NV Bekaert Valuation

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

Valuation Score

6/6

Valuation Score 6/6

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

Below Fair Value: BEKB (€35.58) is trading below our estimate of fair value (€60.9)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

BEKB 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/Revenue0.6x
Enterprise Value/EBITDA4.6x
PEG Ratio1.5x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BEKB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.3x
VOE Voestalpine
51.3x41.9%€3.7b
AMAG AMAG Austria Metall
17.3x18.6%€842.8m
MMK Mayr-Melnhof Karton
28x43.9%€1.7b
WIE Wienerberger
28.5x41.7%€3.1b
BEKB NV Bekaert
7.4x5.0%€1.9b

Price-To-Earnings vs Peers: BEKB is good value based on its Price-To-Earnings Ratio (7.4x) compared to the peer average (31.3x).


Price to Earnings Ratio vs Industry

How does BEKB's PE Ratio compare vs other companies in the European Metals and Mining Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a26.4%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a26.4%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: BEKB is good value based on its Price-To-Earnings Ratio (7.4x) compared to the European Metals and Mining industry average (13x).


Price to Earnings Ratio vs Fair Ratio

What is BEKB'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.

BEKB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.4x
Fair PE Ratio14.9x

Price-To-Earnings vs Fair Ratio: BEKB is good value based on its Price-To-Earnings Ratio (7.4x) compared to the estimated Fair Price-To-Earnings Ratio (14.9x).


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 BEKB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€35.58
€50.63
+42.3%
13.6%€58.00€43.50n/a4
Oct ’25€37.28
€50.63
+35.8%
13.6%€58.00€43.50n/a4
Sep ’25€37.30
€53.63
+43.8%
13.6%€63.00€44.50n/a4
Aug ’25€37.68
€53.63
+42.3%
13.6%€63.00€44.50n/a4
Jul ’25€39.82
€53.63
+34.7%
13.6%€63.00€44.50n/a4
Jun ’25€43.36
€53.63
+23.7%
13.6%€63.00€44.50n/a4
May ’25€47.38
€53.88
+13.7%
13.2%€63.00€44.50n/a4
Apr ’25€47.86
€53.88
+12.6%
13.2%€63.00€44.50n/a4
Mar ’25€47.62
€49.38
+3.7%
10.4%€58.00€44.50n/a4
Feb ’25€45.40
€47.88
+5.5%
5.6%€52.00€44.50n/a4
Jan ’25€46.46
€47.88
+3.0%
5.6%€52.00€44.50n/a4
Dec ’24€42.72
€47.88
+12.1%
5.6%€52.00€44.50n/a4
Nov ’24€38.42
€47.88
+24.6%
5.6%€52.00€44.50n/a4
Oct ’24€41.40
€47.88
+15.6%
5.6%€52.00€44.50€37.284
Sep ’24€43.78
€47.88
+9.4%
5.6%€52.00€44.50€37.304
Aug ’24€42.96
€47.88
+11.4%
5.6%€52.00€44.50€37.684
Jul ’24€41.04
€48.17
+17.4%
6.4%€52.00€44.50€39.823
Jun ’24€39.98
€48.17
+20.5%
6.4%€52.00€44.50€43.363
May ’24€41.30
€46.25
+12.0%
3.8%€48.00€44.50€47.382
Apr ’24n/a
€46.25
0%
3.8%€48.00€44.50€47.862
Mar ’24n/a
€44.25
0%
0.6%€44.50€44.00€47.622
Feb ’24€38.86
€37.00
-4.8%
18.9%€44.00€30.00€45.402
Jan ’24€36.38
€37.00
+1.7%
18.9%€44.00€30.00€46.462
Dec ’23€33.36
€40.33
+20.9%
18.4%€47.00€30.00€42.723
Nov ’23€28.06
€40.33
+43.7%
18.4%€47.00€30.00€38.423
Oct ’23€25.96
€45.17
+74.0%
2.9%€47.00€44.00€41.403

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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