Tehnohemija a.d Valuation

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

THHM (RSD250) is trading below our estimate of [[fair value]] (RSD2149.8)

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

Below Fair Value: THHM (RSD250) is trading below our estimate of fair value (RSD2149.8)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for THHM. This is calculated by dividing THHM's market cap by their current earnings.
What is THHM's PE Ratio?
PE Ratio	13.2x
Earnings	дин19.46m
Market Cap	дин256.14m

THHM 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	1.4x
Enterprise Value/EBITDA	15.6x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for THHM 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	18.6x
PPTA PPT Armature a.d	10.7x	n/a	дин363.5m
532911 Parle Industries	32.5x	n/a	₹203.0m
543617 Reetech International Cargo and Courier	19.5x	n/a	₹203.0m
524614 IEL	11.8x	n/a	₹200.9m
THHM Tehnohemija a.d	13.2x	n/a	дин256.1m

Price-To-Earnings vs Peers: THHM is good value based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (18.6x).

Price to Earnings Ratio vs Industry

How does THHM's PE Ratio compare vs other companies in the European Trade Distributors Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: THHM is good value based on its Price-To-Earnings Ratio (13.2x) compared to the European Trade Distributors industry average (14.3x).

Price to Earnings Ratio vs Fair Ratio

What is THHM'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.

THHM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	13.2x
Fair PE Ratio	n/a

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