Wirtualna Polska Holding S.A.

DB:9DE Stock Report

Market Cap: €545.0m

Wirtualna Polska Holding Valuation

Is 9DE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 9DE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9DE (€17.46) is trading below our estimate of fair value (€40.63)

Significantly Below Fair Value: 9DE is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9DE?

Key metric: As 9DE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 9DE. This is calculated by dividing 9DE's market cap by their current earnings.
What is 9DE's PE Ratio?
PE Ratio15.6x
Earningszł150.26m
Market Capzł2.35b

Price to Earnings Ratio vs Peers

How does 9DE's PE Ratio compare to its peers?

The above table shows the PE ratio for 9DE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.9x
NWO New Work
30.7x32.3%€367.6m
YOC YOC
14.7x20.1%€55.6m
G24 Scout24
35.2x14.8%€6.2b
M8G Verve Group
15x22.0%€764.1m
9DE Wirtualna Polska Holding
15.6x17.4%€2.3b

Price-To-Earnings vs Peers: 9DE is good value based on its Price-To-Earnings Ratio (15.6x) compared to the peer average (23.9x).

Price to Earnings Ratio vs Industry

How does 9DE's PE Ratio compare vs other companies in the European Interactive Media and Services Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
9DE 15.6xIndustry Avg. 16.0xNo. of Companies6PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 9DE is good value based on its Price-To-Earnings Ratio (15.6x) compared to the European Interactive Media and Services industry average (16x).

Price to Earnings Ratio vs Fair Ratio

What is 9DE'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.

9DE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.6x
Fair PE Ratio16.8x

Price-To-Earnings vs Fair Ratio: 9DE is good value based on its Price-To-Earnings Ratio (15.6x) compared to the estimated Fair Price-To-Earnings Ratio (16.8x).

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 9DE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€17.46
€26.18
+49.9%
15.8%€30.91€18.36n/a6
Nov ’25€16.72
€26.16
+56.5%
15.8%€30.89€18.35n/a6
Oct ’25€20.35
€28.57
+40.4%
9.2%€31.60€24.11n/a6
Sep ’25€22.55
€29.75
+31.9%
8.3%€33.74€26.30n/a6
Aug ’25€20.90
€30.89
+47.8%
8.7%€34.03€26.89n/a6
Jul ’25€24.10
€30.88
+28.1%
8.7%€34.01€26.88n/a6
Jun ’25€25.35
€30.88
+21.8%
8.7%€34.01€26.88n/a6
May ’25€27.50
€29.48
+7.2%
8.8%€33.64€26.68n/a6
Apr ’25€27.95
€31.17
+11.5%
6.3%€33.61€27.81n/a5
Mar ’25€26.75
€29.54
+10.4%
10.8%€33.60€24.33n/a5
Feb ’25€26.70
€28.94
+8.4%
12.6%€33.55€24.30n/a5
Jan ’25€27.75
€28.94
+4.3%
12.6%€33.55€24.30n/a5
Dec ’24€24.50
€28.94
+18.1%
12.6%€33.55€24.30n/a5
Nov ’24€22.95
€27.14
+18.3%
12.8%€31.37€22.72€16.725
Oct ’24€20.65
€27.84
+34.8%
12.4%€32.45€23.50€20.355
Sep ’24€22.35
€27.84
+24.6%
12.4%€32.45€23.50€22.555
Aug ’24€26.20
€28.42
+8.5%
13.4%€34.00€23.80€20.905
Jul ’24€25.95
€26.73
+3.0%
15.0%€33.43€23.40€24.105
Jun ’24€25.55
€27.26
+6.7%
16.8%€33.28€23.30€25.355
May ’24€24.05
€25.38
+5.5%
13.8%€31.18€22.42€27.505
Apr ’24€22.30
€25.38
+13.8%
13.8%€31.18€22.42€27.955
Mar ’24€20.30
€25.80
+27.1%
12.9%€31.12€22.38€26.755
Feb ’24€22.00
€25.80
+17.3%
12.9%€31.12€22.38€26.705
Jan ’24€21.45
€25.80
+20.3%
12.9%€31.12€22.38€27.755
Dec ’23€20.60
€25.80
+25.2%
12.9%€31.12€22.38€24.505
Nov ’23€19.60
€25.26
+28.9%
13.5%€30.25€21.67€22.955

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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