Cyfrowy Polsat Valuation
Is CPS undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
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 CPS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: CPS (PLN9.83) is trading below our estimate of fair value (PLN19.88)
Significantly Below Fair Value: CPS is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for CPS?
Other financial metrics that can be useful for relative valuation.
| What is CPS's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | zł6.29b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.4x |
| Enterprise Value/EBITDA | 9x |
| PEG Ratio | 1x |
Price to Earnings Ratio vs Peers
How does CPS's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 17.5x | ||
WPL Wirtualna Polska Holding | 21.6x | 17.4% | zł3.4b |
CDR CD Projekt | 23.4x | 14.8% | zł11.2b |
PLW PlayWay | 20.2x | 23.2% | zł1.9b |
HUG Huuuge | 4.7x | -15.6% | zł1.6b |
CPS Cyfrowy Polsat | 22.6x | 22.8% | zł6.3b |
Price-To-Earnings vs Peers: CPS is expensive based on its Price-To-Earnings Ratio (22.6x) compared to the peer average (17.5x).
Price to Earnings Ratio vs Industry
How does CPS's PE Ratio compare vs other companies in the European Media Industry?
Price-To-Earnings vs Industry: CPS is expensive based on its Price-To-Earnings Ratio (22.6x) compared to the European Media industry average (15x).
Price to Earnings Ratio vs Fair Ratio
What is CPS'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 | 22.6x |
| Fair PE Ratio | 24.4x |
Price-To-Earnings vs Fair Ratio: CPS is good value based on its Price-To-Earnings Ratio (22.6x) compared to the estimated Fair Price-To-Earnings Ratio (24.4x).
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 | zł9.83 | zł13.42 +36.5% | 13.9% | zł15.40 | zł9.90 | n/a | 6 |
| Apr ’25 | zł10.74 | zł13.42 +24.9% | 13.9% | zł15.40 | zł9.90 | n/a | 6 |
| Mar ’25 | zł11.33 | zł14.02 +23.7% | 7.4% | zł15.40 | zł12.20 | n/a | 6 |
| Feb ’25 | zł10.75 | zł14.37 +33.7% | 4.5% | zł15.40 | zł13.50 | n/a | 6 |
| Jan ’25 | zł12.33 | zł14.37 +16.5% | 4.5% | zł15.40 | zł13.50 | n/a | 6 |
| Dec ’24 | zł12.90 | zł14.37 +11.4% | 4.5% | zł15.40 | zł13.50 | n/a | 6 |
| Nov ’24 | zł13.12 | zł15.70 +19.7% | 12.0% | zł18.80 | zł13.50 | n/a | 6 |
| Oct ’24 | zł12.09 | zł17.10 +41.5% | 13.7% | zł21.00 | zł13.50 | n/a | 6 |
| Sep ’24 | zł13.80 | zł17.77 +28.8% | 9.6% | zł21.00 | zł15.42 | n/a | 6 |
| Aug ’24 | zł16.47 | zł21.28 +29.2% | 29.5% | zł35.00 | zł16.70 | n/a | 6 |
| Jul ’24 | zł16.51 | zł22.18 +34.4% | 26.2% | zł35.00 | zł17.80 | n/a | 6 |
| Jun ’24 | zł15.64 | zł22.18 +41.8% | 26.2% | zł35.00 | zł17.80 | n/a | 6 |
| May ’24 | zł17.44 | zł22.30 +27.9% | 25.7% | zł35.00 | zł18.50 | n/a | 6 |
| Apr ’24 | zł16.74 | zł22.57 +34.8% | 24.8% | zł35.00 | zł19.00 | zł10.74 | 6 |
| Mar ’24 | zł17.48 | zł22.57 +29.1% | 24.8% | zł35.00 | zł19.00 | zł11.33 | 6 |
| Feb ’24 | zł18.20 | zł22.28 +22.4% | 25.8% | zł35.00 | zł18.30 | zł10.75 | 6 |
| Jan ’24 | zł17.61 | zł22.28 +26.5% | 25.8% | zł35.00 | zł18.30 | zł12.33 | 6 |
| Dec ’23 | zł18.59 | zł23.40 +25.9% | 26.1% | zł35.00 | zł18.30 | zł12.90 | 6 |
| Nov ’23 | zł17.90 | zł27.52 +53.7% | 27.0% | zł39.20 | zł18.30 | zł13.12 | 6 |
| Oct ’23 | zł16.05 | zł28.17 +75.5% | 24.0% | zł39.20 | zł21.60 | zł12.09 | 6 |
| Sep ’23 | zł18.81 | zł29.64 +57.6% | 21.9% | zł39.20 | zł22.60 | zł13.80 | 5 |
| Aug ’23 | zł20.44 | zł29.64 +45.0% | 21.9% | zł39.20 | zł22.60 | zł16.47 | 5 |
| Jul ’23 | zł21.70 | zł32.36 +49.1% | 17.9% | zł39.20 | zł23.40 | zł16.51 | 5 |
| Jun ’23 | zł22.46 | zł34.97 +55.7% | 9.3% | zł39.20 | zł28.40 | zł15.64 | 6 |
| May ’23 | zł24.22 | zł33.74 +39.3% | 12.0% | zł39.20 | zł26.10 | zł17.44 | 8 |
| Apr ’23 | zł28.18 | zł34.81 +23.5% | 11.5% | zł40.00 | zł28.40 | zł16.74 | 8 |
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.