Text Valuation

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

Below Fair Value: TXT (PLN64.5) is trading below our estimate of fair value (PLN112.68)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TXT. This is calculated by dividing TXT's market cap by their current earnings.
What is TXT's PE Ratio?
PE Ratio	9.9x
Earnings	zł168.26m
Market Cap	zł1.66b

TXT 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	4.6x
Enterprise Value/EBITDA	9.2x
PEG Ratio	-6.3x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TXT 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	27.7x
SHO Shoper	35.6x	24.8%	zł1.2b
VRC Vercom	31.4x	21.9%	zł2.6b
ALL Ailleron	16.6x	n/a	zł265.6m
CLD Cloud Technologies	27.2x	n/a	zł269.7m
TXT Text	9.9x	-1.6%	zł1.7b

Price-To-Earnings vs Peers: TXT is good value based on its Price-To-Earnings Ratio (9.9x) compared to the peer average (27.7x).

Price to Earnings Ratio vs Industry

How does TXT's PE Ratio compare vs other companies in the PL Software Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: TXT is good value based on its Price-To-Earnings Ratio (9.9x) compared to the Polish Software industry average (14.3x).

Price to Earnings Ratio vs Fair Ratio

What is TXT'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.

TXT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	9.9x
Fair PE Ratio	20.1x

Price-To-Earnings vs Fair Ratio: TXT is good value based on its Price-To-Earnings Ratio (9.9x) compared to the estimated Fair Price-To-Earnings Ratio (20.1x).

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 TXT 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	zł64.50	zł82.65 +28.1%	29.5%	zł121.00	zł56.50	n/a	4
Nov ’25	zł59.30	zł90.15 +52.0%	25.8%	zł121.00	zł56.50	n/a	4
Oct ’25	zł72.70	zł99.53 +36.9%	13.3%	zł121.00	zł85.10	n/a	4
Sep ’25	zł77.90	zł125.35 +60.9%	30.2%	zł188.40	zł94.00	n/a	4
Aug ’25	zł84.70	zł125.35 +48.0%	30.2%	zł188.40	zł94.00	n/a	4
Jul ’25	zł73.80	zł129.35 +75.3%	27.1%	zł188.40	zł98.00	n/a	4
Jun ’25	zł84.00	zł129.35 +54.0%	27.1%	zł188.40	zł98.00	n/a	4
May ’25	zł90.00	zł135.35 +50.4%	22.9%	zł188.40	zł110.00	n/a	4
Apr ’25	zł90.00	zł135.35 +50.4%	22.9%	zł188.40	zł110.00	n/a	4
Mar ’25	zł88.40	zł135.35 +53.1%	22.9%	zł188.40	zł110.00	n/a	4
Feb ’25	zł95.50	zł135.35 +41.7%	22.9%	zł188.40	zł110.00	n/a	4
Jan ’25	zł115.80	zł150.35 +29.8%	19.7%	zł188.40	zł121.00	n/a	4
Dec ’24	zł111.40	zł150.35 +35.0%	19.7%	zł188.40	zł121.00	zł62.00	4
Nov ’24	zł113.40	zł154.35 +36.1%	17.1%	zł188.40	zł121.00	zł59.30	4
Oct ’24	zł145.40	zł154.35 +6.2%	17.1%	zł188.40	zł121.00	zł72.70	4
Sep ’24	zł138.20	zł154.35 +11.7%	17.1%	zł188.40	zł121.00	zł77.90	4
Aug ’24	zł153.60	zł154.35 +0.5%	17.1%	zł188.40	zł121.00	zł84.70	4
Jul ’24	zł128.80	zł154.60 +20.0%	17.0%	zł188.40	zł121.00	zł73.80	4
Jun ’24	zł139.20	zł154.60 +11.1%	17.0%	zł188.40	zł121.00	zł84.00	4
May ’24	zł138.80	zł138.68 -0.09%	24.7%	zł188.40	zł100.00	zł90.00	5
Apr ’24	zł143.20	zł138.68 -3.2%	24.7%	zł188.40	zł100.00	zł90.00	5
Mar ’24	zł135.40	zł138.68 +2.4%	24.7%	zł188.40	zł100.00	zł88.40	5
Feb ’24	zł126.80	zł118.14 -6.8%	9.0%	zł130.70	zł100.00	zł95.50	5
Jan ’24	zł107.00	zł118.14 +10.4%	9.0%	zł130.70	zł100.00	zł115.80	5
Dec ’23	zł112.00	zł117.54 +4.9%	9.3%	zł130.70	zł100.00	zł111.40	5

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.