Galliford Try Holdings plc

DB:3WC Stock Report

Market Cap: €442.4m

Galliford Try Holdings Valuation

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

Below Fair Value: 3WC (€4.54) is trading below our estimate of fair value (€8.38)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for 3WC. This is calculated by dividing 3WC's market cap by their current earnings.
What is 3WC's PE Ratio?
PE Ratio10.2x
EarningsUK£36.20m
Market CapUK£369.08m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 3WC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average62.3x
B5A0 BAUER
31.7x38.2%€173.0m
NCH2 thyssenkrupp nucera KGaA
189x55.9%€1.1b
HOT HOCHTIEF
12.1x2.5%€8.8b
MUB Mühlbauer Holding
16.3xn/a€522.3m
3WC Galliford Try Holdings
10.2x1.8%€369.1m

Price-To-Earnings vs Peers: 3WC is good value based on its Price-To-Earnings Ratio (10.2x) compared to the peer average (62.3x).


Price to Earnings Ratio vs Industry

How does 3WC's PE Ratio compare vs other companies in the European Construction Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
3WC 10.2xIndustry Avg. 12.9xNo. of Companies19PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3WC is good value based on its Price-To-Earnings Ratio (10.2x) compared to the European Construction industry average (12.9x).


Price to Earnings Ratio vs Fair Ratio

What is 3WC'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.

3WC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.2x
Fair PE Ratio10x

Price-To-Earnings vs Fair Ratio: 3WC is expensive based on its Price-To-Earnings Ratio (10.2x) compared to the estimated Fair Price-To-Earnings Ratio (10x).


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 3WC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€4.54
€4.58
+0.9%
14.7%€5.29€3.51n/a4
Nov ’25€4.60
€4.58
-0.4%
14.7%€5.29€3.51n/a4
Oct ’25€3.70
€4.39
+18.6%
13.9%€4.96€3.49n/a4
Sep ’25€3.46
€4.39
+26.8%
13.9%€4.96€3.49n/a4
Aug ’25€3.62
€4.39
+21.2%
13.9%€4.96€3.49n/a4
Jul ’25€2.78
€3.95
+41.9%
8.8%€4.25€3.46n/a3
Jun ’25€3.06
€4.03
+31.8%
8.7%€4.35€3.44n/a4
May ’25€2.86
€3.77
+31.7%
9.4%€4.33€3.43n/a4
Apr ’25€2.80
€3.77
+34.8%
9.4%€4.33€3.43n/a4
Mar ’25€2.81
€3.68
+31.2%
10.0%€4.31€3.42n/a4
Feb ’25€2.87
€3.68
+28.3%
10.0%€4.31€3.42n/a4
Jan ’25€2.58
€3.37
+30.7%
4.9%€3.55€3.15n/a4
Dec ’24€2.54
€3.26
+28.5%
4.0%€3.43€3.09n/a4
Nov ’24€2.50
€3.29
+31.8%
4.0%€3.46€3.11€4.604
Oct ’24€2.71
€3.29
+21.6%
4.0%€3.46€3.11€3.704
Sep ’24€2.27
€3.22
+42.1%
22.5%€4.70€2.61€3.466
Aug ’24€2.30
€3.22
+40.2%
22.5%€4.70€2.61€3.626
Jul ’24€2.22
€2.79
+25.8%
10.9%€3.27€2.49€2.785
Jun ’24€2.09
€2.79
+33.9%
10.9%€3.27€2.49€3.065
May ’24€1.97
€2.79
+41.5%
10.9%€3.27€2.49€2.865
Apr ’24€1.99
€2.79
+40.3%
10.9%€3.27€2.49€2.805
Mar ’24€1.97
€2.75
+39.4%
15.9%€3.33€2.06€2.815
Feb ’24€1.92
€2.75
+43.0%
15.9%€3.33€2.06€2.875
Jan ’24€1.72
€2.77
+61.1%
14.5%€3.33€2.17€2.585
Dec ’23€1.81
€2.77
+53.1%
14.5%€3.33€2.17€2.545
Nov ’23€1.90
€2.77
+45.8%
14.5%€3.33€2.17€2.505

Analyst Forecast: Target price is less than 20% higher than the current share price.


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