VAT Group Valuation

Is 19V0 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

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 19V0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 19V0 (€34.4) is trading below our estimate of fair value (€51.84)

Significantly Below Fair Value: 19V0 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 19V0?

Key metric: As 19V0 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 19V0. This is calculated by dividing 19V0's market cap by their current earnings.
What is 19V0's PE Ratio?
PE Ratio	51.4x
Earnings	CHF 200.11m
Market Cap	CHF 10.29b

19V0 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	11.9x
Enterprise Value/EBITDA	42.6x
PEG Ratio	2.4x

Price to Earnings Ratio vs Peers

How does 19V0's PE Ratio compare to its peers?

The above table shows the PE ratio for 19V0 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	24.4x
RAA RATIONAL	42.3x	6.9%	€10.0b
G1A GEA Group	18.6x	8.3%	€7.6b
GIL DMG MORI	22.1x	n/a	€3.6b
KRN Krones	14.6x	16.2%	€3.6b
19V0 VAT Group	51.4x	21.8%	€10.3b

Price-To-Earnings vs Peers: 19V0 is expensive based on its Price-To-Earnings Ratio (51.4x) compared to the peer average (24.4x).

Price to Earnings Ratio vs Industry

How does 19V0's PE Ratio compare vs other companies in the DE Machinery Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 19V0 is expensive based on its Price-To-Earnings Ratio (51.4x) compared to the German Machinery industry average (14.8x).

Price to Earnings Ratio vs Fair Ratio

What is 19V0'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.

19V0 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	51.4x
Fair PE Ratio	24.5x

Price-To-Earnings vs Fair Ratio: 19V0 is expensive based on its Price-To-Earnings Ratio (51.4x) compared to the estimated Fair Price-To-Earnings Ratio (24.5x).

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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