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Arctic Paper SA
WSE:ATC

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Arctic Paper SA
WSE:ATC
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Price: 6.6 PLN -4.07% Market Closed
Market Cap: zł457.3m

EV/IC

0.2
Current
60%
Cheaper
vs 3-y average of 0.5

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
0.2
=
Enterprise Value
zł488.8m
/
Invested Capital
zł2.1B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
0.2
=
Enterprise Value
zł488.8m
/
Invested Capital
zł2.1B

Valuation Scenarios

Arctic Paper SA is trading below its 3-year average

If EV/IC returns to its 3-Year Average (0.5), the stock would be worth zł16.61 (152% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+375%
Average Upside
169%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 0.2 zł6.6
0%
3-Year Average 0.5 zł16.61
+152%
5-Year Average 0.4 zł13.83
+110%
Industry Average 0.3 zł9.22
+40%
Country Average 0.9 zł31.34
+375%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
PL
Arctic Paper SA
WSE:ATC
457.3m PLN 0.2 -13.7
FI
UPM-Kymmene Oyj
OMXH:UPM
13.4B EUR 1.1 28
BR
Suzano SA
BOVESPA:SUZB3
54.2B BRL 0.9 4
ZA
Sappi Ltd
JSE:SAP
9.8B ZAR 0.4 -2.2
FI
Stora Enso Oyj
OMXH:STERV
7.5B EUR 0.6 10.7
CN
Shandong Sun Paper Co Ltd
SZSE:002078
41.1B CNY 1.1 12.6
SE
Holmen AB
STO:HOLM B
48.7B SEK 0.7 17.7
JP
Oji Holdings Corp
TSE:3861
836.6B JPY 0.6 31.1
UK
Mondi PLC
LSE:MNDI
3.3B GBP 0.7 23.9
HK
Nine Dragons Paper (Holdings) Ltd
HKEX:2689
29.7B HKD 0.6 8
CN
Guangxi Yuegui Guangye Holdings Co Ltd
SZSE:000833
25.4B CNY 4.7 53
P/E Multiple
Earnings Growth PEG
PL
A
Arctic Paper SA
WSE:ATC
Average P/E: 21
Negative Multiple: -13.7
-35%
N/A
FI
UPM-Kymmene Oyj
OMXH:UPM
28
33%
0.8
BR
Suzano SA
BOVESPA:SUZB3
4
-17%
N/A
ZA
S
Sappi Ltd
JSE:SAP
Negative Multiple: -2.2 N/A N/A
FI
S
Stora Enso Oyj
OMXH:STERV
10.7
2%
5.3
CN
Shandong Sun Paper Co Ltd
SZSE:002078
12.6
N/A N/A
SE
Holmen AB
STO:HOLM B
17.7
0%
N/A
JP
Oji Holdings Corp
TSE:3861
31.1
23%
1.4
UK
Mondi PLC
LSE:MNDI
23.9
36%
0.7
HK
Nine Dragons Paper (Holdings) Ltd
HKEX:2689
8
37%
0.2
CN
Guangxi Yuegui Guangye Holdings Co Ltd
SZSE:000833
53
N/A N/A

Market Distribution

Lower than 94% of companies in Poland
Percentile
6th
Based on 454 companies
6th percentile
0.2
Low
0 — 0.6
Typical Range
0.6 — 1.9
High
1.9 —
Distribution Statistics
Poland
Min 0
30th Percentile 0.6
Median 0.9
70th Percentile 1.9
Max 116.3

Arctic Paper SA
Glance View

Market Cap
457.3m PLN
Industry
Paper & Forest

Arctic Paper SA is a holding company, which engages in production of book paper and fine graphic paper. The company is headquartered in Kostrzyn Nad Odra, Woj. Lubuskie and currently employs 1,503 full-time employees. The company went IPO on 2009-10-23. The firm divides its business into three segments of graphic paper: Fine paper, Newsprint, and Magazine paper. The firm's main activities are manufacturing and sale of graphic fine uncoated and coated paper, under the brands: Amber, G-Print, Munken, Pamo, Arctic, L-Print and AP Tech, among others. The company offers uncoated wood-free paper, coated wood-free paper, as well as uncoated wood-containing paper. The firm operates four paper mills, located in Kostrzyn, Poland, Munkendals and Grycksbo, Sweden, and Mochenwangen, Germany. Among the Company’s customers are printing houses, distributors, publishing houses and advertising agencies. The firm is a parent entity of the Arctic Paper Capital Group As of December 31, 2011 Arctic Paper AB, based in Sweden, held a 74.8% stake in the Company. On February 26, 2013, the Company increased its stake in Rottenros AB to 54.2%.

ATC Intrinsic Value
10.92 PLN
Undervaluation 40%
Intrinsic Value
Price zł6.6
A
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