EFG International AG

DB:E2S Stock Report

Market Cap: €5.3b

EFG International Valuation

Is E2S undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of E2S when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: E2S (€17.4) is trading below our estimate of future cash flow value (€26.92)

Significantly Below Future Cash Flow Value: E2S is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for E2S?

Key metric: As E2S is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for E2S. This is calculated by dividing E2S's market cap by their current earnings.
What is E2S's PE Ratio?
PE Ratio15.8x
EarningsCHF 307.80m
Market CapCHF 4.87b

Price to Earnings Ratio vs Peers

How does E2S's PE Ratio compare to its peers?

The above table shows the PE ratio for E2S vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.1x
DWS DWS Group GmbH KGaA
12.8x5.56%€12.6b
MLP MLP
13.8x17.43%€808.5m
B8A BAVARIA Industries Group
12.6xn/a€463.6m
O4B OVB Holding
37.4x21.94%€287.9m
E2S EFG International
15.8x15.55%€4.9b

Price-To-Earnings vs Peers: E2S is good value based on its Price-To-Earnings Ratio (15.8x) compared to the peer average (19.2x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does E2S's PE Ratio compare vs other companies in the DE Capital Markets Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BBHK Deutsche Balaton
3.1xn/aUS$338.71m
ECS0 Eight Capital Partners
0.8xn/aUS$22.26m
XE8 Black Sea Property
1.5xn/aUS$1.40m
No more companies available in this PE range
E2S 15.8xIndustry Avg. 15.0xNo. of Companies10PE01632486480+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: E2S is expensive based on its Price-To-Earnings Ratio (15.8x) compared to the German Capital Markets industry average (15x).

Price to Earnings Ratio vs Fair Ratio

What is E2S'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.

E2S PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.8x
Fair PE Ratio19.3x

Price-To-Earnings vs Fair Ratio: E2S is good value based on its Price-To-Earnings Ratio (15.8x) compared to the estimated Fair Price-To-Earnings Ratio (19.3x).

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 E2S forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€17.30
€21.16
+22.32%
5.07%€22.41€19.48n/a4
Jun ’27€17.70
€21.13
+19.39%
5.04%€22.67€19.71n/a4
May ’27€17.90
€21.79
+21.71%
4.27%€22.95€20.40n/a4
Apr ’27€18.66
€21.79
+16.75%
4.27%€22.95€20.40n/a4
Mar ’27€20.45
€21.81
+6.66%
2.47%€22.66€21.35n/a4
Feb ’27€21.50
€19.77
-8.04%
8.80%€21.21€16.86n/a4
Jan ’27€20.40
€18.70
-8.35%
8.52%€20.68€16.61n/a4
Dec ’26€19.66
€18.24
-7.24%
7.10%€19.93€16.79n/a3
Nov ’26€17.96
€17.90
-0.33%
6.23%€19.02€16.78n/a2
Oct ’26€17.28
€17.90
+3.59%
6.23%€19.02€16.78n/a2
Sep ’26€17.00
€17.90
+5.29%
6.23%€19.02€16.78n/a2
Aug ’26€16.56
€17.81
+7.55%
7.51%€19.15€16.47n/a2
Jul ’26€15.70
€15.31
-2.48%
7.78%€16.88€13.99n/a3
Jun ’26€15.20
€15.34
+0.90%
7.78%€16.91€14.02€17.703
May ’26n/a
€15.97
0%
8.41%€16.97€14.07€17.903
Apr ’26n/a
€16.10
0%
7.52%€16.89€14.00€18.664
Mar ’26n/a
€16.10
0%
7.52%€16.89€14.00€20.454
Feb ’26n/a
€15.39
0%
6.54%€16.67€13.96€21.504
Jan ’26n/a
€15.47
0%
6.54%€16.76€14.04€20.404
Dec ’25n/a
€15.61
0%
7.33%€16.79€14.06€19.663
Nov ’25n/a
€15.10
0%
7.69%€16.70€13.99€17.964
Oct ’25n/a
€15.15
0%
7.24%€16.37€13.71€17.283
Sep ’25n/a
€15.15
0%
7.24%€16.37€13.71€17.003
Aug ’25n/a
€15.15
0%
7.24%€16.37€13.71€16.563
Jul ’25n/a
€13.32
0%
1.93%€13.59€12.98€15.703
Jun ’25n/a
€13.32
0%
1.93%€13.59€12.98€15.203
€20.84
Fair Value
16.5% undervalued intrinsic discount
4
Number of Analysts

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 Analysis2026/06/29 19:46
End of Day Share Price 2026/06/26 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

EFG International AG is covered by 12 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Peter RothenaicherBaader Helvea Equity Research
Tomasz GrzelakBaader Helvea Equity Research
Christoph BohliBerenberg