Flagstar Financial, Inc.

DB:QC10 Stock Report

Market Cap: €4.7b

Flagstar Financial Valuation

Is QC10 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of QC10 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€6.02
Fair Value
82.6% overvalued intrinsic discount
14
Number of Analysts

Below Fair Value: QC10 (€11) is trading above our estimate of fair value (€6.02)

Significantly Below Fair Value: QC10 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for QC10?

Key metric: As QC10 is an unprofitable bank we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for QC10. This is calculated by dividing QC10's market cap by their current book value.
What is QC10's PB Ratio?
PB Ratio0.7x
BookUS$7.65b
Market CapUS$5.24b

Price to Book Ratio vs Peers

How does QC10's PB Ratio compare to its peers?

The above table shows the PB ratio for QC10 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average0.7x
CBK Commerzbank
0.9x10.77%€30.2b
PCZ ProCredit Holding
0.6x18.06%€600.8m
3698 Huishang Bank
0.3x8.94%HK$43.1b
OZK Bank OZK
1x3.79%US$5.3b
QC10 Flagstar Financial
0.7x116.58%€5.2b

Price-To-Book vs Peers: QC10 is expensive based on its Price-To-Book Ratio (0.7x) compared to the peer average (0.7x).

Price to Book Ratio vs Industry

How does QC10's PB Ratio compare vs other companies in the European Banks Industry?

5 CompaniesPrice / BookEstimated GrowthMarket Cap
QC10 0.7xIndustry Avg. 0.9xNo. of Companies31PB00.61.21.82.43+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: QC10 is good value based on its Price-To-Book Ratio (0.7x) compared to the European Banks industry average (0.9x).

Price to Book Ratio vs Fair Ratio

What is QC10's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

QC10 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.7x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate QC10's Price-To-Book 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?

The above table shows the analyst QC10 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€11.00
€12.01
+9.19%
5.77%€13.79€11.12n/a14
May ’26€10.40
€11.68
+12.35%
8.86%€13.29€9.30n/a13
Apr ’26€10.60
€12.26
+15.71%
9.16%€13.67€9.73n/a14
Mar ’26€11.30
€12.41
+9.85%
9.50%€14.03€9.98n/a14
Feb ’26€10.50
€12.11
+15.34%
9.29%€13.99€10.13n/a14
Jan ’26€8.60
€11.71
+36.13%
6.80%€12.97€10.09n/a15
Dec ’25€11.20
€11.50
+2.67%
7.21%€13.22€9.91n/a14
Nov ’25€9.20
€11.15
+21.18%
7.01%€12.89€9.67n/a14
Oct ’25€10.00
€10.97
+9.70%
8.75%€12.57€9.43n/a14
Sep ’25n/a
€10.57
0%
9.07%€12.55€8.97n/a14
Aug ’25n/a
€11.33
0%
15.35%€16.65€9.25n/a14
Jul ’25€9.00
€13.30
+47.80%
55.56%€39.21€9.80n/a14
Jun ’25€8.95
€13.52
+51.05%
52.22%€38.63€9.66n/a15
May ’25€7.42
€13.85
+86.63%
50.27%€39.28€9.82€10.4016
Apr ’25€9.12
€14.10
+54.61%
47.00%€38.80€8.31€10.6017
Mar ’25€9.98
€18.28
+83.25%
36.57%€38.76€9.69€11.3017
Feb ’25€16.35
€26.18
+60.10%
25.77%€41.40€16.56€10.5016
Jan ’25€28.35
€34.01
+19.96%
15.18%€43.58€21.79€8.6017
Dec ’24€25.74
€35.41
+37.58%
13.96%€44.14€22.07€11.2017
Nov ’24€26.76
€37.11
+38.69%
10.32%€45.42€31.23€9.2017
Oct ’24€31.92
€41.98
+31.52%
10.04%€48.24€34.05€10.0017
Sep ’24€33.90
€42.43
+25.15%
8.29%€47.01€33.18n/a16
Aug ’24€37.68
€41.74
+10.78%
7.93%€46.44€32.78n/a16
Jul ’24€30.66
€33.60
+9.58%
8.37%€38.64€27.60€9.0016
Jun ’24€28.98
€32.79
+13.15%
7.44%€35.92€27.63€8.9517
May ’24€26.91
€31.49
+17.01%
10.44%€35.55€24.61€7.4217
AnalystConsensusTarget
Consensus Narrative from 14 Analysts
€11.90
Fair Value
7.6% undervalued intrinsic discount
14
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/19 21:04
End of Day Share Price 2025/05/16 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Flagstar Financial, Inc. is covered by 40 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Bruce HartingBarclays
Jared David ShawBarclays
Leanne CaravaggioBMO Capital Markets Equity Research