DFI Retail Group Holdings Limited

DB:DFA1 Stock Report

Market Cap: €3.0b

DFI Retail Group Holdings Valuation

Is DFA1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 DFA1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DFA1 (€2.12) is trading below our estimate of fair value (€6.62)

Significantly Below Fair Value: DFA1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DFA1?

Key metric: As DFA1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DFA1. This is calculated by dividing DFA1's market cap by their current earnings.
What is DFA1's PE Ratio?
PE Ratio26.1x
EarningsUS$119.10m
Market CapUS$3.11b

Price to Earnings Ratio vs Peers

How does DFA1's PE Ratio compare to its peers?

The above table shows the PE ratio for DFA1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16x
HAW Hawesko Holding
22.7x20.8%€236.3m
MSH WASGAU Produktions & Handels
13.8xn/a€57.4m
SAE Shufersal
16.5xn/a₪10.3b
600827 Shanghai Bailian (Group)
11.1x-53.6%CN¥17.6b
DFA1 DFI Retail Group Holdings
26.1x25.9%€3.1b

Price-To-Earnings vs Peers: DFA1 is expensive based on its Price-To-Earnings Ratio (26.1x) compared to the peer average (16x).

Price to Earnings Ratio vs Industry

How does DFA1's PE Ratio compare vs other companies in the European Consumer Retailing Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
DFA1 26.1xIndustry Avg. 15.1xNo. of Companies8PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DFA1 is expensive based on its Price-To-Earnings Ratio (26.1x) compared to the European Consumer Retailing industry average (15.1x).

Price to Earnings Ratio vs Fair Ratio

What is DFA1'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.

DFA1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate DFA1'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?

The above table shows the analyst DFA1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€2.12
€2.47
+16.5%
13.6%€2.84€1.75n/a7
Dec ’25€2.28
€2.47
+8.4%
13.6%€2.84€1.75n/a7
Nov ’25€2.14
€2.38
+11.3%
13.6%€2.73€1.69n/a7
Oct ’25€1.86
€2.29
+23.3%
12.5%€2.68€1.66n/a7
Sep ’25€1.66
€2.22
+33.9%
13.4%€2.57€1.69n/a8
Aug ’25€1.52
€2.44
+60.4%
12.2%€2.90€1.99n/a8
Jul ’25€1.65
€2.44
+47.8%
12.2%€2.90€1.99n/a8
Jun ’25€1.61
€2.45
+52.3%
10.5%€2.88€2.12n/a8
May ’25€1.77
€2.45
+38.5%
10.5%€2.88€2.12n/a8
Apr ’25€1.92
€2.45
+27.7%
10.5%€2.88€2.12n/a8
Mar ’25€1.84
€2.79
+51.8%
9.6%€3.22€2.31n/a7
Feb ’25€1.82
€2.98
+63.9%
9.0%€3.52€2.69n/a8
Jan ’25€2.06
€2.98
+44.8%
9.0%€3.52€2.69€2.108
Dec ’24€2.02
€2.97
+47.0%
9.0%€3.50€2.67€2.288
Nov ’24€1.94
€3.00
+54.6%
9.1%€3.46€2.64€2.148
Oct ’24€2.42
€3.00
+24.0%
9.1%€3.46€2.64€1.868
Sep ’24€2.20
€3.00
+36.4%
9.1%€3.46€2.64€1.668
Aug ’24€2.34
€3.00
+28.2%
9.1%€3.46€2.64€1.528
Jul ’24€2.48
€3.22
+29.7%
7.3%€3.49€2.84€1.658
Jun ’24€2.54
€3.32
+30.7%
9.1%€3.77€2.86€1.618
May ’24€2.68
€3.27
+21.9%
8.5%€3.69€2.80€1.779
Apr ’24€2.76
€3.39
+22.7%
8.5%€3.81€2.89€1.929
Mar ’24€2.96
€2.78
-6.1%
20.9%€3.63€2.09€1.849
Feb ’24€2.94
€2.74
-6.9%
18.5%€3.71€2.13€1.829
Jan ’24€2.70
€2.60
-3.6%
16.2%€3.67€2.11€2.069

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/05 14:49
End of Day Share Price 2025/01/03 00:00
Earnings2024/06/30
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

DFI Retail Group Holdings Limited is covered by 16 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mat CollingsCGS International
Brian ChoCitigroup Inc
Tiffany FengCitigroup Inc