Cosmo Energy Holdings Co., Ltd.

DB:2LW Stock Report

Market Cap: €3.5b

Cosmo Energy Holdings Valuation

Is 2LW undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 2LW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2LW (€41.4) is trading below our estimate of fair value (€81.26)

Significantly Below Fair Value: 2LW is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2LW?

Key metric: As 2LW is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2LW. This is calculated by dividing 2LW's market cap by their current earnings.
What is 2LW's PE Ratio?
PE Ratio8.6x
EarningsJP¥66.62b
Market CapJP¥570.83b

Price to Earnings Ratio vs Peers

How does 2LW's PE Ratio compare to its peers?

The above table shows the PE ratio for 2LW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.8x
CE2 CropEnergies
82.4xn/a€1.2b
CE2 CropEnergies
15.3x-7.5%€1.0b
VH2 Friedrich Vorwerk Group
19.9x12.9%€559.0m
ETG EnviTec Biogas
9.4xn/a€467.8m
2LW Cosmo Energy Holdings
8.6x8.6%€570.8b

Price-To-Earnings vs Peers: 2LW is good value based on its Price-To-Earnings Ratio (8.6x) compared to the peer average (31.8x).

Price to Earnings Ratio vs Industry

How does 2LW's PE Ratio compare vs other companies in the European Oil and Gas Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
2LW 8.6xIndustry Avg. 9.2xNo. of Companies18PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2LW is good value based on its Price-To-Earnings Ratio (8.6x) compared to the European Oil and Gas industry average (8.7x).

Price to Earnings Ratio vs Fair Ratio

What is 2LW'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.

2LW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.6x
Fair PE Ratio20.2x

Price-To-Earnings vs Fair Ratio: 2LW is good value based on its Price-To-Earnings Ratio (8.6x) compared to the estimated Fair Price-To-Earnings Ratio (20.2x).

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 2LW forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€41.40
€56.34
+36.1%
13.4%€65.29€44.36n/a6
Nov ’25€45.20
€56.73
+25.5%
10.6%€64.56€50.02n/a6
Oct ’25€48.60
€57.12
+17.5%
16.9%€68.54€38.44n/a7
Sep ’25€49.20
€51.56
+4.8%
19.1%€66.17€37.11n/a7
Aug ’25€48.20
€49.95
+3.6%
19.1%€64.09€35.94n/a7
Jul ’25€46.80
€46.71
-0.2%
17.2%€58.19€35.27n/a6
Jun ’25€44.60
€44.28
-0.7%
15.7%€51.93€34.15n/a6
May ’25€43.80
€44.68
+2.0%
15.3%€53.48€35.17n/a6
Apr ’25€45.00
€44.00
-2.2%
14.9%€54.65€35.94n/a6
Mar ’25€40.00
€37.44
-6.4%
20.0%€45.42€22.49n/a6
Feb ’25€37.80
€35.16
-7.0%
23.4%€43.58€22.78n/a5
Jan ’25€35.20
€35.78
+1.6%
22.6%€45.14€23.60n/a5
Dec ’24€33.80
€34.52
+2.1%
19.3%€40.69€22.91n/a6
Nov ’24€33.80
€32.96
-2.5%
17.4%€41.17€23.18€45.207
Oct ’24€32.40
€32.09
-1.0%
19.7%€41.09€23.14€48.607
Sep ’24€33.00
€29.36
-11.0%
13.1%€34.49€22.91€49.207
Aug ’24€27.80
€28.25
+1.6%
10.9%€32.42€23.74€48.207
Jul ’24€24.20
€28.07
+16.0%
10.9%€32.22€23.59€46.807
Jun ’24€25.80
€29.55
+14.5%
12.8%€36.16€24.51€44.607
May ’24€28.20
€32.61
+15.6%
22.1%€48.05€25.34€43.807
Apr ’24€28.80
€32.33
+12.2%
23.0%€48.36€25.51€45.007
Mar ’24€27.60
€32.40
+17.4%
22.5%€48.51€25.58€40.007
Feb ’24€24.80
€32.00
+29.0%
29.1%€51.02€18.14€37.807
Jan ’24€24.20
€31.46
+30.0%
28.9%€50.00€17.78€35.207
Dec ’23€26.60
€31.71
+19.2%
29.0%€50.24€17.86€33.807
Nov ’23€25.60
€30.81
+20.4%
24.5%€44.17€17.78€33.807

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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