AS Tallinna Sadam Valuation

Q: What is the Fair Price of TSM1T when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

TSM1T (€1.05) is trading below our estimate of [[fair value]] (€3.4)

Is TSM1T 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 TSM1T when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TSM1T (€1.05) is trading below our estimate of fair value (€3.4)

Significantly Below Fair Value: TSM1T is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TSM1T?

Key metric: As TSM1T is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TSM1T. This is calculated by dividing TSM1T's market cap by their current earnings.
What is TSM1T's PE Ratio?
PE Ratio	15.6x
Earnings	€17.72m
Market Cap	€277.73m

TSM1T 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	3.7x
Enterprise Value/EBITDA	8.7x
PEG Ratio	1.3x

Price to Earnings Ratio vs Peers

How does TSM1T's PE Ratio compare to its peers?

The above table shows the PE ratio for TSM1T 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	13.9x
TAL1T AS Tallink Grupp	9.1x	n/a	€434.2m
9357 Meiko Trans	9.8x	n/a	JP¥45.2b
APMTB APM Terminals Bahrain B.S.C	11.8x	n/a	ب.د105.3m
002492 Zhuhai Winbase International Chemical Tank TerminalLtd	24.7x	n/a	CN¥2.1b
TSM1T AS Tallinna Sadam	15.6x	11.6%	€277.7m

Price-To-Earnings vs Peers: TSM1T is expensive based on its Price-To-Earnings Ratio (15.6x) compared to the peer average (13.8x).

Price to Earnings Ratio vs Industry

How does TSM1T's PE Ratio compare vs other companies in the European Infrastructure Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: TSM1T is expensive based on its Price-To-Earnings Ratio (15.6x) compared to the European Infrastructure industry average (14.6x).

Price to Earnings Ratio vs Fair Ratio

What is TSM1T'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.

TSM1T PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	15.6x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TSM1T'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?

Analyst Forecast: Insufficient data to show price forecast.