Tatton Asset Management plc

DB:2T7 Stock Report

Market Cap: €502.2m

Tatton Asset Management Valuation

Is 2T7 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 2T7 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2T7 (€8.25) is trading above our estimate of fair value (€5.14)

Significantly Below Fair Value: 2T7 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2T7?

Key metric: As 2T7 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2T7. This is calculated by dividing 2T7's market cap by their current earnings.
What is 2T7's PE Ratio?
PE Ratio27.1x
EarningsUK£15.40m
Market CapUK£417.39m

Price to Earnings Ratio vs Peers

How does 2T7's PE Ratio compare to its peers?

The above table shows the PE ratio for 2T7 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.4x
MLP MLP
10x8.3%€642.7m
AR4 AURELIUS Equity Opportunities SE KGaA
3.9xn/a€388.5m
O4B OVB Holding
15.3x3.5%€283.6m
DBAN Deutsche Beteiligungs
24.4x54.1%€420.9m
2T7 Tatton Asset Management
27.1x11.9%€417.4m

Price-To-Earnings vs Peers: 2T7 is expensive based on its Price-To-Earnings Ratio (27.1x) compared to the peer average (13.4x).

Price to Earnings Ratio vs Industry

How does 2T7's PE Ratio compare vs other companies in the DE Capital Markets Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AR4 AURELIUS Equity Opportunities SE KGaA
3.9xn/aUS$404.56m
HXCK Ernst Russ
3.8x-18.2%US$205.92m
VG8 Varengold Bank
1.8xn/aUS$24.01m
XE8 Black Sea Property
0.7xn/aUS$7.68m
No more companies available in this PE range
2T7 27.1xIndustry Avg. 20.3xNo. of Companies6PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2T7 is expensive based on its Price-To-Earnings Ratio (27.1x) compared to the German Capital Markets industry average (19.9x).

Price to Earnings Ratio vs Fair Ratio

What is 2T7'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.

2T7 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.1x
Fair PE Ratio12.6x

Price-To-Earnings vs Fair Ratio: 2T7 is expensive based on its Price-To-Earnings Ratio (27.1x) compared to the estimated Fair Price-To-Earnings Ratio (12.6x).

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 2T7 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€8.25
€8.99
+9.0%
6.5%€9.62€8.24n/a4
Nov ’25€8.00
€8.67
+8.4%
8.8%€9.60€7.68n/a4
Oct ’25€8.00
€8.51
+6.4%
9.5%€9.51€7.61n/a4
Sep ’25€8.35
€8.51
+2.0%
9.5%€9.51€7.61n/a4
Aug ’25€8.25
€8.30
+0.7%
7.2%€9.11€7.62n/a4
Jul ’25€7.80
€8.18
+4.9%
6.9%€9.05€7.57n/a4
Jun ’25€7.05
€7.87
+11.6%
6.1%€8.60€7.25n/a4
May ’25€6.60
€7.55
+14.4%
10.6%€8.60€6.44n/a4
Apr ’25€6.45
€7.16
+11.1%
11.5%€8.55€6.39n/a4
Mar ’25€6.30
€7.16
+13.7%
11.5%€8.55€6.39n/a4
Feb ’25€6.20
€7.16
+15.6%
11.5%€8.55€6.39n/a4
Jan ’25€6.10
€7.03
+15.3%
12.0%€8.48€6.34n/a4
Dec ’24€5.90
€7.01
+18.9%
12.0%€8.45€6.32n/a4
Nov ’24€5.20
€7.00
+34.6%
12.0%€8.44€6.31€8.004
Oct ’24€5.60
€7.06
+26.2%
12.0%€8.51€6.37€8.004
Sep ’24€5.60
€7.06
+26.2%
12.0%€8.51€6.37€8.354
Aug ’24€5.40
€7.06
+30.8%
12.0%€8.51€6.37€8.254
Jul ’24€5.10
€7.06
+38.5%
12.0%€8.51€6.37€7.804
Jun ’24€5.15
€6.57
+27.6%
6.1%€7.14€6.23€7.053
May ’24€5.20
€6.57
+26.3%
6.1%€7.14€6.23€6.603
Apr ’24€4.88
€6.38
+30.8%
11.0%€7.32€5.63€6.453
Mar ’24€5.10
€6.38
+25.2%
11.0%€7.32€5.63€6.303
Feb ’24€5.05
€6.38
+26.3%
12.9%€7.54€5.80€6.203
Jan ’24€5.05
€6.38
+26.3%
12.9%€7.54€5.80€6.103
Dec ’23€5.25
€6.38
+21.5%
12.9%€7.54€5.80€5.903
Nov ’23€3.98
€6.17
+55.0%
15.2%€7.47€5.29€5.203

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

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