Tesgas Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: TSG (PLN2.4) is trading below our estimate of fair value (PLN335.27)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TSG. This is calculated by dividing TSG's market cap by their current earnings.
What is TSG's PE Ratio?
PE Ratio	8.9x
Earnings	zł3.08m
Market Cap	zł27.24m

TSG 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	0.1x
Enterprise Value/EBITDA	1.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TSG 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	11.2x
WOD WODKAN Przedsiebiorstwo Wodociagów i Kanalizacji	15.7x	n/a	zł36.3m
GNG G-Energy	6.8x	n/a	zł17.3m
BDZ EC Bedzin	0.2x	n/a	zł77.8m
AQU Aqua Spólka Akcyjna	22.1x	n/a	zł184.4m
TSG Tesgas	8.9x	n/a	zł27.2m

Price-To-Earnings vs Peers: TSG is good value based on its Price-To-Earnings Ratio (8.9x) compared to the peer average (11.2x).

Price to Earnings Ratio vs Industry

How does TSG's PE Ratio compare vs other companies in the Global Gas Utilities Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: TSG is good value based on its Price-To-Earnings Ratio (8.9x) compared to the Global Gas Utilities industry average (14.2x).

Price to Earnings Ratio vs Fair Ratio

What is TSG'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.

TSG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	8.9x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TSG'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.

Discover undervalued companies

EC Bedzin

zł77.8m

Through its subsidiaries, engages in the production and sale of electricity and heat in Poland.

BDZ

zł26.00

-0.6%

-40.6%

T&T Proenergy

zł32.5m

Engages in the design, construction, and operation of various types of photovoltaic projects in Poland.

TNT

zł1.98

-11.6%

-38.5%

ENEFI Vagyonkezelo Nyrt

Ft2.1b

Supplies electricity in Hungary.

EST

Ft1.46

n/a