AmRest Holdings SE

WSE:EAT Stock Report

Market Cap: zł4.1b

AmRest Holdings Valuation

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

Below Fair Value: EAT (PLN19) is trading above our estimate of fair value (PLN17.42)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for EAT. This is calculated by dividing EAT's market cap by their current revenue.
What is EAT's PS Ratio?
PS Ratio0.4x
Sales€2.52b
Market Cap€964.88m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for EAT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.9x
STH STS Holding
6.6xn/azł3.9b
RBW Rainbow Tours
0.5x9.6%zł2.0b
MEX Mex Polska
0.3xn/azł29.4m
SFS Sfinks Polska
0.2xn/azł18.6m
EAT AmRest Holdings
0.4x5.8%zł4.1b

Price-To-Sales vs Peers: EAT is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (1.9x).

Price to Sales Ratio vs Industry

How does EAT's PS Ratio compare vs other companies in the European Hospitality Industry?

24 CompaniesPrice / SalesEstimated GrowthMarket Cap
EAT 0.4xIndustry Avg. 1.1xNo. of Companies24PS00.81.62.43.24+
24 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: EAT is good value based on its Price-To-Sales Ratio (0.4x) compared to the European Hospitality industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is EAT'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.

EAT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ratio0.4x

Price-To-Sales vs Fair Ratio: EAT is good value based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).

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 EAT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł19.00
zł22.64
+19.2%
16.0%zł27.50zł17.30n/a5
Dec ’25zł21.40
zł25.06
+17.1%
13.0%zł29.40zł20.00n/a5
Nov ’25zł21.00
zł24.72
+17.7%
14.1%zł29.40zł20.00n/a5
Oct ’25zł23.10
zł24.84
+7.5%
14.5%zł29.40zł20.00n/a5
Sep ’25zł23.00
zł24.84
+8.0%
14.5%zł29.40zł20.00n/a5
Aug ’25zł24.10
zł25.24
+4.7%
14.7%zł29.40zł20.00n/a5
Jul ’25zł24.60
zł25.96
+5.5%
18.0%zł33.00zł20.00n/a5
Jun ’25zł25.65
zł25.96
+1.2%
18.0%zł33.00zł20.00n/a5
May ’25zł26.35
zł26.53
+0.7%
15.2%zł31.00zł20.00n/a4
Apr ’25zł24.40
zł28.70
+17.6%
5.9%zł31.00zł27.00n/a3
Mar ’25zł24.95
zł28.70
+15.0%
5.9%zł31.00zł27.00n/a3
Feb ’25zł26.60
zł28.70
+7.9%
5.9%zł31.00zł27.00n/a3
Jan ’25zł26.60
zł28.70
+7.9%
5.9%zł31.00zł27.00n/a3
Dec ’24zł25.10
zł28.70
+14.3%
5.9%zł31.00zł27.00zł21.403
Nov ’24zł26.70
zł31.53
+18.1%
17.9%zł39.50zł27.00zł21.003
Oct ’24zł25.20
zł29.65
+17.7%
19.8%zł39.50zł24.00zł23.104
Sep ’24zł28.85
zł27.33
-5.3%
8.2%zł30.20zł24.00zł23.004
Aug ’24zł28.75
zł27.33
-5.0%
8.2%zł30.20zł24.00zł24.104
Jul ’24zł23.00
zł31.76
+38.1%
42.3%zł57.50zł19.00zł24.605
Jun ’24zł22.95
zł25.33
+10.3%
16.9%zł30.20zł19.00zł25.654
May ’24zł18.76
zł23.45
+25.0%
13.9%zł28.10zł19.00zł26.354
Apr ’24zł18.84
zł25.75
+36.7%
9.5%zł28.20zł22.70zł24.404
Mar ’24zł19.76
zł27.90
+41.2%
14.8%zł32.80zł22.70zł24.953
Feb ’24zł20.50
zł27.90
+36.1%
14.8%zł32.80zł22.70zł26.603
Jan ’24zł19.56
zł26.57
+35.8%
16.0%zł32.80zł22.57zł26.604
Dec ’23zł20.00
zł26.57
+32.8%
16.0%zł32.80zł22.57zł25.104

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 22:10
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

AmRest Holdings SE is covered by 14 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Batuhan KarabekirBerenberg
Lukasz WachelkoDeutsche Bank
Dorota PuchlewING Groep NV