FRP Advisory Group plc

DB:6S6 Stock Report

Market Cap: €463.3m

FRP Advisory Group Valuation

Is 6S6 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 6S6 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6S6 (€1.84) is trading below our estimate of fair value (€2.33)

Significantly Below Fair Value: 6S6 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6S6?

Key metric: As 6S6 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 6S6. This is calculated by dividing 6S6's market cap by their current earnings.
What is 6S6's PE Ratio?
PE Ratio17.5x
EarningsUK£22.00m
Market CapUK£385.05m

Price to Earnings Ratio vs Peers

How does 6S6's PE Ratio compare to its peers?

The above table shows the PE ratio for 6S6 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.1x
JDC JDC Group
56.9x24.8%€317.8m
BWB Baader Bank
15.4xn/a€201.0m
FTK flatexDEGIRO
12.4x8.4%€1.5b
LUS1 Lang & Schwarz
7.6xn/a€180.7m
6S6 FRP Advisory Group
17.5x5.2%€385.0m

Price-To-Earnings vs Peers: 6S6 is good value based on its Price-To-Earnings Ratio (17.5x) compared to the peer average (23.1x).

Price to Earnings Ratio vs Industry

How does 6S6'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
6S6 17.5xIndustry Avg. 20.3xNo. of Companies6PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 6S6 is good value based on its Price-To-Earnings Ratio (17.5x) compared to the German Capital Markets industry average (20.3x).

Price to Earnings Ratio vs Fair Ratio

What is 6S6'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.

6S6 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.5x
Fair PE Ratio11.5x

Price-To-Earnings vs Fair Ratio: 6S6 is expensive based on its Price-To-Earnings Ratio (17.5x) compared to the estimated Fair Price-To-Earnings Ratio (11.5x).

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 6S6 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.84
€2.43
+32.3%
5.4%€2.64€2.28n/a6
Nov ’25€1.65
€2.43
+47.5%
5.4%€2.64€2.28n/a6
Oct ’25€1.62
€2.43
+50.3%
5.4%€2.64€2.28n/a6
Sep ’25€1.69
€2.38
+40.6%
5.4%€2.58€2.23n/a6
Aug ’25€1.47
€2.38
+61.6%
3.9%€2.52€2.26n/a6
Jul ’25€1.33
€2.33
+75.5%
3.9%€2.48€2.22n/a6
Jun ’25€1.48
€2.33
+57.7%
3.9%€2.48€2.22n/a6
May ’25€1.30
€2.06
+58.5%
10.4%€2.46€1.74n/a6
Apr ’25€1.26
€2.06
+63.5%
10.4%€2.46€1.74n/a6
Mar ’25€1.30
€2.06
+58.5%
10.4%€2.46€1.74n/a6
Feb ’25€1.41
€2.06
+46.1%
10.4%€2.46€1.74n/a6
Jan ’25€1.48
€2.06
+39.2%
10.4%€2.46€1.74n/a6
Dec ’24€1.39
€1.96
+41.4%
10.4%€2.36€1.71n/a6
Nov ’24€1.22
€1.99
+63.5%
10.4%€2.40€1.74€1.656
Oct ’24€1.29
€2.04
+58.5%
8.5%€2.39€1.85€1.626
Sep ’24€1.24
€2.09
+68.6%
8.6%€2.41€1.86€1.695
Aug ’24€1.27
€2.09
+64.7%
8.6%€2.41€1.86€1.475
Jul ’24€1.37
€2.05
+49.7%
7.2%€2.30€1.84€1.335
Jun ’24€1.20
€2.05
+70.9%
7.2%€2.30€1.84€1.485
May ’24€1.16
€2.03
+74.7%
6.1%€2.25€1.91€1.305
Apr ’24€1.12
€2.03
+81.0%
6.1%€2.25€1.91€1.265
Mar ’24€1.33
€2.03
+52.4%
6.1%€2.25€1.91€1.305
Feb ’24€1.61
€2.12
+31.4%
4.2%€2.29€2.06€1.415
Jan ’24€1.71
€2.11
+23.6%
4.0%€2.29€2.07€1.486
Dec ’23€1.87
€2.09
+11.9%
4.9%€2.29€1.95€1.396
Nov ’23€1.73
€2.09
+21.0%
4.9%€2.29€1.95€1.226

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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