Guolian Securities Co., Ltd.

DB:34V Stock Report

Market Cap: €3.9b

Guolian Securities Valuation

Is 34V 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 34V when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 34V (€0.49) is trading above our estimate of fair value (€0.37)

Significantly Below Fair Value: 34V is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 34V?

Key metric: As 34V is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 34V. This is calculated by dividing 34V's market cap by their current earnings.
What is 34V's PE Ratio?
PE Ratio31.9x
EarningsCN¥340.39m
Market CapCN¥29.84b

Price to Earnings Ratio vs Peers

How does 34V's PE Ratio compare to its peers?

The above table shows the PE ratio for 34V vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average53.6x
FTK flatexDEGIRO
12.4x8.5%€1.4b
T2G Tradegate Wertpapierhandelsbank
86.6xn/a€2.2b
BFV Berliner Effektengesellschaft
59.4xn/a€816.3m
JDC JDC Group
56.1x24.8%€313.7m
34V Guolian Securities
31.9x44.8%€32.1b

Price-To-Earnings vs Peers: 34V is good value based on its Price-To-Earnings Ratio (31.9x) compared to the peer average (53.6x).

Price to Earnings Ratio vs Industry

How does 34V'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$413.77m
HXCK Ernst Russ
3.7x-18.2%US$205.53m
VG8 Varengold Bank
1.9xn/aUS$24.20m
XE8 Black Sea Property
0.7xn/aUS$7.73m
No more companies available in this PE range
34V 31.9xIndustry Avg. 20.3xNo. of Companies6PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 34V is expensive based on its Price-To-Earnings Ratio (31.9x) compared to the German Capital Markets industry average (20.1x).

Price to Earnings Ratio vs Fair Ratio

What is 34V'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.

34V PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.9x
Fair PE Ratio30.9x

Price-To-Earnings vs Fair Ratio: 34V is expensive based on its Price-To-Earnings Ratio (31.9x) compared to the estimated Fair Price-To-Earnings Ratio (30.9x).

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 34V forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.49
€0.57
+15.8%
19.1%€0.72€0.48n/a3
Nov ’25€0.49
€0.68
+38.5%
40.4%€1.07€0.47n/a3
Oct ’25€0.47
€0.48
+1.8%
3.0%€0.50€0.46n/a3
Sep ’25€0.31
€0.48
+56.7%
3.0%€0.50€0.46n/a3
Aug ’25€0.32
€0.51
+58.1%
3.1%€0.53€0.49n/a3
Jul ’25€0.32
€0.51
+58.1%
3.1%€0.53€0.49n/a3
Jun ’25€0.38
€0.51
+34.7%
3.1%€0.53€0.49n/a3
May ’25€0.42
€0.50
+18.6%
1.4%€0.51€0.49n/a2
Apr ’25€0.37
€0.50
+35.3%
1.4%€0.51€0.49n/a2
Mar ’25€0.36
€0.56
+56.6%
10.8%€0.62€0.50n/a2
Feb ’25€0.34
€0.56
+67.8%
10.8%€0.62€0.50n/a2
Jan ’25€0.38
€0.58
+54.2%
10.8%€0.65€0.52n/a2
Dec ’24€0.41
€0.58
+42.9%
10.8%€0.65€0.52n/a2
Nov ’24€0.39
€0.58
+49.5%
10.8%€0.65€0.52€0.492
Oct ’24€0.41
€0.56
+36.5%
9.0%€0.62€0.50€0.473
Sep ’24€0.41
€0.56
+36.5%
9.0%€0.62€0.50€0.313
Aug ’24€0.41
€0.52
+24.9%
6.3%€0.56€0.49€0.323
Jul ’24€0.40
€0.52
+28.6%
6.3%€0.56€0.49€0.323
Jun ’24€0.42
€0.52
+23.7%
6.3%€0.56€0.49€0.383
May ’24€0.43
€0.52
+20.8%
6.3%€0.56€0.49€0.423
Apr ’24€0.44
€0.51
+17.3%
4.0%€0.54€0.50€0.373
Mar ’24€0.45
€0.52
+16.1%
4.8%€0.55€0.50€0.362
Feb ’24€0.49
€0.52
+7.5%
4.8%€0.55€0.50€0.342
Jan ’24€0.48
€0.52
+10.3%
4.8%€0.55€0.50€0.382
Dec ’23€0.50
€0.52
+5.4%
4.8%€0.55€0.50€0.412
Nov ’23€0.44
€0.52
+20.4%
4.8%€0.55€0.50€0.392

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

Discover undervalued companies

Pepper Money

AU$581.0m

Operates as a non-bank lender in the mortgage and asset finance markets in Australia and New Zealand.

X95

AU$0.80

7D

-1.9%

1Y

13.6%

Yeahka

HK$4.2b

An investment holding company, provides payment and business services to merchants and consumers in the People’s Republic of China.

4YE

HK$1.18

7D

-6.3%

1Y

-27.2%

ORIX

JP¥3.8t

Provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East.

OIX

JP¥20.40

7D

0%

1Y

22.9%