Element Fleet Management Corp.

DB:61F Stock Report

Market Cap: €8.2b

Element Fleet Management Valuation

Is 61F 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 61F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 61F (€19.9) is trading below our estimate of fair value (€26.71)

Significantly Below Fair Value: 61F is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 61F?

Key metric: As 61F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 61F. This is calculated by dividing 61F's market cap by their current earnings.
What is 61F's PE Ratio?
PE Ratio23.6x
EarningsUS$364.53m
Market CapUS$8.70b

Price to Earnings Ratio vs Peers

How does 61F's PE Ratio compare to its peers?

The above table shows the PE ratio for 61F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.6x
GBF Bilfinger
7x2.3%€1.6b
CWC CEWE Stiftung KGaA
10.2x1.6%€657.1m
BFSA Befesa
14.5x29.6%€797.6m
SPIE SPIE
22.6x20.3%€5.0b
61F Element Fleet Management
23.6x14.5%€12.2b

Price-To-Earnings vs Peers: 61F is expensive based on its Price-To-Earnings Ratio (23.6x) compared to the peer average (13.5x).


Price to Earnings Ratio vs Industry

How does 61F's PE Ratio compare vs other companies in the European Commercial Services Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
61F 23.6xIndustry Avg. 15.0xNo. of Companies12PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 61F is expensive based on its Price-To-Earnings Ratio (23.6x) compared to the European Commercial Services industry average (15x).


Price to Earnings Ratio vs Fair Ratio

What is 61F'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.

61F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.6x
Fair PE Ratio15.1x

Price-To-Earnings vs Fair Ratio: 61F is expensive based on its Price-To-Earnings Ratio (23.6x) compared to the estimated Fair Price-To-Earnings Ratio (15.1x).


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 61F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€19.90
€22.11
+11.1%
10.2%€26.58€18.06n/a8
Nov ’25€18.30
€21.03
+14.9%
9.3%€24.43€17.00n/a8
Oct ’25€18.60
€20.46
+10.0%
10.7%€24.57€16.27n/a8
Sep ’25€18.00
€19.91
+10.6%
8.7%€22.42€16.16n/a8
Aug ’25€17.20
€19.59
+13.9%
9.1%€22.03€16.02n/a9
Jul ’25€16.50
€19.07
+15.6%
8.8%€22.30€16.22n/a9
Jun ’25€15.80
€19.07
+20.7%
8.8%€22.30€16.22n/a9
May ’25€14.50
€18.63
+28.5%
8.6%€21.13€16.36n/a9
Apr ’25€14.90
€18.63
+25.1%
8.6%€21.13€16.36n/a9
Mar ’25€15.00
€18.63
+24.2%
8.6%€21.13€16.36n/a9
Feb ’25€15.20
€17.99
+18.3%
11.2%€21.34€15.83n/a8
Jan ’25€14.20
€17.34
+22.1%
11.9%€20.98€14.89n/a8
Dec ’24€14.40
€17.34
+20.4%
11.9%€20.98€14.89n/a8
Nov ’24€12.70
€17.89
+40.9%
12.2%€21.59€15.32€18.308
Oct ’24€13.40
€17.89
+33.5%
12.2%€21.59€15.32€18.608
Sep ’24€13.80
€17.43
+26.3%
11.5%€21.01€14.91€18.009
Aug ’24€14.40
€17.18
+19.3%
11.1%€20.69€14.66€17.209
Jul ’24€13.60
€16.74
+23.1%
11.2%€20.42€14.47€16.509
Jun ’24€14.10
€16.74
+18.7%
11.2%€20.42€14.47€15.809
May ’24€11.60
€16.04
+38.3%
10.9%€19.25€13.75€14.509
Apr ’24€11.60
€16.04
+38.3%
10.9%€19.25€13.75€14.909
Mar ’24€12.90
€15.76
+22.1%
10.1%€18.55€13.38€15.009
Feb ’24€13.10
€15.76
+20.3%
10.1%€18.55€13.38€15.209
Jan ’24€12.50
€15.76
+26.1%
10.1%€18.55€13.38€14.209
Dec ’23€13.50
€15.76
+16.7%
10.1%€18.55€13.38€14.409
Nov ’23€13.10
€15.36
+17.2%
11.9%€19.32€13.37€12.709

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


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