Impresa - Sociedade Gestora de Participações Sociais Valuation

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

IPR (€0.12) is trading below our estimate of [[fair value]] (€0.43)

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

Below Fair Value: IPR (€0.12) is trading below our estimate of fair value (€0.43)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for IPR. This is calculated by dividing IPR's market cap by their current revenue.
What is IPR's PS Ratio?
PS Ratio	0.1x
Sales	€182.22m
Market Cap	€20.08m

IPR 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	0.9x
Enterprise Value/EBITDA	11x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for IPR 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	0.6x
MCP Grupo Média Capital SGPS	1x	n/a	€133.5m
FCP Futebol Clube do Porto - FutebolD	0.2x	n/a	€26.1m
RJR Radio Jamaica	0.7x	n/a	JA$3.7b
OCM One Caribbean Media	0.6x	n/a	TT$173.6m
IPR Impresa - Sociedade Gestora de Participações Sociais	0.1x	n/a	€20.1m

Price-To-Sales vs Peers: IPR is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.6x).

Price to Sales Ratio vs Industry

How does IPR's PS Ratio compare vs other companies in the European Media Industry?

22 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	0.6x	2.0%
IPR Impresa - Sociedade Gestora de Participações Sociais	0.1x	n/a	US$21.04m

22 Companies		Estimated Growth	Market Cap
Industry Avg.	0.6x	10.3%
IPR Impresa - Sociedade Gestora de Participações Sociais	0.1x	n/a	US$21.04m

No more companies

Price-To-Sales vs Industry: IPR is good value based on its Price-To-Sales Ratio (0.1x) compared to the European Media industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

What is IPR'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.

IPR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.1x
Fair PS Ratio	n/a

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