Alaris Equity Partners Income Trust

DB:5UK Stock Report

Market Cap: €595.1m

Alaris Equity Partners Income Trust Valuation

Is 5UK 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 5UK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 5UK (€12.94) is trading below our estimate of fair value (€56.19)

Significantly Below Fair Value: 5UK is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 5UK?

Key metric: As 5UK is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 5UK. This is calculated by dividing 5UK's market cap by their current earnings.
What is 5UK's PE Ratio?
PE Ratio4.5x
EarningsCA$197.21m
Market CapCA$882.66m

Price to Earnings Ratio vs Peers

How does 5UK's PE Ratio compare to its peers?

The above table shows the PE ratio for 5UK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.3x
MLP MLP
9.9x7.8%€649.2m
AR4 AURELIUS Equity Opportunities SE KGaA
3.8xn/a€389.6m
DBAN Deutsche Beteiligungs
24.4x54.1%€428.9m
O4B OVB Holding
15.2x3.5%€279.3m
5UK Alaris Equity Partners Income Trust
4.5x-36.9%€882.7m

Price-To-Earnings vs Peers: 5UK is good value based on its Price-To-Earnings Ratio (4.5x) compared to the peer average (13.5x).

Price to Earnings Ratio vs Industry

How does 5UK's PE Ratio compare vs other companies in the DE Capital Markets Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AR4 AURELIUS Equity Opportunities SE KGaA
3.8xn/aUS$412.19m
HXCK Ernst Russ
3.7x-18.2%US$208.47m
VG8 Varengold Bank
2xn/aUS$26.85m
XE8 Black Sea Property
0.7xn/aUS$7.80m
No more companies available in this PE range
5UK 4.5xIndustry Avg. 21.1xNo. of Companies6PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 5UK is good value based on its Price-To-Earnings Ratio (4.5x) compared to the German Capital Markets industry average (20.7x).

Price to Earnings Ratio vs Fair Ratio

What is 5UK'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.

5UK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.5x
Fair PE Ratio6.2x

Price-To-Earnings vs Fair Ratio: 5UK is good value based on its Price-To-Earnings Ratio (4.5x) compared to the estimated Fair Price-To-Earnings Ratio (6.2x).

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 5UK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€12.87
€15.80
+22.8%
3.2%€16.37€15.03n/a5
Nov ’25€11.65
€14.98
+28.5%
5.2%€16.42€14.07n/a5
Oct ’25€11.58
€14.34
+23.9%
7.1%€16.16€13.19n/a5
Sep ’25€10.94
€14.34
+31.1%
7.1%€16.16€13.19n/a5
Aug ’25€10.76
€14.09
+30.9%
9.5%€16.40€12.05n/a6
Jul ’25€10.64
€14.21
+33.6%
9.5%€16.55€12.16n/a6
Jun ’25€10.48
€14.21
+35.6%
9.5%€16.55€12.16n/a6
May ’25€10.53
€14.34
+36.1%
9.4%€16.73€12.29n/a6
Apr ’25€11.34
€14.27
+25.8%
9.4%€16.65€12.23n/a6
Mar ’25€10.94
€14.11
+28.9%
11.0%€16.86€11.70n/a6
Feb ’25€11.36
€14.03
+23.5%
11.1%€16.83€11.68n/a6
Jan ’25€11.02
€13.51
+22.6%
13.4%€16.62€10.85n/a6
Dec ’24€10.21
€13.51
+32.3%
13.4%€16.62€10.85n/a6
Nov ’24€8.41
€13.58
+61.5%
15.2%€16.81€10.29€11.656
Oct ’24€9.73
€14.47
+48.8%
9.8%€16.72€12.28€11.586
Sep ’24€10.14
€14.47
+42.8%
9.8%€16.72€12.28€10.946
Aug ’24€10.74
€14.68
+36.7%
8.3%€15.95€12.22€10.766
Jul ’24€10.35
€14.68
+41.8%
8.3%€15.95€12.22€10.646
Jun ’24€10.57
€14.68
+38.9%
8.3%€15.95€12.22€10.486
May ’24€11.45
€14.85
+29.7%
8.1%€16.41€12.73€10.536
Apr ’24€11.05
€14.95
+35.2%
7.8%€16.65€12.91€11.346
Mar ’24€12.20
€15.20
+24.6%
7.6%€17.12€13.28€10.946
Feb ’24€12.21
€14.45
+18.3%
6.1%€15.48€13.07€11.366
Jan ’24€10.99
€15.12
+37.5%
8.5%€16.72€13.09€11.026
Dec ’23€12.12
€15.12
+24.7%
8.5%€16.72€13.09€10.216
Nov ’23€11.61
€15.64
+34.7%
9.4%€17.47€13.38€8.416

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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