Merkur PrivatBank KgaA Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: MBK (€14.6) is trading above our estimate of fair value (€11.47)

Significantly Below Fair Value: MBK is trading above our estimate of fair value.


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MBK. This is calculated by dividing MBK's market cap by their current earnings.
What is MBK's PE Ratio?
PE Ratio10.6x
Earnings€10.72m
Market Cap€113.57m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MBK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10x
PCZ ProCredit Holding
4.4x12.2%€457.1m
CBK Commerzbank
8.1x8.8%€17.3b
IFIC IFIC Bank
6xn/a৳14.4b
ACC-EQO Access Bank Botswana
21.6xn/aP1.5b
MBK Merkur PrivatBank KgaA
10.6x8.6%€113.6m

Price-To-Earnings vs Peers: MBK is expensive based on its Price-To-Earnings Ratio (10.6x) compared to the peer average (10x).


Price to Earnings Ratio vs Industry

How does MBK's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MBK 10.6xIndustry Avg. 7.3xNo. of Companies45PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MBK is expensive based on its Price-To-Earnings Ratio (10.6x) compared to the European Banks industry average (7.3x).


Price to Earnings Ratio vs Fair Ratio

What is MBK'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.

MBK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.6x
Fair PE Ratio8.1x

Price-To-Earnings vs Fair Ratio: MBK is expensive based on its Price-To-Earnings Ratio (10.6x) compared to the estimated Fair Price-To-Earnings Ratio (8.1x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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