Futebol Clube do Porto - FutebolD Valuation

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

FCP (€1.17) is trading below our estimate of [[fair value]] (€54.32)

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

Below Fair Value: FCP (€1.17) is trading below our estimate of fair value (€54.32)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for FCP. This is calculated by dividing FCP's market cap by their current revenue.
What is FCP's PS Ratio?
PS Ratio	0.2x
Sales	€171.18m
Market Cap	€26.32m

FCP 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	2.1x
Enterprise Value/EBITDA	21.3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for FCP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	2.1x
SLBEN Sport Lisboa e Benfica - Futebol SAD	0.4x	n/a	€81.4m
SCP Sporting Clube de Portugal - Futebol SAD	1.4x	n/a	€168.4m
IPR Impresa - Sociedade Gestora de Participações Sociais	0.1x	n/a	€20.1m
A317530 Carriesoft	6.5x	n/a	₩40.1b
FCP Futebol Clube do Porto - FutebolD	0.2x	n/a	€26.3m

Price-To-Sales vs Peers: FCP is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (2.1x).

Price to Sales Ratio vs Industry

How does FCP's PS Ratio compare vs other companies in the European Entertainment Industry?

36 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	1.5x	6.9%
FCP Futebol Clube do Porto - FutebolD	0.2x	n/a	US$27.41m

36 Companies		Estimated Growth	Market Cap
Industry Avg.	1.5x	23.4%
FCP Futebol Clube do Porto - FutebolD	0.2x	n/a	US$27.41m

No more companies

Price-To-Sales vs Industry: FCP is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Entertainment industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

What is FCP'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.

FCP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate FCP's Price-To-Sales 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.