Warimpex Finanz- und Beteiligungs Valuation

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

WXF (PLN2.72) is trading below our estimate of [[fair value]] (PLN8.38)

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

Below Fair Value: WXF (PLN2.72) is trading below our estimate of fair value (PLN8.38)

Significantly Below Fair Value: WXF is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for WXF. This is calculated by dividing WXF's market cap by their current revenue.
What is WXF's PS Ratio?
PS Ratio	0.6x
Sales	€49.41m
Market Cap	€28.84m

WXF 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	5x
Enterprise Value/EBITDA	13.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for WXF 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	0.4x
RBW Rainbow Tours	0.4x	9.6%	zł1.7b
MEX Mex Polska	0.3x	n/a	zł32.2m
SFS Sfinks Polska	0.2x	n/a	zł20.9m
SKN Sakana	0.6x	n/a	zł11.9m
WXF Warimpex Finanz- und Beteiligungs	0.6x	2.7%	zł28.6m

Price-To-Sales vs Peers: WXF is expensive based on its Price-To-Sales Ratio (0.6x) compared to the peer average (0.4x).

Price to Sales Ratio vs Industry

How does WXF'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

No more companies

Price-To-Sales vs Industry: WXF is good value based on its Price-To-Sales Ratio (0.6x) compared to the European Hospitality industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is WXF'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.

WXF PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.6x
Fair PS Ratio	0.2x

Price-To-Sales vs Fair Ratio: WXF is expensive based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (0.2x).

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.