Mitie Group Valuation

Is MZ4 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 MZ4 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MZ4 (€1.32) is trading below our estimate of fair value (€2.87)

Significantly Below Fair Value: MZ4 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for MZ4?

Other financial metrics that can be useful for relative valuation.

MZ4 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.4x
Enterprise Value/EBITDA8.7x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does MZ4's PE Ratio compare to its peers?

The above table shows the PE ratio for MZ4 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.1x
BFSA Befesa
20.7x28.5%€1.1b
GBF Bilfinger
9.2x4.0%€1.6b
TTK TAKKT
54.9x40.8%€843.1m
CWC CEWE Stiftung KGaA
11.6x3.3%€693.6m
MZ4 Mitie Group
14.8x12.9%€1.5b

Price-To-Earnings vs Peers: MZ4 is good value based on its Price-To-Earnings Ratio (14.8x) compared to the peer average (24.1x).


Price to Earnings Ratio vs Industry

How does MZ4's PE Ratio compare vs other companies in the European Commercial Services Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a18.1%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a18.1%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: MZ4 is expensive based on its Price-To-Earnings Ratio (14.8x) compared to the European Commercial Services industry average (14.2x).


Price to Earnings Ratio vs Fair Ratio

What is MZ4'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.

MZ4 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.8x
Fair PE Ratio17.4x

Price-To-Earnings vs Fair Ratio: MZ4 is good value based on its Price-To-Earnings Ratio (14.8x) compared to the estimated Fair Price-To-Earnings Ratio (17.4x).


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 MZ4 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.32
€1.65
+24.9%
4.1%€1.70€1.52n/a5
Apr ’25€1.18
€1.52
+28.6%
4.2%€1.61€1.47n/a5
Mar ’25€1.22
€1.52
+24.3%
4.2%€1.61€1.47n/a5
Feb ’25€1.17
€1.52
+30.1%
4.2%€1.61€1.47n/a5
Jan ’25€1.11
€1.49
+34.0%
4.2%€1.57€1.44n/a5
Dec ’24€1.10
€1.49
+34.9%
4.2%€1.57€1.44n/a5
Nov ’24€1.10
€1.45
+31.7%
3.5%€1.55€1.40n/a5
Oct ’24€1.14
€1.39
+22.1%
4.0%€1.46€1.34n/a5
Sep ’24€1.10
€1.38
+25.9%
4.6%€1.46€1.31n/a5
Aug ’24€1.14
€1.38
+21.7%
4.6%€1.46€1.31n/a5
Jul ’24€1.08
€1.38
+28.0%
4.6%€1.46€1.31n/a5
Jun ’24€1.00
€1.16
+16.6%
12.7%€1.42€1.02n/a5
May ’24€1.02
€1.16
+13.9%
12.7%€1.42€1.02€1.325
Apr ’24€0.90
€1.13
+25.9%
7.5%€1.28€1.05€1.185
Mar ’24€0.88
€1.13
+28.8%
7.5%€1.28€1.05€1.225
Feb ’24€0.85
€1.13
+32.6%
7.5%€1.28€1.05€1.175
Jan ’24€0.83
€1.13
+35.0%
7.5%€1.28€1.05€1.115
Dec ’23€0.86
€1.10
+27.8%
8.0%€1.27€1.04€1.105
Nov ’23€0.81
€1.01
+24.9%
9.7%€1.14€0.89€1.105
Oct ’23€0.67
€1.00
+48.6%
9.7%€1.13€0.88€1.145
Sep ’23€0.81
€1.05
+30.4%
7.6%€1.15€0.91€1.105
Aug ’23€0.94
€1.04
+10.2%
9.7%€1.18€0.91€1.145
Jul ’23€0.62
€1.02
+63.9%
9.7%€1.15€0.90€1.085
Jun ’23€0.64
€1.05
+65.1%
12.0%€1.18€0.81€1.005
May ’23€0.62
€1.05
+69.1%
12.0%€1.18€0.81€1.025

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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