Grammer AG

XTRA:GMM Stock Report

Market Cap: €80.5m

Grammer Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: GMM (€5.4) is trading below our estimate of fair value (€140.44)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for GMM. This is calculated by dividing GMM's market cap by their current revenue.
What is GMM's PS Ratio?
PS Ratio0.04x
Sales€2.24b
Market Cap€80.50m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for GMM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.2x
PWO PWO
0.2x2.4%€87.5m
SW10 SHW
0.1xn/a€70.8m
ED4 EDAG Engineering Group
0.2x2.7%€191.0m
ZIL2 ElringKlinger
0.1x2.1%€253.4m
GMM Grammer
0.04x4.2%€80.5m

Price-To-Sales vs Peers: GMM is good value based on its Price-To-Sales Ratio (0x) compared to the peer average (0.2x).

Price to Sales Ratio vs Industry

How does GMM's PS Ratio compare vs other companies in the European Auto Components Industry?

8 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.0.3x5.8%
GMM Grammer
 0.04x4.2%US$84.38m
GMM 0.0xIndustry Avg. 0.3xNo. of Companies15PS00.40.81.21.62+
8 CompaniesEstimated GrowthMarket Cap
Industry Avg.0.3x29.0%
GMM Grammer
 0.04x93.6%US$84.38m
No more companies

Price-To-Sales vs Industry: GMM is good value based on its Price-To-Sales Ratio (0x) compared to the European Auto Components industry average (0.3x).

Price to Sales Ratio vs Fair Ratio

What is GMM'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.

GMM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.04x
Fair PS Ratio0.08x

Price-To-Sales vs Fair Ratio: GMM is good value based on its Price-To-Sales Ratio (0x) compared to the estimated Fair Price-To-Sales Ratio (0.1x).

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 GMM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.40
€12.85
+138.0%
6.6%€13.70€12.00n/a2
Nov ’25€6.80
€12.85
+89.0%
6.6%€13.70€12.00n/a2
Oct ’25€7.40
€12.85
+73.6%
6.6%€13.70€12.00n/a2
Sep ’25€7.15
€12.85
+79.7%
6.6%€13.70€12.00n/a2
Aug ’25€8.00
€12.85
+60.6%
6.6%€13.70€12.00n/a2
Jul ’25€8.85
€12.85
+45.2%
6.6%€13.70€12.00n/a2
Jun ’25€10.10
€12.85
+27.2%
6.6%€13.70€12.00n/a2
May ’25€10.90
€12.85
+17.9%
6.6%€13.70€12.00n/a2
Sep ’24€13.70
€16.65
+21.5%
9.9%€18.30€15.00€7.152
Aug ’24€14.30
€16.65
+16.4%
9.9%€18.30€15.00€8.002
Jul ’24€12.70
€16.65
+31.1%
9.9%€18.30€15.00€8.852
Jun ’24€13.00
€16.65
+28.1%
9.9%€18.30€15.00€10.102
May ’24€17.10
€16.65
-2.6%
9.9%€18.30€15.00€10.902
Apr ’24€14.40
€16.65
+15.6%
9.9%€18.30€15.00€10.602
Mar ’24€13.85
€20.50
+48.0%
26.8%€26.00€15.00€8.902
Feb ’24€12.50
€19.50
+56.0%
33.3%€26.00€13.00€10.002
Jan ’24€10.55
€19.50
+84.8%
33.3%€26.00€13.00€10.902
Dec ’23€10.40
€19.50
+87.5%
33.3%€26.00€13.00€12.002
Nov ’23€11.40
€19.50
+71.1%
33.3%€26.00€13.00€11.202

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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