IntegraFin Holdings plc

DB:84N Stock Report

Market Cap: €1.6b

IntegraFin Holdings Valuation

Is 84N 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 84N when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 84N (€4.64) is trading above our estimate of fair value (€3.86)

Significantly Below Fair Value: 84N is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 84N?

Key metric: As 84N is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 84N. This is calculated by dividing 84N's market cap by their current earnings.
What is 84N's PE Ratio?
PE Ratio24.7x
EarningsUK£52.30m
Market CapUK£1.29b

Price to Earnings Ratio vs Peers

How does 84N's PE Ratio compare to its peers?

The above table shows the PE ratio for 84N vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.3x
DB1 Deutsche Börse
22.4x5.4%€41.3b
FTK flatexDEGIRO
14.2x8.1%€1.7b
MLP MLP
10.1x7.8%€649.2m
T2G Tradegate Wertpapierhandelsbank
86.6xn/a€2.2b
84N IntegraFin Holdings
24.7x9.5%€1.3b

Price-To-Earnings vs Peers: 84N is good value based on its Price-To-Earnings Ratio (24.7x) compared to the peer average (33.3x).

Price to Earnings Ratio vs Industry

How does 84N's PE Ratio compare vs other companies in the DE Capital Markets Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AR40 AURELIUS Equity Opportunities SE KGaA
3.5xn/aUS$368.10m
HXCK Ernst Russ
3.8x-19.3%US$208.77m
VG8 Varengold Bank
2xn/aUS$26.12m
XE8 Black Sea Property
0.7xn/aUS$7.73m
No more companies available in this PE range
84N 24.7xIndustry Avg. 20.0xNo. of Companies7PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 84N is expensive based on its Price-To-Earnings Ratio (24.7x) compared to the German Capital Markets industry average (20.1x).

Price to Earnings Ratio vs Fair Ratio

What is 84N'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.

84N PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.7x
Fair PE Ratio14.1x

Price-To-Earnings vs Fair Ratio: 84N is expensive based on its Price-To-Earnings Ratio (24.7x) compared to the estimated Fair Price-To-Earnings Ratio (14.1x).

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 84N forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€4.64
€4.43
-4.6%
11.7%€5.31€3.48n/a12
Dec ’25€4.60
€4.42
-3.9%
11.7%€5.30€3.47n/a12
Nov ’25€4.32
€4.39
+1.6%
11.7%€5.26€3.44n/a12
Oct ’25€4.40
€4.35
-1.1%
12.0%€5.25€3.44n/a12
Sep ’25€4.52
€4.26
-5.8%
11.7%€5.23€3.42n/a12
Aug ’25€4.54
€4.22
-7.0%
10.3%€4.76€3.43n/a12
Jul ’25€4.06
€4.11
+1.1%
9.7%€4.60€3.40n/a11
Jun ’25€4.06
€4.07
+0.2%
9.4%€4.58€3.38n/a12
May ’25€3.48
€3.88
+11.5%
8.1%€4.51€3.37n/a12
Apr ’25€3.18
€3.83
+20.5%
8.9%€4.50€3.22n/a11
Mar ’25€3.15
€3.83
+21.7%
8.9%€4.50€3.22n/a11
Feb ’25€3.31
€3.84
+15.9%
9.7%€4.51€3.22n/a12
Jan ’25€3.41
€3.69
+8.2%
13.5%€4.45€2.71n/a11
Dec ’24€2.83
€3.56
+25.8%
14.4%€4.42€2.70€4.6011
Nov ’24€2.46
€3.58
+45.5%
12.4%€4.41€2.69€4.3212
Oct ’24€2.73
€3.80
+39.1%
10.4%€4.49€3.21€4.4012
Sep ’24€2.72
€3.78
+38.8%
10.0%€4.45€3.18€4.5212
Aug ’24€2.78
€3.78
+36.0%
10.0%€4.45€3.18€4.5412
Jul ’24€2.72
€3.93
+44.1%
7.4%€4.48€3.49€4.0612
Jun ’24€2.90
€3.93
+35.2%
7.4%€4.48€3.49€4.0612
May ’24€3.01
€3.85
+27.9%
6.9%€4.35€3.39€3.4812
Apr ’24€3.04
€3.85
+26.7%
7.4%€4.38€3.24€3.1812
Mar ’24€3.12
€3.85
+23.5%
7.4%€4.38€3.24€3.1512
Feb ’24€3.52
€3.75
+6.7%
14.0%€4.38€2.28€3.3111
Jan ’24€3.38
€3.77
+11.6%
14.7%€4.41€2.29€3.4110
Dec ’23€3.36
€3.56
+6.0%
16.0%€4.41€2.29€2.8311

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/17 14:56
End of Day Share Price 2024/12/17 00:00
Earnings2024/03/31
Annual Earnings2023/09/30

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 here.

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 .

Analyst Sources

IntegraFin Holdings plc is covered by 18 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alexander MedhurstBarclays
Michael SandersonBarclays
Alexander BowersBerenberg