Przedsiebiorstwo Hydrauliki Silowej HYDROTOR Valuation

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

HDR (PLN22.6) is trading below our estimate of [[fair value]] (PLN23.03)

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

Below Fair Value: HDR (PLN22.6) is trading below our estimate of fair value (PLN23.03)

Significantly Below Fair Value: HDR is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for HDR. This is calculated by dividing HDR's market cap by their current revenue.
What is HDR's PS Ratio?
PS Ratio	0.5x
Sales	zł108.50m
Market Cap	zł54.20m

HDR 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	0.8x
Enterprise Value/EBITDA	84.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does HDR's PS Ratio compare to its peers?

The above table shows the PS ratio for HDR 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	1.1x
RAF Fabryka Obrabiarek RAFAMET	0.7x	n/a	zł72.7m
PGV PGF Polska Grupa Fotowoltaiczna	0.06x	n/a	zł33.0m
TLO Telesto	3.6x	n/a	zł38.7m
FSG Fabryki Sprzetu i Narzedzi Górniczych Grupa Kapitalowa FASING	0.1x	n/a	zł39.5m
HDR Przedsiebiorstwo Hydrauliki Silowej HYDROTOR	0.5x	n/a	zł54.2m

Price-To-Sales vs Peers: HDR is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (1.1x).

Price to Sales Ratio vs Industry

How does HDR's PS Ratio compare vs other companies in the PL Machinery Industry?

2 Companies	Price / Sales	Estimated Growth	Market Cap
PGV PGF Polska Grupa Fotowoltaiczna	0.06x	n/a	US$7.99m
URS Ursus	0.02x	n/a	US$175.45k

No more companies available in this PS range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: HDR is expensive based on its Price-To-Sales Ratio (0.5x) compared to the Polish Machinery industry average (0.4x).

Price to Sales Ratio vs Fair Ratio

What is HDR'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.

HDR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.5x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate HDR'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?

Analyst Forecast: Insufficient data to show price forecast.

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