Duni Valuation

Q: What is the Fair Price of 2DU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

2DU (€7.75) is trading above our estimate of [[fair value]] (€3.87)

Is 2DU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

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 2DU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2DU (€7.75) is trading above our estimate of fair value (€3.87)

Significantly Below Fair Value: 2DU is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2DU?

Key metric: As 2DU is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2DU. This is calculated by dividing 2DU's market cap by their current earnings.
What is 2DU's PE Ratio?
PE Ratio	18.1x
Earnings	SEK 234.00m
Market Cap	SEK 4.24b

2DU 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/Revenue	0.8x
Enterprise Value/EBITDA	7.2x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 2DU's PE Ratio compare to its peers?

The above table shows the PE ratio for 2DU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	19.8x
LEI Leifheit	21.6x	15.4%	€160.1m
SUR Surteco Group	34.1x	22.8%	€299.3m
EIN3 Einhell Germany	12.6x	9.2%	€732.6m
BIJ Bijou Brigitte modische Accessoires	11x	n/a	€264.1m
2DU Duni	18.1x	n/a	€4.2b

Price-To-Earnings vs Peers: 2DU is good value based on its Price-To-Earnings Ratio (18.1x) compared to the peer average (19.8x).

Price to Earnings Ratio vs Industry

How does 2DU's PE Ratio compare vs other companies in the European Consumer Durables Industry?

5 Companies	Price / Earnings	Estimated Growth	Market Cap

5 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 2DU is expensive based on its Price-To-Earnings Ratio (18.1x) compared to the European Consumer Durables industry average (12.4x).

Price to Earnings Ratio vs Fair Ratio

What is 2DU'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.

2DU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	18.1x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2DU's Price-To-Earnings Fair Ratio for valuation analysis.

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.