PARK24 Valuation

Q: What is the Fair Price of 3WN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

3WN (€10.7) is trading below our estimate of [[fair value]] (€14.4)

Is 3WN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

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 3WN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3WN (€10.7) is trading below our estimate of fair value (€14.4)

Significantly Below Fair Value: 3WN is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3WN?

Key metric: As 3WN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3WN. This is calculated by dividing 3WN's market cap by their current earnings.
What is 3WN's PE Ratio?
PE Ratio	18.3x
Earnings	JP¥16.90b
Market Cap	JP¥308.77b

3WN 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	1.1x
Enterprise Value/EBITDA	6x
PEG Ratio	1.1x

Price to Earnings Ratio vs Peers

How does 3WN's PE Ratio compare to its peers?

The above table shows the PE ratio for 3WN 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	10.8x
BFSA Befesa	13.4x	29.5%	€740.0m
GBF Bilfinger	7.2x	2.3%	€1.7b
CWC CEWE Stiftung KGaA	10.7x	2.3%	€691.2m
AAD Amadeus FiRe	12x	7.2%	€418.3m
3WN PARK24	18.3x	16.3%	€308.8b

Price-To-Earnings vs Peers: 3WN is expensive based on its Price-To-Earnings Ratio (18.3x) compared to the peer average (10.8x).

Price to Earnings Ratio vs Industry

How does 3WN's PE Ratio compare vs other companies in the European Commercial Services Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 3WN is expensive based on its Price-To-Earnings Ratio (18.3x) compared to the European Commercial Services industry average (14.6x).

Price to Earnings Ratio vs Fair Ratio

What is 3WN'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.

3WN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	18.3x
Fair PE Ratio	12.6x

Price-To-Earnings vs Fair Ratio: 3WN is expensive based on its Price-To-Earnings Ratio (18.3x) compared to the estimated Fair Price-To-Earnings Ratio (12.6x).

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.