Gimv NV

DB:GI3 Stock Report

Market Cap: €1.1b

Gimv Valuation

Is GI3 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 GI3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GI3 (€37.1) is trading below our estimate of fair value (€97.58)

Significantly Below Fair Value: GI3 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GI3?

Key metric: As GI3 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for GI3. This is calculated by dividing GI3's market cap by their current earnings.
What is GI3's PE Ratio?
PE Ratio4.9x
Earnings€217.13m
Market Cap€1.07b

Price to Earnings Ratio vs Peers

How does GI3's PE Ratio compare to its peers?

The above table shows the PE ratio for GI3 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
24.9x54.1%€428.9m
MLP MLP
10.1x7.8%€649.2m
AR4 AURELIUS Equity Opportunities SE KGaA
3.9xn/a€384.8m
O4B OVB Holding
15.1x3.8%€279.3m
GI3 Gimv
4.9xn/a€1.1b

Price-To-Earnings vs Peers: GI3 is good value based on its Price-To-Earnings Ratio (4.9x) compared to the peer average (13.5x).

Price to Earnings Ratio vs Industry

How does GI3'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$405.06m
HXCK Ernst Russ
3.7x-18.2%US$207.83m
VG8 Varengold Bank
2xn/aUS$26.85m
XE8 Black Sea Property
0.7xn/aUS$7.76m
No more companies available in this PE range
GI3 4.9xIndustry Avg. 21.1xNo. of Companies7PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GI3 is good value based on its Price-To-Earnings Ratio (4.9x) compared to the German Capital Markets industry average (20.7x).

Price to Earnings Ratio vs Fair Ratio

What is GI3'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.

GI3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate GI3'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?

The above table shows the analyst GI3 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€37.10
€49.33
+33.0%
9.4%€54.00€43.00n/a3
Nov ’25€37.40
€49.33
+31.9%
9.4%€54.00€43.00n/a3
Oct ’25€41.50
€49.33
+18.9%
9.4%€54.00€43.00n/a3
Sep ’25€39.30
€50.67
+28.9%
5.7%€54.00€47.00n/a3
Aug ’25€39.85
€50.67
+27.1%
5.7%€54.00€47.00n/a3
Jul ’25€41.95
€50.67
+20.8%
5.7%€54.00€47.00n/a3
Jun ’25€45.55
€50.67
+11.2%
5.7%€54.00€47.00n/a3
May ’25€44.35
€50.67
+14.2%
5.7%€54.00€47.00n/a3
Apr ’25€43.70
€50.67
+15.9%
5.7%€54.00€47.00n/a3
Mar ’25€44.40
€50.67
+14.1%
5.7%€54.00€47.00n/a3
Feb ’25€42.65
€49.67
+16.5%
3.8%€51.00€47.00n/a3
Jan ’25€44.15
€49.67
+12.5%
3.8%€51.00€47.00n/a3
Dec ’24€45.40
€49.67
+9.4%
3.8%€51.00€47.00n/a3
Nov ’24€36.15
€49.67
+37.4%
3.8%€51.00€47.00€37.403
Oct ’24€40.85
€50.00
+22.4%
4.3%€52.00€47.00€41.503
Sep ’24€41.95
€50.00
+19.2%
4.3%€52.00€47.00€39.303
Aug ’24€41.50
€49.50
+19.3%
5.1%€52.00€47.00€39.852
Jul ’24€42.70
€49.50
+15.9%
5.1%€52.00€47.00€41.952
Jun ’24€43.65
€49.50
+13.4%
5.1%€52.00€47.00€45.552
Jan ’24€43.75
€56.75
+29.7%
4.0%€59.00€54.50€44.152
Dec ’23€40.95
€56.75
+38.6%
4.0%€59.00€54.50€45.402
Nov ’23€42.85
€56.75
+32.4%
4.0%€59.00€54.50€36.152

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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