Masonite International Corporation

DB:MII Stock Report

Market Cap: €2.7b

Masonite International Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: MII (€122) is trading above our estimate of fair value (€96.38)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MII. This is calculated by dividing MII's market cap by their current earnings.
What is MII's PE Ratio?
PE Ratio20.7x
EarningsUS$140.79m
Market CapUS$2.92b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MII vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.7x
VIB3 Villeroy & Boch
14.8x43.5%€416.4m
ST5 STEICO
10x-6.9%€277.2m
WUG Westag
24.1xn/a€117.0m
TSS InnoTec TSS
9.9xn/a€57.9m
MII Masonite International
20.7x29.4%€2.9b

Price-To-Earnings vs Peers: MII is good value based on its Price-To-Earnings Ratio (20.7x) compared to the peer average (25.9x).


Price to Earnings Ratio vs Industry

How does MII's PE Ratio compare vs other companies in the European Building Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
MII 20.7xIndustry Avg. 19.9xNo. of Companies13PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MII is expensive based on its Price-To-Earnings Ratio (20.7x) compared to the European Building industry average (18.1x).


Price to Earnings Ratio vs Fair Ratio

What is MII'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.

MII PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.7x
Fair PE Ratio30.3x

Price-To-Earnings vs Fair Ratio: MII is good value based on its Price-To-Earnings Ratio (20.7x) compared to the estimated Fair Price-To-Earnings Ratio (30.3x).


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 MII forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€113.63
0%
9.1%€122.87€97.92n/a4
Nov ’25n/a
€113.63
0%
9.1%€122.87€97.92n/a4
Oct ’25n/a
€113.63
0%
9.1%€122.87€97.92n/a4
Sep ’25n/a
€113.63
0%
9.1%€122.87€97.92n/a4
Aug ’25n/a
€113.63
0%
9.1%€122.87€97.92n/a4
Jul ’25n/a
€113.63
0%
9.1%€122.87€97.92n/a4
Jun ’25n/a
€113.63
0%
9.1%€122.87€97.92n/a4
May ’25€123.00
€111.82
-9.1%
8.6%€122.51€97.64n/a5
Apr ’25€120.00
€115.61
-3.7%
8.3%€123.29€98.26n/a7
Mar ’25€120.00
€116.22
-3.2%
8.0%€122.92€97.97n/a8
Feb ’25€84.50
€96.99
+14.8%
11.7%€110.42€80.06n/a10
Jan ’25€76.00
€94.54
+24.4%
11.5%€108.41€79.26n/a9
Dec ’24€80.50
€99.81
+24.0%
11.8%€119.41€79.91n/a9
Nov ’24€75.50
€112.95
+49.6%
7.0%€124.73€99.41n/a9
Oct ’24€87.00
€111.93
+28.7%
6.3%€121.91€97.16n/a9
Sep ’24€93.50
€111.93
+19.7%
6.3%€121.91€97.16n/a9
Aug ’24€94.00
€103.46
+10.1%
6.5%€113.00€94.02n/a9
Jul ’24€94.00
€105.24
+12.0%
5.7%€116.08€96.57n/a9
Jun ’24€78.50
€105.24
+34.1%
5.7%€116.08€96.57n/a9
May ’24€81.00
€101.40
+25.2%
5.6%€107.86€89.10€123.009
Apr ’24€79.00
€101.40
+28.4%
5.6%€107.86€89.10€120.009
Mar ’24€82.50
€101.40
+22.9%
5.6%€107.86€89.10€120.009
Feb ’24€82.00
€96.32
+17.5%
11.2%€115.04€81.91€84.509
Jan ’24€76.00
€95.44
+25.6%
11.8%€117.73€84.76€76.009
Dec ’23€71.50
€100.33
+40.3%
12.6%€124.86€86.90€80.509
Nov ’23€72.50
€117.38
+61.9%
15.2%€143.83€99.26€75.509

Analyst Forecast: Target price is lower than the current share price.


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