Flow Traders Valuation

Q: What is the Fair Price of O3I when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

O3I (€17.15) is trading below our estimate of [[fair value]] (€35.37)

Is O3I 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 O3I when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: O3I (€17.15) is trading below our estimate of fair value (€35.37)

Significantly Below Fair Value: O3I is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for O3I?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for O3I. This is calculated by dividing O3I's market cap by their current preferred multiple.
What is O3I's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	€748.18m

O3I 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/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	0.7x

Price to Earnings Ratio vs Peers

How does O3I's PE Ratio compare to its peers?

The above table shows the PE ratio for O3I vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	46x
FTK flatexDEGIRO	20.2x	18.3%	€1.4b
JDC JDC Group	64.1x	25.4%	€316.4m
BFV Berliner Effektengesellschaft	61.4x	n/a	€842.6m
EUX EUWAX	38.4x	n/a	€214.2m
O3I Flow Traders	10.5x	15.3%	€748.2m

Price-To-Earnings vs Peers: O3I is good value based on its Price-To-Earnings Ratio (10.5x) compared to the peer average (46x).

Price to Earnings Ratio vs Industry

How does O3I's PE Ratio compare vs other companies in the DE Capital Markets Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	10.3%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	10.3%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: O3I is good value based on its Price-To-Earnings Ratio (10.5x) compared to the German Capital Markets industry average (23.5x).

Price to Earnings Ratio vs Fair Ratio

What is O3I'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.

O3I PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	10.5x
Fair PE Ratio	16.1x

Price-To-Earnings vs Fair Ratio: O3I is good value based on its Price-To-Earnings Ratio (10.5x) compared to the estimated Fair Price-To-Earnings Ratio (16.1x).

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 O3I forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	€17.15	€16.76 -2.3%	11.0%	€19.50	€14.30	n/a	4
Aug ’25	€15.19	€17.39 +14.5%	11.9%	€19.50	€14.30	n/a	4
Jul ’25	€18.76	€18.98 +1.2%	3.4%	€19.50	€17.92	n/a	4
Jun ’25	€20.36	€18.68 -8.2%	4.4%	€19.50	€17.50	n/a	5
May ’25	€20.58	€18.38 -10.7%	4.0%	€19.50	€17.50	n/a	5
Apr ’25	€17.70	€18.32 +3.5%	3.8%	€19.50	€17.50	n/a	6
Mar ’25	€16.65	€18.32 +10.0%	3.8%	€19.50	€17.50	n/a	6
Feb ’25	€16.45	€19.12 +16.2%	4.4%	€20.00	€17.92	n/a	6
Jan ’25	€17.95	€18.91 +5.4%	5.0%	€20.00	€17.50	n/a	6
Dec ’24	€17.00	€18.91 +11.2%	5.0%	€20.00	€17.50	n/a	6
Nov ’24	€17.25	€19.08 +10.6%	5.2%	€20.00	€17.50	n/a	6
Oct ’24	€17.16	€21.73 +26.6%	16.0%	€28.70	€17.92	n/a	6
Sep ’24	€18.55	€21.73 +17.1%	16.0%	€28.70	€17.92	n/a	6
Aug ’24	€19.94	€21.73 +9.0%	16.0%	€28.70	€17.92	€15.19	6
Jul ’24	€20.08	€26.11 +30.0%	21.9%	€34.00	€17.92	€18.76	4
Jun ’24	€21.66	€26.11 +20.5%	21.9%	€34.00	€17.92	€20.36	4
May ’24	€23.02	€26.11 +13.4%	21.9%	€34.00	€17.92	€20.58	4
Apr ’24	€25.80	€26.11 +1.2%	21.9%	€34.00	€17.92	€17.70	4
Mar ’24	€22.60	€25.11 +11.1%	17.7%	€30.00	€17.92	€16.65	4
Feb ’24	€22.96	€24.36 +6.1%	18.0%	€30.00	€17.92	€16.45	4
Jan ’24	€21.80	€22.96 +5.3%	13.0%	€25.40	€17.92	€17.95	4
Dec ’23	€22.36	€22.96 +2.7%	13.0%	€25.40	€17.92	€17.00	4
Nov ’23	€24.12	€25.36 +5.2%	21.7%	€35.00	€17.92	€17.25	5
Oct ’23	€18.76	€24.63 +31.3%	24.4%	€35.00	€17.92	€17.16	5
Sep ’23	€19.21	€26.29 +36.9%	27.8%	€35.00	€17.92	€18.55	5
Aug ’23	€21.34	€29.41 +37.8%	21.5%	€35.00	€19.75	€19.94	5

Analyst Forecast: Target price is lower than the current share price.