Fabryki Mebli FORTE Valuation

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

FTE (PLN26.5) is trading above our estimate of [[fair value]] (PLN18.23)

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: FTE (PLN26.5) is trading above our estimate of fair value (PLN18.23)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FTE. This is calculated by dividing FTE's market cap by their current earnings.
What is FTE's PE Ratio?
PE Ratio	54.9x
Earnings	zł11.56m
Market Cap	zł634.17m

FTE 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	0.9x
Enterprise Value/EBITDA	16.4x
PEG Ratio	1.1x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FTE 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	9.8x
DCR Decora	7.9x	n/a	zł658.1m
LTX Lentex	14.6x	n/a	zł254.7m
TOA TOYA	8x	n/a	zł562.8m
VRG VRG	8.6x	2.8%	zł773.7m
FTE Fabryki Mebli FORTE	54.9x	50.0%	zł634.2m

Price-To-Earnings vs Peers: FTE is expensive based on its Price-To-Earnings Ratio (54.9x) compared to the peer average (9.8x).

Price to Earnings Ratio vs Industry

How does FTE's PE Ratio compare vs other companies in the European Consumer Durables Industry?

4 Companies	Price / Earnings	Estimated Growth	Market Cap

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: FTE is expensive based on its Price-To-Earnings Ratio (54.9x) compared to the European Consumer Durables industry average (13.1x).

Price to Earnings Ratio vs Fair Ratio

What is FTE'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.

FTE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	54.9x
Fair PE Ratio	18.8x

Price-To-Earnings vs Fair Ratio: FTE is expensive based on its Price-To-Earnings Ratio (54.9x) compared to the estimated Fair Price-To-Earnings Ratio (18.8x).

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.