Spyrosoft Spólka Akcyjna Valuation

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

SPR (PLN390) is trading above our estimate of [[fair value]] (PLN309)

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

Below Fair Value: SPR (PLN390) is trading above our estimate of fair value (PLN309)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SPR. This is calculated by dividing SPR's market cap by their current earnings.
What is SPR's PE Ratio?
PE Ratio	17.7x
Earnings	zł24.04m
Market Cap	zł425.67m

SPR 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	1x
Enterprise Value/EBITDA	10x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SPR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	28x
CMP Comp	11x	n/a	zł387.1m
SES Sescom	7.7x	n/a	zł159.0m
ATD Atende	37.9x	n/a	zł106.8m
SGN Sygnity	55.5x	23.0%	zł1.6b
SPR Spyrosoft Spólka Akcyjna	17.7x	n/a	zł425.7m

Price-To-Earnings vs Peers: SPR is good value based on its Price-To-Earnings Ratio (17.7x) compared to the peer average (28x).

Price to Earnings Ratio vs Industry

How does SPR's PE Ratio compare vs other companies in the European IT Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: SPR is good value based on its Price-To-Earnings Ratio (17.7x) compared to the European IT industry average (18.3x).

Price to Earnings Ratio vs Fair Ratio

What is SPR'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.

SPR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	17.7x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SPR's Price-To-Earnings 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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