Comperia.pl S.A. (CPL.WA) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-124.4%

-PLN 2.39

vs PLN 9.80 price

Levered DCF

-PLN 15.43

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

4.74

Safe zone

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-34.29×	-20×	-38.33×	4.83×	5.74×	8.12×	41.67×	-2.1×
P/B	1.42×	0.82×	1.28×	1.38×	1.49×	0.89×	1.01×	1.7×
P/S	0.31×	0.27×	0.53×	0.56×	0.54×	0.41×	0.37×	0.6×
EV / EBITDA	6.36×	3.89×	267.67×	2.87×	2.73×	3.1×	5.95×	-3.75×
Gross margin	3.6%	-7.3%	72.5%	99.6%	99.6%	99.4%	99.4%	99.0%
Operating margin	-0.7%	-13.4%	-1.6%	14.6%	12.0%	4.2%	0.9%	-28.1%
Net margin	-0.9%	-1.3%	-1.4%	11.6%	9.4%	5.1%	0.9%	-28.6%
Current ratio	1.11×	1.56×	1.45×	1.89×	2.07×	1.79×	1.78×	2.17×
Debt / equity	0.06×	0.09×	0.08×	0.1×	0.15×	0.06×	0.1×	0.07×
Interest coverage	-2.51×	-36.66×	-3.74×	48.3×	78.23×	31×	3.34×	-24.35×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-4.2%	-4.0%	-3.3%	28.6%	25.9%	11.1%	2.4%	-81.2%
Return on invested capital	-3.0%	-37.3%	-3.4%	26.3%	22.9%	8.6%	2.2%	-72.1%
Return on assets	-2.1%	-2.7%	-2.3%	19.7%	16.8%	7.7%	1.6%	-55.1%
Free cash flow yield	4.3%	-46.4%	-10.3%	-1.4%	11.2%	4.5%	5.2%	-24.9%
Earnings yield	-3.0%	-4.9%	-2.6%	20.7%	17.4%	12.4%	2.4%	-47.7%
Enterprise value	PLN 21.1M	PLN 12.5M	PLN 23M	PLN 23.2M	PLN 18M	PLN 6.2M	PLN 7.5M	PLN 12.5M
Net debt / EBITDA	-0.48×	-0.28×	10.48×	-0.19×	-0.59×	-1.72×	-1.82×	0.98×
Cash conversion cycle (days)	6	28	-18	-7,012	-10,569	-6,530	-7,485	-10,807