Fabryka Farb i Lakierów Sniezka Valuation

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

SKA (PLN72.4) is trading above our estimate of [[fair value]] (PLN59.88)

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

Valuation Score

1/6

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

Below Fair Value: SKA (PLN72.4) is trading above our estimate of fair value (PLN59.88)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SKA. This is calculated by dividing SKA's market cap by their current earnings.
What is SKA's PE Ratio?
PE Ratio	13.2x
Earnings	zł69.33m
Market Cap	zł913.53m

SKA 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	1.4x
Enterprise Value/EBITDA	7.9x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SKA 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	8.8x
SEL Selena FM	8.3x	n/a	zł724.9m
PCX PCC Exol	15.5x	n/a	zł428.4m
CIE Ciech	7.6x	4.8%	zł2.8b
IZB IZOBLOK	3.9x	n/a	zł54.7m
SKA Fabryka Farb i Lakierów Sniezka	13.2x	n/a	zł913.5m

Price-To-Earnings vs Peers: SKA is expensive based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (8.8x).

Price to Earnings Ratio vs Industry

How does SKA's PE Ratio compare vs other companies in the European Chemicals Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: SKA is good value based on its Price-To-Earnings Ratio (13.2x) compared to the European Chemicals industry average (16.8x).

Price to Earnings Ratio vs Fair Ratio

What is SKA'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.

SKA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	13.2x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SKA's Price-To-Earnings 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.

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