Guolian Securities Co., Ltd.

DB:34V Stock Report

Market Cap: €7.6b

Guolian Securities Valuation

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

Discounted Cash Flow
Simply Wall St
€0.37
Fair Value
23.0% overvalued intrinsic discount
2
Number of Analysts

Below Fair Value: 34V (€0.46) 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 Ratio58.8x
EarningsCN¥340.39m
Market CapCN¥57.84b

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 Average54.8x
FTK flatexDEGIRO
15.5x9.5%€1.8b
T2G Tradegate Wertpapierhandelsbank
86.6xn/a€2.2b
BFV Berliner Effektengesellschaft
61.8xn/a€829.4m
JDC JDC Group
55.4x19.7%€309.6m
34V Guolian Securities
58.8x48.3%€61.9b

Price-To-Earnings vs Peers: 34V is expensive based on its Price-To-Earnings Ratio (58.8x) compared to the peer average (55.1x).

Price to Earnings Ratio vs Industry

How does 34V's PE Ratio compare vs other companies in the DE Capital Markets Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HXCK Ernst Russ
3.8x-19.3%US$211.04m
SPT6 Sparta
2.6xn/aUS$175.78m
XE8 Black Sea Property
0.7xn/aUS$7.68m
No more companies available in this PE range
34V 58.8xIndustry Avg. 19.1xNo. of Companies7PE01632486480+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 34V is expensive based on its Price-To-Earnings Ratio (58.8x) compared to the German Capital Markets industry average (19x).

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 Ratio58.8x
Fair PE Ratio39.3x

Price-To-Earnings vs Fair Ratio: 34V is expensive based on its Price-To-Earnings Ratio (58.8x) compared to the estimated Fair Price-To-Earnings Ratio (39.3x).

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€0.46
€0.61
+33.2%
20.0%€0.74€0.49n/a2
Jan ’26€0.55
€0.61
+11.4%
20.0%€0.74€0.49n/a2
Dec ’25€0.51
€0.57
+12.3%
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
€0.49
+3.1%
3.0%€0.50€0.47n/a3
Sep ’25€0.31
€0.49
+58.6%
3.0%€0.50€0.47n/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
+19.0%
1.4%€0.51€0.50n/a2
Apr ’25€0.37
€0.50
+35.7%
1.4%€0.51€0.50n/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€0.52€0.552
Dec ’24€0.41
€0.58
+42.9%
10.8%€0.65€0.52€0.512
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
Analyst Price Target
Consensus Narrative from 2 Analysts
€0.59
Fair Value
21.6% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/22 18:52
End of Day Share Price 2025/01/22 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

Guolian Securities Co., Ltd. is covered by 13 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sau Shing ChowABCI Securities Company Limited
Susie LiuBofA Global Research
Ce ZhouChasing Securities