Arctic Paper Valuation

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

ATC (PLN16.7) is trading below our estimate of [[fair value]] (PLN146.3)

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: ATC (PLN16.7) is trading below our estimate of fair value (PLN146.3)

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

Key Valuation Metric

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

Key metric: As ATC is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ATC. This is calculated by dividing ATC's market cap by their current earnings.
What is ATC's PE Ratio?
PE Ratio	6.5x
Earnings	zł179.19m
Market Cap	zł1.16b

ATC 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	0.4x
Enterprise Value/EBITDA	4.2x
PEG Ratio	0.5x

Price to Earnings Ratio vs Peers

How does ATC's PE Ratio compare to its peers?

The above table shows the PE ratio for ATC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	31x
KMP Przedsiebiorstwo Produkcyjno - Handlowe KOMPAP	40.8x	n/a	zł103.0m
PCR PCC Rokita	11.7x	14.4%	zł1.4b
BRS Boryszew	56.5x	n/a	zł1.0b
SKA Fabryka Farb i Lakierów Sniezka	15x	n/a	zł976.6m
ATC Arctic Paper	6.5x	12.7%	zł1.2b

Price-To-Earnings vs Peers: ATC is good value based on its Price-To-Earnings Ratio (6.5x) compared to the peer average (31x).

Price to Earnings Ratio vs Industry

How does ATC's PE Ratio compare vs other companies in the European Forestry Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: ATC is good value based on its Price-To-Earnings Ratio (6.5x) compared to the European Forestry industry average (10.2x).

Price to Earnings Ratio vs Fair Ratio

What is ATC'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.

ATC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	6.5x
Fair PE Ratio	12.5x

Price-To-Earnings vs Fair Ratio: ATC is good value based on its Price-To-Earnings Ratio (6.5x) compared to the estimated Fair Price-To-Earnings Ratio (12.5x).

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.

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