Tribal Group Valuation

Q: What is the Fair Price of T3G when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

T3G (€0.54) is trading below our estimate of [[fair value]] (€1.27)

Is T3G 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 T3G when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: T3G (€0.54) is trading below our estimate of fair value (€1.27)

Significantly Below Fair Value: T3G is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for T3G?

Key metric: As T3G is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for T3G. This is calculated by dividing T3G's market cap by their current earnings.
What is T3G's PE Ratio?
PE Ratio	53.6x
Earnings	UK£1.93m
Market Cap	UK£103.14m

T3G 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	1.3x
Enterprise Value/EBITDA	15x
PEG Ratio	1.5x

Price to Earnings Ratio vs Peers

How does T3G's PE Ratio compare to its peers?

The above table shows the PE ratio for T3G 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	14.9x
9JK International School Augsburg -ISA- gemeinnützige	26.8x	5.6%	€3.5m
9769 GakkyushaLtd	10.7x	n/a	JP¥21.0b
A068930 Digital Daesung	16.4x	27.3%	₩198.1b
A067280 Multicampus	5.6x	n/a	₩176.0b
T3G Tribal Group	53.6x	35.8%	€103.1m

Price-To-Earnings vs Peers: T3G is expensive based on its Price-To-Earnings Ratio (53.6x) compared to the peer average (14.9x).

Price to Earnings Ratio vs Industry

How does T3G's PE Ratio compare vs other companies in the European Consumer Services Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: T3G is expensive based on its Price-To-Earnings Ratio (53.6x) compared to the Global Consumer Services industry average (17.4x).

Price to Earnings Ratio vs Fair Ratio

What is T3G'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.

T3G PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	53.6x
Fair PE Ratio	24.3x

Price-To-Earnings vs Fair Ratio: T3G is expensive based on its Price-To-Earnings Ratio (53.6x) compared to the estimated Fair Price-To-Earnings Ratio (24.3x).

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 T3G 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	€0.54	€0.95 +77.4%	1.2%	€0.96	€0.94	n/a	2
Nov ’25	€0.54	€0.95 +77.4%	1.2%	€0.96	€0.94	n/a	2
Oct ’25	€0.49	€0.95 +92.1%	1.2%	€0.96	€0.94	n/a	2
Sep ’25	€0.59	€0.95 +60.8%	1.2%	€0.96	€0.94	n/a	2
Aug ’25	€0.67	€0.94 +41.9%	1.2%	€0.96	€0.93	n/a	2
Jul ’25	€0.61	€0.94 +53.5%	1.2%	€0.96	€0.93	n/a	2
Jun ’25	€0.65	€0.94 +46.3%	1.2%	€0.96	€0.93	n/a	2
May ’25	€0.60	€0.94 +57.3%	1.2%	€0.96	€0.93	n/a	2
Apr ’25	€0.50	€0.94 +88.8%	1.2%	€0.96	€0.93	n/a	2
Mar ’25	€0.48	€0.95 +95.9%	1.2%	€0.96	€0.94	n/a	2
Feb ’25	€0.49	€0.94 +91.6%	1.2%	€0.95	€0.93	n/a	2
Oct ’24	€0.60	€0.94 +57.3%	1.2%	€0.96	€0.93	€0.49	2
Sep ’24	€0.51	€0.94 +85.1%	1.2%	€0.96	€0.93	€0.59	2
Aug ’24	€0.46	€0.92 +100.1%	1.2%	€0.93	€0.91	€0.67	2
Jul ’24	€0.45	€0.92 +105.4%	1.2%	€0.93	€0.91	€0.61	2
Jun ’24	€0.44	€0.92 +111.1%	1.2%	€0.93	€0.91	€0.65	2
May ’24	€0.42	€0.92 +117.1%	1.2%	€0.93	€0.91	€0.60	2
Apr ’24	€0.43	€0.92 +113.1%	1.2%	€0.93	€0.91	€0.50	2
Mar ’24	€0.54	€0.92 +71.7%	1.2%	€0.93	€0.91	€0.48	2
Feb ’24	€0.58	€1.29 +122.6%	27.9%	€1.65	€0.93	€0.49	2
Jan ’24	€0.50	€1.29 +160.3%	27.9%	€1.65	€0.93	€0.61	2
Dec ’23	€0.60	€1.29 +115.2%	27.9%	€1.65	€0.93	€0.71	2
Nov ’23	€0.74	€1.59 +113.2%	6.4%	€1.69	€1.49	€0.72	2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.