Martinrea International Inc.

DB:03M Stock Report

Market Cap: €451.6m

Martinrea International Valuation

Is 03M 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-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 03M when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 03M (€5.95) is trading below our estimate of fair value (€18.9)

Significantly Below Fair Value: 03M is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 03M?

Key metric: As 03M is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 03M. This is calculated by dividing 03M's market cap by their current earnings.
What is 03M's PE Ratio?
PE Ratio6.6x
EarningsCA$100.64m
Market CapCA$667.37m

Price to Earnings Ratio vs Peers

How does 03M's PE Ratio compare to its peers?

The above table shows the PE ratio for 03M vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8x
SFQ SAF-Holland
8.7x14.2%€675.5m
NVM Novem Group
7.8x17.2%€218.6m
ED4 EDAG Engineering Group
8.2x18.8%€172.5m
PWO PWO
7.1x10.6%€91.3m
03M Martinrea International
6.6x50.2%€667.4m

Price-To-Earnings vs Peers: 03M is good value based on its Price-To-Earnings Ratio (6.6x) compared to the peer average (8x).

Price to Earnings Ratio vs Industry

How does 03M's PE Ratio compare vs other companies in the European Auto Components Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
03M 6.6xIndustry Avg. 9.6xNo. of Companies8PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 03M is good value based on its Price-To-Earnings Ratio (6.6x) compared to the European Auto Components industry average (9.5x).

Price to Earnings Ratio vs Fair Ratio

What is 03M'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.

03M PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.6x
Fair PE Ratio15.1x

Price-To-Earnings vs Fair Ratio: 03M is good value based on its Price-To-Earnings Ratio (6.6x) compared to the estimated Fair Price-To-Earnings Ratio (15.1x).

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 03M forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.95
€10.63
+78.6%
21.1%€13.69€7.35n/a6
Dec ’25€6.60
€10.93
+65.6%
16.7%€13.82€8.76n/a7
Nov ’25€6.80
€11.86
+74.3%
11.0%€14.25€9.94n/a7
Oct ’25€7.60
€11.86
+56.0%
11.0%€14.25€9.94n/a7
Sep ’25€7.75
€12.01
+55.0%
11.1%€14.32€9.99n/a7
Aug ’25€7.60
€12.23
+61.0%
9.1%€14.36€10.68n/a7
Jul ’25€7.80
€11.99
+53.7%
11.2%€14.44€9.74n/a8
Jun ’25€7.85
€12.02
+53.1%
11.2%€14.48€9.76n/a8
May ’25€7.85
€12.11
+54.2%
10.3%€14.66€10.23n/a8
Apr ’25€8.25
€12.05
+46.1%
10.3%€14.60€10.18n/a8
Mar ’25€9.40
€12.14
+29.1%
9.8%€14.63€10.21n/a9
Feb ’25€9.50
€13.31
+40.1%
7.8%€14.80€11.70n/a9
Jan ’25€9.75
€13.00
+33.3%
10.2%€14.71€10.60€5.959
Dec ’24€8.10
€12.34
+52.4%
12.5%€14.41€9.89€6.609
Nov ’24€7.75
€13.07
+68.6%
14.6%€16.44€10.10€6.809
Oct ’24€8.65
€13.07
+51.1%
13.4%€16.32€10.88€7.609
Sep ’24€9.30
€13.07
+40.6%
13.4%€16.32€10.88€7.759
Aug ’24€10.10
€13.13
+30.0%
12.6%€16.27€10.84€7.608
Jul ’24€9.05
€13.13
+45.1%
12.6%€16.27€10.84€7.808
Jun ’24€7.80
€13.13
+68.4%
12.6%€16.27€10.84€7.858
May ’24€9.45
€12.95
+37.1%
12.1%€16.05€10.70€7.858
Apr ’24€9.65
€13.22
+37.0%
12.1%€16.37€10.91€8.258
Mar ’24€9.65
€11.05
+14.6%
12.4%€14.11€8.95€9.408
Feb ’24€8.85
€10.83
+22.4%
14.0%€14.04€8.91€9.508
Jan ’24€7.75
€10.30
+32.9%
18.0%€14.18€7.26€9.759

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 10:22
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Martinrea International Inc. is covered by 15 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tamy ChenBMO Capital Markets Equity Research
David TyermanCanaccord Genuity
Krista FriesenCIBC Capital Markets