ManyDev Studio Valuation

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

MAN (PLN0.84) is trading above our estimate of [[fair value]] (PLN0.53)

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

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: MAN (PLN0.84) is trading above our estimate of fair value (PLN0.53)

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

Key Valuation Metric

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

Key metric: As MAN barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for MAN. This is calculated by dividing MAN's market cap by their current book value.
What is MAN's PB Ratio?
PB Ratio	-6.7x
Book	-zł3.59m
Market Cap	zł24.02m

MAN 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	6046x
Enterprise Value/EBITDA	-27.8x
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does MAN's PB Ratio compare to its peers?

The above table shows the PB ratio for MAN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	3x
VVD Vivid Games	4.5x	n/a	zł18.3m
UNL United Label Spólka Akcyjna	2.7x	n/a	zł22.2m
DGE DRAGO entertainment Spólka Akcyjna	2.1x	n/a	zł23.1m
MMS Madmind Studio Spólka Akcyjna	2.5x	n/a	zł19.5m
MAN ManyDev Studio	n/a	n/a	zł24.0m

Price-To-Book vs Peers: MAN has negative equity and a Price-To-Book Ratio (-6.7x) compared to the peer average (3x).

Price to Book Ratio vs Industry

How does MAN's PB Ratio compare vs other companies in the PL Entertainment Industry?

1 Company	Price / Book	Estimated Growth	Market Cap
K2P Kool2play	0.2x	n/a	US$480.15k

No more companies available in this PB range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: MAN has negative equity and a Price-To-Book Ratio (-6.7x) compared to the Polish Entertainment industry average (2x).

Price to Book Ratio vs Fair Ratio

What is MAN's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MAN PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	-6.7x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate MAN's Price-To-Book 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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