Dino Polska S.A.

WSE:DNP Stock Report

Market Cap: zł38.3b

Dino Polska Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: DNP (PLN390.4) is trading above our estimate of fair value (PLN378.63)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for DNP. This is calculated by dividing DNP's market cap by their current earnings.
What is DNP's PE Ratio?
PE Ratio26.8x
Earningszł1.43b
Market Capzł38.27b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for DNP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.3x
EUR Eurocash
n/a36.5%zł1.1b
CART Maplebear
24.2x11.7%US$10.8b
SHP Shoprite Holdings
25.1x11.7%R164.7b
MKS Marks and Spencer Group
14.7x7.1%UK£7.4b
DNP Dino Polska
26.8x18.1%zł38.3b

Price-To-Earnings vs Peers: DNP is expensive based on its Price-To-Earnings Ratio (26.8x) compared to the peer average (-13.9x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
DNP 26.8xIndustry Avg. 14.7xNo. of Companies8PE0816243240+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DNP is expensive based on its Price-To-Earnings Ratio (26.8x) compared to the European Consumer Retailing industry average (14.7x).

Price to Earnings Ratio vs Fair Ratio

What is DNP'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.

DNP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.8x
Fair PE Ratio46.8x

Price-To-Earnings vs Fair Ratio: DNP is good value based on its Price-To-Earnings Ratio (26.8x) compared to the estimated Fair Price-To-Earnings Ratio (46.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DNP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł390.40
zł406.70
+4.2%
14.5%zł527.00zł326.80n/a14
Nov ’25zł331.70
zł393.77
+18.7%
15.4%zł527.00zł299.00n/a14
Oct ’25zł342.00
zł399.31
+16.8%
15.3%zł527.00zł299.00n/a14
Sep ’25zł322.50
zł409.09
+26.9%
14.6%zł527.00zł299.00n/a14
Aug ’25zł344.40
zł430.97
+25.1%
12.5%zł527.00zł340.00n/a14
Jul ’25zł398.20
zł441.43
+10.9%
12.0%zł527.00zł340.00n/a14
Jun ’25zł392.10
zł435.46
+11.1%
12.0%zł527.00zł340.00n/a13
May ’25zł389.90
zł436.54
+12.0%
13.0%zł548.00zł350.00n/a12
Apr ’25zł387.70
zł442.80
+14.2%
13.2%zł548.00zł350.00n/a12
Mar ’25zł461.70
zł458.47
-0.7%
13.0%zł548.00zł367.00n/a12
Feb ’25zł447.10
zł448.30
+0.3%
13.6%zł548.00zł367.00n/a12
Jan ’25zł460.70
zł450.55
-2.2%
14.0%zł554.00zł367.00n/a12
Dec ’24zł456.50
zł440.88
-3.4%
15.6%zł554.00zł322.00n/a12
Nov ’24zł398.50
zł424.63
+6.6%
14.6%zł528.00zł322.00zł331.7012
Oct ’24zł355.00
zł427.28
+20.4%
13.9%zł528.00zł322.00zł342.0013
Sep ’24zł377.70
zł431.44
+14.2%
14.5%zł535.00zł322.00zł322.5013
Aug ’24zł449.10
zł443.74
-1.2%
14.6%zł535.00zł322.00zł344.4013
Jul ’24zł474.80
zł430.13
-9.4%
14.4%zł537.00zł322.00zł398.2013
Jun ’24zł442.00
zł424.21
-4.0%
13.1%zł537.00zł322.00zł392.1013
May ’24zł423.40
zł408.59
-3.5%
10.7%zł482.00zł322.00zł389.9013
Apr ’24zł391.10
zł392.23
+0.3%
10.8%zł453.00zł322.00zł387.7013
Mar ’24zł373.40
zł389.23
+4.2%
9.7%zł450.00zł322.00zł461.7013
Feb ’24zł380.40
zł378.54
-0.5%
12.6%zł450.00zł303.00zł447.1013
Jan ’24zł375.30
zł373.15
-0.6%
11.5%zł434.00zł303.00zł460.7013
Dec ’23zł365.10
zł373.15
+2.2%
11.5%zł434.00zł303.00zł456.5013
Nov ’23zł312.20
zł361.00
+15.6%
11.8%zł420.00zł303.00zł398.5013

Analyst Forecast: Target price is less than 20% higher than the current share price.

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