S&P Global Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: MHL (€473.5) is trading above our estimate of fair value (€303.66)

Significantly Below Fair Value: MHL is trading above our estimate of fair value.


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MHL. This is calculated by dividing MHL's market cap by their current earnings.
What is MHL's PE Ratio?
PE Ratio44.1x
EarningsUS$3.55b
Market CapUS$156.46b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MHL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average35.9x
DB1 Deutsche Börse
22x5.3%€40.6b
DBK Deutsche Bank
8.2x12.6%€31.7b
LSEG London Stock Exchange Group
88.4x22.2%UK£60.2b
CME CME Group
25.2x3.1%US$86.3b
MHL S&P Global
44.1x10.6%€156.5b

Price-To-Earnings vs Peers: MHL is expensive based on its Price-To-Earnings Ratio (44.1x) compared to the peer average (35.9x).


Price to Earnings Ratio vs Industry

How does MHL's PE Ratio compare vs other companies in the DE Capital Markets Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AR40 AURELIUS Equity Opportunities SE KGaA
3.4xn/aUS$357.32m
HXCK Ernst Russ
3.8x-19.3%US$208.28m
VG8 Varengold Bank
2.1xn/aUS$26.97m
XE8 Black Sea Property
0.7xn/aUS$7.68m
No more companies available in this PE range
MHL 44.1xIndustry Avg. 19.6xNo. of Companies7PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MHL is expensive based on its Price-To-Earnings Ratio (44.1x) compared to the German Capital Markets industry average (19.6x).


Price to Earnings Ratio vs Fair Ratio

What is MHL'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.

MHL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio44.1x
Fair PE Ratio23.2x

Price-To-Earnings vs Fair Ratio: MHL is expensive based on its Price-To-Earnings Ratio (44.1x) compared to the estimated Fair Price-To-Earnings Ratio (23.2x).


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 MHL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€473.50
€560.29
+18.3%
5.4%€597.99€462.96n/a21
Dec ’25€497.15
€545.09
+9.6%
5.6%€585.90€453.60n/a20
Nov ’25€447.30
€529.79
+18.4%
5.9%€573.19€434.52n/a20
Oct ’25€464.85
€500.54
+7.7%
5.4%€551.07€424.60n/a20
Sep ’25€460.20
€494.25
+7.4%
5.0%€522.91€404.68n/a21
Aug ’25€451.90
€496.48
+9.9%
5.7%€526.40€410.96n/a20
Jul ’25€416.35
€462.37
+11.1%
5.4%€504.90€400.46n/a21
Jun ’25€389.60
€459.91
+18.0%
5.4%€504.58€400.20n/a21
May ’25€386.60
€458.78
+18.7%
6.3%€503.57€383.47n/a22
Apr ’25€394.20
€453.29
+15.0%
7.1%€501.25€372.40n/a23
Mar ’25€395.60
€448.80
+13.4%
6.8%€490.36€370.08n/a23
Feb ’25€415.60
€438.40
+5.5%
7.8%€504.85€362.57n/a23
Jan ’25€399.80
€410.70
+2.7%
7.0%€461.96€348.73n/a22
Dec ’24€387.50
€407.29
+5.1%
6.2%€448.72€354.01€497.1522
Nov ’24€331.60
€413.47
+24.7%
5.7%€443.73€354.04€447.3022
Oct ’24€348.70
€418.38
+20.0%
5.1%€454.15€351.15€464.8520
Sep ’24€366.70
€408.48
+11.4%
5.1%€444.55€343.73€460.2020
Aug ’24€361.60
€406.82
+12.5%
5.1%€441.59€341.44€451.9021
Jul ’24€366.20
€386.88
+5.6%
6.4%€465.57€340.44€416.3521
Jun ’24€345.40
€384.31
+11.3%
5.9%€453.99€343.51€389.6020
May ’24€325.40
€379.83
+16.7%
8.1%€471.90€335.78€386.6020
Apr ’24€318.95
€395.36
+24.0%
8.1%€493.01€350.80€394.2019
Mar ’24€318.80
€390.03
+22.3%
8.2%€486.62€346.25€395.6019
Feb ’24€340.40
€378.68
+11.2%
8.5%€472.11€340.51€415.6019
Jan ’24€316.25
€382.64
+21.0%
8.9%€482.17€347.76€399.8019
Dec ’23€333.60
€378.32
+13.4%
6.9%€466.46€347.45€387.5018

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


Discover undervalued companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 19:00
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
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

S&P Global Inc. is covered by 42 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullArgus Research Company
Jeffrey MeulerBaird
Ishan MajumdarBaptista Research