CAB Payments Holdings Limited

DB:2SY Stock Report

Market Cap: €214.1m

CAB Payments Holdings Valuation

Is 2SY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 2SY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2SY (€0.84) is trading below our estimate of fair value (€2.72)

Significantly Below Fair Value: 2SY is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2SY?

Key metric: As 2SY is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2SY. This is calculated by dividing 2SY's market cap by their current earnings.
What is 2SY's PE Ratio?
PE Ratio9.2x
EarningsUK£19.38m
Market CapUK£177.90m

Price to Earnings Ratio vs Peers

How does 2SY's PE Ratio compare to its peers?

The above table shows the PE ratio for 2SY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.1x
VVV3 Ökoworld
9.3x5.5%€209.0m
BWB Baader Bank
15.4xn/a€201.0m
HXCK Ernst Russ
3.8x-18.2%€198.1m
MPCK MPC Münchmeyer Petersen Capital
11.8x5.4%€197.4m
2SY CAB Payments Holdings
9.2x27.2%€177.9m

Price-To-Earnings vs Peers: 2SY is good value based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (10.1x).

Price to Earnings Ratio vs Industry

How does 2SY's PE Ratio compare vs other companies in the European Diversified Financial Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
2SY 9.2xIndustry Avg. 10.7xNo. of Companies13PE01020304050+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2SY is good value based on its Price-To-Earnings Ratio (9.2x) compared to the European Diversified Financial industry average (10.7x).

Price to Earnings Ratio vs Fair Ratio

What is 2SY'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.

2SY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.2x
Fair PE Ratio17.2x

Price-To-Earnings vs Fair Ratio: 2SY is good value based on its Price-To-Earnings Ratio (9.2x) compared to the estimated Fair Price-To-Earnings Ratio (17.2x).

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 2SY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.83
€1.49
+78.4%
33.2%€2.17€1.03n/a3
Nov ’25€1.28
€2.10
+64.1%
19.8%€2.57€1.56n/a3
Oct ’25€1.21
€1.71
+41.0%
26.0%€2.54€1.25n/a5
Sep ’25€1.31
€1.70
+30.1%
26.0%€2.54€1.24n/a5
Aug ’25€1.04
€1.70
+63.8%
26.0%€2.54€1.24n/a5
Jul ’25€1.47
€2.09
+42.2%
27.6%€2.82€1.41n/a3
Jun ’25€1.81
€2.08
+14.8%
27.6%€2.80€1.40n/a3
May ’25€1.52
€2.08
+36.7%
27.6%€2.80€1.40n/a3
Apr ’25€1.04
€1.85
+77.6%
34.2%€2.80€1.17n/a4
Mar ’25€1.07
€2.10
+96.4%
29.4%€2.87€1.17n/a4
Feb ’25€0.90
€2.03
+127.3%
34.4%€2.89€1.17n/a3
Jan ’25€0.94
€2.07
+119.9%
29.4%€2.82€1.15n/a4
Dec ’24€0.65
€2.07
+218.0%
29.4%€2.82€1.15n/a4
Nov ’24€0.68
€2.07
+206.2%
29.4%€2.82€1.15€1.284
Oct ’24€2.64
€5.32
+101.4%
18.1%€6.81€3.90€1.215
Sep ’24€3.14
€5.33
+69.6%
18.1%€6.82€3.90€1.315

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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