Invesco Ltd.

DB:3IW Stock Report

Market Cap: €6.3b

Invesco Valuation

Is 3IW undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 3IW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€33.97
Fair Value
58.0% undervalued intrinsic discount
15
Number of Analysts

Below Fair Value: 3IW (€14.27) is trading below our estimate of fair value (€33.97)

Significantly Below Fair Value: 3IW is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3IW?

Key metric: As 3IW is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3IW. This is calculated by dividing 3IW's market cap by their current earnings.
What is 3IW's PE Ratio?
PE Ratio12.7x
EarningsUS$538.00m
Market CapUS$6.86b

Price to Earnings Ratio vs Peers

How does 3IW's PE Ratio compare to its peers?

The above table shows the PE ratio for 3IW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.3x
DWS DWS Group GmbH KGaA
16.4x11.9%€10.6b
MLP MLP
12.1x7.7%€839.6m
O4B OVB Holding
17.7x3.5%€327.8m
MPCK MPC Münchmeyer Petersen Capital
10.8x11.1%€181.5m
3IW Invesco
12.7x10.9%€6.9b

Price-To-Earnings vs Peers: 3IW is good value based on its Price-To-Earnings Ratio (12.7x) compared to the peer average (14.3x).

Price to Earnings Ratio vs Industry

How does 3IW'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$215.89m
SPT6 Sparta
1xn/aUS$74.13m
XE8 Black Sea Property
0.7xn/aUS$7.98m
No more companies available in this PE range
3IW 12.7xIndustry Avg. 22.2xNo. of Companies8PE020406080100+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3IW is good value based on its Price-To-Earnings Ratio (12.7x) compared to the German Capital Markets industry average (22.2x).

Price to Earnings Ratio vs Fair Ratio

What is 3IW'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.

3IW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.7x
Fair PE Ratio16.6x

Price-To-Earnings vs Fair Ratio: 3IW is good value based on its Price-To-Earnings Ratio (12.7x) compared to the estimated Fair Price-To-Earnings Ratio (16.6x).

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 3IW forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€14.27
€17.99
+26.1%
5.3%€20.33€16.64n/a15
Mar ’26€16.45
€19.09
+16.1%
4.9%€21.18€17.33n/a16
Feb ’26€18.41
€18.74
+1.8%
6.2%€21.13€16.33n/a16
Jan ’26€16.78
€18.19
+8.4%
4.5%€19.17€16.77n/a16
Dec ’25€16.97
€18.12
+6.8%
5.9%€20.82€16.56n/a16
Nov ’25€15.78
€17.59
+11.4%
6.2%€20.40€16.22n/a16
Oct ’25€15.64
€15.82
+1.2%
6.1%€18.07€14.45n/a16
Sep ’25€15.16
€15.68
+3.4%
5.7%€17.88€14.31n/a15
Aug ’25€15.86
€15.99
+0.8%
6.3%€18.50€14.80n/a14
Jul ’25€13.82
€15.57
+12.6%
7.0%€18.16€13.97n/a14
Jun ’25€14.08
€15.64
+11.1%
7.0%€18.27€14.05n/a14
May ’25€13.41
€15.64
+16.7%
7.0%€18.27€14.05n/a14
Apr ’25€15.12
€16.57
+9.6%
7.8%€19.55€14.90n/a15
Mar ’25€14.17
€16.53
+16.7%
7.7%€19.48€14.84€16.4515
Feb ’25€14.56
€16.33
+12.1%
8.7%€19.39€13.85€18.4115
Jan ’25€16.22
€14.20
-12.4%
12.2%€18.16€11.80€16.7814
Dec ’24€13.00
€13.55
+4.2%
7.0%€15.62€11.94€16.9714
Nov ’24€12.22
€13.86
+13.4%
7.3%€16.01€12.24€15.7814
Oct ’24€13.60
€16.45
+21.0%
7.6%€19.73€14.79€15.6414
Sep ’24€14.60
€16.39
+12.3%
6.8%€19.31€14.72€15.1614
Aug ’24€15.17
€16.21
+6.9%
6.8%€19.10€14.55€15.8614
Jul ’24€15.30
€16.41
+7.3%
9.0%€19.45€13.89€13.8214
Jun ’24€13.37
€16.60
+24.1%
8.9%€19.58€13.98€14.0814
May ’24€15.53
€16.37
+5.5%
8.4%€19.14€13.67€13.4114
Apr ’24€14.67
€16.67
+13.6%
8.2%€19.37€13.84€15.1214
Mar ’24€16.55
€17.07
+3.1%
8.8%€19.64€13.56€14.1714
Analyst Price Target
Consensus Narrative from 15 Analysts
€18.13
Fair Value
21.3% undervalued intrinsic discount
15
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/24 11:08
End of Day Share Price 2025/03/21 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Invesco Ltd. is covered by 30 analysts. 10 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
Benjamin BudishBarclays
Roger FreemanBarclays