Vestjysk Bank Valuation

Is 24V undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 24V when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 24V (€0.52) is trading below our estimate of fair value (€1.89)

Significantly Below Fair Value: 24V is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 24V?

Key metric: As 24V is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 24V. This is calculated by dividing 24V's market cap by their current earnings.
What is 24V's PE Ratio?
PE Ratio4.8x
EarningsDKK 1.06b
Market CapDKK 5.07b

Price to Earnings Ratio vs Peers

How does 24V's PE Ratio compare to its peers?

The above table shows the PE ratio for 24V vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7.1x
PCZ ProCredit Holding
4.2x9.9%€450.0m
MBK Merkur PrivatBank KgaA
10x8.6%€107.3m
AUB Asia United Bank
4.2xn/a₱45.4b
OSBC Old Second Bancorp
9.9x-1.1%US$830.2m
24V Vestjysk Bank
4.8xn/a€5.1b

Price-To-Earnings vs Peers: 24V is good value based on its Price-To-Earnings Ratio (4.8x) compared to the peer average (7.1x).


Price to Earnings Ratio vs Industry

How does 24V's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
24V 4.8xIndustry Avg. 7.4xNo. of Companies46PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 24V is good value based on its Price-To-Earnings Ratio (4.8x) compared to the European Banks industry average (7.4x).


Price to Earnings Ratio vs Fair Ratio

What is 24V'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.

24V PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 24V's Price-To-Earnings Fair Ratio for valuation analysis.


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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