Cyfrowy Polsat S.A.

DB:CP9 Stock Report

Market Cap: €2.3b

Cyfrowy Polsat Valuation

Is CP9 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 CP9 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€4.15
Fair Value
18.4% undervalued intrinsic discount
7
Number of Analysts

Below Fair Value: CP9 (€3.38) is trading below our estimate of fair value (€4.15)

Significantly Below Fair Value: CP9 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CP9?

Key metric: As CP9 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CP9. This is calculated by dividing CP9's market cap by their current earnings.
What is CP9's PE Ratio?
PE Ratio14.6x
Earningszł675.90m
Market Capzł9.52b

Price to Earnings Ratio vs Peers

How does CP9's PE Ratio compare to its peers?

The above table shows the PE ratio for CP9 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.3x
SAX Ströer SE KGaA
27.6x27.2%€3.2b
RRTL RTL Group
11.4x4.4%€4.6b
M8G Verve Group
31.7x44.4%€619.5m
G24 Scout24
38.6x15.4%€6.8b
CP9 Cyfrowy Polsat
14.6x21.2%€9.5b

Price-To-Earnings vs Peers: CP9 is good value based on its Price-To-Earnings Ratio (14.6x) compared to the peer average (27.5x).

Price to Earnings Ratio vs Industry

How does CP9's PE Ratio compare vs other companies in the European Media Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
CP9 14.6xIndustry Avg. 13.6xNo. of Companies17PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CP9 is expensive based on its Price-To-Earnings Ratio (14.6x) compared to the European Media industry average (13.6x).

Price to Earnings Ratio vs Fair Ratio

What is CP9'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.

CP9 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.6x
Fair PE Ratio26x

Price-To-Earnings vs Fair Ratio: CP9 is good value based on its Price-To-Earnings Ratio (14.6x) compared to the estimated Fair Price-To-Earnings Ratio (26x).

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 CP9 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€3.38
€3.81
+12.6%
9.1%€4.40€3.33n/a7
Jan ’26€3.15
€3.72
+18.1%
9.1%€4.30€3.25n/a7
Dec ’25€3.20
€3.72
+16.4%
9.1%€4.30€3.25n/a7
Nov ’25€2.85
€3.39
+18.9%
13.5%€4.03€2.65n/a7
Oct ’25€2.84
€3.45
+21.7%
13.5%€4.09€2.69n/a7
Sep ’25€3.23
€3.44
+6.5%
13.5%€4.08€2.68n/a7
Aug ’25€2.87
€3.22
+12.2%
12.8%€3.75€2.68n/a6
Jul ’25€2.69
€3.19
+18.5%
11.2%€3.62€2.70n/a6
Jun ’25€2.85
€3.19
+12.0%
11.2%€3.62€2.70n/a6
May ’25€2.22
€3.04
+36.5%
14.1%€3.56€2.29n/a7
Apr ’25€2.35
€3.10
+32.1%
13.9%€3.56€2.29n/a6
Mar ’25€2.59
€3.24
+25.0%
7.4%€3.56€2.82n/a6
Feb ’25€2.39
€3.32
+39.1%
4.5%€3.56€3.12n/a6
Jan ’25€2.76
€3.32
+20.7%
4.5%€3.56€3.12€3.156
Dec ’24€2.79
€3.32
+19.3%
4.5%€3.56€3.12€3.206
Nov ’24€2.81
€3.51
+24.9%
12.0%€4.20€3.01€2.856
Oct ’24€2.43
€3.69
+52.0%
13.7%€4.53€2.91€2.846
Sep ’24€2.90
€3.98
+37.0%
9.6%€4.70€3.45€3.236
Aug ’24€3.53
€4.82
+36.6%
29.5%€7.93€3.78€2.876
Jul ’24€3.72
€4.91
+32.1%
26.2%€7.74€3.94€2.696
Jun ’24€3.40
€4.91
+44.4%
26.2%€7.74€3.94€2.856
May ’24€3.75
€4.85
+29.2%
25.7%€7.61€4.02€2.226
Apr ’24€3.50
€4.81
+37.5%
24.8%€7.46€4.05€2.356
Mar ’24€3.64
€4.81
+32.2%
24.8%€7.47€4.05€2.596
Feb ’24€3.85
€4.73
+22.9%
25.8%€7.44€3.89€2.396
Jan ’24€3.71
€4.75
+28.1%
25.8%€7.46€3.90€2.766
Analyst Price Target
Consensus Narrative from 7 Analysts
€3.52
Fair Value
4.0% undervalued intrinsic discount
7
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/30 16:14
End of Day Share Price 2025/01/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Cyfrowy Polsat S.A. is covered by 22 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Maurice PatrickBarclays
Ondrej CabejšekBerenberg
Kamil KliszczBiuro maklerskie mBanku