Comarch Valuation
Is CMR undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
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 CMR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: CMR (PLN249) is trading above our estimate of fair value (PLN233.5)
Significantly Below Fair Value: CMR is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for CMR?
Other financial metrics that can be useful for relative valuation.
| What is CMR's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | zł2.03b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.9x |
| Enterprise Value/EBITDA | 9.7x |
| PEG Ratio | 1.4x |
Price to Earnings Ratio vs Peers
How does CMR's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 21x | ||
ASE Asseco South Eastern Europe | 12.8x | n/a | zł2.6b |
SGN Sygnity | 36.2x | 11.5% | zł1.4b |
CMP Comp | 11.2x | n/a | zł347.8m |
SPR Spyrosoft Spólka Akcyjna | 24x | n/a | zł438.8m |
CMR Comarch | 19.3x | 13.8% | zł2.0b |
Price-To-Earnings vs Peers: CMR is good value based on its Price-To-Earnings Ratio (19.3x) compared to the peer average (21x).
Price to Earnings Ratio vs Industry
How does CMR's PE Ratio compare vs other companies in the PL IT Industry?
Price-To-Earnings vs Industry: CMR is expensive based on its Price-To-Earnings Ratio (19.3x) compared to the European IT industry average (19.3x).
Price to Earnings Ratio vs Fair Ratio
What is CMR'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 | 19.3x |
| Fair PE Ratio | 23.4x |
Price-To-Earnings vs Fair Ratio: CMR is good value based on its Price-To-Earnings Ratio (19.3x) compared to the estimated Fair Price-To-Earnings Ratio (23.4x).
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 | zł249.00 | zł210.99 -15.3% | 26.9% | zł290.00 | zł154.47 | n/a | 5 |
| Apr ’25 | zł249.00 | zł210.99 -15.3% | 26.9% | zł290.00 | zł154.47 | n/a | 5 |
| Mar ’25 | zł253.00 | zł210.99 -16.6% | 26.9% | zł290.00 | zł154.47 | n/a | 5 |
| Feb ’25 | zł221.00 | zł183.39 -17.0% | 13.3% | zł215.00 | zł154.47 | n/a | 5 |
| Jan ’25 | zł208.00 | zł183.39 -11.8% | 13.3% | zł215.00 | zł154.47 | n/a | 5 |
| Dec ’24 | zł183.00 | zł183.39 +0.2% | 13.3% | zł215.00 | zł154.47 | n/a | 5 |
| Nov ’24 | zł150.00 | zł166.37 +10.9% | 9.3% | zł193.00 | zł153.00 | n/a | 5 |
| Oct ’24 | zł141.00 | zł166.05 +17.8% | 9.2% | zł193.00 | zł153.00 | n/a | 5 |
| Sep ’24 | zł143.00 | zł163.05 +14.0% | 6.4% | zł178.00 | zł153.00 | n/a | 5 |
| Aug ’24 | zł149.00 | zł168.81 +13.3% | 11.2% | zł201.90 | zł153.00 | n/a | 5 |
| Jul ’24 | zł148.00 | zł172.40 +16.5% | 11.3% | zł201.90 | zł153.00 | n/a | 4 |
| Jun ’24 | zł147.00 | zł172.40 +17.3% | 11.3% | zł201.90 | zł153.00 | n/a | 4 |
| May ’24 | zł154.50 | zł179.65 +16.3% | 13.9% | zł207.00 | zł153.00 | n/a | 4 |
| Apr ’24 | zł149.00 | zł179.65 +20.6% | 13.9% | zł207.00 | zł153.00 | zł249.00 | 4 |
| Mar ’24 | zł151.80 | zł179.50 +18.2% | 13.9% | zł207.00 | zł153.00 | zł253.00 | 4 |
| Feb ’24 | zł164.60 | zł179.50 +9.1% | 13.9% | zł207.00 | zł153.00 | zł221.00 | 4 |
| Jan ’24 | zł164.00 | zł179.50 +9.5% | 13.9% | zł207.00 | zł153.00 | zł208.00 | 4 |
| Dec ’23 | zł168.40 | zł179.50 +6.6% | 13.9% | zł207.00 | zł153.00 | zł183.00 | 4 |
| Nov ’23 | zł140.00 | zł218.80 +56.3% | 21.8% | zł290.00 | zł156.10 | zł150.00 | 4 |
| Oct ’23 | zł150.00 | zł234.85 +56.6% | 14.1% | zł290.00 | zł208.70 | zł141.00 | 4 |
| Sep ’23 | zł157.60 | zł234.85 +49.0% | 14.1% | zł290.00 | zł208.70 | zł143.00 | 4 |
| Aug ’23 | zł173.60 | zł234.85 +35.3% | 14.1% | zł290.00 | zł208.70 | zł149.00 | 4 |
| Jul ’23 | zł170.40 | zł250.83 +47.2% | 11.6% | zł290.00 | zł211.40 | zł148.00 | 4 |
| Jun ’23 | zł178.80 | zł250.83 +40.3% | 11.6% | zł290.00 | zł211.40 | zł147.00 | 4 |
| May ’23 | zł172.00 | zł246.33 +43.2% | 9.6% | zł272.00 | zł211.40 | zł154.50 | 4 |
| Apr ’23 | zł187.00 | zł257.97 +38.0% | 5.6% | zł272.00 | zł238.20 | zł149.00 | 3 |
Analyst Forecast: Target price is lower than the current share price.