Pandora A/S

DB:3P7 Stock Report

Market Cap: €13.4b

Pandora Valuation

Is 3P7 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 3P7 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3P7 (€168.95) is trading below our estimate of fair value (€261.93)

Significantly Below Fair Value: 3P7 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3P7?

Key metric: As 3P7 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3P7. This is calculated by dividing 3P7's market cap by their current earnings.
What is 3P7's PE Ratio?
PE Ratio20.4x
EarningsDKK 4.89b
Market CapDKK 99.95b

Price to Earnings Ratio vs Peers

How does 3P7's PE Ratio compare to its peers?

The above table shows the PE ratio for 3P7 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average40.9x
ADS adidas
110.6x37.9%€42.2b
BOSS Hugo Boss
13.9x13.3%€3.0b
BIJ Bijou Brigitte modische Accessoires
12.8xn/a€264.8m
PUM PUMA
26.1x18.5%€6.7b
3P7 Pandora
20.4x10.9%€100.0b

Price-To-Earnings vs Peers: 3P7 is good value based on its Price-To-Earnings Ratio (20.4x) compared to the peer average (40.9x).

Price to Earnings Ratio vs Industry

How does 3P7's PE Ratio compare vs other companies in the European Luxury Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
3P7 20.4xIndustry Avg. 15.2xNo. of Companies8PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3P7 is expensive based on its Price-To-Earnings Ratio (20.4x) compared to the European Luxury industry average (15.2x).

Price to Earnings Ratio vs Fair Ratio

What is 3P7'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.

3P7 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.4x
Fair PE Ratio20.5x

Price-To-Earnings vs Fair Ratio: 3P7 is good value based on its Price-To-Earnings Ratio (20.4x) compared to the estimated Fair Price-To-Earnings Ratio (20.5x).

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 3P7 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€168.95
€167.33
-1.0%
11.8%€200.97€133.98n/a16
Dec ’25€149.05
€163.12
+9.4%
12.3%€201.07€134.05n/a15
Nov ’25€140.60
€165.66
+17.8%
12.4%€197.10€135.42n/a15
Oct ’25€147.40
€164.57
+11.6%
13.0%€197.06€135.40n/a15
Sep ’25€156.05
€160.05
+2.6%
13.0%€187.67€123.33n/a15
Aug ’25€144.60
€161.14
+11.4%
13.1%€187.69€123.34n/a14
Jul ’25€137.90
€162.40
+17.8%
11.9%€187.71€135.42n/a14
Jun ’25€149.40
€160.84
+7.7%
11.2%€187.63€135.37n/a14
May ’25€144.85
€158.18
+9.2%
12.9%€187.78€120.71n/a14
Apr ’25€149.40
€153.98
+3.1%
14.3%€187.67€120.65n/a15
Mar ’25€149.70
€148.24
-1.0%
14.8%€182.48€110.03n/a16
Feb ’25€134.40
€132.79
-1.2%
12.4%€160.99€96.60n/a16
Jan ’25€123.95
€125.61
+1.3%
11.5%€149.58€97.93n/a16
Dec ’24€123.75
€124.47
+0.6%
12.0%€149.47€97.86€149.0516
Nov ’24€105.75
€114.02
+7.8%
13.7%€133.96€84.39€140.6014
Oct ’24€96.96
€105.18
+8.5%
16.2%€127.42€80.47€147.4014
Sep ’24€94.74
€99.27
+4.8%
15.3%€124.82€73.42€156.0515
Aug ’24n/a
€97.64
0%
16.0%€124.82€72.48€144.6015
Jul ’24n/a
€97.00
0%
15.5%€124.87€72.51€137.9015
Jun ’24€74.48
€97.26
+30.6%
15.2%€124.86€73.84€149.4015
May ’24€83.58
€96.18
+15.1%
16.2%€124.79€65.48€144.8515
Apr ’24€86.08
€94.95
+10.3%
17.4%€124.86€65.52€149.4015
Mar ’24€86.78
€92.71
+6.8%
19.2%€125.02€60.49€149.7015
Feb ’24€76.32
€83.26
+9.1%
24.7%€125.03€49.74€134.4015
Jan ’24n/a
€81.19
0%
27.2%€125.01€45.70€123.9515
Dec ’23€68.08
€84.29
+23.8%
24.9%€125.01€45.70€123.7515

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 22:40
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Pandora A/S is covered by 35 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael Vitfell-RasmussenABG Sundal Collier
Mariana Horn UribeBerenberg
Antoine BelgeBNP Paribas Exane