Deceuninck Valuation

Is 1Z4 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 1Z4 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1Z4 (€2.36) is trading below our estimate of fair value (€6.84)

Significantly Below Fair Value: 1Z4 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1Z4?

Key metric: As 1Z4 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 1Z4. This is calculated by dividing 1Z4's market cap by their current revenue.
What is 1Z4's PS Ratio?
PS Ratio0.4x
Sales€860.45m
Market Cap€330.07m

Price to Sales Ratio vs Peers

How does 1Z4's PS Ratio compare to its peers?

The above table shows the PS ratio for 1Z4 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.9x
ST5 STEICO
0.7x9.6%€270.7m
VIB3 Villeroy & Boch
0.3x10.8%€413.8m
FDD Pilkington Deutschland
1.9xn/a€769.8m
WUG Westag
0.6xn/a€117.0m
1Z4 Deceuninck
0.4x2.9%€330.1m

Price-To-Sales vs Peers: 1Z4 is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.9x).


Price to Sales Ratio vs Industry

How does 1Z4's PS Ratio compare vs other companies in the European Building Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
1Z4 0.4xIndustry Avg. 0.8xNo. of Companies13PS00.61.21.82.43+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 1Z4 is good value based on its Price-To-Sales Ratio (0.4x) compared to the European Building industry average (0.8x).


Price to Sales Ratio vs Fair Ratio

What is 1Z4's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1Z4 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ratio0.3x

Price-To-Sales vs Fair Ratio: 1Z4 is expensive based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).


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 1Z4 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€2.36
€3.60
+52.9%
21.6%€4.20€2.50n/a3
Nov ’25€2.28
€3.60
+58.2%
21.6%€4.20€2.50n/a3
Oct ’25€2.59
€3.60
+39.3%
21.6%€4.20€2.50n/a3
Sep ’25€2.31
€3.60
+56.2%
21.6%€4.20€2.50n/a3
Aug ’25€2.42
€3.60
+48.8%
21.6%€4.20€2.50n/a3
Jul ’25€2.36
€3.60
+52.9%
21.6%€4.20€2.50n/a3
Jun ’25€2.53
€3.57
+41.3%
21.3%€4.20€2.50n/a3
May ’25€2.52
€3.57
+41.5%
21.3%€4.20€2.50n/a3
Apr ’25€2.20
€3.57
+62.5%
21.3%€4.20€2.50n/a3
Mar ’25€2.21
€3.57
+61.8%
21.3%€4.20€2.50n/a3
Feb ’25€2.21
€3.57
+61.4%
21.3%€4.20€2.50n/a3
Jan ’25€2.25
€3.57
+58.5%
21.3%€4.20€2.50n/a3
Dec ’24€2.23
€3.70
+66.3%
15.4%€4.20€2.90n/a3
Nov ’24€2.23
€3.70
+66.3%
15.4%€4.20€2.90€2.283
Oct ’24€2.09
€3.70
+77.0%
15.4%€4.20€2.90€2.593
Sep ’24€2.25
€3.70
+64.4%
15.4%€4.20€2.90€2.313
Aug ’24€2.26
€3.40
+50.8%
14.7%€3.90€2.90€2.422
Jul ’24€2.26
€3.40
+50.4%
14.7%€3.90€2.90€2.362
Jun ’24€2.41
€3.40
+41.1%
14.7%€3.90€2.90€2.532

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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