Beiersdorf Valuation

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

BEI (CHF112) is trading below our estimate of [[fair value]] (CHF117.38)

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: BEI (CHF112) is trading below our estimate of fair value (CHF117.38)

Significantly Below Fair Value: BEI is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BEI. This is calculated by dividing BEI's market cap by their current earnings.
What is BEI's PE Ratio?
PE Ratio	37.8x
Earnings	€738.00m
Market Cap	€27.87b

BEI 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	2.6x
Enterprise Value/EBITDA	18.2x
PEG Ratio	3x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BEI 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	54.6x
HLN Haleon	27.4x	10.6%	UK£33.1b
4452 Kao	35.4x	12.2%	JP¥2.9t
EL Estée Lauder Companies	112.7x	36.0%	US$22.9b
KVUE Kenvue	42.9x	19.6%	US$45.7b
BEI Beiersdorf	37.8x	12.7%	CHF 27.9b

Price-To-Earnings vs Peers: BEI is good value based on its Price-To-Earnings Ratio (37.8x) compared to the peer average (54.6x).

Price to Earnings Ratio vs Industry

How does BEI's PE Ratio compare vs other companies in the European Personal Products Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: BEI is expensive based on its Price-To-Earnings Ratio (37.8x) compared to the European Personal Products industry average (21.8x).

Price to Earnings Ratio vs Fair Ratio

What is BEI'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.

BEI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	37.8x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BEI'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?

Analyst Forecast: Insufficient data to show price forecast.