Fielmann Group AG

WBAG:FIE Stock Report

Market Cap: €3.5b

Fielmann Group Valuation

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

Below Fair Value: FIE (€41.6) is trading below our estimate of fair value (€88.99)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FIE. This is calculated by dividing FIE's market cap by their current earnings.
What is FIE's PE Ratio?
PE Ratio24.9x
Earnings€140.87m
Market Cap€3.51b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FIE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.3x
FRAS Frasers Group
8.4x13.2%UK£2.6b
BELA Jumbo
11.2x3.3%€3.6b
600655 Shanghai Yuyuan Tourist Mart (Group)
26x25.8%CN¥24.7b
4190 Jarir Marketing
15.7x6.4%ر.س15.2b
FIE Fielmann Group
24.9x18.9%€3.5b

Price-To-Earnings vs Peers: FIE is expensive based on its Price-To-Earnings Ratio (24.9x) compared to the peer average (15.3x).

Price to Earnings Ratio vs Industry

How does FIE's PE Ratio compare vs other companies in the European Specialty Retail Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FIE 24.9xIndustry Avg. 16.4xNo. of Companies12PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FIE is expensive based on its Price-To-Earnings Ratio (24.9x) compared to the European Specialty Retail industry average (16.4x).

Price to Earnings Ratio vs Fair Ratio

What is FIE'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.

FIE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FIE's Price-To-Earnings Fair Ratio for valuation analysis.

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 FIE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€41.60
€56.51
+35.9%
12.8%€66.00€44.60n/a7
Dec ’25€39.00
€56.51
+44.9%
12.8%€66.00€44.60n/a7
Nov ’25€43.30
€57.67
+33.2%
12.4%€66.00€45.70n/a7
Oct ’25€45.80
€57.67
+25.9%
12.4%€66.00€45.70n/a7
Sep ’25€44.20
€56.96
+28.9%
12.1%€66.00€45.70n/a7
Aug ’25€41.50
€57.11
+37.6%
11.6%€66.00€46.80n/a7
Jul ’25€43.90
€55.20
+25.7%
10.7%€62.00€45.40n/a7
Jun ’25€43.90
€54.77
+24.8%
10.4%€62.00€45.40n/a7
May ’25€43.65
€54.37
+24.6%
11.8%€62.00€44.20n/a6
Apr ’25€42.52
€51.36
+20.8%
14.2%€62.00€41.00n/a9
Mar ’25€42.26
€51.36
+21.5%
14.2%€62.00€41.00n/a9
Feb ’25€45.68
€51.73
+13.3%
13.5%€62.00€41.00n/a9
Jan ’25€48.66
€51.73
+6.3%
13.5%€62.00€41.00€41.209
Dec ’24€46.82
€51.73
+10.5%
13.5%€62.00€41.00€39.009
Nov ’24€40.78
€50.40
+23.6%
15.7%€62.00€40.00€43.309
Oct ’24€40.92
€50.40
+23.2%
15.7%€62.00€40.00€45.809
Sep ’24€47.26
€50.40
+6.6%
15.7%€62.00€40.00€44.209
Aug ’24€45.98
€50.18
+9.1%
15.1%€60.00€40.00€41.509
Jul ’24€48.72
€46.61
-4.3%
13.5%€60.00€40.00€43.909
Jun ’24€47.06
€45.39
-3.6%
11.8%€55.00€40.00€43.909
May ’24€46.84
€43.39
-7.4%
13.3%€55.00€33.00€43.659
Apr ’24€38.40
€37.78
-1.6%
22.5%€50.00€25.00€42.529
Mar ’24€35.08
€36.67
+4.5%
21.4%€50.00€25.00€42.269
Feb ’24€34.40
€36.78
+6.9%
20.9%€50.00€25.00€45.689
Jan ’24€37.08
€36.78
-0.8%
20.9%€50.00€25.00€48.669

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 07:24
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Fielmann Group AG is covered by 27 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Volker BosseBaader Helvea Equity Research
Christoph SchlienkampBankhaus Lampe KG
Laura JanssensBerenberg