Globe Trade Centre S.A.

WSE:GTC Stock Report

Market Cap: zł2.6b

Globe Trade Centre Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: GTC (PLN4.45) is trading below our estimate of fair value (PLN7.24)

Significantly Below Fair Value: GTC is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for GTC. This is calculated by dividing GTC's market cap by their current earnings.
What is GTC's PE Ratio?
PE Ratio11.1x
Earnings€53.00m
Market Cap€588.18m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for GTC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.7x
ECH Echo Investment
24.9x23.4%zł1.8b
MUR Murapol
8.5x31.3%zł1.4b
DVL Develia
7.7x1.2%zł2.6b
MLG MLP Group
9.6x16.5%zł1.8b
GTC Globe Trade Centre
11.1x8.2%zł2.6b

Price-To-Earnings vs Peers: GTC is good value based on its Price-To-Earnings Ratio (11.1x) compared to the peer average (12.7x).

Price to Earnings Ratio vs Industry

How does GTC's PE Ratio compare vs other companies in the PL Real Estate Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ATL Atlas Estates
0.8xn/aUS$13.35m
EFK Korporacja Gospodarcza efekt
0.8xn/aUS$8.50m
CPD CPD
0.1xn/aUS$1.90m
No more companies available in this PE range
GTC 11.1xIndustry Avg. 9.1xNo. of Companies3PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GTC is expensive based on its Price-To-Earnings Ratio (11.1x) compared to the Polish Real Estate industry average (8.8x).

Price to Earnings Ratio vs Fair Ratio

What is GTC'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.

GTC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.1x
Fair PE Ratio11.5x

Price-To-Earnings vs Fair Ratio: GTC is good value based on its Price-To-Earnings Ratio (11.1x) compared to the estimated Fair Price-To-Earnings Ratio (11.5x).

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 GTC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł4.45
zł5.46
+22.6%
8.7%zł6.03zł4.62n/a5
Nov ’25zł4.53
zł5.45
+20.2%
8.4%zł6.01zł4.66n/a5
Oct ’25zł4.47
zł5.39
+20.5%
8.3%zł5.94zł4.60n/a5
Sep ’25zł4.16
zł5.39
+29.5%
8.3%zł5.94zł4.60n/a5
Aug ’25zł4.98
zł5.66
+13.7%
4.1%zł5.96zł5.30n/a5
Jul ’25zł5.28
zł5.93
+12.2%
6.7%zł6.65zł5.54n/a5
Jun ’25zł5.58
zł5.93
+6.2%
6.7%zł6.65zł5.54n/a5
May ’25zł5.30
zł5.92
+11.7%
7.8%zł6.71zł5.60n/a4
Apr ’25zł5.54
zł6.06
+9.3%
7.5%zł6.70zł5.69n/a3
Mar ’25zł5.76
zł6.06
+5.2%
7.5%zł6.70zł5.69n/a3
Feb ’25zł5.40
zł6.06
+12.2%
7.5%zł6.70zł5.69n/a3
Jan ’25zł4.23
zł5.86
+38.4%
7.5%zł6.61zł5.54n/a4
Dec ’24zł4.98
zł5.93
+19.2%
7.8%zł6.73zł5.59n/a4
Nov ’24zł5.44
zł6.05
+11.3%
6.6%zł6.73zł5.73zł4.534
Oct ’24zł5.80
zł5.82
+0.3%
2.2%zł6.00zł5.66zł4.474
Sep ’24zł5.58
zł5.82
+4.2%
2.2%zł6.00zł5.66zł4.164
Aug ’24zł6.08
zł5.94
-2.2%
7.5%zł6.71zł5.60zł4.984
Jul ’24zł5.76
zł5.94
+3.2%
7.5%zł6.71zł5.60zł5.284
Jun ’24zł5.54
zł6.27
+13.2%
10.7%zł7.11zł5.53zł5.584
May ’24zł5.80
zł6.69
+15.3%
11.6%zł7.36zł5.61zł5.303
Apr ’24zł6.16
zł6.36
+3.3%
9.4%zł7.13zł5.64zł5.544
Mar ’24zł6.00
zł6.36
+6.0%
9.4%zł7.13zł5.64zł5.764
Feb ’24zł6.20
zł6.54
+5.4%
11.6%zł7.42zł5.64zł5.404
Jan ’24zł6.18
zł6.53
+5.6%
11.7%zł7.43zł5.63zł4.234
Dec ’23zł6.14
zł6.53
+6.3%
11.7%zł7.43zł5.63zł4.984
Nov ’23zł6.08
zł7.58
+24.7%
13.2%zł8.47zł6.02zł5.444

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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