Medinice Valuation

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

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate ICE's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ICE's fair value for valuation analysis.

Key Valuation Metric

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

Key metric: As ICE barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for ICE. This is calculated by dividing ICE's market cap by their current book value.
What is ICE's PB Ratio?
PB Ratio	1.6x
Book	zł31.34m
Market Cap	zł51.70m

ICE 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	213.5x
Enterprise Value/EBITDA	-9.1x
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does ICE's PB Ratio compare to its peers?

The above table shows the PB ratio for ICE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	4.9x
INM InventionMed	8.1x	n/a	zł31.8m
GMZ Grupa Modne Zakupy	4x	n/a	zł13.1m
NST Nestmedic	6x	n/a	zł17.1m
CMI CM International	1.6x	n/a	zł10.6m
ICE Medinice	1.6x	n/a	zł51.7m

Price-To-Book vs Peers: ICE is good value based on its Price-To-Book Ratio (1.6x) compared to the peer average (4.9x).

Price to Book Ratio vs Industry

How does ICE's PB Ratio compare vs other companies in the European Medical Equipment Industry?

12 Companies	Price / Book	Estimated Growth	Market Cap

12 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: ICE is good value based on its Price-To-Book Ratio (1.6x) compared to the European Medical Equipment industry average (2.2x).

Price to Book Ratio vs Fair Ratio

What is ICE's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ICE PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	1.6x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate ICE's Price-To-Book 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.