Antin Infrastructure Partners SAS

DB:8ZU Stock Report

Market Cap: €1.8b

Antin Infrastructure Partners SAS Valuation

Is 8ZU 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 8ZU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8ZU (€10.12) is trading below our estimate of fair value (€15.09)

Significantly Below Fair Value: 8ZU is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8ZU?

Key metric: As 8ZU is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 8ZU. This is calculated by dividing 8ZU's market cap by their current earnings.
What is 8ZU's PE Ratio?
PE Ratio15.6x
Earnings€115.88m
Market Cap€1.81b

Price to Earnings Ratio vs Peers

How does 8ZU's PE Ratio compare to its peers?

The above table shows the PE ratio for 8ZU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.6x
MLP MLP
9.9x8.3%€640.5m
AR4 AURELIUS Equity Opportunities SE KGaA
3.9xn/a€389.6m
DWS DWS Group GmbH KGaA
13x12.7%€7.8b
O4B OVB Holding
15.3x3.5%€283.6m
8ZU Antin Infrastructure Partners SAS
15.6x21.3%€1.8b

Price-To-Earnings vs Peers: 8ZU is expensive based on its Price-To-Earnings Ratio (15.6x) compared to the peer average (10.6x).


Price to Earnings Ratio vs Industry

How does 8ZU'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$411.59m
HXCK Ernst Russ
3.7x-18.2%US$208.06m
VG8 Varengold Bank
1.9xn/aUS$25.70m
XE8 Black Sea Property
0.7xn/aUS$7.79m
No more companies available in this PE range
8ZU 15.6xIndustry Avg. 20.3xNo. of Companies6PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 8ZU is good value based on its Price-To-Earnings Ratio (15.6x) compared to the German Capital Markets industry average (20.3x).


Price to Earnings Ratio vs Fair Ratio

What is 8ZU'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.

8ZU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.6x
Fair PE Ratio17.5x

Price-To-Earnings vs Fair Ratio: 8ZU is good value based on its Price-To-Earnings Ratio (15.6x) 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 8ZU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€10.12
€14.89
+47.1%
17.1%€21.00€11.70n/a9
Nov ’25€10.60
€15.17
+43.1%
15.2%€21.00€12.50n/a9
Oct ’25€12.02
€15.28
+27.1%
14.7%€21.00€12.50n/a9
Sep ’25€12.48
€15.86
+27.0%
14.8%€21.50€13.60n/a9
Aug ’25€12.24
€15.97
+30.4%
15.0%€21.50€13.00n/a9
Jul ’25€11.42
€16.02
+40.3%
13.4%€20.00€13.00n/a9
Jun ’25€12.70
€16.38
+29.0%
13.1%€20.00€13.00n/a9
May ’25€12.02
€16.54
+37.6%
13.4%€20.00€13.00n/a9
Apr ’25€13.32
€16.84
+26.5%
15.6%€22.00€13.00n/a9
Mar ’25€14.74
€17.94
+21.7%
17.5%€25.00€14.00n/a8
Feb ’25€16.49
€17.13
+3.9%
20.3%€25.00€13.50n/a8
Jan ’25€13.59
€17.44
+28.3%
21.5%€25.00€14.00n/a8
Dec ’24€12.11
€16.96
+40.1%
23.7%€25.00€13.10n/a8
Nov ’24€11.10
€20.08
+80.9%
23.9%€31.00€14.60€10.608
Oct ’24€12.21
€20.26
+66.0%
23.2%€31.00€14.60€12.028
Sep ’24€13.38
€20.26
+51.4%
23.2%€31.00€14.60€12.488
Aug ’24€15.62
€19.73
+26.3%
20.4%€28.00€14.60€12.248
Jul ’24€14.78
€21.25
+43.8%
20.5%€28.00€14.60€11.428
Jun ’24€14.74
€22.29
+51.2%
16.6%€28.00€17.20€12.707
May ’24€15.25
€22.29
+46.1%
16.6%€28.00€17.20€12.027
Apr ’24€16.61
€23.44
+41.1%
16.4%€30.00€18.10€13.327
Mar ’24€20.28
€25.59
+26.2%
8.2%€30.00€23.00€14.747
Feb ’24€20.68
€25.92
+25.3%
10.4%€30.00€22.30€16.496
Jan ’24€20.40
€26.25
+28.7%
10.8%€30.00€22.30€13.596
Dec ’23€22.76
€26.20
+15.1%
11.8%€30.00€22.30€12.115
Nov ’23€22.34
€28.73
+28.6%
3.9%€30.00€26.90€11.104

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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