Tatry mountain resorts Valuation
Is TMR undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation 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 TMR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TMR (PLN107) is trading below our estimate of fair value (PLN456.86)
Significantly Below Fair Value: TMR is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TMR?
Key metric: As TMR is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is TMR's PS Ratio? | |
|---|---|
| PS Ratio | 1.5x |
| Sales | €188.38m |
| Market Cap | €273.48m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 3.8x |
| Enterprise Value/EBITDA | 14.3x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does TMR's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 2.2x | ||
RBW Rainbow Tours | 0.4x | 9.6% | zł1.7b |
STH STS Holding | 6.6x | n/a | zł3.9b |
EAT AmRest Holdings | 0.4x | 5.3% | zł4.5b |
DUSIT Dusit Thani | 1.3x | 53.9% | ฿9.3b |
TMR Tatry mountain resorts | 1.5x | n/a | zł273.5m |
Price-To-Sales vs Peers: TMR is good value based on its Price-To-Sales Ratio (1.5x) compared to the peer average (2.2x).
Price to Sales Ratio vs Industry
How does TMR's PS Ratio compare vs other companies in the European Hospitality Industry?
| 23 Companies | Price / Sales | Estimated Growth | Market Cap |
|---|---|---|---|
| 23 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Sales vs Industry: TMR is expensive based on its Price-To-Sales Ratio (1.5x) compared to the European Hospitality industry average (1x).
Price to Sales Ratio vs Fair Ratio
What is TMR'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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 1.5x |
| Fair PS Ratio | n/a |
Price-To-Sales vs Fair Ratio: Insufficient data to calculate TMR'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.