Monadelphous Group Limited

DB:8MP Stock Report

Market Cap: €812.0m

Monadelphous Group Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: 8MP (€8.1) is trading below our estimate of fair value (€15.41)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for 8MP. This is calculated by dividing 8MP's market cap by their current earnings.
What is 8MP's PE Ratio?
PE Ratio21.5x
EarningsAU$62.20m
Market CapAU$1.34b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 8MP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average66.7x
NCH2 thyssenkrupp nucera KGaA
208.6x54.7%€1.2b
B5A0 BAUER
32.1x38.2%€176.9m
HOT HOCHTIEF
13.2x1.9%€9.5b
OHB OHB
12.6x11.0%€881.0m
8MP Monadelphous Group
21.5x8.2%€1.3b

Price-To-Earnings vs Peers: 8MP is good value based on its Price-To-Earnings Ratio (21.5x) compared to the peer average (66.7x).


Price to Earnings Ratio vs Industry

How does 8MP's PE Ratio compare vs other companies in the European Construction Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
8MP 21.5xIndustry Avg. 13.4xNo. of Companies21PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 8MP is expensive based on its Price-To-Earnings Ratio (21.5x) compared to the European Construction industry average (13.6x).


Price to Earnings Ratio vs Fair Ratio

What is 8MP'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.

8MP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.5x
Fair PE Ratio12.1x

Price-To-Earnings vs Fair Ratio: 8MP is expensive based on its Price-To-Earnings Ratio (21.5x) compared to the estimated Fair Price-To-Earnings Ratio (12.1x).


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 8MP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€8.10
€8.54
+5.5%
7.3%€9.88€7.68n/a13
Dec ’25€7.70
€8.64
+12.2%
7.3%€9.99€7.77n/a13
Nov ’25€7.45
€8.67
+16.3%
7.4%€10.03€7.80n/a13
Oct ’25€8.05
€8.66
+7.6%
7.2%€9.99€7.77n/a13
Sep ’25€7.85
€8.52
+8.5%
7.1%€9.79€7.62n/a14
Aug ’25€7.40
€8.61
+16.3%
7.1%€9.77€7.42n/a13
Jul ’25€8.05
€9.05
+12.4%
6.6%€10.05€7.63n/a13
Jun ’25€8.30
€8.90
+7.2%
6.9%€9.91€7.52n/a12
May ’25€8.15
€8.82
+8.3%
6.8%€9.77€7.42n/a13
Apr ’25€8.45
€8.82
+4.4%
6.8%€9.77€7.42n/a13
Mar ’25€8.50
€8.83
+3.9%
7.0%€9.82€7.46n/a12
Feb ’25€8.10
€8.96
+10.7%
7.6%€9.89€7.47n/a11
Jan ’25€9.05
€9.05
-0.01%
7.8%€9.96€7.52n/a11
Dec ’24€8.50
€8.81
+3.7%
8.7%€9.82€7.42€7.7012
Nov ’24€8.40
€8.76
+4.2%
9.2%€9.88€7.16€7.4511
Oct ’24€8.55
€8.67
+1.4%
8.7%€9.85€7.14€8.0511
Sep ’24€8.70
€8.34
-4.2%
9.2%€9.67€7.00€7.8511
Aug ’24€8.20
€8.14
-0.8%
9.5%€9.31€6.66€7.4011
Jul ’24€7.10
€8.16
+14.9%
8.5%€9.04€6.81€8.0510
Jun ’24€7.30
€7.92
+8.5%
8.1%€8.82€6.64€8.3010
May ’24€7.40
€7.96
+7.5%
8.7%€8.88€6.69€8.159
Apr ’24€7.65
€8.35
+9.2%
8.0%€9.18€6.92€8.458
Mar ’24€7.60
€8.35
+9.9%
8.0%€9.18€6.92€8.508
Feb ’24€8.75
€8.71
-0.5%
9.4%€9.77€6.99€8.108
Jan ’24€8.35
€8.68
+4.0%
9.7%€10.08€6.98€9.058
Dec ’23€8.75
€8.81
+0.7%
9.7%€10.11€7.00€8.507

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


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