Deutsche Pfandbriefbank Valuation

Q: What is the Fair Price of 000324330 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

000324330 (CHF12.34) is trading below our estimate of [[fair value]] (CHF39.38)

Is 000324330 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-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 000324330 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000324330 (CHF12.34) is trading below our estimate of fair value (CHF39.38)

Significantly Below Fair Value: 000324330 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 000324330?

Key metric: As 000324330 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 000324330. This is calculated by dividing 000324330's market cap by their current earnings.
What is 000324330's PE Ratio?
PE Ratio	11x
Earnings	€62.00m
Market Cap	€679.77m

000324330 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/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	0.3x

Price to Earnings Ratio vs Peers

How does 000324330's PE Ratio compare to its peers?

The above table shows the PE ratio for 000324330 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	21x
SNBN Schweizerische Nationalbank	0.008x	n/a	CHF 333.0m
LEON Leonteq	56.7x	35.1%	CHF 428.1m
VPBN VP Bank	15.2x	20.2%	CHF 461.3m
CFT Compagnie Financière Tradition	12x	n/a	CHF 1.2b
000324330 Deutsche Pfandbriefbank	11x	35.3%	CHF 679.8m

Price-To-Earnings vs Peers: 000324330 is good value based on its Price-To-Earnings Ratio (11x) compared to the peer average (21x).

Price to Earnings Ratio vs Industry

How does 000324330's PE Ratio compare vs other companies in the European Diversified Financial Industry?

7 Companies	Price / Earnings	Estimated Growth	Market Cap

7 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 000324330 is expensive based on its Price-To-Earnings Ratio (11x) compared to the European Diversified Financial industry average (10.7x).

Price to Earnings Ratio vs Fair Ratio

What is 000324330'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.

000324330 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	11x
Fair PE Ratio	22.3x

Price-To-Earnings vs Fair Ratio: 000324330 is good value based on its Price-To-Earnings Ratio (11x) compared to the estimated Fair Price-To-Earnings Ratio (22.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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