Llorente & Cuenca Valuation

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

LLYC (€7.2) is trading below our estimate of [[fair value]] (€24.49)

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

Below Fair Value: LLYC (€7.2) is trading below our estimate of fair value (€24.49)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for LLYC. This is calculated by dividing LLYC's market cap by their current earnings.
What is LLYC's PE Ratio?
PE Ratio	11.1x
Earnings	€7.30m
Market Cap	€81.37m

LLYC 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	1x
Enterprise Value/EBITDA	5.9x
PEG Ratio	0.7x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for LLYC 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	14.1x
SEC Secuoya Grupo de Comunicación	41.4x	n/a	€130.4m
SQRL Squirrel Media	9.4x	n/a	€118.7m
ALREW Reworld Media Société Anonyme	2.8x	5.4%	€81.7m
6610 Flowing Cloud Technology	2.9x	n/a	HK$668.3m
LLYC Llorente & Cuenca	11.1x	17.0%	€81.4m

Price-To-Earnings vs Peers: LLYC is good value based on its Price-To-Earnings Ratio (11.1x) compared to the peer average (14.1x).

Price to Earnings Ratio vs Industry

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

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: LLYC is good value based on its Price-To-Earnings Ratio (11.1x) compared to the European Media industry average (12.2x).

Price to Earnings Ratio vs Fair Ratio

What is LLYC'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.

LLYC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	11.1x
Fair PE Ratio	13x

Price-To-Earnings vs Fair Ratio: LLYC is good value based on its Price-To-Earnings Ratio (11.1x) compared to the estimated Fair Price-To-Earnings Ratio (13x).

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.