Manitex International, Inc.

DB:VE8 Stock Report

Market Cap: €110.6m

Manitex International Valuation

Is VE8 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 VE8 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: VE8 (€5.3) is trading below our estimate of fair value (€14.49)

Significantly Below Fair Value: VE8 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for VE8?

Key metric: As VE8 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for VE8. This is calculated by dividing VE8's market cap by their current earnings.
What is VE8's PE Ratio?
PE Ratio12.4x
EarningsUS$9.40m
Market CapUS$116.88m

Price to Earnings Ratio vs Peers

How does VE8's PE Ratio compare to its peers?

The above table shows the PE ratio for VE8 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.5x
MSAG MS Industrie
23.6x45.1%€39.9m
DEZ DEUTZ
11.1x47.9%€548.1m
JST JOST Werke
16.9x24.1%€616.1m
VOS Vossloh
14.3x10.6%€810.5m
VE8 Manitex International
12.4x11.0%€116.9m

Price-To-Earnings vs Peers: VE8 is good value based on its Price-To-Earnings Ratio (12.4x) compared to the peer average (16.5x).


Price to Earnings Ratio vs Industry

How does VE8'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
VE8 12.4xIndustry Avg. 14.7xNo. of Companies6PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VE8 is good value based on its Price-To-Earnings Ratio (12.4x) compared to the German Machinery industry average (14.7x).


Price to Earnings Ratio vs Fair Ratio

What is VE8'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.

VE8 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.4x
Fair PE Ratio12.7x

Price-To-Earnings vs Fair Ratio: VE8 is good value based on its Price-To-Earnings Ratio (12.4x) compared to the estimated Fair Price-To-Earnings Ratio (12.7x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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