Freehold Royalties Ltd.

DB:1FH Stock Report

Market Cap: €1.2b

Freehold Royalties Valuation

Is 1FH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 1FH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1FH (€8.13) is trading below our estimate of fair value (€27.65)

Significantly Below Fair Value: 1FH is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1FH?

Key metric: As 1FH is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1FH. This is calculated by dividing 1FH's market cap by their current earnings.
What is 1FH's PE Ratio?
PE Ratio14.1x
EarningsCA$132.65m
Market CapCA$1.85b

Price to Earnings Ratio vs Peers

How does 1FH's PE Ratio compare to its peers?

The above table shows the PE ratio for 1FH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30x
DR0 Deutsche Rohstoff
2.7x-8.9%€157.7m
CE2 CropEnergies
82.4xn/a€1.2b
CE2 CropEnergies
15.3x-7.5%€1.0b
VH2 Friedrich Vorwerk Group
19.8x12.9%€556.0m
1FH Freehold Royalties
14.1xn/a€1.9b

Price-To-Earnings vs Peers: 1FH is good value based on its Price-To-Earnings Ratio (14.1x) compared to the peer average (30x).

Price to Earnings Ratio vs Industry

How does 1FH's PE Ratio compare vs other companies in the European Oil and Gas Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
1FH 14.1xIndustry Avg. 8.3xNo. of Companies17PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1FH is expensive based on its Price-To-Earnings Ratio (14.1x) compared to the European Oil and Gas industry average (8.3x).

Price to Earnings Ratio vs Fair Ratio

What is 1FH'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.

1FH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 1FH'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?

The above table shows the analyst 1FH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€8.13
€11.49
+41.5%
8.5%€14.07€10.05n/a15
Dec ’25€9.33
€11.53
+23.6%
8.2%€14.08€10.06n/a15
Nov ’25€8.96
€11.53
+28.7%
8.2%€14.07€10.05n/a15
Oct ’25€9.23
€11.64
+26.1%
7.9%€13.91€9.94n/a14
Sep ’25€9.14
€11.81
+29.3%
7.7%€14.03€10.02n/a14
Aug ’25€9.39
€11.81
+25.8%
7.7%€14.03€10.02n/a14
Jul ’25€9.17
€12.15
+32.6%
7.4%€14.23€10.17n/a14
Jun ’25€9.48
€12.15
+28.2%
7.4%€14.23€10.17n/a14
May ’25€9.77
€12.21
+25.0%
7.5%€14.34€10.24n/a14
Apr ’25€9.88
€12.14
+22.8%
7.8%€14.26€10.18n/a14
Mar ’25€9.31
€12.44
+33.6%
6.2%€13.63€10.91n/a13
Feb ’25€9.50
€12.60
+32.6%
6.2%€13.77€11.01n/a14
Jan ’25€9.26
€13.02
+40.6%
5.4%€14.00€11.44n/a14
Dec ’24€9.34
€12.92
+38.3%
7.2%€13.88€10.49€9.3315
Nov ’24€9.70
€13.11
+35.2%
6.7%€14.06€10.98€8.9615
Oct ’24€10.40
€12.96
+24.6%
6.8%€13.70€10.96€9.2315
Sep ’24€9.73
€12.77
+31.2%
6.6%€13.55€10.84€9.1415
Aug ’24€9.50
€13.05
+37.4%
9.2%€16.44€10.96€9.3915
Jul ’24€9.20
€13.40
+45.6%
6.2%€14.52€11.75€9.1715
Jun ’24€9.70
€13.45
+38.7%
8.3%€16.44€11.64€9.4816
May ’24€9.67
€13.22
+36.7%
8.6%€16.05€11.37€9.7716
Apr ’24€9.71
€13.80
+42.1%
7.7%€16.32€11.56€9.8816
Mar ’24€10.64
€14.15
+33.0%
9.8%€18.72€12.48€9.3116
Feb ’24€11.07
€14.15
+27.9%
9.7%€18.67€12.45€9.5016
Jan ’24€10.82
€14.19
+31.1%
9.3%€18.60€12.40€9.2616
Dec ’23€11.81
€15.04
+27.4%
9.2%€19.66€13.10€9.3416

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 07:43
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Freehold Royalties Ltd. is covered by 21 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Trevor ReynoldsAcumen Capital Finance Partners Limited
Patrick O'RourkeATB Capital Markets
Grant HoferBarclays