Forbuild Valuation

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

FRB (PLN4.62) is trading below our estimate of [[fair value]] (PLN43.44)

Is FRB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: FRB (PLN4.62) is trading below our estimate of fair value (PLN43.44)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FRB. This is calculated by dividing FRB's market cap by their current earnings.
What is FRB's PE Ratio?
PE Ratio	13.7x
Earnings	zł4.52m
Market Cap	zł61.91m

FRB 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	0.6x
Enterprise Value/EBITDA	6.5x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FRB 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	34.8x
ENP Energoaparatura	24x	n/a	zł38.0m
RMK Remak-Energomontaz	6.9x	n/a	zł36.0m
ATR Atrem	10x	n/a	zł105.2m
TOS Tamex Obiekty Sportowe	98.3x	n/a	zł53.7m
FRB Forbuild	13.7x	n/a	zł61.9m

Price-To-Earnings vs Peers: FRB is good value based on its Price-To-Earnings Ratio (13.7x) compared to the peer average (34.8x).

Price to Earnings Ratio vs Industry

How does FRB's PE Ratio compare vs other companies in the PL Construction Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: FRB is expensive based on its Price-To-Earnings Ratio (13.7x) compared to the Polish Construction industry average (8.9x).

Price to Earnings Ratio vs Fair Ratio

What is FRB'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.

FRB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	13.7x
Fair PE Ratio	n/a

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