Pollard Banknote Limited

DB:67L Stock Report

Market Cap: €328.3m

Pollard Banknote Valuation

Is 67L undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of 67L when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 67L (€11.7) is trading below our estimate of future cash flow value (€68.53)

Significantly Below Future Cash Flow Value: 67L is trading below future cash flow value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 67L?

Key metric: As 67L is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 67L. This is calculated by dividing 67L's market cap by their current earnings.
What is 67L's PE Ratio?
PE Ratio18.9x
EarningsCA$28.28m
Market CapCA$531.88m

Price to Earnings Ratio vs Peers

How does 67L's PE Ratio compare to its peers?

The above table shows the PE ratio for 67L vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.7x
0QM Angler Gaming
7.1x43.27%€225.0m
TIMA ZEAL Network
21.7x6.33%€1.0b
TIW Tin Inn Holding Ag
40x22.57%€330.8m
CDZ0 MHP Hotel
46x24.12%€65.3m
67L Pollard Banknote
18.9x62.95%€531.9m

Price-To-Earnings vs Peers: 67L is good value based on its Price-To-Earnings Ratio (18.9x) compared to the peer average (28.7x).


Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data


Price to Earnings Ratio vs Industry

How does 67L's PE Ratio compare vs other companies in the European Hospitality Industry?

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
67L 18.9xIndustry Avg. 18.4xNo. of Companies24PE01632486480+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 67L is expensive based on its Price-To-Earnings Ratio (18.9x) compared to the European Hospitality industry average (18.2x).


Price to Earnings Ratio vs Fair Ratio

What is 67L'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.

67L PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.9x
Fair PE Ratio66.7x

Price-To-Earnings vs Fair Ratio: 67L is good value based on its Price-To-Earnings Ratio (18.9x) compared to the estimated Fair Price-To-Earnings Ratio (66.7x).


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 67L forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€11.70
€21.30
+82.01%
5.98%€22.84€19.75n/a4
Jan ’27€11.60
€21.16
+82.44%
5.98%€22.70€19.63n/a4
Dec ’26€11.70
€21.16
+80.88%
5.98%€22.70€19.63n/a4
Nov ’26€12.10
€21.13
+74.65%
10.35%€24.50€18.38n/a4
Oct ’26€13.20
€21.13
+60.09%
10.35%€24.50€18.38n/a4
Sep ’26€11.50
€20.80
+80.85%
8.83%€23.59€18.62n/a4
Aug ’26€13.60
€21.83
+60.54%
11.03%€24.50€18.85n/a4
Jul ’26€13.00
€22.26
+71.26%
11.03%€24.99€19.22n/a4
Jun ’26€13.10
€22.26
+69.95%
11.03%€24.99€19.22n/a4
May ’26€11.80
€22.01
+86.50%
8.48%€24.70€20.27n/a4
Apr ’26€12.20
€22.65
+85.67%
8.81%€25.24€20.71n/a4
Mar ’26€17.30
€27.21
+57.29%
11.69%€30.72€22.04n/a4
Feb ’26€18.40
€27.21
+47.89%
11.69%€30.72€22.04n/a4
Jan ’26€15.00
€27.65
+84.36%
11.69%€31.22€22.39€11.604
Dec ’25€16.70
€27.65
+65.60%
11.69%€31.22€22.39€11.704
Nov ’25€15.20
€23.77
+56.41%
14.59%€29.26€19.95€12.104
Oct ’25€17.70
€23.77
+34.32%
14.59%€29.26€19.95€13.204
Sep ’25€16.50
€23.77
+44.08%
14.59%€29.26€19.95€11.504
Aug ’25€18.40
€28.74
+56.17%
6.54%€31.87€27.13€13.604
Jul ’25€18.50
€28.74
+55.33%
6.54%€31.87€27.13€13.004
Jun ’25€21.20
€28.74
+35.55%
6.54%€31.87€27.13€13.104
May ’25€24.60
€29.18
+18.63%
5.93%€31.90€27.15€11.804
Apr ’25€23.80
€29.18
+22.61%
5.93%€31.90€27.15€12.204
Mar ’25€23.40
€26.78
+14.45%
8.52%€30.71€25.25€17.304
Feb ’25€23.00
€26.24
+14.09%
5.35%€28.63€25.22€18.404
Jan ’25€21.60
€24.54
+13.62%
2.29%€25.05€23.69€15.004
€20.39
Fair Value
42.6% undervalued intrinsic discount
4
Number of Analysts

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/22 02:59
End of Day Share Price 2026/01/22 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Pollard Banknote Limited is covered by 7 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jim ByrneAcumen Capital Finance Partners Limited
Robert YoungCanaccord Genuity
Kevin WrightCanaccord Genuity