Jungfraubahn Holding Valuation

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

JFN (CHF177.4) is trading below our estimate of [[fair value]] (CHF265.92)

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

Below Fair Value: JFN (CHF177.4) is trading below our estimate of fair value (CHF265.92)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for JFN. This is calculated by dividing JFN's market cap by their current preferred multiple.
What is JFN's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	CHF 991.18m

JFN 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	3.8x
Enterprise Value/EBITDA	8.1x
PEG Ratio	3.8x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for JFN 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	10x
BVZN BVZ Holding	8x	n/a	CHF 181.5m
FHZN Flughafen Zürich	20.1x	5.1%	CHF 6.4b
GLTR Globaltrans Investment	2.4x	n/a	US$1.0b
9031 Nishi-Nippon Railroad	9.4x	-4.0%	JP¥179.9b
JFN Jungfraubahn Holding	12.6x	3.3%	CHF 991.2m

Price-To-Earnings vs Peers: JFN is expensive based on its Price-To-Earnings Ratio (12.6x) compared to the peer average (10x).

Price to Earnings Ratio vs Industry

How does JFN's PE Ratio compare vs other companies in the European Transportation Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	24.1%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	24.1%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: JFN is good value based on its Price-To-Earnings Ratio (12.6x) compared to the Global Transportation industry average (15.8x).

Price to Earnings Ratio vs Fair Ratio

What is JFN'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.

JFN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	12.6x
Fair PE Ratio	15.2x

Price-To-Earnings vs Fair Ratio: JFN is good value based on its Price-To-Earnings Ratio (12.6x) compared to the estimated Fair Price-To-Earnings Ratio (15.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst JFN forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CHF 177.40	CHF 240.00 +35.3%	8.3%	CHF 260.00	CHF 220.00	n/a	2
Sep ’25	CHF 201.50	CHF 247.50 +22.8%	11.1%	CHF 275.00	CHF 220.00	n/a	2
Aug ’25	CHF 201.00	CHF 260.00 +29.4%	15.4%	CHF 300.00	CHF 220.00	n/a	2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.