Diamond Hill Investment Group, Inc.

DB:BVE Stock Report

Market Cap: €442.4m

Diamond Hill Investment Group Valuation

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

Below Fair Value: BVE (€157) is trading below our estimate of fair value (€307.83)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BVE. This is calculated by dividing BVE's market cap by their current earnings.
What is BVE's PE Ratio?
PE Ratio9.3x
EarningsUS$49.40m
Market CapUS$464.34m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BVE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.5x
DBAN Deutsche Beteiligungs
24.7x54.1%€426.4m
AR4 AURELIUS Equity Opportunities SE KGaA
3.9xn/a€392.2m
MLP MLP
9.9x8.3%€640.5m
O4B OVB Holding
15.3x3.5%€282.2m
BVE Diamond Hill Investment Group
9.3xn/a€464.3m

Price-To-Earnings vs Peers: BVE is good value based on its Price-To-Earnings Ratio (9.3x) compared to the peer average (13.5x).

Price to Earnings Ratio vs Industry

How does BVE'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$410.89m
HXCK Ernst Russ
3.7x-18.2%US$202.59m
VG8 Varengold Bank
1.8xn/aUS$24.24m
XE8 Black Sea Property
0.7xn/aUS$7.74m
No more companies available in this PE range
BVE 9.3xIndustry Avg. 20.1xNo. of Companies6PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BVE is good value based on its Price-To-Earnings Ratio (9.3x) compared to the German Capital Markets industry average (20.3x).

Price to Earnings Ratio vs Fair Ratio

What is BVE'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.

BVE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BVE's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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