Manitou BF Valuation

Is 3MU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 3MU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3MU (€16.16) is trading below our estimate of fair value (€23.25)

Significantly Below Fair Value: 3MU is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3MU?

Key metric: As 3MU is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3MU. This is calculated by dividing 3MU's market cap by their current earnings.
What is 3MU's PE Ratio?
PE Ratio3.8x
Earnings€162.61m
Market Cap€613.79m

Price to Earnings Ratio vs Peers

How does 3MU's PE Ratio compare to its peers?

The above table shows the PE ratio for 3MU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.2x
JST JOST Werke
17x24.1%€619.8m
WAC Wacker Neuson
10.7x30.8%€866.5m
VOS Vossloh
13.9x10.6%€787.3m
DEZ DEUTZ
11.2x47.9%€556.4m
3MU Manitou BF
3.8x-15.6%€613.8m

Price-To-Earnings vs Peers: 3MU is good value based on its Price-To-Earnings Ratio (3.8x) compared to the peer average (13.2x).


Price to Earnings Ratio vs Industry

How does 3MU's PE Ratio compare vs other companies in the DE Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
3MU 3.8xIndustry Avg. 14.6xNo. of Companies6PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3MU is good value based on its Price-To-Earnings Ratio (3.8x) compared to the German Machinery industry average (14.3x).


Price to Earnings Ratio vs Fair Ratio

What is 3MU'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.

3MU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.8x
Fair PE Ratio7.2x

Price-To-Earnings vs Fair Ratio: 3MU is good value based on its Price-To-Earnings Ratio (3.8x) compared to the estimated Fair Price-To-Earnings Ratio (7.2x).


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 3MU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€16.16
€26.07
+61.3%
16.3%€35.20€22.00n/a6
Nov ’25€17.22
€26.40
+53.3%
16.0%€35.20€22.00n/a6
Oct ’25€18.54
€29.67
+60.0%
9.5%€35.20€26.00n/a6
Sep ’25€18.42
€29.67
+61.1%
9.5%€35.20€26.00n/a6
Aug ’25€21.35
€29.67
+39.0%
9.5%€35.20€26.00n/a6
Jul ’25€20.95
€30.00
+43.2%
9.0%€35.20€26.00n/a6
Jun ’25€27.30
€30.00
+9.9%
9.0%€35.20€26.00n/a6
May ’25€22.85
€30.00
+31.3%
9.0%€35.20€26.00n/a6
Apr ’25€25.30
€30.00
+18.6%
9.0%€35.20€26.00n/a6
Mar ’25€22.15
€29.08
+31.3%
12.4%€35.20€23.00n/a6
Feb ’25€20.55
€29.08
+41.5%
12.4%€35.20€23.00n/a6
Jan ’25€23.05
€30.67
+33.0%
14.8%€37.00€23.00n/a6
Dec ’24€21.20
€30.67
+44.7%
14.8%€37.00€23.00n/a6
Nov ’24€19.98
€30.67
+53.5%
14.8%€37.00€23.00€17.226
Oct ’24€22.10
€31.02
+40.3%
14.6%€37.00€23.00€18.546
Sep ’24€24.20
€30.85
+27.5%
14.9%€37.00€23.00€18.426
Aug ’24€26.10
€30.78
+17.9%
14.7%€37.00€23.00€21.356
Jul ’24€24.40
€29.45
+20.7%
14.5%€34.80€23.00€20.956
Jun ’24€21.45
€29.45
+37.3%
14.5%€34.80€23.00€27.306
May ’24€22.45
€29.78
+32.7%
15.1%€34.80€23.00€22.856
Apr ’24€21.65
€29.74
+37.4%
18.8%€34.80€20.00€25.305
Mar ’24€26.75
€29.38
+9.8%
19.0%€35.00€20.00€22.155
Feb ’24€26.95
€29.38
+9.0%
19.0%€35.00€20.00€20.555
Jan ’24€24.00
€24.24
+1.0%
17.3%€30.10€19.00€23.055
Dec ’23€22.00
€24.24
+10.2%
17.3%€30.10€19.00€21.205
Nov ’23€20.80
€24.36
+17.1%
17.9%€30.70€19.00€19.985

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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