Tradegate AG Wertpapierhandelsbank

DB:T2G Stock Report

Market Cap: €2.1b

Tradegate Wertpapierhandelsbank Valuation

Is T2G 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 T2G when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: T2G (€87) is trading above our estimate of fair value (€43.39)

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


Key Valuation Metric

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

Key metric: As T2G is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for T2G. This is calculated by dividing T2G's market cap by their current earnings.
What is T2G's PE Ratio?
PE Ratio85.1x
Earnings€24.93m
Market Cap€2.12b

Price to Earnings Ratio vs Peers

How does T2G's PE Ratio compare to its 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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.4x
BFV Berliner Effektengesellschaft
59.9xn/a€816.3m
FTK flatexDEGIRO
14.4x8.2%€1.7b
EUX EUWAX
35.6xn/a€189.5m
LUS1 Lang & Schwarz
7.5xn/a€178.9m
T2G Tradegate Wertpapierhandelsbank
85.1xn/a€2.1b

Price-To-Earnings vs Peers: T2G is expensive based on its Price-To-Earnings Ratio (85.1x) compared to the peer average (29.4x).


Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AR40 AURELIUS Equity Opportunities SE KGaA
3.6xn/aUS$377.96m
HXCK Ernst Russ
3.8x-18.2%US$211.07m
VG8 Varengold Bank
2.1xn/aUS$27.03m
XE8 Black Sea Property
0.7xn/aUS$7.72m
No more companies available in this PE range
T2G 85.1xIndustry Avg. 20.3xNo. of Companies7PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: T2G is expensive based on its Price-To-Earnings Ratio (85.1x) compared to the German Capital Markets industry average (20.4x).


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 Ratio85.1x
Fair PE Ration/a

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


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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