Liberty Global Ltd.

WBAG:A3ES4W Stock Report

Market Cap: €6.0b

Liberty Global Valuation

Is A3ES4W 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of A3ES4W when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A3ES4W (€14.6) is trading below our estimate of fair value (€53)

Significantly Below Fair Value: A3ES4W is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A3ES4W?

Key metric: As A3ES4W is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for A3ES4W. This is calculated by dividing A3ES4W's market cap by their current revenue.
What is A3ES4W's PS Ratio?
PS Ratio0.9x
SalesUS$7.41b
Market CapUS$6.49b

Price to Sales Ratio vs Peers

How does A3ES4W's PS Ratio compare to its peers?

The above table shows the PS ratio for A3ES4W vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.9x
TKA Telekom Austria
1x3.7%€5.1b
ETS EuroTeleSites
2.2x-6.5%€802.4m
LUMN Lumen Technologies
0.5x-2.7%US$6.3b
IRDM Iridium Communications
4.1x3.9%US$3.4b
A3ES4W Liberty Global
0.9x-0.1%€6.5b

Price-To-Sales vs Peers: A3ES4W is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (5.5x).

Price to Sales Ratio vs Industry

How does A3ES4W's PS Ratio compare vs other companies in the European Telecom Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
A3ES4W 0.9xIndustry Avg. 1.0xNo. of Companies12PS012345+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: A3ES4W is good value based on its Price-To-Sales Ratio (0.9x) compared to the European Telecom industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is A3ES4W's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

A3ES4W PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.9x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate A3ES4W's Price-To-Sales 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 A3ES4W forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€23.85
0%
23.6%€39.82€16.11n/a17
Dec ’25n/a
€23.85
0%
23.6%€39.82€16.11n/a17
Nov ’25n/a
€23.85
0%
23.6%€39.82€16.11n/a17
Oct ’25n/a
€23.85
0%
23.6%€39.82€16.11n/a17
Sep ’25n/a
€23.85
0%
23.6%€39.82€16.11n/a17
Aug ’25n/a
€23.85
0%
23.6%€39.82€16.11n/a17
Jul ’25n/a
€23.85
0%
23.6%€39.82€16.11n/a17
Jun ’25n/a
€23.85
0%
23.6%€39.82€16.11n/a17
May ’25n/a
€23.85
0%
23.6%€39.82€16.11n/a17
Apr ’25n/a
€23.85
0%
23.6%€39.82€16.11n/a17
Mar ’25n/a
€23.85
0%
23.6%€39.82€16.11n/a17
Feb ’25n/a
€23.85
0%
23.6%€39.82€16.11n/a17
Jan ’25n/a
€23.85
0%
23.6%€39.82€16.11n/a17
Dec ’24n/a
€23.57
0%
24.0%€39.51€16.26n/a17
Nov ’24€14.30
€24.74
+73.0%
22.6%€40.69€18.93n/a17
Oct ’24€16.30
€26.41
+62.0%
26.4%€48.24€18.92n/a17
Sep ’24€16.90
€25.81
+52.7%
26.9%€47.02€18.44n/a16
Aug ’24€16.90
€25.37
+50.1%
27.2%€46.44€18.21n/a16
Jul ’24€15.40
€24.91
+61.7%
30.4%€45.81€12.83n/a16
Jun ’24€15.10
€26.87
+78.0%
25.0%€46.28€18.51n/a16
May ’24€17.40
€26.54
+52.5%
23.5%€45.36€18.14n/a17
Apr ’24€17.90
€26.82
+49.8%
22.6%€46.03€18.41n/a18
Mar ’24€19.30
€27.31
+41.5%
21.6%€47.17€18.87n/a20
Feb ’24€19.80
€26.69
+34.8%
24.1%€46.02€18.41n/a21
Jan ’24€17.70
€26.44
+49.4%
19.4%€42.38€18.84n/a20
Dec ’23€19.00
€29.59
+55.8%
32.0%€64.89€17.43n/a21

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/12/16 09:22
End of Day Share Price 2023/11/23 00:00
Earnings2023/09/30
Annual Earnings2022/12/31

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

Liberty Global Ltd. is covered by 44 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William Noel MilnerArete Research Services LLP
Alex PoundArete Research Services LLP
Maurice PatrickBarclays