Cinemark Holdings, Inc.

DB:ZZA Stock Report

Market Cap: €3.8b

Cinemark Holdings Valuation

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

Below Fair Value: ZZA (€30.64) is trading below our estimate of fair value (€38.33)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ZZA. This is calculated by dividing ZZA's market cap by their current earnings.
What is ZZA's PE Ratio?
PE Ratio16.6x
EarningsUS$235.70m
Market CapUS$3.92b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ZZA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.9x
EVD CTS Eventim KGaA
31.6x14.1%€7.9b
EDL Edel SE KGaA
7.9x9.7%€97.9m
RRTL RTL Group
9.3x-2.6%€3.7b
SAX Ströer SE KGaA
22.6x29.2%€2.6b
ZZA Cinemark Holdings
16.6x7.7%€3.9b

Price-To-Earnings vs Peers: ZZA is good value based on its Price-To-Earnings Ratio (16.6x) compared to the peer average (17.9x).

Price to Earnings Ratio vs Industry

How does ZZA's PE Ratio compare vs other companies in the European Entertainment Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ZZA 16.6xIndustry Avg. 13.9xNo. of Companies12PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ZZA is expensive based on its Price-To-Earnings Ratio (16.6x) compared to the European Entertainment industry average (13.9x).

Price to Earnings Ratio vs Fair Ratio

What is ZZA'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.

ZZA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.6x
Fair PE Ratio17.6x

Price-To-Earnings vs Fair Ratio: ZZA is good value based on its Price-To-Earnings Ratio (16.6x) compared to the estimated Fair Price-To-Earnings Ratio (17.6x).

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 ZZA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€30.64
€30.06
-1.9%
12.5%€33.10€20.23n/a10
Nov ’25€27.24
€30.18
+10.8%
12.5%€33.22€20.30n/a10
Oct ’25€24.86
€25.55
+2.8%
12.5%€28.74€17.96n/a9
Sep ’25€24.92
€24.91
-0.02%
14.9%€28.29€14.60n/a10
Aug ’25€21.74
€22.29
+2.5%
16.1%€25.90€12.95n/a10
Jul ’25€19.94
€20.09
+0.8%
17.6%€24.29€13.08n/a10
Jun ’25€15.60
€19.31
+23.8%
16.9%€23.22€13.00n/a10
May ’25€16.30
€18.60
+14.1%
16.9%€22.55€13.15n/a10
Apr ’25€16.60
€16.65
+0.3%
20.2%€22.20€12.03n/a10
Mar ’25€15.90
€16.65
+4.7%
20.2%€22.20€12.03n/a10
Feb ’25€12.70
€16.62
+30.9%
20.6%€22.16€11.08n/a10
Jan ’25€12.60
€17.47
+38.7%
17.2%€21.73€11.77n/a10
Dec ’24€12.90
€18.56
+43.9%
13.1%€22.05€14.70n/a10
Nov ’24€15.70
€19.21
+22.4%
14.2%€22.61€14.13€27.2410
Oct ’24€17.00
€19.00
+11.8%
14.3%€22.46€13.10€24.8610
Sep ’24€15.10
€17.93
+18.7%
16.8%€21.81€12.72€24.9211
Aug ’24€14.90
€16.60
+11.4%
16.4%€20.53€11.16€21.7411
Jul ’24€15.10
€17.17
+13.7%
14.9%€20.32€11.55€19.9411
Jun ’24€14.90
€17.04
+14.4%
15.2%€20.07€11.40€15.6011
May ’24€15.20
€15.85
+4.3%
14.6%€19.12€11.38€16.3011
Apr ’24€13.48
€14.14
+4.9%
13.3%€16.97€10.37€16.6011
Mar ’24€12.38
€14.14
+14.2%
13.3%€16.97€10.37€15.9011
Feb ’24€11.02
€12.91
+17.2%
18.0%€16.39€8.19€12.7011
Jan ’24€7.99
€13.62
+70.4%
17.8%€16.96€8.48€12.6011
Dec ’23€13.30
€14.87
+11.8%
22.2%€21.95€8.98€12.9011
Nov ’23€10.50
€15.51
+47.6%
26.7%€22.07€9.03€15.7011

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

Discover undervalued companies

Obiz

€24.3m

Provides relationship marketing and customer loyalty solutions in France and internationally.

2GD

€4.05

7D

-6.7%

1Y

-26.6%

illumin Holdings

CA$89.0m

A technology company, provides digital media solutions in the United States, Canada, Europe, Latin America, and internationally.

K3S0

CA$1.17

7D

1.7%

1Y

20.6%

Ipsos

€1.9b

Through its subsidiaries, provides survey-based research services for companies and institutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

IPZ

€44.16

7D

-2.3%

1Y

-10.6%