Martinrea International Inc.

DB:03M Stock Report

Market Cap: €498.8m

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 (€6.6) is trading below our estimate of fair value (€18.27)

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 Ratio7.3x
EarningsCA$100.64m
Market CapCA$730.26m

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 Average8.1x
SFQ SAF-Holland
7.8x14.3%€603.7m
ED4 EDAG Engineering Group
9.1x18.8%€191.0m
NVM Novem Group
8.8x17.2%€249.6m
PWO PWO
6.8x10.6%€87.5m
03M Martinrea International
7.3x50.2%€730.3m

Price-To-Earnings vs Peers: 03M is good value based on its Price-To-Earnings Ratio (7.3x) compared to the peer average (8.1x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
03M 7.3xIndustry Avg. 9.1xNo. of Companies8PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 03M is good value based on its Price-To-Earnings Ratio (7.3x) compared to the European Auto Components industry average (9.1x).

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 Ratio7.3x
Fair PE Ratio15.1x

Price-To-Earnings vs Fair Ratio: 03M is good value based on its Price-To-Earnings Ratio (7.3x) 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€6.60
€10.97
+66.2%
16.7%€13.87€8.80n/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
€11.96
+54.4%
11.1%€14.26€9.95n/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€10.60n/a9
Dec ’24€8.10
€12.34
+52.4%
12.5%€14.41€9.89n/a9
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
Dec ’23€8.50
€10.64
+25.2%
20.3%€15.22€7.79€8.109
Nov ’23€6.60
€10.51
+59.3%
22.6%€15.21€7.42€7.759

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

Cooper-Standard Holdings

US$243.3m

Through its subsidiary, Cooper-Standard Automotive Inc., manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally.

C31

US$13.30

7D

-15.3%

1Y

-22.2%

Toyoda Gosei

JP¥324.3b

Manufactures and sells automotive parts, optoelectronic products, and general industry products.

11T

JP¥15.50

7D

2.0%

1Y

-12.4%

Forvia

€1.5b

Manufactures and sells automotive technology solutions in France, Germany, other European countries, the Americas, Asia, and internationally.

FAU

€7.73

7D

-12.5%

1Y

-53.1%