BlackRock, Inc.

XTRA:UU2 Stock Report

Market Cap: €150.9b

BlackRock Valuation

Is UU2 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 UU2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: UU2 (€988.1) is trading below our estimate of fair value (€1053.04)

Significantly Below Fair Value: UU2 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for UU2?

Key metric: As UU2 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for UU2. This is calculated by dividing UU2's market cap by their current earnings.
What is UU2's PE Ratio?
PE Ratio26.1x
EarningsUS$6.07b
Market CapUS$158.70b

Price to Earnings Ratio vs Peers

How does UU2's PE Ratio compare to its peers?

The above table shows the PE ratio for UU2 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.1x
DWS DWS Group GmbH KGaA
13.3x12.7%€7.9b
DBK Deutsche Bank
8x13.4%€31.1b
DB1 Deutsche Börse
21.2x4.6%€39.1b
MLP MLP
10.1x7.8%€649.2m
UU2 BlackRock
26.1x10.7%€158.7b

Price-To-Earnings vs Peers: UU2 is expensive based on its Price-To-Earnings Ratio (26.2x) compared to the peer average (13.1x).

Price to Earnings Ratio vs Industry

How does UU2's PE Ratio compare vs other companies in the DE Capital Markets Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AR4 AURELIUS Equity Opportunities SE KGaA
3.8xn/aUS$408.35m
HXCK Ernst Russ
3.7x-18.2%US$206.94m
VG8 Varengold Bank
1.9xn/aUS$24.63m
XE8 Black Sea Property
0.7xn/aUS$7.73m
No more companies available in this PE range
UU2 26.1xIndustry Avg. 20.6xNo. of Companies7PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: UU2 is expensive based on its Price-To-Earnings Ratio (26.2x) compared to the German Capital Markets industry average (20.6x).

Price to Earnings Ratio vs Fair Ratio

What is UU2'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.

UU2 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate UU2's Price-To-Earnings Fair Ratio for valuation analysis.

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 UU2 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€988.10
€1,025.86
+3.8%
7.5%€1,175.03€862.63n/a17
Nov ’25€904.40
€992.52
+9.7%
7.4%€1,146.02€841.34n/a17
Oct ’25n/a
€862.64
0%
6.5%€971.16€758.86n/a17
Sep ’25n/a
€831.96
0%
6.5%€926.29€692.03n/a16
Aug ’25n/a
€848.06
0%
6.9%€954.78€713.32n/a15
Jul ’25n/a
€851.15
0%
7.8%€996.49€704.06n/a15
Jun ’25n/a
€842.00
0%
7.8%€986.22€696.81n/a15
May ’25n/a
€852.57
0%
7.7%€999.59€706.26n/a16
Apr ’25n/a
€841.18
0%
6.9%€954.28€690.80n/a17
Mar ’25n/a
€831.14
0%
7.5%€948.33€679.10n/a15
Feb ’25n/a
€811.19
0%
9.2%€940.85€651.71n/a16
Jan ’25n/a
€736.14
0%
9.1%€829.91€642.86n/a15
Dec ’24n/a
€703.67
0%
8.4%€824.16€620.19n/a15
Nov ’24n/a
€719.46
0%
8.5%€848.11€638.21€904.4015
Oct ’24n/a
€748.78
0%
6.4%€848.89€654.41n/a15
Sep ’24n/a
€748.78
0%
6.4%€848.89€654.41n/a15
Aug ’24n/a
€726.70
0%
7.3%€832.58€635.51n/a15
Jul ’24n/a
€697.21
0%
10.7%€839.22€494.41n/a16
Jun ’24n/a
€712.78
0%
10.7%€857.62€505.25n/a16
May ’24n/a
€705.12
0%
14.3%€977.94€490.78n/a17
Apr ’24n/a
€736.73
0%
13.2%€999.07€543.35n/a16
Mar ’24n/a
€756.20
0%
12.8%€1,012.71€550.77n/a16
Feb ’24n/a
€743.25
0%
12.7%€997.44€542.47n/a16
Jan ’24n/a
€690.67
0%
22.1%€1,142.43€459.99n/a15
Dec ’23n/a
€637.32
0%
15.0%€821.04€466.81n/a13
Nov ’23n/a
€640.52
0%
12.2%€771.10€488.02n/a13

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

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