Transilvania Broker de Asigurare Valuation

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

TBK (RON15.85) is trading below our estimate of [[fair value]] (RON31.26)

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: TBK (RON15.85) is trading below our estimate of fair value (RON31.26)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TBK. This is calculated by dividing TBK's market cap by their current earnings.
What is TBK's PE Ratio?
PE Ratio	22.9x
Earnings	RON 3.47m
Market Cap	RON 79.25m

TBK 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	0.7x
Enterprise Value/EBITDA	16.4x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TBK 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	52.3x
ENA Ensurance	54.6x	n/a	AU$24.3m
5836 Agent Insurance Group	27.6x	n/a	JP¥3.5b
ASN ASN Broker	113.3x	n/a	฿331.3m
MAAL Marketing Alliance	13.5x	n/a	US$11.5m
TBK Transilvania Broker de Asigurare	22.9x	n/a	RON 79.3m

Price-To-Earnings vs Peers: TBK is good value based on its Price-To-Earnings Ratio (22.9x) compared to the peer average (51.5x).

Price to Earnings Ratio vs Industry

How does TBK's PE Ratio compare vs other companies in the European Insurance Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: TBK is expensive based on its Price-To-Earnings Ratio (22.9x) compared to the European Insurance industry average (11.8x).

Price to Earnings Ratio vs Fair Ratio

What is TBK'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.

TBK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	22.9x
Fair PE Ratio	n/a

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