Intron Technology Holdings Limited

DB:B46 Stock Report

Market Cap: €167.5m

Intron Technology Holdings Valuation

Is B46 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 B46 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: B46 (€0.13) is trading below our estimate of fair value (€0.84)

Significantly Below Fair Value: B46 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for B46?

Key metric: As B46 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for B46. This is calculated by dividing B46's market cap by their current earnings.
What is B46's PE Ratio?
PE Ratio4.9x
EarningsCN¥260.62m
Market CapCN¥1.28b

Price to Earnings Ratio vs Peers

How does B46's PE Ratio compare to its peers?

The above table shows the PE ratio for B46 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7.9x
ED4 EDAG Engineering Group
9.2x18.8%€193.0m
NVM Novem Group
8.3x17.2%€232.4m
PWO PWO
6.5x10.6%€83.1m
SFQ SAF-Holland
7.7x14.3%€597.4m
B46 Intron Technology Holdings
4.9x15.7%€1.4b

Price-To-Earnings vs Peers: B46 is good value based on its Price-To-Earnings Ratio (4.9x) compared to the peer average (7.9x).


Price to Earnings Ratio vs Industry

How does B46's PE Ratio compare vs other companies in the European Auto Components Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
B46 4.9xIndustry Avg. 9.3xNo. of Companies8PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: B46 is good value based on its Price-To-Earnings Ratio (4.9x) compared to the European Auto Components industry average (9.4x).


Price to Earnings Ratio vs Fair Ratio

What is B46'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.

B46 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.9x
Fair PE Ratio9.4x

Price-To-Earnings vs Fair Ratio: B46 is good value based on its Price-To-Earnings Ratio (4.9x) compared to the estimated Fair Price-To-Earnings Ratio (9.4x).


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 B46 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.13
€0.28
+115.7%
23.5%€0.39€0.23n/a4
Nov ’25€0.12
€0.28
+137.5%
23.5%€0.39€0.23n/a4
Oct ’25€0.16
€0.28
+75.5%
23.5%€0.39€0.23n/a4
Sep ’25€0.13
€0.31
+143.8%
19.3%€0.39€0.24n/a4
Aug ’25n/a
€0.46
0%
32.8%€0.65€0.29n/a4
Jul ’25€0.14
€0.51
+257.4%
25.8%€0.66€0.34n/a3
Jun ’25€0.20
€0.51
+152.3%
25.8%€0.66€0.34n/a3
May ’25€0.22
€0.51
+138.3%
25.8%€0.66€0.34n/a3
Apr ’25€0.23
€0.51
+120.7%
22.5%€0.65€0.34n/a4
Mar ’25€0.26
€0.69
+162.5%
16.6%€0.78€0.49n/a4
Feb ’25€0.23
€0.69
+193.9%
16.6%€0.78€0.49n/a4
Jan ’25n/a
€0.69
0%
16.8%€0.79€0.49n/a4
Dec ’24n/a
€0.69
0%
16.8%€0.79€0.49n/a4
Nov ’24€0.33
€0.69
+112.4%
16.8%€0.79€0.49€0.124
Oct ’24€0.39
€0.69
+79.4%
16.8%€0.79€0.49€0.164
Sep ’24€0.39
€0.75
+93.2%
3.7%€0.78€0.72€0.133
Aug ’24€0.60
€0.87
+45.5%
2.2%€0.90€0.85n/a3
Jul ’24€0.53
€0.88
+66.8%
2.1%€0.91€0.86€0.143
Jun ’24€0.52
€0.92
+78.5%
2.6%€0.94€0.90€0.202
May ’24€0.58
€0.92
+58.5%
2.6%€0.94€0.90€0.222
Apr ’24€0.63
€0.95
+51.5%
0.9%€0.96€0.95€0.232
Mar ’24€0.59
€0.99
+66.9%
3.4%€1.03€0.96€0.262
Feb ’24€0.63
€0.99
+58.8%
3.4%€1.03€0.96€0.232
Jan ’24€0.47
€0.99
+111.2%
3.4%€1.03€0.96n/a2
Dec ’23€0.53
€0.99
+87.3%
3.4%€1.03€0.96n/a2
Nov ’23€0.43
€0.99
+128.8%
3.4%€1.03€0.96€0.332

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.


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