Fabryki Sprzetu i Narzedzi Górniczych Grupa Kapitalowa FASING Valuation

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

FSG (PLN12.4) is trading above our estimate of [[fair value]] (PLN1.43)

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

Below Fair Value: FSG (PLN12.4) is trading above our estimate of fair value (PLN1.43)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FSG. This is calculated by dividing FSG's market cap by their current earnings.
What is FSG's PE Ratio?
PE Ratio	2.1x
Earnings	zł18.26m
Market Cap	zł38.53m

FSG 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	0.4x
Enterprise Value/EBITDA	2.7x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FSG 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	13.6x
TLO Telesto	26.2x	n/a	zł32.8m
MOJ MOJ	4.7x	n/a	zł14.2m
SWG Seco/Warwick	8.8x	-10.7%	zł249.9m
RWL Rawlplug	14.7x	n/a	zł498.5m
FSG Fabryki Sprzetu i Narzedzi Górniczych Grupa Kapitalowa FASING	2.1x	n/a	zł38.5m

Price-To-Earnings vs Peers: FSG is good value based on its Price-To-Earnings Ratio (2.1x) compared to the peer average (13.6x).

Price to Earnings Ratio vs Industry

How does FSG's PE Ratio compare vs other companies in the European Machinery Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	17.4x	13.0%
FSG Fabryki Sprzetu i Narzedzi Górniczych Grupa Kapitalowa FASING	2.1x	n/a	US$9.30m

3 Companies		Estimated Growth	Market Cap
Industry Avg.	17.4x	13.0%
FSG Fabryki Sprzetu i Narzedzi Górniczych Grupa Kapitalowa FASING	2.1x	n/a	US$9.30m

No more companies

Price-To-Earnings vs Industry: FSG is good value based on its Price-To-Earnings Ratio (2.1x) compared to the European Machinery industry average (17.3x).

Price to Earnings Ratio vs Fair Ratio

What is FSG'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.

FSG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	2.1x
Fair PE Ratio	n/a

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