CD Projekt Valuation
Is CDR 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-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 CDR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: CDR (PLN118.5) is trading above our estimate of fair value (PLN89.77)
Significantly Below Fair Value: CDR is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for CDR?
Other financial metrics that can be useful for relative valuation.
| What is CDR's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | zł11.84b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 8.9x |
| Enterprise Value/EBITDA | 23.6x |
| PEG Ratio | 1.9x |
Price to Earnings Ratio vs Peers
How does CDR's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 27.6x | ||
HUG Huuuge | 4.1x | -15.6% | zł1.4b |
PLW PlayWay | 18.7x | 26.4% | zł2.0b |
TEN Ten Square Games | 65.2x | 42.1% | zł626.6m |
CRJ Creepy Jar | 22.1x | 58.8% | zł405.6m |
CDR CD Projekt | 24.6x | 13.3% | zł11.8b |
Price-To-Earnings vs Peers: CDR is good value based on its Price-To-Earnings Ratio (24.6x) compared to the peer average (27.6x).
Price to Earnings Ratio vs Industry
How does CDR's PE Ratio compare vs other companies in the PL Entertainment Industry?
Price-To-Earnings vs Industry: CDR is expensive based on its Price-To-Earnings Ratio (24.6x) compared to the Polish Entertainment industry average (20.9x).
Price to Earnings Ratio vs Fair Ratio
What is CDR'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 24.6x |
| Fair PE Ratio | 18x |
Price-To-Earnings vs Fair Ratio: CDR is expensive based on its Price-To-Earnings Ratio (24.6x) compared to the estimated Fair Price-To-Earnings Ratio (18x).
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 | zł118.50 | zł112.59 -5.0% | 26.0% | zł178.00 | zł80.00 | n/a | 17 |
| Apr ’25 | zł116.90 | zł112.00 -4.2% | 26.6% | zł178.00 | zł80.00 | n/a | 17 |
| Mar ’25 | zł110.35 | zł112.00 +1.5% | 26.6% | zł178.00 | zł80.00 | n/a | 17 |
| Feb ’25 | zł104.80 | zł112.00 +6.9% | 26.6% | zł178.00 | zł80.00 | n/a | 17 |
| Jan ’25 | zł115.00 | zł114.06 -0.8% | 25.9% | zł178.00 | zł83.00 | n/a | 16 |
| Dec ’24 | zł111.00 | zł120.50 +8.6% | 26.9% | zł185.00 | zł83.00 | n/a | 16 |
| Nov ’24 | zł105.00 | zł120.09 +14.4% | 28.4% | zł185.00 | zł80.00 | n/a | 16 |
| Oct ’24 | zł125.20 | zł125.06 -0.1% | 26.1% | zł185.00 | zł80.00 | n/a | 16 |
| Sep ’24 | zł150.45 | zł121.81 -19.0% | 30.5% | zł207.00 | zł80.00 | n/a | 16 |
| Aug ’24 | zł160.80 | zł121.44 -24.5% | 30.2% | zł207.00 | zł80.00 | n/a | 16 |
| Jul ’24 | zł154.85 | zł115.19 -25.6% | 27.4% | zł207.00 | zł80.00 | n/a | 16 |
| Jun ’24 | zł124.00 | zł114.56 -7.6% | 27.3% | zł207.00 | zł80.00 | n/a | 16 |
| May ’24 | zł113.30 | zł113.53 +0.2% | 27.0% | zł207.00 | zł80.00 | zł118.50 | 17 |
| Apr ’24 | zł111.22 | zł117.47 +5.6% | 28.0% | zł215.00 | zł77.00 | zł116.90 | 17 |
| Mar ’24 | zł132.26 | zł118.65 -10.3% | 27.3% | zł215.00 | zł77.00 | zł110.35 | 17 |
| Feb ’24 | zł138.28 | zł119.22 -13.8% | 28.0% | zł215.00 | zł77.00 | zł104.80 | 18 |
| Jan ’24 | zł129.64 | zł115.89 -10.6% | 28.6% | zł214.00 | zł75.00 | zł115.00 | 18 |
| Dec ’23 | zł123.58 | zł118.33 -4.2% | 31.1% | zł214.00 | zł75.00 | zł111.00 | 18 |
| Nov ’23 | zł127.10 | zł103.32 -18.7% | 38.2% | zł214.00 | zł55.00 | zł105.00 | 19 |
| Oct ’23 | zł100.20 | zł102.79 +2.6% | 38.7% | zł214.00 | zł55.00 | zł125.20 | 19 |
| Sep ’23 | zł81.50 | zł118.25 +45.1% | 38.4% | zł214.00 | zł55.00 | zł150.45 | 20 |
| Aug ’23 | zł90.37 | zł118.25 +30.9% | 38.4% | zł214.00 | zł55.00 | zł160.80 | 20 |
| Jul ’23 | zł97.96 | zł125.50 +28.1% | 41.2% | zł239.00 | zł55.00 | zł154.85 | 20 |
| Jun ’23 | zł108.36 | zł136.26 +25.8% | 34.1% | zł239.00 | zł85.00 | zł124.00 | 19 |
| May ’23 | zł120.98 | zł148.94 +23.1% | 26.4% | zł239.00 | zł100.00 | zł113.30 | 18 |
Analyst Forecast: Target price is lower than the current share price.