Indel B Valuation

Is 2I6 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 2I6 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2I6 (€21.6) is trading below our estimate of fair value (€26.86)

Significantly Below Fair Value: 2I6 is trading below fair value, but not by a significant amount.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2I6?

Key metric: As 2I6 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2I6. This is calculated by dividing 2I6's market cap by their current earnings.
What is 2I6's PE Ratio?
PE Ratio12.3x
Earnings€9.25m
Market Cap€114.04m

Price to Earnings Ratio vs Peers

How does 2I6's PE Ratio compare to its peers?

The above table shows the PE ratio for 2I6 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.1x
EIN3 Einhell Germany
12.5x9.2%€731.5m
BAG Brilliant
2.8xn/a€6.0m
LEI Leifheit
21.3x15.4%€157.8m
SUR Surteco Group
35.7x22.8%€313.2m
2I6 Indel B
12.3x21.0%€114.0m

Price-To-Earnings vs Peers: 2I6 is good value based on its Price-To-Earnings Ratio (12.3x) compared to the peer average (17.8x).


Price to Earnings Ratio vs Industry

How does 2I6's PE Ratio compare vs other companies in the European Consumer Durables Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
2I6 12.3xIndustry Avg. 12.6xNo. of Companies11PE0816243240+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2I6 is good value based on its Price-To-Earnings Ratio (12.3x) compared to the European Consumer Durables industry average (12.4x).


Price to Earnings Ratio vs Fair Ratio

What is 2I6'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.

2I6 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.3x
Fair PE Ratio14.3x

Price-To-Earnings vs Fair Ratio: 2I6 is good value based on its Price-To-Earnings Ratio (12.3x) compared to the estimated Fair Price-To-Earnings Ratio (14.3x).


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 2I6 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€21.60
€28.70
+32.9%
6.4%€31.00€26.50n/a3
Nov ’25€21.60
€28.70
+32.9%
6.4%€31.00€26.50n/a3
Oct ’25€21.80
€28.70
+31.7%
6.4%€31.00€26.50n/a3
Sep ’25€22.80
€28.70
+25.9%
6.4%€31.00€26.50n/a3
Aug ’25€20.00
€28.70
+43.5%
6.4%€31.00€26.50n/a3
Jul ’25€22.80
€28.70
+25.9%
6.4%€31.00€26.50n/a3
Jun ’25€22.40
€28.70
+28.1%
6.4%€31.00€26.50n/a3
May ’25€22.00
€28.70
+30.5%
6.4%€31.00€26.50n/a3
Apr ’25€23.20
€31.37
+35.2%
1.4%€32.00€31.00n/a3
Mar ’25€22.90
€31.37
+37.0%
1.4%€32.00€31.00n/a3
Feb ’25€23.50
€31.37
+33.5%
1.4%€32.00€31.00n/a3
Jan ’25€23.40
€31.37
+34.0%
1.4%€32.00€31.00n/a3
Dec ’24€23.50
€31.37
+33.5%
1.4%€32.00€31.00n/a3
Nov ’24€23.10
€31.37
+35.8%
1.4%€32.00€31.00€21.603
Oct ’24€22.80
€32.60
+43.0%
1.4%€33.10€32.00€21.803
Sep ’24€22.50
€32.93
+46.4%
0.5%€33.10€32.70€22.803
Aug ’24€22.80
€32.93
+44.4%
0.5%€33.10€32.70€20.003
Jul ’24€22.90
€30.27
+32.2%
12.3%€33.10€25.00€22.803
Jun ’24€24.10
€30.27
+25.6%
12.3%€33.10€25.00€22.403
Apr ’24€24.50
€26.80
+9.4%
6.7%€28.60€25.00€23.202
Mar ’24€24.60
€26.80
+8.9%
6.7%€28.60€25.00€22.902
Feb ’24€23.40
€26.80
+14.5%
6.7%€28.60€25.00€23.502
Jan ’24€24.90
€26.80
+7.6%
6.7%€28.60€25.00€23.402
Dec ’23€22.40
€26.80
+19.6%
6.7%€28.60€25.00€23.502
Nov ’23€19.75
€26.80
+35.7%
6.7%€28.60€25.00€23.102

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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