How does L34's PE Ratio compare to its peers?

L34 is expensive based on its Price-To-Earnings Ratio (21.7x) compared to the peer average (19.3x).

How does L34's PE Ratio compare vs other companies in the European Hospitality Industry?

L34 is expensive based on its Price-To-Earnings Ratio (21.7x) compared to the European Hospitality industry average (17.5x).

What is L34'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.

L34 is expensive based on its Price-To-Earnings Ratio (21.7x) compared to the estimated Fair Price-To-Earnings Ratio (21.5x).

What is the Fair Price of L34 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

L34 (€7.36) is trading below our estimate of [[fair value]] (€12.03)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

L34 Stock Overview

Through its subsidiaries, operates a network of restaurants in Portugal, Spain, and Angola. More details

L34 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	1/6
Past Performance	2/6
Financial Health	4/6
Dividends	4/6

Rewards

Trading at 38.8% below our estimate of its fair value

Earnings are forecast to grow 18.29% per year

Analysts in good agreement that stock price will rise by 67.1%

Risk Analysis

Profit margins (3.1%) are lower than last year (4.6%)

Dividend of 6.63% is not well covered by earnings

My Notes

Capture your thoughts, links and company narrative

Ibersol, S.G.P.S., S.A. Competitors

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Price History & Performance

Summary of share price highs, lows and changes for Ibersol S.G.P.S
Historical stock prices
Current Share Price	€7.36
52 Week High	€7.50
52 Week Low	€6.38
Beta	1.0
1 Month Change	1.94%
3 Month Change	2.79%
1 Year Change	9.52%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	31.86%

Recent updates

Shareholder Returns

	L34	DE Hospitality	DE Market
7D	-1.1%	-1.9%	-2.0%
1Y	9.5%	19.2%	6.8%

Return vs Industry: L34 underperformed the German Hospitality industry which returned 18.7% over the past year.

Return vs Market: L34 exceeded the German Market which returned 6.9% over the past year.

Price Volatility

Is L34's price volatile compared to industry and market?
L34 volatility
L34 Average Weekly Movement	2.7%
Hospitality Industry Average Movement	4.6%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.4%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: L34 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: L34's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1985	7,623	António Carlos Vaz de Sousa	www.ibersol.pt

Ibersol, S.G.P.S., S.A., through its subsidiaries, operates a network of restaurants in Portugal, Spain, and Angola. It operates restaurants under the Pizza Hut, Pasta Caffé, Pans & Company, Ribs, FrescCo, SantaMaría, Kentucky Fried Chicken, Burger King, Pans Café, Pizza Móvil, Miit, Taco Bell, Sol, Silva Carvalho Catering and Palace Catering, Goto Café, and other brands. The company was incorporated in 1985 and is headquartered in Porto, Portugal.

Ibersol, S.G.P.S., S.A. Fundamentals Summary

How do Ibersol S.G.P.S's earnings and revenue compare to its market cap?
L34 fundamental statistics
Market cap	€311.07m
Earnings (TTM)	€14.31m
Revenue (TTM)	€454.47m

21.7x

P/E Ratio

0.7x

P/S Ratio

Is L34 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
L34 income statement (TTM)
Revenue	€454.47m
Cost of Revenue	€372.17m
Gross Profit	€82.30m
Other Expenses	€68.00m
Earnings	€14.31m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.35
Gross Margin	18.11%
Net Profit Margin	3.15%
Debt/Equity Ratio	7.1%

How did L34 perform over the long term?

See historical performance and comparison

Dividends

6.6%

Current Dividend Yield

146%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 03:33
End of Day Share Price	2024/12/23 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Ibersol, S.G.P.S., S.A. is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
José Rito	Banco BPI, S.A.
João Silva Lourenço	Caixa-Banco de Investimento SA (ESN)
João Mendes	Espírito Santo Research