BlackRock, Inc.

XTRA:UU2 Stock Report

Market Cap: €153.1b

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 (€989.5) is trading below our estimate of fair value (€1036.3)

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 Ratio26.2x
EarningsUS$6.07b
Market CapUS$159.32b

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 Average13.4x
DWS DWS Group GmbH KGaA
13.2x13.0%€7.9b
DBK Deutsche Bank
8.2x12.6%€31.7b
DB1 Deutsche Börse
22x5.3%€40.6b
MLP MLP
10.2x7.8%€655.8m
UU2 BlackRock
26.2x11.3%€159.3b

Price-To-Earnings vs Peers: UU2 is expensive based on its Price-To-Earnings Ratio (26.2x) compared to the peer average (13.4x).

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
AR40 AURELIUS Equity Opportunities SE KGaA
3.4xn/aUS$370.24m
HXCK Ernst Russ
3.8x-19.3%US$208.21m
VG8 Varengold Bank
2.1xn/aUS$26.96m
XE8 Black Sea Property
0.7xn/aUS$7.68m
No more companies available in this PE range
UU2 26.2xIndustry Avg. 19.6xNo. 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 (19.6x).

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 Ratio26.2x
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€989.50
€1,101.02
+11.3%
8.1%€1,211.95€878.45n/a17
Dec ’25€974.90
€1,030.41
+5.7%
7.5%€1,178.39€865.10n/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€620.19€974.9015
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

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 16:33
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

BlackRock, Inc. is covered by 40 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Stephen BiggarArgus Research Company
Kenneth HillBarclays
Benjamin BudishBarclays