ratio compare vs other companies in the European Infrastructure Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: PF99 is good value based on its Price-To-Earnings Ratio (5.9x) compared to the European Infrastructure industry average (14.6x).

Price to Earnings Ratio vs Fair Ratio

What is PF99's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PF99 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	5.9x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PF99's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.