Bank für Tirol und Vorarlberg AG

DB:ZTY Stock Report

Market Cap: €2.1b

Bank für Tirol und Vorarlberg Valuation

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

Below Fair Value: ZTY (€47.6) is trading above our estimate of fair value (€36.73)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ZTY. This is calculated by dividing ZTY's market cap by their current earnings.
What is ZTY's PE Ratio?
PE Ratio9.7x
Earnings€212.47m
Market Cap€2.06b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ZTY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.9x
PCZ ProCredit Holding
4.4x9.9%€471.2m
CBK Commerzbank
8.1x8.8%€17.3b
MBK Merkur PrivatBank KgaA
10x8.6%€107.3m
ABK Al Ahli Bank of Kuwait K.S.C.P
13x11.4%د.ك666.3m
ZTY Bank für Tirol und Vorarlberg
9.7xn/a€2.1b

Price-To-Earnings vs Peers: ZTY is expensive based on its Price-To-Earnings Ratio (9.7x) compared to the peer average (8.9x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ZTY 9.7xIndustry Avg. 7.4xNo. of Companies47PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ZTY is expensive based on its Price-To-Earnings Ratio (9.7x) compared to the European Banks industry average (7.4x).

Price to Earnings Ratio vs Fair Ratio

What is ZTY'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.

ZTY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ZTY'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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