SIG plc

DB:QIG Stock Report

Market Cap: €239.0m

SIG Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of QIG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: QIG (€0.2) is trading above our estimate of fair value (€0.02)

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

Key Valuation Metric

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

Key metric: As QIG is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for QIG. This is calculated by dividing QIG's market cap by their current revenue.
What is QIG's PS Ratio?
PS Ratio0.07x
SalesUK£2.65b
Market CapUK£198.68m

Price to Sales Ratio vs Peers

How does QIG's PS Ratio compare to its peers?

The above table shows the PS ratio for QIG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.8x
BYW BayWa
0.03x9.5%€339.7m
KCO Klöckner & Co
0.07x4.4%€443.9m
WOLF Meta Wolf
3xn/a€88.7m
HMU HMS Bergbau
0.1x2.0%€133.6m
QIG SIG
0.07x2.5%€198.7m

Price-To-Sales vs Peers: QIG is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.8x).

Price to Sales Ratio vs Industry

How does QIG's PS Ratio compare vs other companies in the European Trade Distributors Industry?

18 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.0.5x4.8%
QIG SIG
 0.07x2.5%US$248.76m
QIG 0.1xIndustry Avg. 0.5xNo. of Companies18PS00.61.21.82.43+
18 CompaniesEstimated GrowthMarket Cap
Industry Avg.0.5x11.5%
QIG SIG
 0.07x79.0%US$248.76m
No more companies

Price-To-Sales vs Industry: QIG is good value based on its Price-To-Sales Ratio (0.1x) compared to the European Trade Distributors industry average (0.5x).

Price to Sales Ratio vs Fair Ratio

What is QIG's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

QIG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.07x
Fair PS Ratio0.2x

Price-To-Sales vs Fair Ratio: QIG is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0.2x).

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 QIG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.20
€0.31
+56.8%
14.2%€0.38€0.24n/a8
Dec ’25€0.22
€0.31
+38.9%
15.8%€0.38€0.24n/a8
Nov ’25€0.27
€0.31
+16.9%
15.8%€0.38€0.24n/a8
Oct ’25€0.23
€0.32
+41.4%
17.1%€0.40€0.22n/a8
Sep ’25€0.26
€0.32
+22.0%
12.4%€0.39€0.25n/a8
Aug ’25€0.28
€0.33
+18.6%
13.9%€0.42€0.25n/a8
Jul ’25€0.28
€0.33
+16.1%
15.3%€0.41€0.25n/a8
Jun ’25€0.33
€0.36
+8.9%
14.2%€0.43€0.27n/a8
May ’25€0.31
€0.38
+22.6%
12.8%€0.44€0.30n/a8
Apr ’25€0.34
€0.38
+13.8%
13.2%€0.44€0.30n/a8
Mar ’25€0.38
€0.42
+9.7%
15.5%€0.53€0.32n/a8
Feb ’25€0.38
€0.41
+9.6%
15.5%€0.52€0.31n/a8
Jan ’25€0.38
€0.40
+6.8%
17.2%€0.52€0.31n/a8
Dec ’24€0.32
€0.40
+25.8%
17.2%€0.52€0.31€0.228
Nov ’24€0.30
€0.40
+32.6%
18.4%€0.52€0.31€0.277
Oct ’24€0.40
€0.46
+13.4%
19.5%€0.58€0.35€0.238
Sep ’24€0.38
€0.46
+19.4%
19.5%€0.58€0.35€0.268
Aug ’24€0.33
€0.46
+40.6%
19.6%€0.58€0.35€0.288
Jul ’24€0.39
€0.52
+32.6%
14.7%€0.64€0.38€0.288
Jun ’24€0.46
€0.52
+13.8%
14.7%€0.64€0.38€0.338
May ’24€0.48
€0.52
+8.2%
14.9%€0.62€0.38€0.317
Apr ’24€0.47
€0.52
+9.4%
14.9%€0.62€0.38€0.347
Mar ’24€0.47
€0.46
-2.1%
19.9%€0.66€0.37€0.387
Feb ’24€0.39
€0.55
+42.4%
43.5%€1.14€0.38€0.388
Jan ’24€0.33
€0.56
+70.7%
40.1%€1.16€0.41€0.389
Dec ’23€0.34
€0.57
+67.2%
38.4%€1.15€0.40€0.329

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 12:24
End of Day Share Price 2024/12/23 00:00
Earnings2024/06/30
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 here.

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 .

Analyst Sources

SIG plc is covered by 28 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert ChantryBerenberg
Joel SpunginBofA Global Research
Aynsley LamminCanaccord Genuity