EQT AB (publ)

DB:6EQ Stock Report

Market Cap: €32.4b

EQT Valuation

Is 6EQ 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 6EQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6EQ (€27.48) is trading below our estimate of fair value (€29.93)

Significantly Below Fair Value: 6EQ is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6EQ?

Key metric: As 6EQ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 6EQ. This is calculated by dividing 6EQ's market cap by their current earnings.
What is 6EQ's PE Ratio?
PE Ratio107.5x
Earnings€301.20m
Market Cap€32.37b

Price to Earnings Ratio vs Peers

How does 6EQ's PE Ratio compare to its peers?

The above table shows the PE ratio for 6EQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.2x
DWS DWS Group GmbH KGaA
13.1x12.7%€7.8b
DB1 Deutsche Börse
21.8x5.4%€40.4b
DBK Deutsche Bank
7.9x12.6%€30.6b
MLP MLP
10x8.3%€644.9m
6EQ EQT
107.5x33.5%€373.1b

Price-To-Earnings vs Peers: 6EQ is expensive based on its Price-To-Earnings Ratio (107.5x) compared to the peer average (13.2x).

Price to Earnings Ratio vs Industry

How does 6EQ's PE Ratio compare vs other companies in the DE Capital Markets Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HXCK Ernst Russ
3.6x-18.2%US$201.25m
VG8 Varengold Bank
2xn/aUS$25.65m
XE8 Black Sea Property
0.7xn/aUS$7.78m
No more companies available in this PE range
6EQ 107.5xIndustry Avg. 20.3xNo. of Companies6PE01632486480+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 6EQ is expensive based on its Price-To-Earnings Ratio (107.5x) compared to the German Capital Markets industry average (20.3x).

Price to Earnings Ratio vs Fair Ratio

What is 6EQ'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.

6EQ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio107.5x
Fair PE Ratio29.2x

Price-To-Earnings vs Fair Ratio: 6EQ is expensive based on its Price-To-Earnings Ratio (107.5x) compared to the estimated Fair Price-To-Earnings Ratio (29.2x).

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 6EQ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€27.48
€31.00
+12.8%
10.2%€37.74€24.93n/a13
Nov ’25€26.56
€31.20
+17.5%
11.2%€37.74€24.93n/a13
Oct ’25€30.06
€31.21
+3.8%
10.3%€39.04€26.50n/a13
Sep ’25€30.02
€31.24
+4.1%
9.6%€39.54€28.37n/a13
Aug ’25€30.51
€31.13
+2.0%
9.9%€39.54€28.37n/a11
Jul ’25€27.85
€30.81
+10.6%
4.2%€33.51€28.78n/a11
Jun ’25€27.91
€30.49
+9.2%
6.5%€33.51€26.63n/a10
May ’25€25.84
€29.83
+15.5%
9.1%€33.86€25.24n/a10
Apr ’25€29.71
€29.10
-2.1%
9.8%€35.79€25.06n/a11
Mar ’25€27.23
€26.54
-2.5%
11.3%€32.24€21.05n/a12
Feb ’25€24.85
€25.89
+4.2%
11.7%€31.63€21.05n/a12
Jan ’25€25.77
€23.77
-7.8%
10.9%€26.68€17.26n/a12
Dec ’24€21.68
€23.29
+7.4%
13.4%€26.68€17.26n/a12
Nov ’24€17.14
€23.31
+36.0%
12.8%€26.68€17.26€26.5613
Oct ’24€18.70
€23.42
+25.2%
12.9%€28.48€17.35€30.0613
Sep ’24€18.49
€23.02
+24.5%
14.2%€27.76€17.35€30.0214
Aug ’24€20.73
€23.18
+11.8%
14.5%€27.76€17.35€30.5114
Jul ’24€17.63
€23.31
+32.3%
15.8%€28.05€17.25€27.8513
Jun ’24€17.16
€23.67
+38.0%
16.2%€28.27€17.25€27.9113
May ’24€18.86
€23.83
+26.4%
16.0%€28.27€17.25€25.8413
Apr ’24€17.86
€24.61
+37.8%
17.9%€32.19€17.08€29.7113
Mar ’24€21.33
€24.61
+15.4%
17.9%€32.19€17.08€27.2313
Feb ’24€20.71
€24.50
+18.3%
18.3%€32.19€17.08€24.8513
Jan ’24€20.26
€25.07
+23.8%
17.4%€31.51€17.08€25.7713
Dec ’23€21.67
€25.64
+18.3%
16.1%€31.51€17.08€21.6812
Nov ’23€20.19
€25.54
+26.5%
16.3%€31.51€17.68€17.1411

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

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