WashTec Valuation

Is WSU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: WSU (€37.9) is trading below our estimate of fair value (€61)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for WSU. This is calculated by dividing WSU's market cap by their current earnings.
What is WSU's PE Ratio?
PE Ratio18x
Earnings€28.47m
Market Cap€512.54m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for WSU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.2x
SEM Semperit Holding
15.8x47.0%€235.8m
ANDR Andritz
10.3x8.8%€5.2b
PAL Palfinger
6.3x-0.3%€682.8m
ROS Rosenbauer International
32.6x62.6%€241.4m
WSU WashTec
18x14.3%€512.5m

Price-To-Earnings vs Peers: WSU is expensive based on its Price-To-Earnings Ratio (18x) compared to the peer average (16.2x).


Price to Earnings Ratio vs Industry

How does WSU's PE Ratio compare vs other companies in the European Machinery Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
WSU 18.0xIndustry Avg. 17.6xNo. of Companies29PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: WSU is expensive based on its Price-To-Earnings Ratio (18x) compared to the European Machinery industry average (17.6x).


Price to Earnings Ratio vs Fair Ratio

What is WSU'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.

WSU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18x
Fair PE Ratio9.7x

Price-To-Earnings vs Fair Ratio: WSU is expensive based on its Price-To-Earnings Ratio (18x) compared to the estimated Fair Price-To-Earnings Ratio (9.7x).


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 WSU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€37.90
€49.13
+29.6%
8.2%€53.00€43.00n/a4
Nov ’25€38.80
€49.13
+26.6%
8.2%€53.00€43.00n/a4
Oct ’25€38.20
€49.13
+28.6%
8.2%€53.00€43.00n/a4
Sep ’25€36.50
€49.13
+34.6%
8.2%€53.00€43.00n/a4
Aug ’25€36.90
€49.13
+33.1%
8.2%€53.00€43.00n/a4
Jul ’25€39.00
€49.13
+26.0%
8.2%€53.00€43.00n/a4
Jun ’25€40.20
€49.13
+22.2%
8.2%€53.00€43.00n/a4
May ’25€40.00
€49.13
+22.8%
8.2%€53.00€43.00n/a4
Apr ’25€39.20
€49.13
+25.3%
8.2%€53.00€43.00n/a4
Mar ’25€36.70
€49.63
+35.2%
9.2%€55.00€43.00n/a4
Feb ’25€31.75
€50.25
+58.3%
10.1%€55.00€43.00n/a4
Jan ’25€31.90
€50.25
+57.5%
10.1%€55.00€43.00n/a4
Dec ’24€33.50
€50.25
+50.0%
10.1%€55.00€43.00n/a4
Nov ’24€29.80
€53.00
+77.9%
5.3%€55.00€49.00€38.803
Oct ’24€33.20
€53.00
+59.6%
5.3%€55.00€49.00€38.203
Sep ’24€33.35
€53.00
+58.9%
5.3%€55.00€49.00€36.503
Aug ’24€34.45
€57.00
+65.5%
10.0%€62.00€49.00€36.903
Jul ’24€35.70
€57.00
+59.7%
10.0%€62.00€49.00€39.003
Jun ’24€36.70
€57.00
+55.3%
10.0%€62.00€49.00€40.203
May ’24€38.25
€57.00
+49.0%
10.0%€62.00€49.00€40.003
Apr ’24€40.80
€57.00
+39.7%
10.0%€62.00€49.00€39.203
Mar ’24€39.25
€57.00
+45.2%
10.0%€62.00€49.00€36.703
Feb ’24€34.60
€57.67
+66.7%
8.3%€62.00€51.00€31.753
Jan ’24€34.40
€57.67
+67.6%
8.3%€62.00€51.00€31.903
Dec ’23€37.50
€57.25
+52.7%
7.3%€62.00€51.00€33.504
Nov ’23€37.65
€57.25
+52.1%
7.3%€62.00€51.00€29.804

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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