Nu Holdings Ltd.

MUN:M1Z Stock Report

Market Cap: €47.8b

Nu Holdings Valuation

Is M1Z 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-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 M1Z when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: M1Z (€9.94) is trading below our estimate of fair value (€11.67)

Significantly Below Fair Value: M1Z is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for M1Z?

Key metric: As M1Z is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for M1Z. This is calculated by dividing M1Z's market cap by their current earnings.
What is M1Z's PE Ratio?
PE Ratio27.9x
EarningsUS$1.78b
Market CapUS$49.80b

Price to Earnings Ratio vs Peers

How does M1Z's PE Ratio compare to its peers?

The above table shows the PE ratio for M1Z vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.5x
CBK Commerzbank
8.6x8.9%€18.4b
PCZ ProCredit Holding
4.4x12.2%€459.4m
FCNC.A First Citizens BancShares
11.8x-8.7%US$29.7b
QNBTR QNB Bank
25.2xn/a₺902.8b
M1Z Nu Holdings
27.9x28.6%€49.8b

Price-To-Earnings vs Peers: M1Z is expensive based on its Price-To-Earnings Ratio (27.9x) compared to the peer average (12.5x).

Price to Earnings Ratio vs Industry

How does M1Z's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
M1Z 27.9xIndustry Avg. 7.6xNo. of Companies42PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: M1Z is expensive based on its Price-To-Earnings Ratio (27.9x) compared to the European Banks industry average (7.6x).

Price to Earnings Ratio vs Fair Ratio

What is M1Z'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.

M1Z PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.9x
Fair PE Ratio17.3x

Price-To-Earnings vs Fair Ratio: M1Z is expensive based on its Price-To-Earnings Ratio (27.9x) compared to the estimated Fair Price-To-Earnings Ratio (17.3x).

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 M1Z forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€9.94
€14.89
+49.8%
17.0%€18.11€8.63n/a20
Dec ’25€11.97
€15.19
+26.9%
16.2%€18.14€7.64n/a20
Nov ’25€13.36
€13.90
+4.0%
15.1%€17.09€7.39n/a20
Oct ’25€12.40
€13.36
+7.7%
15.5%€16.55€7.16n/a20
Sep ’25€12.91
€12.96
+0.4%
16.5%€16.29€7.24n/a19
Aug ’25€10.71
€12.56
+17.3%
14.9%€15.62€7.35n/a19
Jul ’25€11.65
€12.19
+4.6%
15.6%€14.98€7.49n/a19
Jun ’25n/a
€11.48
0%
16.9%€14.74€7.37n/a17
May ’25€10.09
€11.77
+16.6%
13.9%€15.02€7.98n/a17
Apr ’25€11.11
€11.07
-0.4%
18.7%€14.90€5.59n/a17
Mar ’25€10.28
€10.62
+3.4%
19.3%€14.76€5.54n/a17
Feb ’25€8.24
€9.66
+17.2%
19.2%€14.72€5.52n/a17
Jan ’25€7.52
€9.34
+24.3%
20.2%€14.86€5.57n/a17
Dec ’24€7.39
€9.11
+23.3%
20.4%€14.58€5.47€11.9717
Nov ’24€7.55
€8.97
+18.8%
25.0%€15.07€3.77€13.3617
Oct ’24€6.98
€8.06
+15.4%
23.3%€10.41€3.78€12.4016
Sep ’24€6.57
€7.76
+18.1%
23.9%€10.14€3.69€12.9116
Aug ’24€7.14
€7.44
+4.2%
27.8%€11.22€3.62€10.7117
Jul ’24€7.21
€7.36
+2.1%
27.7%€11.37€3.67€11.6517
Jun ’24€6.46
€7.04
+9.1%
32.5%€11.47€2.77n/a17
May ’24€4.48
€6.40
+42.8%
35.2%€11.39€2.73€10.0918
Apr ’24n/a
€6.60
0%
34.1%€11.76€2.82€11.1118
Mar ’24n/a
€6.62
0%
34.7%€11.72€2.81€10.2818
Feb ’24€4.22
€6.21
+47.1%
40.7%€11.41€2.76€8.2418
Jan ’24€3.76
€6.49
+72.5%
38.5%€11.61€2.81€7.5218
Dec ’23€4.12
€6.73
+63.4%
37.8%€11.91€3.17€7.3919

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 00:45
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Nu Holdings Ltd. is covered by 27 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John CoffeyBarclays
Rafael ReisBB Banco de Investimento S.A.
Mario Lucio PierryBofA Global Research