Kofola CeskoSlovensko Valuation

Is KOFOL 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 KOFOL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KOFOL (CZK376) is trading below our estimate of fair value (CZK865.27)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for KOFOL. This is calculated by dividing KOFOL's market cap by their current earnings.
What is KOFOL's PE Ratio?
PE Ratio	15.3x
Earnings	Kč523.30m
Market Cap	Kč8.00b

KOFOL 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	1.2x
Enterprise Value/EBITDA	8.8x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for KOFOL 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	26.2x
TABAK Philip Morris CR	12.6x	n/a	Kč44.6b
OUL Les Eaux Minérales d'Oulmès	38.8x	18.0%	د.م2.6b
ADES Akasha Wira International	13.2x	n/a	Rp5.9t
SSC Sermsuk	40.2x	n/a	฿16.8b
KOFOL Kofola CeskoSlovensko	15.3x	n/a	Kč8.0b

Price-To-Earnings vs Peers: KOFOL is good value based on its Price-To-Earnings Ratio (15.3x) compared to the peer average (26.2x).

Price to Earnings Ratio vs Industry

How does KOFOL's PE Ratio compare vs other companies in the European Beverage Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: KOFOL is good value based on its Price-To-Earnings Ratio (15.3x) compared to the European Beverage industry average (17.3x).

Price to Earnings Ratio vs Fair Ratio

What is KOFOL'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.

KOFOL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	15.3x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate KOFOL'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?

The above table shows the analyst KOFOL forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	Kč376.00	Kč406.00 +8.0%	1.0%	Kč410.00	Kč402.00	n/a	2
Jul ’24	Kč246.00	Kč337.00 +37.0%	13.1%	Kč381.00	Kč293.00	Kč304.00	2
Jun ’24	Kč247.00	Kč337.00 +36.4%	13.1%	Kč381.00	Kč293.00	Kč297.00	2
May ’24	Kč246.00	Kč337.00 +37.0%	13.1%	Kč381.00	Kč293.00	Kč270.00	2
Apr ’24	Kč239.00	Kč337.00 +41.0%	13.1%	Kč381.00	Kč293.00	Kč270.00	2
Mar ’24	Kč250.00	Kč337.00 +34.8%	13.1%	Kč381.00	Kč293.00	Kč272.00	2
Feb ’24	Kč253.00	Kč337.00 +33.2%	13.1%	Kč381.00	Kč293.00	Kč275.00	2
Jan ’24	Kč244.00	Kč337.00 +38.1%	13.1%	Kč381.00	Kč293.00	Kč276.00	2
Dec ’23	Kč242.00	Kč337.00 +39.3%	13.1%	Kč381.00	Kč293.00	Kč275.00	2
Nov ’23	Kč234.00	Kč337.00 +44.0%	13.1%	Kč381.00	Kč293.00	Kč268.00	2

Analyst Forecast: Target price is less than 20% higher than the current share price.