Thessaloniki Port Authority Societe Anonyme

ATSE:OLTH Stock Report

Market Cap: €209.7m

Thessaloniki Port Authority Societe Anonyme Valuation

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

Below Fair Value: OLTH (€20.8) is trading above our estimate of fair value (€18.7)

Significantly Below Fair Value: OLTH is trading above our estimate of fair value.


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for OLTH. This is calculated by dividing OLTH's market cap by their current earnings.
What is OLTH's PE Ratio?
PE Ratio8.2x
Earnings€25.49m
Market Cap€209.66m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for OLTH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.5x
PPA Piraeus Port Authority
10.5x7.5%€750.0m
ATTICA Attica Holdings
15.4xn/a€520.4m
PHP Port of Hai Phong
10xn/a₫5.6t
HAH Hai An Transport And Stevedoring
13.9xn/a₫5.6t
OLTH Thessaloniki Port Authority Societe Anonyme
8.2xn/a€209.7m

Price-To-Earnings vs Peers: OLTH is good value based on its Price-To-Earnings Ratio (8.2x) compared to the peer average (13.3x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
OLTH 8.2xIndustry Avg. 15.1xNo. of Companies6PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: OLTH is good value based on its Price-To-Earnings Ratio (8.2x) compared to the European Infrastructure industry average (14.6x).


Price to Earnings Ratio vs Fair Ratio

What is OLTH'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.

OLTH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate OLTH'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.


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