Terex Corporation

DB:TXG Stock Report

Market Cap: €3.4b

Terex Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: TXG (€50.92) is trading below our estimate of fair value (€93.74)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TXG. This is calculated by dividing TXG's market cap by their current earnings.
What is TXG's PE Ratio?
PE Ratio7.8x
EarningsUS$464.70m
Market CapUS$3.63b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TXG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.9x
JUN3 Jungheinrich
8.9x6.9%€2.5b
KGX KION GROUP
12.9x17.2%€4.3b
R3NK RENK Group
94.5x50.1%€1.9b
KBX Knorr-Bremse
19.3x10.8%€11.6b
TXG Terex
7.8x1.2%€3.6b

Price-To-Earnings vs Peers: TXG is good value based on its Price-To-Earnings Ratio (7.8x) compared to the peer average (33.9x).

Price to Earnings Ratio vs Industry

How does TXG'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
TXG 7.8xIndustry Avg. 14.7xNo. of Companies6PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TXG is good value based on its Price-To-Earnings Ratio (7.8x) compared to the German Machinery industry average (14.7x).

Price to Earnings Ratio vs Fair Ratio

What is TXG'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.

TXG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.8x
Fair PE Ratio13.6x

Price-To-Earnings vs Fair Ratio: TXG is good value based on its Price-To-Earnings Ratio (7.8x) compared to the estimated Fair Price-To-Earnings Ratio (13.6x).

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 TXG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€50.92
€54.64
+7.3%
10.1%€62.01€41.02n/a11
Nov ’25€46.85
€52.77
+12.6%
8.6%€59.98€42.45n/a11
Oct ’25€46.78
€53.54
+14.5%
7.9%€58.49€45.00n/a11
Sep ’25€50.44
€57.22
+13.4%
10.0%€66.63€45.02n/a11
Aug ’25€53.90
€59.67
+10.7%
11.0%€69.50€44.48n/a13
Jul ’25€50.34
€58.77
+16.7%
10.9%€70.22€44.94n/a13
Jun ’25€54.04
€58.63
+8.5%
10.9%€69.09€44.22n/a14
May ’25€52.30
€59.09
+13.0%
10.9%€70.11€44.87n/a14
Apr ’25€59.50
€56.25
-5.5%
12.9%€68.52€40.20n/a14
Mar ’25€52.00
€56.62
+8.9%
12.2%€69.38€40.70n/a14
Feb ’25€57.50
€54.16
-5.8%
12.7%€68.84€40.39n/a14
Jan ’25€52.00
€53.95
+3.7%
11.7%€68.58€45.72n/a13
Dec ’24€45.00
€55.72
+23.8%
12.6%€68.32€46.80n/a13
Nov ’24€43.80
€58.04
+32.5%
14.0%€70.64€47.10€46.8513
Oct ’24€54.50
€64.22
+17.8%
10.0%€72.34€48.55€46.7813
Sep ’24€58.00
€62.56
+7.9%
10.1%€72.89€46.47€50.4415
Aug ’24€56.00
€55.16
-1.5%
9.2%€64.72€43.60€53.9015
Jul ’24€54.50
€54.01
-0.9%
11.4%€66.25€44.62€50.3415
Jun ’24€44.00
€52.65
+19.6%
11.4%€65.67€44.24€54.0416
May ’24€40.00
€52.23
+30.6%
14.4%€65.63€41.47€52.3015
Apr ’24€44.00
€53.58
+21.8%
11.1%€66.38€41.95€59.5015
Mar ’24€56.00
€54.96
-1.9%
10.6%€67.87€42.89€52.0016
Feb ’24€47.20
€46.41
-1.7%
13.0%€59.00€35.03€57.5016
Jan ’24€39.80
€46.23
+16.1%
11.5%€60.34€35.83€52.0016
Dec ’23€43.40
€44.26
+2.0%
15.7%€61.79€33.79€45.0016
Nov ’23€40.60
€46.09
+13.5%
15.5%€64.78€35.43€43.8016

Analyst Forecast: Target price is less than 20% higher than the current share price.

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