TAURON Polska Energia S.A.

WSE:TPE Stock Report

Market Cap: zł6.2b

TAURON Polska Energia Valuation

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

Below Fair Value: TPE (PLN3.59) is trading below our estimate of fair value (PLN25.79)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for TPE. This is calculated by dividing TPE's market cap by their current revenue.
What is TPE's PS Ratio?
PS Ratio0.2x
Saleszł41.21b
Market Capzł6.16b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for TPE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.2x
ENA ENEA
0.2x-12.8%zł5.8b
ENG Energa
0.3xn/azł5.4b
PGE PGE Polska Grupa Energetyczna
0.2x-7.3%zł15.2b
ZEP ZE PAK
0.3x-18.4%zł760.3m
TPE TAURON Polska Energia
0.2x-7.5%zł6.2b

Price-To-Sales vs Peers: TPE is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.2x).

Price to Sales Ratio vs Industry

How does TPE's PS Ratio compare vs other companies in the European Electric Utilities Industry?

16 CompaniesPrice / SalesEstimated GrowthMarket Cap
TPE 0.2xIndustry Avg. 0.8xNo. of Companies16PS00.40.81.21.62+
16 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: TPE is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Electric Utilities industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is TPE'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.

TPE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.2x

Price-To-Sales vs Fair Ratio: TPE is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.2x).

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 TPE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł3.59
zł5.32
+48.2%
27.9%zł8.20zł3.14n/a7
Nov ’25zł3.71
zł5.46
+47.4%
28.0%zł8.20zł3.14n/a7
Oct ’25zł3.35
zł5.46
+63.3%
28.0%zł8.20zł3.14n/a7
Sep ’25zł3.55
zł5.42
+52.5%
30.2%zł8.20zł3.14n/a6
Aug ’25zł3.73
zł5.42
+45.2%
30.2%zł8.20zł3.14n/a6
Jul ’25zł4.00
zł5.87
+46.9%
23.9%zł8.20zł4.27n/a5
Jun ’25zł4.05
zł6.28
+55.0%
20.6%zł8.20zł5.00n/a4
May ’25zł2.92
zł4.74
+62.6%
39.1%zł8.20zł2.90n/a5
Apr ’25zł3.06
zł5.20
+69.9%
35.6%zł8.20zł2.90n/a5
Mar ’25zł3.55
zł5.06
+42.6%
37.3%zł8.20zł2.90n/a5
Feb ’25zł3.87
zł5.20
+34.4%
34.8%zł8.20zł2.90n/a5
Jan ’25zł3.73
zł5.20
+39.3%
34.8%zł8.20zł2.90n/a5
Dec ’24zł4.31
zł5.20
+20.6%
34.8%zł8.20zł2.90n/a5
Nov ’24zł3.70
zł5.48
+48.1%
36.9%zł8.20zł2.90zł3.715
Oct ’24zł3.59
zł6.13
+70.5%
28.5%zł8.20zł4.30zł3.354
Sep ’24zł4.11
zł6.18
+50.3%
28.9%zł8.20zł4.30zł3.554
Aug ’24zł3.74
zł4.93
+31.9%
42.7%zł7.70zł2.60zł3.733
Jul ’24zł2.75
zł3.50
+27.3%
32.4%zł5.10zł2.60zł4.003
Jun ’24zł2.32
zł3.50
+51.2%
32.4%zł5.10zł2.60zł4.053
May ’24zł2.07
zł3.20
+54.7%
22.2%zł4.20zł2.60zł2.923
Apr ’24zł1.93
zł3.95
+105.0%
36.4%zł6.20zł2.60zł3.064
Mar ’24zł2.15
zł4.73
+120.0%
30.6%zł6.20zł2.60zł3.554
Feb ’24zł2.25
zł4.73
+110.5%
30.6%zł6.20zł2.60zł3.874
Jan ’24zł2.12
zł4.73
+123.0%
30.6%zł6.20zł2.60zł3.734
Dec ’23zł2.13
zł4.73
+121.8%
30.6%zł6.20zł2.60zł4.314
Nov ’23zł1.94
zł4.70
+142.4%
30.9%zł6.20zł2.60zł3.704

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.

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