Eurocash Valuation

Q: What is the Fair Price of 0LTM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

0LTM (PLN7.74) is trading below our estimate of [[fair value]] (PLN15.53)

Is 0LTM 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-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0LTM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0LTM (PLN7.74) is trading below our estimate of fair value (PLN15.53)

Significantly Below Fair Value: 0LTM is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0LTM?

Key metric: As 0LTM is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0LTM. This is calculated by dividing 0LTM's market cap by their current revenue.
What is 0LTM's PS Ratio?
PS Ratio	0.03x
Sales	zł32.21b
Market Cap	zł1.07b

0LTM 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	0.1x
Enterprise Value/EBITDA	6.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 0LTM's PS Ratio compare to its peers?

The above table shows the PS ratio for 0LTM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.8x
CBOX Cake Box Holdings	2x	8.1%	UK£77.0m
WINE Naked Wines	0.1x	-8.6%	UK£38.9m
OCDO Ocado Group	0.9x	8.4%	UK£2.7b
VINO Virgin Wines UK	0.3x	3.5%	UK£19.8m
0LTM Eurocash	0.03x	2.1%	zł1.1b

Price-To-Sales vs Peers: 0LTM is good value based on its Price-To-Sales Ratio (0x) compared to the peer average (0.8x).

Price to Sales Ratio vs Industry

How does 0LTM's PS Ratio compare vs other companies in the European Consumer Retailing Industry?

11 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	0.3x	2.7%
0LTM Eurocash	0.03x	2.1%	US$258.42m

11 Companies		Estimated Growth	Market Cap
Industry Avg.	0.3x	6.8%
0LTM Eurocash	0.03x	36.5%	US$258.42m

No more companies

Price-To-Sales vs Industry: 0LTM is good value based on its Price-To-Sales Ratio (0x) compared to the European Consumer Retailing industry average (0.3x).

Price to Sales Ratio vs Fair Ratio

What is 0LTM's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0LTM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.03x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 0LTM's Price-To-Sales 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?

The above table shows the analyst 0LTM forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	zł7.74	zł18.55 +139.6%	31.5%	zł28.80	zł10.00	n/a	7
Nov ’25	n/a	zł18.55 0%	31.5%	zł28.80	zł10.00	n/a	7
Oct ’25	n/a	zł18.45 0%	30.0%	zł28.80	zł10.00	n/a	8
Sep ’25	n/a	zł18.81 0%	27.4%	zł28.80	zł10.00	n/a	8
Aug ’25	n/a	zł18.89 0%	22.9%	zł28.80	zł14.50	n/a	9
Jul ’25	n/a	zł20.00 0%	24.7%	zł28.80	zł14.50	n/a	10
Jun ’25	n/a	zł20.00 0%	24.7%	zł28.80	zł14.50	n/a	10
May ’25	n/a	zł20.26 0%	28.6%	zł32.80	zł14.50	n/a	10
Apr ’25	n/a	zł20.27 0%	27.2%	zł32.80	zł14.50	n/a	9
Mar ’25	n/a	zł20.27 0%	27.2%	zł32.80	zł14.50	n/a	9
Feb ’25	n/a	zł20.27 0%	27.2%	zł32.80	zł14.50	n/a	9
Jan ’25	n/a	zł20.99 0%	25.9%	zł32.80	zł15.10	n/a	8
Dec ’24	n/a	zł20.68 0%	25.3%	zł32.80	zł15.10	n/a	8
Nov ’24	n/a	zł21.60 0%	31.2%	zł35.90	zł15.10	n/a	6
Oct ’24	n/a	zł22.09 0%	28.7%	zł35.90	zł15.10	n/a	7
Sep ’24	n/a	zł22.23 0%	28.1%	zł35.90	zł15.10	n/a	7
Aug ’24	n/a	zł22.23 0%	28.1%	zł35.90	zł15.10	n/a	7
Jul ’24	n/a	zł22.23 0%	28.1%	zł35.90	zł15.10	n/a	7
Jun ’24	n/a	zł21.89 0%	30.5%	zł35.90	zł12.70	n/a	7
May ’24	n/a	zł19.40 0%	18.8%	zł25.00	zł12.70	n/a	8
Apr ’24	n/a	zł17.43 0%	19.7%	zł21.80	zł12.70	n/a	8
Mar ’24	n/a	zł16.25 0%	22.2%	zł21.80	zł11.60	n/a	8
Feb ’24	n/a	zł15.64 0%	20.5%	zł21.80	zł11.60	n/a	8
Jan ’24	n/a	zł15.39 0%	21.5%	zł21.80	zł11.60	n/a	8
Dec ’23	n/a	zł15.39 0%	21.5%	zł21.80	zł11.60	n/a	8
Nov ’23	n/a	zł14.46 0%	19.2%	zł20.00	zł11.60	n/a	7

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.