KGHM Polska Miedz Valuation
Is KGH 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-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 KGH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: KGH (PLN149.2) is trading above our estimate of fair value (PLN97.97)
Significantly Below Fair Value: KGH is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for KGH?
Other financial metrics that can be useful for relative valuation.
| What is KGH's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | zł29.84b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1x |
| Enterprise Value/EBITDA | 10.6x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does KGH's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 1.2x | ||
KTY Grupa Kety | 1.7x | 2.5% | zł8.6b |
JSW Jastrzebska Spólka Weglowa | 0.2x | 1.3% | zł3.7b |
000630 Tongling Nonferrous Metals GroupLtd | 0.4x | 6.9% | CN¥51.6b |
LUN Lundin Mining | 2.5x | 7.2% | CA$12.3b |
KGH KGHM Polska Miedz | 0.9x | 0.09% | zł29.8b |
Price-To-Sales vs Peers: KGH is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (1.2x).
Price to Earnings Ratio vs Industry
How does KGH's PE Ratio compare vs other companies in the European Metals and Mining Industry?
Price-To-Sales vs Industry: KGH is expensive based on its Price-To-Sales Ratio (0.9x) compared to the European Metals and Mining industry average (0.7x).
Price to Sales Ratio vs Fair Ratio
What is KGH'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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 0.9x |
| Fair PS Ratio | 0.6x |
Price-To-Sales vs Fair Ratio: KGH is expensive based on its Price-To-Sales Ratio (0.9x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).
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 | zł147.00 | zł126.43 -14.0% | 32.2% | zł185.00 | zł62.00 | n/a | 9 |
| May ’25 | zł140.65 | zł118.43 -15.8% | 32.1% | zł185.00 | zł62.00 | n/a | 9 |
| Apr ’25 | zł114.15 | zł98.01 -14.1% | 24.2% | zł141.00 | zł62.00 | n/a | 10 |
| Mar ’25 | zł109.10 | zł96.71 -11.4% | 25.0% | zł141.00 | zł62.00 | n/a | 10 |
| Feb ’25 | zł111.85 | zł96.71 -13.5% | 25.0% | zł141.00 | zł62.00 | n/a | 10 |
| Jan ’25 | zł122.70 | zł98.41 -19.8% | 24.8% | zł141.00 | zł62.00 | n/a | 10 |
| Dec ’24 | zł121.40 | zł98.61 -18.8% | 24.0% | zł141.00 | zł62.00 | n/a | 10 |
| Nov ’24 | zł112.25 | zł103.19 -8.1% | 26.4% | zł151.67 | zł70.00 | n/a | 9 |
| Oct ’24 | zł111.95 | zł106.74 -4.7% | 23.5% | zł151.67 | zł75.00 | n/a | 9 |
| Sep ’24 | zł117.90 | zł107.07 -9.2% | 24.8% | zł151.67 | zł75.00 | n/a | 9 |
| Aug ’24 | zł122.15 | zł109.19 -10.6% | 24.9% | zł151.67 | zł75.00 | n/a | 9 |
| Jul ’24 | zł112.40 | zł111.47 -0.8% | 23.3% | zł151.67 | zł75.00 | n/a | 10 |
| Jun ’24 | zł108.55 | zł111.07 +2.3% | 23.6% | zł151.67 | zł75.00 | n/a | 10 |
| May ’24 | zł119.40 | zł113.77 -4.7% | 20.6% | zł151.67 | zł75.00 | zł140.65 | 11 |
| Apr ’24 | zł122.25 | zł111.04 -9.2% | 20.2% | zł151.70 | zł75.00 | zł114.15 | 11 |
| Mar ’24 | zł132.20 | zł112.65 -14.8% | 17.4% | zł149.00 | zł75.00 | zł109.10 | 11 |
| Feb ’24 | zł138.85 | zł112.01 -19.3% | 17.5% | zł149.00 | zł75.00 | zł111.85 | 11 |
| Jan ’24 | zł126.75 | zł117.26 -7.5% | 19.9% | zł160.00 | zł75.00 | zł122.70 | 12 |
| Dec ’23 | zł119.95 | zł110.51 -7.9% | 21.9% | zł160.00 | zł75.00 | zł121.40 | 12 |
| Nov ’23 | zł95.66 | zł113.59 +18.7% | 35.0% | zł214.00 | zł75.00 | zł112.25 | 10 |
| Oct ’23 | zł87.66 | zł124.49 +42.0% | 31.6% | zł214.00 | zł70.00 | zł111.95 | 10 |
| Sep ’23 | zł84.22 | zł131.09 +55.6% | 31.3% | zł214.00 | zł70.00 | zł117.90 | 10 |
| Aug ’23 | zł115.45 | zł145.09 +25.7% | 31.5% | zł250.00 | zł87.00 | zł122.15 | 10 |
| Jul ’23 | zł114.20 | zł172.65 +51.2% | 19.8% | zł250.00 | zł120.00 | zł112.40 | 11 |
| Jun ’23 | zł141.75 | zł172.46 +21.7% | 19.6% | zł250.00 | zł120.00 | zł108.55 | 11 |
| May ’23 | zł144.95 | zł176.70 +21.9% | 16.7% | zł240.00 | zł129.00 | zł119.40 | 11 |
Analyst Forecast: Target price is lower than the current share price.