What is the intrinsic value of PJP.WA?

As of 2026-04-06, the Intrinsic Value of PJP Makrum SA (PJP.WA) is 21.63 PLN. This PJP.WA valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 18.00 PLN, the upside of PJP Makrum SA is 20.20%.

The range of the Intrinsic Value is 10.22 - 51.29 PLN

Is PJP.WA undervalued or overvalued?

Based on its market price of 18.00 PLN and our intrinsic valuation, PJP Makrum SA (PJP.WA) is undervalued by 20.20%.

	Range	Selected	Upside
a
DCF (Growth 5y)	10.22 - 51.29	21.63	20.2%
DCF (Growth 10y)	19.78 - 75.36	35.38	96.6%
DCF (EBITDA 5y)	24.11 - 76.93	48.26	168.1%
DCF (EBITDA 10y)	27.90 - 92.14	53.96	199.8%
Fair Value	24.25 - 24.25	24.25	34.73%
P/E	14.03 - 48.88	28.84	60.2%
EV/EBITDA	(0.76) - 15.13	7.57	-57.9%
EPV	6.10 - 23.32	14.71	-18.3%
DDM - Stable	6.26 - 13.61	9.93	-44.8%
DDM - Multi	56.18 - 85.58	67.18	273.2%