Regal Partners Limited

ASX:RPL Stock Report

Market Cap: AU$1.4b

Regal Partners Valuation

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

Below Fair Value: RPL (A$4.11) is trading below our estimate of fair value (A$6.29)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for RPL. This is calculated by dividing RPL's market cap by their current earnings.
What is RPL's PE Ratio?
PE Ratio24.7x
EarningsAU$55.72m
Market CapAU$1.39b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for RPL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.8x
AUI Australian United Investment
27.4xn/aAU$1.4b
BKI BKI Investment
21.5xn/aAU$1.4b
DUI Diversified United Investment
31.9xn/aAU$1.1b
MAF MA Financial Group
42.5x42.5%AU$1.1b
RPL Regal Partners
24.7x20.9%AU$1.4b

Price-To-Earnings vs Peers: RPL is good value based on its Price-To-Earnings Ratio (24.7x) compared to the peer average (30.8x).

Price to Earnings Ratio vs Industry

How does RPL's PE Ratio compare vs other companies in the AU Capital Markets Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KBC Keybridge Capital
1.4xn/aUS$6.46m
OEQ Orion Equities
0.6xn/aUS$1.22m
QUE Queste Communications
0.8xn/aUS$862.51k
PEQA Pritchard Equity
2.7xn/aUS$861.02k
No more companies available in this PE range
RPL 24.7xIndustry Avg. 20.0xNo. of Companies7PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RPL is expensive based on its Price-To-Earnings Ratio (24.7x) compared to the Australian Capital Markets industry average (20x).

Price to Earnings Ratio vs Fair Ratio

What is RPL'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.

RPL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.7x
Fair PE Ratio20.9x

Price-To-Earnings vs Fair Ratio: RPL is expensive based on its Price-To-Earnings Ratio (24.7x) compared to the estimated Fair Price-To-Earnings Ratio (20.9x).

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 RPL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$4.11
AU$4.59
+11.7%
11.1%AU$5.40AU$3.90n/a5
Nov ’25AU$3.56
AU$4.59
+28.9%
11.1%AU$5.40AU$3.90n/a5
Oct ’25AU$3.57
AU$4.57
+28.1%
11.7%AU$5.40AU$3.90n/a5
Sep ’25AU$3.33
AU$4.57
+37.4%
11.7%AU$5.40AU$3.90n/a5
Aug ’25AU$3.68
AU$4.57
+24.2%
8.3%AU$5.10AU$4.00n/a5
Jul ’25AU$3.22
AU$4.59
+42.5%
7.6%AU$5.10AU$4.20n/a5
Jun ’25AU$3.17
AU$4.03
+27.1%
7.3%AU$4.50AU$3.70n/a4
May ’25AU$2.88
AU$3.97
+37.7%
7.9%AU$4.50AU$3.70n/a4
Apr ’25AU$2.98
AU$3.79
+27.2%
7.1%AU$4.20AU$3.50n/a4
Mar ’25AU$2.61
AU$3.68
+41.0%
4.9%AU$3.86AU$3.50n/a2
Feb ’25AU$2.61
AU$3.43
+31.4%
2.0%AU$3.50AU$3.36n/a2
Jan ’25AU$2.66
AU$3.38
+27.1%
0.6%AU$3.40AU$3.36n/a2
Dec ’24AU$2.30
AU$3.38
+47.0%
0.6%AU$3.40AU$3.36n/a2
Nov ’24AU$1.89
AU$3.43
+81.7%
2.2%AU$3.50AU$3.35AU$3.562
Oct ’24AU$2.35
AU$4.55
+93.4%
26.3%AU$5.74AU$3.35AU$3.572
Sep ’24AU$2.42
AU$4.55
+87.8%
26.3%AU$5.74AU$3.35AU$3.332
Aug ’24AU$2.53
AU$4.27
+68.9%
24.4%AU$5.74AU$3.40AU$3.683
Jul ’24AU$2.65
AU$4.38
+65.4%
21.9%AU$5.74AU$3.70AU$3.223
Jun ’24AU$2.79
AU$4.38
+57.1%
21.9%AU$5.74AU$3.70AU$3.173
May ’24AU$3.28
AU$4.38
+33.6%
21.9%AU$5.74AU$3.70AU$2.883

Analyst Forecast: Target price is less than 20% higher than the current share price.

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