Tradegate Wertpapierhandelsbank

DB:T2G Stock Report

Mkt Cap: €2.7b

We’ve recently updated our valuation analysis.

Tradegate Wertpapierhandelsbank Valuation

Is T2G undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for T2G?

Other financial metrics that can be useful for relative valuation.

T2G 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/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does T2G's PE Ratio compare to its peers?

T2G PE Ratio vs Peers
The above table shows the PE ratio for T2G vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average49.1x
BFV Berliner Effektengesellschaft
19.1xn/a€1.0b
FTK flatexDEGIRO
12.4x30.1%€938.3m
BWB Baader Bank
10.9x17.7%€177.4m
A8A JDC Group
153.9x67.6%€226.5m
T2G Tradegate Wertpapierhandelsbank
42.1xn/a€2.7b

Price-To-Earnings vs Peers: T2G is good value based on its Price-To-Earnings Ratio (42.1x) compared to the peer average (49.1x).


Price to Earnings Ratio vs Industry

How does T2G's PE Ratio compare vs other companies in the DE Capital Markets Industry?

Price-To-Earnings vs Industry: T2G is expensive based on its Price-To-Earnings Ratio (42.1x) compared to the German Capital Markets industry average (9.8x)


Price to Earnings Ratio vs Fair Ratio

What is T2G'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.

T2G PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio42.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate T2G's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of T2G when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: T2G (€110) is trading above our estimate of fair value (€92.6)

Significantly Below Fair Value: T2G is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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