Far East Horizon Limited

DB:F6H Stock Report

Market Cap: €2.8b

Far East Horizon Valuation

Is F6H undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 F6H when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: F6H (€0.54) is trading below our estimate of fair value (€2.65)

Significantly Below Fair Value: F6H is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for F6H?

Key metric: As F6H is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for F6H. This is calculated by dividing F6H's market cap by their current earnings.
What is F6H's PE Ratio?
PE Ratio4x
EarningsCN¥5.21b
Market CapCN¥21.04b

Price to Earnings Ratio vs Peers

How does F6H's PE Ratio compare to its peers?

The above table shows the PE ratio for F6H vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.7x
GLJ Grenke
9.5x25.2%€705.1m
ALG ALBIS Leasing
13.1x9.9%€58.1m
HYQ Hypoport
43.7x30.4%€1.3b
FTK flatexDEGIRO
12.4x8.5%€1.4b
F6H Far East Horizon
4x7.7%€22.6b

Price-To-Earnings vs Peers: F6H is good value based on its Price-To-Earnings Ratio (4x) compared to the peer average (19.7x).

Price to Earnings Ratio vs Industry

How does F6H's PE Ratio compare vs other companies in the European Diversified Financial Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
F6H 4.0xIndustry Avg. 10.6xNo. of Companies13PE01020304050+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: F6H is good value based on its Price-To-Earnings Ratio (4x) compared to the European Diversified Financial industry average (10.8x).

Price to Earnings Ratio vs Fair Ratio

What is F6H'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.

F6H PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4x
Fair PE Ratio17.1x

Price-To-Earnings vs Fair Ratio: F6H is good value based on its Price-To-Earnings Ratio (4x) compared to the estimated Fair Price-To-Earnings Ratio (17.1x).

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 F6H forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.54
€0.92
+70.8%
9.4%€1.06€0.78n/a7
Nov ’25€0.55
€0.90
+64.9%
9.4%€1.04€0.76n/a7
Oct ’25€0.56
€0.89
+58.9%
9.1%€1.02€0.75n/a7
Sep ’25€0.53
€0.89
+69.5%
9.1%€1.02€0.75n/a7
Aug ’25€0.52
€0.94
+81.0%
12.0%€1.06€0.75n/a7
Jul ’25€0.50
€0.95
+90.8%
11.8%€1.07€0.76n/a7
Jun ’25€0.64
€0.97
+51.3%
11.7%€1.07€0.76n/a7
May ’25€0.59
€0.99
+67.2%
12.6%€1.14€0.77n/a7
Apr ’25€0.71
€1.02
+43.4%
9.3%€1.12€0.83n/a6
Mar ’25€0.68
€1.16
+71.1%
13.7%€1.48€0.98n/a7
Feb ’25€0.66
€1.19
+81.0%
13.9%€1.47€0.98n/a7
Jan ’25€0.68
€1.17
+72.2%
14.4%€1.44€0.92n/a7
Dec ’24€0.66
€1.19
+82.4%
14.1%€1.47€0.93n/a7
Nov ’24€0.66
€1.23
+87.7%
13.9%€1.51€0.97€0.557
Oct ’24€0.66
€1.17
+79.1%
13.4%€1.46€0.93€0.568
Sep ’24€0.61
€1.17
+92.4%
13.4%€1.46€0.93€0.538
Aug ’24€0.64
€1.23
+92.9%
11.7%€1.45€1.05€0.527
Jul ’24€0.70
€1.25
+78.0%
11.3%€1.45€1.05€0.507
Jun ’24€0.76
€1.24
+63.6%
15.3%€1.48€0.87€0.649
May ’24€0.79
€1.23
+56.0%
15.3%€1.47€0.86€0.599
Apr ’24€0.81
€1.23
+53.1%
15.3%€1.47€0.86€0.719
Mar ’24€0.82
€1.29
+56.9%
15.8%€1.48€0.87€0.688
Feb ’24€0.80
€1.26
+58.6%
16.9%€1.47€0.86€0.667
Jan ’24€0.72
€1.28
+77.7%
16.7%€1.50€0.88€0.687
Dec ’23€0.73
€1.31
+79.9%
16.6%€1.54€0.90€0.667
Nov ’23€0.74
€1.43
+93.8%
11.1%€1.60€1.15€0.666

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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