J D Wetherspoon Valuation

Q: What is the Fair Price of 0QW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

0QW (€7.25) is trading below our estimate of [[fair value]] (€9.53)

Is 0QW 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 0QW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0QW (€7.25) is trading below our estimate of fair value (€9.53)

Significantly Below Fair Value: 0QW is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0QW?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 0QW. This is calculated by dividing 0QW's market cap by their current preferred multiple.
What is 0QW's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	n/a

0QW 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	0.9x
Enterprise Value/EBITDA	8.8x
PEG Ratio	1.2x

Price to Earnings Ratio vs Peers

How does 0QW's PE Ratio compare to its peers?

The above table shows the PE ratio for 0QW 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	16.2x
TIMA ZEAL Network	19.8x	-5.1%	€931.3m
IFA LS Invest	6.8x	n/a	€305.9m
TUI1 TUI	7.1x	16.5%	€3.8b
605108 Tongqinglou Catering	30.9x	39.8%	CN¥5.8b
0QW J D Wetherspoon	15x	12.1%	€732.5m

Price-To-Earnings vs Peers: 0QW is good value based on its Price-To-Earnings Ratio (15x) compared to the peer average (16.3x).

Price to Earnings Ratio vs Industry

How does 0QW's PE Ratio compare vs other companies in the European Hospitality Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	83.6%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	83.6%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: 0QW is good value based on its Price-To-Earnings Ratio (15x) compared to the European Hospitality industry average (17.1x).

Price to Earnings Ratio vs Fair Ratio

What is 0QW'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.

0QW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	15x
Fair PE Ratio	21.9x

Price-To-Earnings vs Fair Ratio: 0QW is good value based on its Price-To-Earnings Ratio (15x) compared to the estimated Fair Price-To-Earnings Ratio (21.9x).

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 0QW forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	€7.25	€10.06 +38.8%	16.1%	€12.66	€7.20	n/a	9
Nov ’25	€7.15	€10.82 +51.3%	11.4%	€12.58	€8.94	n/a	9
Oct ’25	€8.65	€10.68 +23.5%	11.2%	€12.55	€8.92	n/a	10
Sep ’25	€8.95	€10.68 +19.4%	11.2%	€12.55	€8.92	n/a	10
Aug ’25	€8.85	€10.68 +20.7%	11.2%	€12.55	€8.92	n/a	10
Jul ’25	€8.50	€10.48 +23.3%	10.3%	€12.39	€8.85	n/a	10
Jun ’25	€8.90	€10.25 +15.1%	10.3%	€12.22	€8.73	n/a	11
May ’25	€8.45	€10.21 +20.9%	10.1%	€12.19	€8.71	n/a	11
Apr ’25	€8.53	€10.29 +20.7%	11.1%	€12.24	€8.74	n/a	10
Mar ’25	€8.87	€10.24 +15.5%	11.7%	€12.26	€8.76	n/a	10
Feb ’25	€9.75	€10.21 +4.8%	11.6%	€12.27	€8.76	n/a	10
Jan ’25	€9.31	€9.37 +0.6%	17.1%	€12.07	€6.32	n/a	10
Dec ’24	€7.86	€9.37 +19.2%	17.1%	€12.07	€6.32	n/a	10
Nov ’24	€7.16	€9.33 +30.2%	17.2%	€12.04	€6.31	€7.15	10
Oct ’24	€7.88	€9.47 +20.3%	16.4%	€11.77	€6.41	€8.65	11
Sep ’24	€8.28	€9.47 +14.5%	16.4%	€11.77	€6.41	€8.95	11
Aug ’24	€7.72	€9.48 +22.9%	16.4%	€11.78	€6.41	€8.85	11
Jul ’24	€7.67	€9.14 +19.1%	14.1%	€10.91	€6.38	€8.50	11
Jun ’24	€8.21	€8.97 +9.2%	18.2%	€10.94	€5.41	€8.90	11
May ’24	€7.89	€7.16 -9.2%	21.0%	€9.68	€5.13	€8.45	11
Apr ’24	€8.15	€6.99 -14.3%	21.4%	€9.65	€5.11	€8.53	11
Mar ’24	€6.20	€6.31 +1.7%	23.1%	€9.68	€4.33	€8.87	11
Feb ’24	€5.15	€6.31 +22.5%	23.1%	€9.68	€4.33	€9.75	11
Jan ’24	€4.98	€6.89 +38.3%	20.8%	€9.88	€4.42	€9.31	12
Dec ’23	€5.10	€7.03 +37.9%	20.2%	€9.88	€4.41	€7.86	11
Nov ’23	€5.15	€7.51 +45.8%	29.8%	€13.66	€4.42	€7.16	11

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.