SIG plc

DB:QIG Stock Report

Market Cap: €253.1m

SIG Valuation

Is QIG 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-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 (€0.22) 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 Ratio0.08x
SalesUK£2.65b
Market CapUK£211.39m

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%€349.8m
KCO Klöckner & Co
0.07x4.8%€479.3m
WOLF Meta Wolf
3.1xn/a€91.7m
HMU HMS Bergbau
0.1x2.0%€131.8m
QIG SIG
0.08x2.5%€211.4m

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?

19 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.0.5x3.8%
QIG SIG
 0.08x2.5%US$265.66m
QIG 0.1xIndustry Avg. 0.5xNo. of Companies18PS00.61.21.82.43+
19 CompaniesEstimated GrowthMarket Cap
Industry Avg.0.5x10.8%
QIG SIG
 0.08x79.0%US$265.66m
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 Ratio0.08x
Fair PS Ratio0.3x

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 (0.3x).

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 QIG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.22
€0.31
+39.1%
15.8%€0.38€0.24n/a8
Nov ’25€0.27
€0.31
+16.1%
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
+21.1%
12.4%€0.38€0.24n/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€0.31n/a8
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
Nov ’23€0.35
€0.57
+60.5%
38.4%€1.15€0.40€0.309

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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