Jastrzebska Spólka Weglowa S.A.

WSE:JSW Stock Report

Market Cap: zł3.1b

Jastrzebska Spólka Weglowa Valuation

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

Below Fair Value: JSW (PLN26.02) is trading above our estimate of fair value (PLN6.1)

Significantly Below Fair Value: JSW is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for JSW. This is calculated by dividing JSW's market cap by their current revenue.
What is JSW's PS Ratio?
PS Ratio0.2x
Saleszł14.29b
Market Capzł3.06b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for JSW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.4x
STP Stalprodukt
0.3x5.7%zł1.2b
COG Cognor Holding
0.5x14.0%zł1.1b
FER Ferrum
0.4xn/azł238.6m
ODL Odlewnie Polskie
0.6xn/azł146.4m
JSW Jastrzebska Spólka Weglowa
0.2x-2.4%zł3.1b

Price-To-Sales vs Peers: JSW is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.4x).

Price to Sales Ratio vs Industry

How does JSW's PS Ratio compare vs other companies in the European Metals and Mining Industry?

35 CompaniesPrice / SalesEstimated GrowthMarket Cap
JSW 0.2xIndustry Avg. 0.7xNo. of Companies35PS00.81.62.43.24+
35 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: JSW is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Metals and Mining industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is JSW'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.

JSW PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.4x

Price-To-Sales vs Fair Ratio: JSW is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst JSW forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł26.02
zł21.52
-17.3%
19.7%zł29.00zł16.00n/a6
Nov ’25zł26.82
zł21.52
-19.8%
19.7%zł29.00zł16.00n/a6
Oct ’25zł26.00
zł20.60
-20.8%
37.9%zł30.00zł7.00n/a6
Sep ’25zł25.68
zł34.43
+34.1%
47.1%zł66.98zł20.00n/a6
Aug ’25zł26.70
zł42.43
+58.9%
62.6%zł90.00zł20.00n/a6
Jul ’25zł29.80
zł48.05
+61.2%
52.2%zł90.00zł20.00n/a6
Jun ’25zł28.46
zł52.05
+82.9%
42.3%zł90.00zł26.00n/a6
May ’25zł30.70
zł53.87
+75.5%
37.0%zł90.00zł30.00n/a5
Apr ’25zł37.15
zł61.67
+66.0%
24.9%zł90.00zł48.00n/a5
Mar ’25zł42.05
zł61.67
+46.6%
24.9%zł90.00zł48.00n/a5
Feb ’25zł43.50
zł57.67
+32.6%
34.4%zł90.00zł30.00n/a5
Jan ’25zł42.03
zł48.88
+16.3%
22.1%zł65.00zł30.00n/a6
Dec ’24zł41.72
zł48.88
+17.2%
22.1%zł65.00zł30.00n/a6
Nov ’24zł49.94
zł49.67
-0.5%
21.2%zł65.00zł35.00zł26.825
Oct ’24zł44.02
zł45.47
+3.3%
32.7%zł59.00zł18.00zł26.005
Sep ’24zł37.02
zł44.87
+21.2%
35.6%zł59.00zł15.00zł25.685
Aug ’24zł40.43
zł65.87
+62.9%
47.6%zł100.00zł15.00zł26.705
Jul ’24zł40.05
zł69.27
+72.9%
37.7%zł100.00zł32.00zł29.805
Jun ’24zł39.34
zł69.27
+76.1%
37.7%zł100.00zł32.00zł28.465
May ’24zł42.90
zł70.27
+63.8%
35.2%zł100.00zł37.00zł30.705
Apr ’24zł47.11
zł70.27
+49.2%
35.2%zł100.00zł37.00zł37.155
Mar ’24zł55.54
zł71.66
+29.0%
32.0%zł100.00zł44.00zł42.055
Feb ’24zł59.42
zł72.57
+22.1%
30.9%zł100.00zł44.00zł43.505
Jan ’24zł58.16
zł72.57
+24.8%
30.9%zł100.00zł44.00zł42.035
Dec ’23zł58.02
zł67.97
+17.1%
39.3%zł100.00zł36.00zł41.725
Nov ’23zł41.54
zł67.94
+63.6%
39.3%zł100.00zł36.00zł49.945

Analyst Forecast: Target price is lower than the current share price.

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