Emak Valuation

Is EK4 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 EK4 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EK4 (€0.84) is trading below our estimate of fair value (€1.24)

Significantly Below Fair Value: EK4 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EK4?

Key metric: As EK4 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for EK4. This is calculated by dividing EK4's market cap by their current earnings.
What is EK4's PE Ratio?
PE Ratio	13.8x
Earnings	€10.46m
Market Cap	€144.44m

EK4 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	0.6x
Enterprise Value/EBITDA	7.1x
PEG Ratio	0.4x

Price to Earnings Ratio vs Peers

How does EK4's PE Ratio compare to its peers?

The above table shows the PE ratio for EK4 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	18.1x
EIN3 Einhell Germany	12.5x	9.2%	€731.5m
BAG Brilliant	2.8x	n/a	€6.0m
LEI Leifheit	21.3x	15.4%	€157.8m
SUR Surteco Group	35.7x	22.8%	€313.2m
EK4 Emak	13.8x	35.7%	€144.4m

Price-To-Earnings vs Peers: EK4 is good value based on its Price-To-Earnings Ratio (13.8x) compared to the peer average (18.1x).

Price to Earnings Ratio vs Industry

How does EK4'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: EK4 is expensive based on its Price-To-Earnings Ratio (13.8x) compared to the European Consumer Durables industry average (12.6x).

Price to Earnings Ratio vs Fair Ratio

What is EK4'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.

EK4 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	13.8x
Fair PE Ratio	21.4x

Price-To-Earnings vs Fair Ratio: EK4 is good value based on its Price-To-Earnings Ratio (13.8x) compared to the estimated Fair Price-To-Earnings Ratio (21.4x).

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.