Semapa - Sociedade de Investimento e Gestão, SGPS, S.A.

ENXTLS:SEM Stock Report

Market Cap: €1.1b

Semapa - Sociedade de Investimento e Gestão SGPS Valuation

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

Below Fair Value: SEM (€14.22) is trading below our estimate of fair value (€48.98)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SEM. This is calculated by dividing SEM's market cap by their current earnings.
What is SEM's PE Ratio?
PE Ratio4.4x
Earnings€258.91m
Market Cap€1.14b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SEM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.7x
ALTR Altri SGPS
14.2x11.8%€1.1b
NVG Navigator Company
8.4x2.5%€2.6b
COR Corticeira Amorim S.G.P.S
15.4x14.1%€1.1b
TKIM Pabrik Kertas Tjiwi Kimia
8.9xn/aRp19.8t
SEM Semapa - Sociedade de Investimento e Gestão SGPS
4.4x1.0%€1.1b

Price-To-Earnings vs Peers: SEM is good value based on its Price-To-Earnings Ratio (4.4x) compared to the peer average (11.7x).


Price to Earnings Ratio vs Industry

How does SEM's PE Ratio compare vs other companies in the European Forestry Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SEM 4.4xIndustry Avg. 12.4xNo. of Companies7PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SEM is good value based on its Price-To-Earnings Ratio (4.4x) compared to the European Forestry industry average (12.7x).


Price to Earnings Ratio vs Fair Ratio

What is SEM'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.

SEM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.4x
Fair PE Ratio9.4x

Price-To-Earnings vs Fair Ratio: SEM is good value based on its Price-To-Earnings Ratio (4.4x) compared to the estimated Fair Price-To-Earnings Ratio (9.4x).


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 SEM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€14.22
€29.80
+109.6%
4.4%€31.10€28.50n/a2
Nov ’25€14.42
€29.80
+106.7%
4.4%€31.10€28.50n/a2
Oct ’25€14.42
€30.15
+109.1%
3.2%€31.10€29.20n/a2
Sep ’25€14.44
€30.15
+108.8%
3.2%€31.10€29.20n/a2
Aug ’25€14.70
€30.15
+105.1%
3.2%€31.10€29.20n/a2
Jul ’25€14.58
€29.05
+99.2%
7.1%€31.10€27.00n/a2
May ’25€15.90
€26.75
+68.2%
0.9%€27.00€26.50n/a2
Apr ’25€14.90
€26.75
+79.5%
0.9%€27.00€26.50n/a2
Mar ’25€13.64
€26.75
+96.1%
0.9%€27.00€26.50n/a2
Feb ’25€14.22
€25.75
+81.1%
4.9%€27.00€24.50n/a2
Jan ’25€13.40
€22.75
+69.8%
7.7%€24.50€21.00n/a2
Dec ’24€13.48
€22.75
+68.8%
7.7%€24.50€21.00n/a2
Nov ’24€13.38
€22.75
+70.0%
7.7%€24.50€21.00€14.422
Oct ’24€13.60
€22.40
+64.7%
6.3%€23.80€21.00€14.422
Sep ’24€13.34
€22.40
+67.9%
6.3%€23.80€21.00€14.442
Aug ’24€13.20
€22.40
+69.7%
6.3%€23.80€21.00€14.702
Jul ’24€13.02
€21.40
+64.4%
1.9%€21.80€21.00€14.582
Jun ’24€12.68
€20.20
+59.3%
7.9%€21.80€18.60€15.562
May ’24€13.72
€20.20
+47.2%
7.9%€21.80€18.60€15.902
Apr ’24€13.68
€20.55
+50.2%
9.5%€22.50€18.60€14.902
Mar ’24€14.30
€20.55
+43.7%
9.5%€22.50€18.60€13.642
Feb ’24€12.64
€20.90
+65.3%
11.0%€23.20€18.60€14.222
Jan ’24€12.36
€22.80
+84.5%
1.8%€23.20€22.40€13.402
Dec ’23€14.86
€22.80
+53.4%
1.8%€23.20€22.40€13.482
Nov ’23€12.92
€24.60
+90.4%
5.7%€26.00€23.20€13.382

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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