Bolsa Mexicana de Valores, S.A.B. de C.V.

DB:BC51 Stock Report

Market Cap: €869.0m

Bolsa Mexicana de Valores. de Valuation

Is BC51 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 BC51 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BC51 (€1.52) is trading above our estimate of fair value (€1.5)

Significantly Below Fair Value: BC51 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BC51?

Key metric: As BC51 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BC51. This is calculated by dividing BC51's market cap by their current earnings.
What is BC51's PE Ratio?
PE Ratio11.7x
EarningsMex$1.58b
Market CapMex$18.53b

Price to Earnings Ratio vs Peers

How does BC51's PE Ratio compare to its peers?

The above table shows the PE ratio for BC51 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.9x
MLP MLP
10x8.3%€642.7m
DB1 Deutsche Börse
21.4x4.6%€39.5b
FTK flatexDEGIRO
12.4x8.4%€1.5b
AR4 AURELIUS Equity Opportunities SE KGaA
3.9xn/a€390.6m
BC51 Bolsa Mexicana de Valores. de
11.7x3.8%€18.5b

Price-To-Earnings vs Peers: BC51 is good value based on its Price-To-Earnings Ratio (11.7x) compared to the peer average (11.9x).

Price to Earnings Ratio vs Industry

How does BC51'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
BC51 11.7xIndustry Avg. 20.3xNo. of Companies6PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BC51 is good value based on its Price-To-Earnings Ratio (11.7x) compared to the German Capital Markets industry average (20.3x).

Price to Earnings Ratio vs Fair Ratio

What is BC51'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.

BC51 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.7x
Fair PE Ratio12.6x

Price-To-Earnings vs Fair Ratio: BC51 is good value based on its Price-To-Earnings Ratio (11.7x) compared to the estimated Fair Price-To-Earnings Ratio (12.6x).

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 BC51 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.52
€1.72
+12.9%
11.7%€2.08€1.39n/a7
Nov ’25€1.55
€1.71
+10.6%
11.7%€2.08€1.38n/a7
Oct ’25€1.49
€1.70
+13.9%
12.3%€2.08€1.36n/a7
Sep ’25€1.35
€1.82
+34.7%
13.0%€2.27€1.45n/a7
Aug ’25€1.50
€1.92
+28.0%
10.0%€2.33€1.74n/a7
Jul ’25€1.55
€1.99
+28.2%
9.1%€2.36€1.81n/a7
Jun ’25€1.67
€2.20
+31.9%
9.8%€2.59€1.98n/a7
May ’25€1.82
€2.17
+19.1%
9.7%€2.57€1.97n/a8
Apr ’25€2.02
€2.24
+11.0%
9.7%€2.62€2.01n/a8
Mar ’25€1.96
€2.16
+10.4%
9.7%€2.54€1.94n/a8
Feb ’25€1.94
€2.10
+8.5%
12.4%€2.56€1.65n/a8
Jan ’25€1.90
€2.09
+10.0%
12.4%€2.51€1.66n/a8
Dec ’24€1.73
€2.05
+18.3%
12.2%€2.45€1.62n/a8
Nov ’24€1.45
€2.05
+41.1%
12.2%€2.45€1.62€1.558
Oct ’24€1.78
€2.33
+31.1%
8.7%€2.54€1.92€1.498
Sep ’24€1.81
€2.33
+28.9%
8.7%€2.54€1.92€1.358
Aug ’24€1.90
€2.38
+25.4%
8.6%€2.58€1.96€1.508
Jul ’24€1.90
€2.37
+24.7%
7.7%€2.69€2.10€1.558
Jun ’24€1.95
€2.35
+20.7%
7.7%€2.65€2.06€1.678
May ’24€1.96
€2.26
+15.2%
7.5%€2.53€1.97€1.828
Apr ’24€1.94
€2.18
+12.3%
8.1%€2.44€1.86€2.028
Mar ’24€1.83
€2.18
+19.1%
8.1%€2.44€1.86€1.968
Feb ’24€1.97
€2.18
+10.6%
8.1%€2.44€1.86€1.948
Jan ’24€1.82
€2.13
+16.8%
8.2%€2.41€1.83€1.907
Dec ’23€1.84
€2.19
+19.0%
8.1%€2.50€1.90€1.738
Nov ’23€1.83
€2.18
+19.4%
8.6%€2.49€1.89€1.457

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

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