London Stock Exchange Group plc

DB:LS4C Stock Report

Market Cap: €58.8b

London Stock Exchange Group Valuation

Is LS4C undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 LS4C when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LS4C (€114) is trading above our estimate of fair value (€85.8)

Significantly Below Fair Value: LS4C is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for LS4C?

Other financial metrics that can be useful for relative valuation.

LS4C key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue6.9x
Enterprise Value/EBITDA20x
PEG Ratio3.8x

Price to Earnings Ratio vs Peers

How does LS4C's PE Ratio compare to its peers?

The above table shows the PE ratio for LS4C vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.3x
DB1 Deutsche Börse
20.2x5.7%€35.4b
DBK Deutsche Bank
6.6x10.4%€29.1b
DWS DWS Group GmbH KGaA
11.8x12.7%€6.6b
CME CME Group
22.4x4.1%US$70.4b
LS4C London Stock Exchange Group
65.5x17.3%€49.8b

Price-To-Earnings vs Peers: LS4C is expensive based on its Price-To-Earnings Ratio (65.5x) compared to the peer average (15.3x).


Price to Earnings Ratio vs Industry

How does LS4C's PE Ratio compare vs other companies in the DE Capital Markets Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a8.0%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a8.0%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: LS4C is expensive based on its Price-To-Earnings Ratio (65.5x) compared to the German Capital Markets industry average (20.1x).


Price to Earnings Ratio vs Fair Ratio

What is LS4C'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.

LS4C PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio65.5x
Fair PE Ratio25.8x

Price-To-Earnings vs Fair Ratio: LS4C is expensive based on its Price-To-Earnings Ratio (65.5x) compared to the estimated Fair Price-To-Earnings Ratio (25.8x).


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 LS4C forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€114.00
€124.23
+9.0%
9.6%€152.83€101.10n/a17
Jun ’25€109.00
€124.23
+14.0%
9.6%€152.83€101.10n/a17
May ’25€103.00
€123.07
+19.5%
8.9%€146.33€100.68n/a17
Apr ’25€113.00
€121.61
+7.6%
9.5%€140.59€94.90n/a16
Mar ’25€107.00
€119.70
+11.9%
9.5%€134.31€94.60n/a16
Feb ’25€105.00
€120.12
+14.4%
9.4%€134.87€94.99n/a16
Jan ’25€107.00
€118.51
+10.8%
10.1%€145.33€94.17n/a17
Dec ’24€104.00
€116.23
+11.8%
9.4%€138.67€93.60n/a17
Nov ’24€96.00
€112.13
+16.8%
8.2%€132.05€93.01n/a17
Oct ’24€95.50
€113.01
+18.3%
9.6%€138.66€93.59n/a17
Sep ’24€96.00
€111.26
+15.9%
9.0%€129.88€91.20n/a18
Aug ’24€99.00
€111.30
+12.4%
8.7%€127.70€91.29n/a18
Jul ’24€96.50
€112.50
+16.6%
9.2%€130.93€91.94n/a18
Jun ’24€100.00
€112.54
+12.5%
11.4%€144.58€89.06€109.0017
May ’24€91.50
€109.93
+20.1%
11.2%€142.56€87.82€103.0018
Apr ’24€89.00
€108.57
+22.0%
11.7%€142.23€87.61€113.0018
Mar ’24€84.50
€108.12
+28.0%
12.1%€143.25€87.54€107.0018
Feb ’24€83.50
€106.76
+27.9%
11.3%€135.18€86.74€105.0018
Jan ’24€82.00
€110.15
+34.3%
12.6%€144.26€88.16€107.0017
Dec ’23€96.50
€109.18
+13.1%
12.2%€145.09€87.97€104.0018
Nov ’23€88.50
€109.18
+23.4%
12.2%€145.09€87.97€96.0018
Oct ’23€86.00
€109.72
+27.6%
11.9%€144.73€85.47€95.5018
Sep ’23€94.00
€114.41
+21.7%
11.6%€150.75€89.02€96.0018
Aug ’23€95.50
€109.89
+15.1%
11.0%€143.42€88.04€99.0019
Jul ’23€89.00
€111.31
+25.1%
10.9%€144.63€88.79€96.5019
Jun ’23€87.00
€111.31
+27.9%
10.9%€144.63€88.79€100.0019

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


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