Alta Equipment Group Inc.

DB:4ZL Stock Report

Market Cap: €252.6m

Alta Equipment Group Valuation

Is 4ZL 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-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 4ZL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4ZL (€3.64) is trading below our estimate of fair value (€19.83)

Significantly Below Fair Value: 4ZL is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4ZL?

Key metric: As 4ZL is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 4ZL. This is calculated by dividing 4ZL's market cap by their current revenue.
What is 4ZL's PS Ratio?
PS Ratio0.1x
SalesUS$1.90b
Market CapUS$263.06m

Price to Sales Ratio vs Peers

How does 4ZL's PS Ratio compare to its peers?

The above table shows the PS ratio for 4ZL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.8x
BYW BayWa
0.03x9.5%€350.0m
KCO Klöckner & Co
0.07x4.8%€471.3m
WOLF Meta Wolf
3.1xn/a€91.7m
HMU HMS Bergbau
0.1x2.0%€129.0m
4ZL Alta Equipment Group
0.1x2.4%€263.1m

Price-To-Sales vs Peers: 4ZL is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.8x).

Price to Sales Ratio vs Industry

How does 4ZL's PS Ratio compare vs other companies in the European Trade Distributors Industry?

19 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.0.5x3.8%
4ZL Alta Equipment Group
 0.1x2.4%US$263.06m
4ZL 0.1xIndustry Avg. 0.5xNo. of Companies18PS00.61.21.82.43+
19 CompaniesEstimated GrowthMarket Cap
Industry Avg.0.5x10.8%
4ZL Alta Equipment Group
 0.1x48.0%US$263.06m
No more companies

Price-To-Sales vs Industry: 4ZL is good value based on its Price-To-Sales Ratio (0.1x) compared to the European Trade Distributors industry average (0.5x).

Price to Sales Ratio vs Fair Ratio

What is 4ZL'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.

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

Price-To-Sales vs Fair Ratio: 4ZL is good value based on its Price-To-Sales Ratio (0.1x) 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 4ZL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€12.35
0%
30.1%€19.21€8.64n/a5
Nov ’25€3.64
€14.37
+294.8%
47.2%€27.81€9.27n/a5
Oct ’25€5.80
€14.09
+142.9%
47.8%€27.45€9.15n/a5
Sep ’25€6.15
€14.09
+129.1%
47.8%€27.45€9.15n/a5
Aug ’25€9.75
€17.68
+81.3%
30.1%€27.62€12.89n/a5
Jul ’25n/a
€17.68
0%
30.1%€27.62€12.89n/a5
Jun ’25n/a
€17.68
0%
30.1%€27.62€12.89n/a5
May ’25€10.50
€20.32
+93.5%
19.2%€27.47€16.00n/a5
Apr ’25€11.70
€20.32
+73.7%
19.2%€27.47€16.00n/a5
Mar ’25€10.50
€20.79
+98.0%
23.1%€28.03€13.76n/a5
Feb ’25€9.75
€20.79
+113.2%
23.1%€28.03€13.76n/a5
Jan ’25€11.20
€20.79
+85.6%
23.1%€28.03€13.76n/a5
Dec ’24€8.65
€20.79
+140.3%
23.1%€28.03€13.76n/a5
Nov ’24€8.55
€21.58
+152.3%
22.0%€28.48€13.90€3.645
Oct ’24€11.50
€23.41
+103.6%
13.2%€28.38€20.81€5.804
Sep ’24€12.90
€22.80
+76.8%
13.2%€27.64€20.27€6.154
Aug ’24€14.50
€22.80
+57.3%
13.2%€27.64€20.27€9.754
Jul ’24€15.40
€22.80
+48.1%
13.2%€27.64€20.27n/a4
Jun ’24€12.50
€22.80
+82.4%
13.2%€27.64€20.27n/a4
May ’24€12.50
€22.83
+82.7%
13.2%€27.68€20.30€10.504
Apr ’24n/a
€22.83
0%
13.2%€27.68€20.30€11.704
Mar ’24€17.33
€19.47
+12.4%
11.7%€22.91€17.41€10.504
Feb ’24n/a
€19.47
0%
11.7%€22.91€17.41€9.754
Jan ’24n/a
€20.36
0%
14.6%€24.53€16.68€11.204
Dec ’23n/a
€20.36
0%
14.6%€24.53€16.68€8.654
Nov ’23n/a
€20.73
0%
18.3%€25.59€15.35€8.554

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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