INFRONEER Holdings Valuation

Is 96L 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 96L when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 96L (€7.15) is trading below our estimate of fair value (€14.06)

Significantly Below Fair Value: 96L is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 96L?

Key metric: As 96L is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 96L. This is calculated by dividing 96L's market cap by their current earnings.
What is 96L's PE Ratio?
PE Ratio11.1x
EarningsJP¥27.14b
Market CapJP¥301.25b

Price to Earnings Ratio vs Peers

How does 96L's PE Ratio compare to its peers?

The above table shows the PE ratio for 96L vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average64.2x
NCH2 thyssenkrupp nucera KGaA
185.3x55.9%€1.1b
HOT HOCHTIEF
12.4x2.5%€8.9b
B5A0 BAUER
31.6x38.2%€202.3m
3SQ1 AHT Syngas Technology
27.4xn/a€30.0m
96L INFRONEER Holdings
11.1x11.5%€301.3b

Price-To-Earnings vs Peers: 96L is good value based on its Price-To-Earnings Ratio (11.1x) compared to the peer average (64.2x).


Price to Earnings Ratio vs Industry

How does 96L's PE Ratio compare vs other companies in the European Construction Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
96L 11.1xIndustry Avg. 12.9xNo. of Companies17PE0816243240+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 96L is good value based on its Price-To-Earnings Ratio (11.1x) compared to the European Construction industry average (13.2x).


Price to Earnings Ratio vs Fair Ratio

What is 96L'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.

96L PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.1x
Fair PE Ratio14.1x

Price-To-Earnings vs Fair Ratio: 96L is good value based on its Price-To-Earnings Ratio (11.1x) compared to the estimated Fair Price-To-Earnings Ratio (14.1x).


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 96L forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€7.15
€9.37
+31.1%
11.1%€10.97€7.49n/a6
Nov ’25€6.45
€9.72
+50.7%
11.1%€11.38€7.77n/a6
Oct ’25€6.85
€9.72
+41.9%
11.1%€11.38€7.77n/a6
Sep ’25€7.20
€9.20
+27.7%
9.1%€9.90€7.61n/a5
Aug ’25€7.35
€9.11
+23.9%
14.9%€11.42€7.20n/a5
Jul ’25€7.10
€9.85
+38.7%
19.0%€12.77€7.14n/a6
Jun ’25€7.60
€10.11
+33.0%
19.0%€13.11€7.33n/a6
May ’25€7.90
€10.48
+32.7%
19.0%€13.60€7.60n/a6
Apr ’25n/a
€10.48
0%
19.0%€13.60€7.60n/a6
Mar ’25n/a
€10.39
0%
18.5%€13.67€7.65n/a6
Feb ’25n/a
€10.40
0%
18.5%€13.69€7.65n/a6
Jan ’25n/a
€10.53
0%
20.3%€13.99€7.82n/a5
Dec ’24n/a
€10.40
0%
17.7%€13.51€7.55n/a6
Nov ’24n/a
€10.36
0%
18.1%€13.89€7.76€6.456
Oct ’24n/a
€10.36
0%
18.1%€13.89€7.76€6.856
Sep ’24n/a
€10.12
0%
19.4%€13.91€7.78€7.206
Aug ’24n/a
€9.17
0%
7.6%€9.75€7.89€7.355
Jul ’24n/a
€8.87
0%
9.7%€9.85€7.77€7.105
Jun ’24n/a
€9.13
0%
10.2%€10.35€8.17€7.606
May ’24n/a
€8.98
0%
8.1%€10.17€8.42€7.906
Apr ’24n/a
€8.98
0%
8.1%€10.17€8.42n/a6
Mar ’24n/a
€8.98
0%
8.1%€10.17€8.42n/a6
Feb ’24n/a
€8.98
0%
8.1%€10.17€8.42n/a6
Jan ’24n/a
€9.26
0%
8.3%€10.37€8.58n/a5
Dec ’23n/a
€9.14
0%
8.4%€10.07€8.34n/a5
Nov ’23n/a
€9.14
0%
8.4%€10.07€8.34n/a5

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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