Tamburi Investment Partners S.p.A.

DB:T1I Stock Report

Market Cap: €1.4b

Tamburi Investment Partners Valuation

Is T1I undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 T1I when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: T1I (€8.25) is trading above our estimate of fair value (€4.46)

Significantly Below Fair Value: T1I is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for T1I?

Key metric: As T1I is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for T1I. This is calculated by dividing T1I's market cap by their current earnings.
What is T1I's PE Ratio?
PE Ratio17.7x
Earnings€79.43m
Market Cap€1.40b

Price to Earnings Ratio vs Peers

How does T1I's PE Ratio compare to its peers?

The above table shows the PE ratio for T1I vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7.2x
MLP MLP
9.9x7.8%€639.4m
BBHK Deutsche Balaton
5.9xn/a€175.4m
DBAN Deutsche Beteiligungs
9.4x35.3%€446.3m
AR40 AURELIUS Equity Opportunities SE KGaA
3.8xn/a€382.9m
T1I Tamburi Investment Partners
17.7x-2.0%€1.4b

Price-To-Earnings vs Peers: T1I is expensive based on its Price-To-Earnings Ratio (17.7x) compared to the peer average (7.2x).


Price to Earnings Ratio vs Industry

How does T1I's PE Ratio compare vs other companies in the DE Capital Markets Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AR40 AURELIUS Equity Opportunities SE KGaA
3.8xn/aUS$404.41m
HXCK Ernst Russ
3.8x-18.2%US$212.78m
VG8 Varengold Bank
2xn/aUS$26.09m
XE8 Black Sea Property
0.7xn/aUS$7.79m
No more companies available in this PE range
T1I 17.7xIndustry Avg. 20.1xNo. of Companies7PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: T1I is good value based on its Price-To-Earnings Ratio (17.7x) compared to the German Capital Markets industry average (20.1x).


Price to Earnings Ratio vs Fair Ratio

What is T1I'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.

T1I PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.7x
Fair PE Ratio11.4x

Price-To-Earnings vs Fair Ratio: T1I is expensive based on its Price-To-Earnings Ratio (17.7x) compared to the estimated Fair Price-To-Earnings Ratio (11.4x).


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 T1I forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€8.25
€12.78
+54.8%
4.0%€13.40€12.00n/a4
Dec ’25€8.32
€12.78
+53.5%
4.0%€13.40€12.00n/a4
Nov ’25€8.56
€12.63
+47.5%
4.1%€13.40€12.00n/a4
Oct ’25€9.10
€12.63
+38.7%
4.1%€13.40€12.00n/a4
Sep ’25€9.41
€12.78
+35.8%
2.9%€13.40€12.40n/a4
Aug ’25€9.17
€12.78
+39.3%
2.9%€13.40€12.40n/a4
Jul ’25€9.33
€12.78
+36.9%
2.9%€13.40€12.40n/a4
Jun ’25€9.18
€12.60
+37.3%
3.7%€13.40€12.30n/a4
May ’25€9.06
€12.60
+39.1%
3.7%€13.40€12.30n/a4
Apr ’25€9.86
€12.60
+27.8%
3.7%€13.40€12.30n/a4
Mar ’25€8.85
€12.33
+39.3%
1.2%€12.50€12.10n/a4
Feb ’25€8.98
€12.33
+37.2%
1.2%€12.50€12.10n/a4
Jan ’25€9.42
€12.33
+30.8%
1.2%€12.50€12.10n/a4
Dec ’24€8.62
€12.33
+43.0%
1.2%€12.50€12.10€8.324
Nov ’24€7.78
€12.33
+58.4%
1.2%€12.50€12.10€8.564
Oct ’24€8.39
€12.33
+47.0%
3.1%€12.80€11.65€9.105
Sep ’24€8.59
€12.50
+45.5%
1.5%€12.80€12.30€9.414
Aug ’24€8.69
€12.50
+43.8%
1.5%€12.80€12.30€9.174
Jul ’24€9.18
€12.50
+36.2%
1.5%€12.80€12.30€9.334
Jun ’24€8.81
€12.48
+41.6%
1.2%€12.70€12.30€9.184
May ’24€8.46
€12.05
+42.4%
3.6%€12.40€11.30€9.064
Apr ’24€8.31
€11.79
+41.9%
5.5%€12.40€10.75€9.865
Mar ’24€7.66
€11.29
+47.4%
6.0%€12.30€10.40€8.855
Feb ’24€7.70
€11.29
+46.6%
6.0%€12.30€10.40€8.985
Jan ’24€7.20
€11.29
+56.8%
6.0%€12.30€10.40€9.425
Dec ’23€7.48
€11.29
+50.9%
6.0%€12.30€10.40€8.625

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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