GQG Partners Inc.

DB:6P1 Stock Report

Market Cap: €4.1b

GQG Partners Valuation

Is 6P1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 6P1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6P1 (€1.32) is trading below our estimate of fair value (€3.91)

Significantly Below Fair Value: 6P1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6P1?

Key metric: As 6P1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 6P1. This is calculated by dividing 6P1's market cap by their current earnings.
What is 6P1's PE Ratio?
PE Ratio12.1x
EarningsUS$350.03m
Market CapUS$4.24b

Price to Earnings Ratio vs Peers

How does 6P1's PE Ratio compare to its peers?

The above table shows the PE ratio for 6P1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.6x
DWS DWS Group GmbH KGaA
13.2x12.7%€7.9b
MLP MLP
10x8.3%€642.7m
AR4 AURELIUS Equity Opportunities SE KGaA
3.9xn/a€390.6m
O4B OVB Holding
15.3x3.5%€283.6m
6P1 GQG Partners
12.1x10.2%€6.5b

Price-To-Earnings vs Peers: 6P1 is expensive based on its Price-To-Earnings Ratio (12.1x) compared to the peer average (10.6x).

Price to Earnings Ratio vs Industry

How does 6P1'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$406.78m
HXCK Ernst Russ
3.8x-18.2%US$206.28m
VG8 Varengold Bank
1.8xn/aUS$24.05m
XE8 Black Sea Property
0.7xn/aUS$7.68m
No more companies available in this PE range
6P1 12.1xIndustry Avg. 20.3xNo. of Companies6PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 6P1 is good value based on its Price-To-Earnings Ratio (12.1x) compared to the German Capital Markets industry average (20.3x).

Price to Earnings Ratio vs Fair Ratio

What is 6P1'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.

6P1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.1x
Fair PE Ratio17.5x

Price-To-Earnings vs Fair Ratio: 6P1 is good value based on its Price-To-Earnings Ratio (12.1x) compared to the estimated Fair Price-To-Earnings Ratio (17.5x).

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 6P1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.32
€1.97
+49.3%
15.4%€2.43€1.54n/a9
Nov ’25€1.56
€1.98
+26.9%
11.0%€2.32€1.56n/a9
Oct ’25€1.66
€1.96
+18.3%
11.6%€2.38€1.53n/a9
Sep ’25€1.62
€1.96
+21.0%
11.3%€2.33€1.53n/a9
Aug ’25€1.72
€1.88
+9.1%
12.2%€2.28€1.45n/a9
Jul ’25€1.68
€1.69
+0.4%
8.5%€1.96€1.46n/a9
Jun ’25€1.55
€1.64
+5.6%
9.2%€1.84€1.29n/a9
May ’25€1.29
€1.61
+25.0%
9.1%€1.82€1.30n/a9
Apr ’25€1.30
€1.52
+16.6%
6.8%€1.66€1.30n/a9
Mar ’25€1.31
€1.50
+14.7%
6.3%€1.63€1.30n/a9
Feb ’25€1.20
€1.34
+12.0%
7.8%€1.51€1.18n/a7
Jan ’25€1.05
€1.25
+19.4%
9.3%€1.43€1.10n/a6
Dec ’24€0.90
€1.24
+37.6%
7.9%€1.41€1.11n/a6
Nov ’24€0.79
€1.29
+63.4%
7.7%€1.43€1.14€1.566
Oct ’24€0.82
€1.31
+59.0%
6.5%€1.44€1.21€1.666
Sep ’24€0.90
€1.28
+43.0%
6.7%€1.41€1.17€1.626
Aug ’24€0.94
€1.25
+32.6%
7.5%€1.39€1.15€1.726
Jul ’24€0.83
€1.21
+45.5%
10.2%€1.37€0.94€1.688
Jun ’24€0.77
€1.23
+60.2%
10.6%€1.39€0.95€1.558
May ’24€0.81
€1.20
+49.5%
10.1%€1.35€0.93€1.298
Apr ’24€0.79
€1.26
+59.4%
7.7%€1.38€1.11€1.308
Mar ’24€0.94
€1.28
+37.1%
7.6%€1.40€1.12€1.318
Feb ’24€0.98
€1.24
+25.7%
10.6%€1.40€0.96€1.208
Jan ’24€0.88
€1.23
+40.8%
10.2%€1.40€0.98€1.058
Dec ’23€0.96
€1.25
+29.8%
9.3%€1.38€1.01€0.908
Nov ’23€0.91
€1.32
+45.2%
12.9%€1.55€0.99€0.797

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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