Industrie De Nora S.p.A.

DB:M3D Stock Report

Market Cap: €1.4b

Industrie De Nora Valuation

Is M3D undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 M3D when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€2.92
Fair Value
134.6% overvalued intrinsic discount
5
Number of Analysts

Below Fair Value: M3D (€6.86) is trading above our estimate of fair value (€2.92)

Significantly Below Fair Value: M3D is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for M3D?

Key metric: As M3D is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for M3D. This is calculated by dividing M3D's market cap by their current earnings.
What is M3D's PE Ratio?
PE Ratio16.4x
Earnings€84.37m
Market Cap€1.38b

Price to Earnings Ratio vs Peers

How does M3D's PE Ratio compare to its peers?

The above table shows the PE ratio for M3D vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.3x
PFV Pfeiffer Vacuum Technology
24.7x18.4%€1.5b
DUE Dürr
18.8x28.1%€1.6b
KSB KSB SE KGaA
7.9x7.6%€1.2b
STM Stabilus
9.8x15.3%€710.1m
M3D Industrie De Nora
16.4x11.3%€1.4b

Price-To-Earnings vs Peers: M3D is expensive based on its Price-To-Earnings Ratio (16.4x) compared to the peer average (15.3x).

Price to Earnings Ratio vs Industry

How does M3D's PE Ratio compare vs other companies in the DE Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
M3D 16.4xIndustry Avg. 16.2xNo. of Companies7PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: M3D is expensive based on its Price-To-Earnings Ratio (16.4x) compared to the German Machinery industry average (16.1x).

Price to Earnings Ratio vs Fair Ratio

What is M3D'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.

M3D PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.4x
Fair PE Ratio14.5x

Price-To-Earnings vs Fair Ratio: M3D is expensive based on its Price-To-Earnings Ratio (16.4x) compared to the estimated Fair Price-To-Earnings Ratio (14.5x).

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 M3D forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€6.86
€10.90
+58.9%
19.1%€13.50€8.00n/a5
Jan ’26€7.58
€11.80
+55.7%
14.8%€13.50€9.00n/a5
Dec ’25€7.97
€12.00
+50.6%
16.0%€14.00€9.00n/a5
Nov ’25€8.77
€13.44
+53.2%
11.0%€15.50€11.00n/a5
Oct ’25€9.40
€13.48
+43.4%
11.2%€15.50€11.00n/a5
Sep ’25€10.07
€14.08
+39.8%
12.6%€16.00€11.00n/a5
Aug ’25€10.25
€16.08
+56.9%
15.0%€20.50€13.50n/a5
Jul ’25€11.24
€16.64
+48.0%
12.0%€20.50€14.70n/a5
Jun ’25€12.99
€16.74
+28.9%
11.4%€20.50€15.20n/a5
May ’25€12.64
€16.77
+32.6%
10.3%€20.50€15.10n/a6
Apr ’25€13.04
€17.60
+35.0%
13.2%€21.50€15.10n/a6
Mar ’25€15.09
€18.77
+24.4%
8.0%€21.50€17.14n/a6
Feb ’25€14.51
€18.29
+26.0%
5.7%€20.00€17.14€7.034
Jan ’25€15.76
€18.79
+19.2%
6.7%€20.00€17.14€7.584
Nov ’24€13.13
€22.25
+69.5%
5.6%€23.50€21.00€8.772
Oct ’24€16.33
€24.25
+48.5%
3.1%€25.00€23.50€9.402
Sep ’24€17.97
€24.67
+37.3%
3.4%€25.50€23.50€10.073
Aug ’24€18.28
€24.67
+34.9%
3.4%€25.50€23.50€10.253
Jul ’24€19.30
€23.67
+22.6%
4.0%€25.00€23.00€11.243
Jun ’24€19.53
€23.33
+19.5%
5.3%€25.00€22.00€12.993
May ’24€17.91
€23.33
+30.3%
5.3%€25.00€22.00€12.643
Apr ’24€18.33
€23.33
+27.3%
5.3%€25.00€22.00€13.043
Mar ’24€18.69
€21.17
+13.3%
11.6%€24.00€18.00€15.093
Feb ’24€17.48
€21.17
+21.1%
11.6%€24.00€18.00€14.513
Analyst Price Target
Consensus Narrative from 5 Analysts
€10.76
Fair Value
36.2% undervalued intrinsic discount
5
Number of Analysts

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/06 16:50
End of Day Share Price 2025/02/06 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Industrie De Nora S.p.A. is covered by 10 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrea BelloliBanca Akros S.p.A. (ESN)
Gian GadiniBanca Akros S.p.A. (ESN)
Andrea BelloliBanca Akros S.p.A. (ESN)