CSC Financial Co., Ltd.

DB:CS0 Stock Report

Market Cap: €24.5b

CSC Financial Valuation

Is CS0 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 CS0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CS0 (€1.2) is trading below our estimate of fair value (€2.02)

Significantly Below Fair Value: CS0 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CS0?

Key metric: As CS0 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CS0. This is calculated by dividing CS0's market cap by their current earnings.
What is CS0's PE Ratio?
PE Ratio15.8x
EarningsCN¥4.66b
Market CapCN¥185.45b

Price to Earnings Ratio vs Peers

How does CS0's PE Ratio compare to its peers?

The above table shows the PE ratio for CS0 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average42.2x
T2G Tradegate Wertpapierhandelsbank
86.6xn/a€2.2b
FTK flatexDEGIRO
13.7x8.1%€1.6b
BFV Berliner Effektengesellschaft
60.4xn/a€836.0m
DBK Deutsche Bank
8.1x12.6%€32.2b
CS0 CSC Financial
15.8x34.4%€197.5b

Price-To-Earnings vs Peers: CS0 is good value based on its Price-To-Earnings Ratio (15.8x) compared to the peer average (42.3x).

Price to Earnings Ratio vs Industry

How does CS0'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$359.92m
HXCK Ernst Russ
3.6x-19.3%US$203.77m
VG8 Varengold Bank
2xn/aUS$25.82m
XE8 Black Sea Property
0.7xn/aUS$7.65m
No more companies available in this PE range
CS0 15.8xIndustry Avg. 19.9xNo. of Companies7PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CS0 is good value based on its Price-To-Earnings Ratio (15.8x) compared to the German Capital Markets industry average (20x).

Price to Earnings Ratio vs Fair Ratio

What is CS0'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.

CS0 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.8x
Fair PE Ratio31.9x

Price-To-Earnings vs Fair Ratio: CS0 is good value based on its Price-To-Earnings Ratio (15.8x) compared to the estimated Fair Price-To-Earnings Ratio (31.9x).

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 CS0 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.20
€1.34
+11.4%
2.1%€1.36€1.31n/a2
Dec ’25€1.23
€1.26
+2.6%
7.9%€1.36€1.13n/a3
Nov ’25€1.10
€1.09
-0.7%
20.5%€1.35€0.81n/a3
Oct ’25€0.99
€0.82
-17.0%
25.0%€1.10€0.61n/a3
Sep ’25€0.60
€0.82
+35.8%
25.0%€1.10€0.61n/a3
Aug ’25€0.64
€0.88
+38.2%
23.7%€1.16€0.66n/a3
Jul ’25€0.67
€0.90
+34.1%
23.4%€1.18€0.68n/a3
Jun ’25€0.73
€0.90
+22.2%
23.4%€1.18€0.68n/a3
May ’25€0.70
€0.90
+27.4%
23.4%€1.18€0.68n/a3
Apr ’25€0.69
€1.05
+52.2%
18.2%€1.31€0.83n/a4
Mar ’25€0.74
€1.06
+43.7%
16.8%€1.31€0.88n/a4
Feb ’25€0.70
€1.12
+59.6%
13.8%€1.31€0.88n/a4
Jan ’25€0.78
€1.11
+42.4%
13.8%€1.30€0.87n/a4
Dec ’24€0.84
€1.15
+37.3%
11.1%€1.32€0.96€1.234
Nov ’24€0.83
€1.15
+39.0%
11.1%€1.32€0.96€1.104
Oct ’24€0.94
€1.16
+23.6%
9.1%€1.31€1.01€0.994
Sep ’24€0.97
€1.14
+17.1%
8.6%€1.27€0.99€0.604
Aug ’24€1.04
€1.15
+10.1%
9.1%€1.30€1.02€0.644
Jul ’24€0.93
€1.15
+23.1%
9.1%€1.30€1.02€0.674
Jun ’24€1.02
€1.16
+13.9%
9.7%€1.33€1.03€0.734
May ’24€0.90
€1.09
+21.2%
10.2%€1.19€0.90€0.704
Apr ’24€0.88
€1.11
+26.4%
13.1%€1.28€0.92€0.694
Mar ’24€0.94
€1.09
+16.4%
11.6%€1.27€0.92€0.744
Feb ’24€0.98
€1.09
+11.1%
11.6%€1.27€0.92€0.704
Jan ’24€0.80
€1.09
+36.1%
11.6%€1.27€0.92€0.784
Dec ’23€0.83
€1.09
+31.2%
11.6%€1.27€0.92€0.844

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 17:17
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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

CSC Financial Co., Ltd. is covered by 18 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sau Shing ChowABCI Securities Company Limited
Susie LiuBofA Global Research
Yung ChenCCB International Securities Limited