SIG Group Valuation

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

SIGN (CHF16.67) is trading below our estimate of [[fair value]] (CHF25.83)

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

Below Fair Value: SIGN (CHF16.67) is trading below our estimate of fair value (CHF25.83)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for SIGN. This is calculated by dividing SIGN's market cap by their current preferred multiple.
What is SIGN's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	€6.78b

SIGN 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	2.9x
Enterprise Value/EBITDA	12.1x
PEG Ratio	2x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SIGN 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	22.9x
CLN Clariant	34.6x	30.2%	CHF 4.1b
EMSN EMS-CHEMIE HOLDING	34.6x	9.0%	CHF 16.0b
VETN Vetropack Holding	9.8x	6.4%	CHF 623.5m
GPK Graphic Packaging Holding	12.4x	8.5%	US$8.9b
SIGN SIG Group	24.6x	12.0%	CHF 6.4b

Price-To-Earnings vs Peers: SIGN is expensive based on its Price-To-Earnings Ratio (24.6x) compared to the peer average (22.9x).

Price to Earnings Ratio vs Industry

How does SIGN's PE Ratio compare vs other companies in the European Packaging Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	16.0%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	16.0%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: SIGN is expensive based on its Price-To-Earnings Ratio (24.6x) compared to the European Packaging industry average (14.7x).

Price to Earnings Ratio vs Fair Ratio

What is SIGN'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.

SIGN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	24.6x
Fair PE Ratio	20.1x

Price-To-Earnings vs Fair Ratio: SIGN is expensive based on its Price-To-Earnings Ratio (24.6x) compared to the estimated Fair Price-To-Earnings Ratio (20.1x).

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 SIGN forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CHF 16.67	CHF 22.43 +34.6%	13.3%	CHF 27.01	CHF 16.11	n/a	11
Sep ’25	CHF 17.94	CHF 22.43 +25.0%	13.3%	CHF 27.01	CHF 16.11	n/a	11
Aug ’25	CHF 18.45	CHF 21.94 +18.9%	14.0%	CHF 26.60	CHF 15.86	n/a	11
Jul ’25	CHF 16.66	CHF 22.62 +35.8%	16.0%	CHF 27.91	CHF 15.57	n/a	12
Jun ’25	CHF 18.73	CHF 23.40 +24.9%	15.8%	CHF 28.68	CHF 16.00	n/a	12
May ’25	CHF 18.40	CHF 23.50 +27.7%	15.5%	CHF 28.46	CHF 15.82	n/a	12
Apr ’25	CHF 20.00	CHF 23.16 +15.8%	15.2%	CHF 27.81	CHF 16.09	n/a	12
Mar ’25	CHF 17.89	CHF 23.52 +31.4%	15.1%	CHF 27.76	CHF 16.07	n/a	12
Feb ’25	CHF 17.94	CHF 24.17 +34.7%	14.2%	CHF 27.99	CHF 17.55	n/a	12
Jan ’25	CHF 19.35	CHF 24.32 +25.7%	14.9%	CHF 27.99	CHF 17.63	n/a	12
Dec ’24	CHF 20.36	CHF 25.27 +24.1%	14.1%	CHF 28.53	CHF 18.01	n/a	11
Nov ’24	CHF 19.81	CHF 25.51 +28.8%	13.1%	CHF 28.30	CHF 18.89	n/a	11
Oct ’24	CHF 22.64	CHF 26.48 +17.0%	13.9%	CHF 30.32	CHF 19.09	n/a	11
Sep ’24	CHF 23.32	CHF 26.16 +12.2%	13.7%	CHF 30.04	CHF 18.87	CHF 17.94	12
Aug ’24	CHF 23.30	CHF 27.41 +17.6%	11.1%	CHF 31.86	CHF 18.95	CHF 18.45	12
Jul ’24	CHF 24.68	CHF 28.40 +15.1%	5.8%	CHF 32.02	CHF 26.09	CHF 16.66	11
Jun ’24	CHF 25.10	CHF 27.97 +11.4%	6.4%	CHF 31.72	CHF 25.56	CHF 18.73	11
May ’24	CHF 23.84	CHF 25.82 +8.3%	11.3%	CHF 29.97	CHF 18.56	CHF 18.40	12
Apr ’24	CHF 23.52	CHF 25.71 +9.3%	11.2%	CHF 29.85	CHF 18.85	CHF 20.00	12
Mar ’24	CHF 22.68	CHF 25.58 +12.8%	11.5%	CHF 30.38	CHF 19.00	CHF 17.89	12
Feb ’24	CHF 22.64	CHF 25.23 +11.4%	12.9%	CHF 30.28	CHF 17.16	CHF 17.94	12
Jan ’24	CHF 20.20	CHF 24.81 +22.8%	14.0%	CHF 29.88	CHF 16.93	CHF 19.35	11
Dec ’23	CHF 21.00	CHF 24.53 +16.8%	13.9%	CHF 29.84	CHF 16.91	CHF 20.36	12
Nov ’23	CHF 19.17	CHF 25.05 +30.7%	13.4%	CHF 29.97	CHF 16.96	CHF 19.81	12
Oct ’23	CHF 20.18	CHF 25.67 +27.2%	11.4%	CHF 29.17	CHF 18.06	CHF 22.64	11
Sep ’23	CHF 23.16	CHF 26.33 +13.7%	11.4%	CHF 29.95	CHF 18.53	CHF 23.32	11

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.