BOC Aviation Limited

DB:8BO Stock Report

Market Cap: €5.1b

BOC Aviation Valuation

Is 8BO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 8BO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8BO (€7.2) is trading below our estimate of fair value (€26.72)

Significantly Below Fair Value: 8BO is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8BO?

Key metric: As 8BO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 8BO. This is calculated by dividing 8BO's market cap by their current earnings.
What is 8BO's PE Ratio?
PE Ratio5.6x
EarningsUS$962.35m
Market CapUS$5.37b

Price to Earnings Ratio vs Peers

How does 8BO's PE Ratio compare to its peers?

The above table shows the PE ratio for 8BO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.4x
BNR Brenntag
16.4x15.6%€8.9b
NWX Nordwest Handel
6xn/a€67.3m
KGX KION GROUP
12.9x17.2%€4.3b
HMU HMS Bergbau
10.4x8.0%€131.8m
8BO BOC Aviation
5.6x-3.1%€41.8b

Price-To-Earnings vs Peers: 8BO is good value based on its Price-To-Earnings Ratio (5.6x) compared to the peer average (11.4x).

Price to Earnings Ratio vs Industry

How does 8BO's PE Ratio compare vs other companies in the European Trade Distributors Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
8BO 5.6xIndustry Avg. 14.6xNo. of Companies11PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 8BO is good value based on its Price-To-Earnings Ratio (5.6x) compared to the European Trade Distributors industry average (14.4x).

Price to Earnings Ratio vs Fair Ratio

What is 8BO'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.

8BO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.6x
Fair PE Ratio12.3x

Price-To-Earnings vs Fair Ratio: 8BO is good value based on its Price-To-Earnings Ratio (5.6x) compared to the estimated Fair Price-To-Earnings Ratio (12.3x).

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 8BO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€7.20
€9.55
+32.7%
4.8%€10.13€8.59n/a13
Nov ’25€7.05
€9.10
+29.0%
5.2%€9.72€8.24n/a14
Oct ’25€7.20
€8.91
+23.8%
5.2%€9.50€8.08n/a14
Sep ’25€7.55
€8.85
+17.2%
5.3%€9.47€8.06n/a15
Aug ’25€7.80
€8.79
+12.7%
4.6%€9.62€8.15n/a15
Jul ’25€6.55
€8.82
+34.6%
5.6%€9.71€7.76n/a15
Jun ’25€6.70
€8.73
+30.3%
5.6%€9.66€7.71n/a15
May ’25€7.20
€8.86
+23.0%
5.6%€9.77€7.80n/a14
Apr ’25€6.90
€8.72
+26.4%
5.7%€9.61€7.68n/a14
Mar ’25€6.50
€8.63
+32.8%
6.7%€9.62€7.40n/a14
Feb ’25€6.80
€8.54
+25.6%
6.7%€9.51€7.33n/a14
Jan ’25€6.65
€8.44
+27.0%
6.5%€9.43€7.27n/a14
Dec ’24€6.25
€8.54
+36.7%
6.5%€9.53€7.36n/a14
Nov ’24€5.65
€8.83
+56.4%
6.2%€9.83€7.58€7.0514
Oct ’24€6.35
€8.70
+37.1%
4.8%€9.55€7.97€7.2015
Sep ’24€6.70
€8.70
+29.9%
4.8%€9.55€7.97€7.5515
Aug ’24€7.40
€8.67
+17.1%
5.9%€9.47€7.53€7.8014
Jul ’24€7.15
€8.90
+24.5%
5.9%€9.71€7.75€6.5514
Jun ’24€6.45
€8.88
+37.7%
5.8%€9.68€7.73€6.7014
May ’24€6.95
€8.63
+24.2%
5.8%€9.41€7.51€7.2014
Apr ’24€6.90
€8.93
+29.4%
5.5%€9.64€7.70€6.9013
Mar ’24€6.75
€8.80
+30.4%
5.1%€9.33€7.63€6.5013
Feb ’24€7.20
€8.80
+22.3%
5.1%€9.33€7.63€6.8013
Jan ’24€7.60
€8.97
+18.0%
5.4%€9.57€7.83€6.6513
Dec ’23€7.25
€9.11
+25.7%
5.2%€9.76€8.03€6.2513
Nov ’23€6.95
€9.70
+39.6%
5.4%€10.37€8.52€5.6512

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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