Gielda Papierów Wartosciowych w Warszawie Valuation
Is GPW undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation 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 GPW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: GPW (PLN44.5) is trading above our estimate of fair value (PLN28.9)
Significantly Below Fair Value: GPW is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for GPW?
Other financial metrics that can be useful for relative valuation.
| What is GPW's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | zł1.87b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 3.3x |
| Enterprise Value/EBITDA | 9.7x |
| PEG Ratio | -2x |
Price to Earnings Ratio vs Peers
How does GPW's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 9.8x | ||
MCI MCI Capital Alternatywna Spólka Inwestycyjna | 8.7x | n/a | zł1.4b |
AOL Analizy Online | 11.1x | n/a | zł16.5m |
QRS Quercus TFI | 10.3x | n/a | zł350.8m |
XTB XTB | 9x | -8.2% | zł7.1b |
GPW Gielda Papierów Wartosciowych w Warszawie | 12x | -6.1% | zł1.9b |
Price-To-Earnings vs Peers: GPW is expensive based on its Price-To-Earnings Ratio (12x) compared to the peer average (9.8x).
Price to Earnings Ratio vs Industry
How does GPW's PE Ratio compare vs other companies in the PL Capital Markets Industry?
Price-To-Earnings vs Industry: GPW is good value based on its Price-To-Earnings Ratio (12x) compared to the European Capital Markets industry average (15.5x).
Price to Earnings Ratio vs Fair Ratio
What is GPW'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 12x |
| Fair PE Ratio | 7.1x |
Price-To-Earnings vs Fair Ratio: GPW is expensive based on its Price-To-Earnings Ratio (12x) compared to the estimated Fair Price-To-Earnings Ratio (7.1x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | zł44.50 | zł43.14 -3.1% | 14.6% | zł55.40 | zł38.40 | n/a | 5 |
| Apr ’25 | zł42.34 | zł43.14 +1.9% | 14.6% | zł55.40 | zł38.40 | n/a | 5 |
| Mar ’25 | zł44.06 | zł43.14 -2.1% | 14.6% | zł55.40 | zł38.40 | n/a | 5 |
| Feb ’25 | zł43.70 | zł43.14 -1.3% | 14.6% | zł55.40 | zł38.40 | n/a | 5 |
| Jan ’25 | zł42.50 | zł39.74 -6.5% | 3.8% | zł42.49 | zł38.40 | n/a | 5 |
| Dec ’24 | zł41.00 | zł39.74 -3.1% | 3.8% | zł42.49 | zł38.40 | n/a | 5 |
| Nov ’24 | zł39.10 | zł38.67 -1.1% | 2.6% | zł40.10 | zł37.13 | n/a | 5 |
| Oct ’24 | zł37.38 | zł38.67 +3.4% | 2.6% | zł40.10 | zł37.13 | n/a | 5 |
| Sep ’24 | zł37.30 | zł38.67 +3.7% | 2.6% | zł40.10 | zł37.13 | n/a | 5 |
| Aug ’24 | zł38.08 | zł38.66 +1.5% | 2.6% | zł40.10 | zł37.13 | n/a | 5 |
| Jul ’24 | zł38.06 | zł35.49 -6.7% | 10.7% | zł38.40 | zł28.17 | n/a | 5 |
| Jun ’24 | zł38.20 | zł35.49 -7.1% | 10.7% | zł38.40 | zł28.17 | n/a | 5 |
| May ’24 | zł36.16 | zł35.49 -1.8% | 10.7% | zł38.40 | zł28.17 | zł45.00 | 5 |
| Apr ’24 | zł35.94 | zł35.49 -1.2% | 10.8% | zł38.40 | zł28.17 | zł42.34 | 5 |
| Mar ’24 | zł37.62 | zł35.49 -5.7% | 10.8% | zł38.40 | zł28.17 | zł44.06 | 5 |
| Feb ’24 | zł37.00 | zł37.45 +1.2% | 17.2% | zł48.26 | zł28.17 | zł43.70 | 5 |
| Jan ’24 | zł35.52 | zł37.45 +5.4% | 17.2% | zł48.26 | zł28.17 | zł42.50 | 5 |
| Dec ’23 | zł36.18 | zł37.45 +3.5% | 17.2% | zł48.26 | zł28.17 | zł41.00 | 5 |
| Nov ’23 | zł32.32 | zł38.73 +19.8% | 16.4% | zł48.26 | zł29.89 | zł39.10 | 5 |
| Oct ’23 | zł32.78 | zł40.02 +22.1% | 12.3% | zł48.26 | zł35.50 | zł37.38 | 5 |
| Sep ’23 | zł34.10 | zł40.02 +17.3% | 12.3% | zł48.26 | zł35.50 | zł37.30 | 5 |
| Aug ’23 | zł35.54 | zł40.02 +12.6% | 12.3% | zł48.26 | zł35.50 | zł38.08 | 5 |
| Jul ’23 | zł37.12 | zł46.42 +25.1% | 7.0% | zł51.90 | zł43.10 | zł38.06 | 5 |
| Jun ’23 | zł37.88 | zł46.42 +22.6% | 7.0% | zł51.90 | zł43.10 | zł38.20 | 5 |
| May ’23 | zł38.76 | zł47.22 +21.8% | 5.9% | zł51.90 | zł44.30 | zł36.16 | 5 |
Analyst Forecast: Target price is lower than the current share price.