PCF Group Spólka Akcyjna Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: Insufficient data to calculate PCF's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate PCF's fair value for valuation analysis.

Key Valuation Metric

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

Key metric: As PCF is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for PCF. This is calculated by dividing PCF's market cap by their current revenue.
What is PCF's PS Ratio?
PS Ratio	1.5x
Sales	zł170.76m
Market Cap	zł258.77m

PCF 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	-25.1x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does PCF's PS Ratio compare to its peers?

The above table shows the PS ratio for PCF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	2.8x
CRJ Creepy Jar	6.1x	-1.2%	zł190.2m
11B 11 bit studios	3.4x	-0.04%	zł426.9m
BBT BoomBit	0.5x	n/a	zł115.9m
TEN Ten Square Games	1.2x	1.2%	zł483.6m
PCF PCF Group Spólka Akcyjna	1.5x	17.8%	zł258.8m

Price-To-Sales vs Peers: PCF is good value based on its Price-To-Sales Ratio (1.5x) compared to the peer average (2.8x).

Price to Sales Ratio vs Industry

How does PCF's PS Ratio compare vs other companies in the PL Entertainment Industry?

7 Companies	Price / Sales	Estimated Growth	Market Cap
BBT BoomBit	0.5x	n/a	US$27.99m
EMU e-Muzyka	0.4x	n/a	US$23.93m
PLI Platige Image	0.4x	n/a	US$11.25m
RCW Ruch Chorzów	0.6x	n/a	US$4.23m

7 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: PCF is good value based on its Price-To-Sales Ratio (1.5x) compared to the Polish Entertainment industry average (3.1x).

Price to Sales Ratio vs Fair Ratio

What is PCF'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.

PCF PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.5x
Fair PS Ratio	1.4x

Price-To-Sales vs Fair Ratio: PCF is expensive based on its Price-To-Sales Ratio (1.5x) compared to the estimated Fair Price-To-Sales Ratio (1.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PCF forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	zł7.20	zł23.80 +230.6%	72.0%	zł52.90	zł9.00	n/a	4
Dec ’25	zł8.07	zł25.43 +215.1%	62.6%	zł52.90	zł15.00	n/a	4
Nov ’25	zł11.00	zł25.43 +131.1%	62.6%	zł52.90	zł15.00	n/a	4
Oct ’25	zł13.40	zł25.43 +89.7%	62.6%	zł52.90	zł15.00	n/a	4
Sep ’25	zł16.66	zł24.93 +49.6%	64.8%	zł52.90	zł15.00	n/a	4
Aug ’25	zł17.74	zł24.93 +40.5%	64.8%	zł52.90	zł15.00	n/a	4
Jul ’25	zł19.10	zł28.07 +46.9%	62.6%	zł52.90	zł15.00	n/a	3
Jun ’25	zł18.50	zł28.07 +51.7%	62.6%	zł52.90	zł15.00	n/a	3
May ’25	zł18.46	zł38.47 +108.4%	26.5%	zł52.90	zł31.00	n/a	3
Apr ’25	zł22.10	zł42.83 +93.8%	20.5%	zł52.90	zł31.50	n/a	3
Mar ’25	zł24.30	zł42.83 +76.3%	20.5%	zł52.90	zł31.50	n/a	3
Feb ’25	zł27.50	zł42.83 +55.8%	20.5%	zł52.90	zł31.50	n/a	3
Jan ’25	zł29.45	zł42.83 +45.4%	20.5%	zł52.90	zł31.50	zł7.81	3
Dec ’24	zł30.00	zł40.13 +33.7%	22.3%	zł52.90	zł31.50	zł8.07	4
Nov ’24	zł38.40	zł43.00 +12.0%	19.9%	zł52.90	zł32.00	zł11.00	3
Oct ’24	zł37.90	zł42.63 +12.5%	20.0%	zł52.90	zł32.00	zł13.40	3
Sep ’24	zł42.00	zł42.63 +1.5%	20.0%	zł52.90	zł32.00	zł16.66	3
Aug ’24	zł42.15	zł42.63 +1.1%	20.0%	zł52.90	zł32.00	zł17.74	3
Jul ’24	zł49.50	zł43.00 -13.1%	19.9%	zł52.90	zł32.00	zł19.10	3
Jun ’24	zł39.80	zł43.00 +8.0%	19.9%	zł52.90	zł32.00	zł18.50	3
May ’24	zł38.70	zł43.00 +11.1%	19.9%	zł52.90	zł32.00	zł18.46	3
Apr ’24	zł40.10	zł43.00 +7.2%	19.9%	zł52.90	zł32.00	zł22.10	3
Mar ’24	zł37.20	zł46.97 +26.3%	28.8%	zł64.80	zł32.00	zł24.30	3
Feb ’24	zł37.90	zł46.97 +23.9%	28.8%	zł64.80	zł32.00	zł27.50	3
Jan ’24	zł39.20	zł46.30 +18.1%	30.9%	zł64.80	zł30.00	zł29.45	3

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Discover undervalued companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/06 17:44
End of Day Share Price	2025/01/03 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

PCF Group Spólka Akcyjna is covered by 9 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Kamil Kliszcz	Biuro maklerskie mBanku
Lukasz Janczak	Erste Group Bank AG
Michal Wojciechowski	Ipopema Securities S.A.