Cactus, Inc.

DB:43C Stock Report

Market Cap: €5.0b

Cactus Valuation

Is 43C 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 43C when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 43C (€66) is trading above our estimate of fair value (€63.14)

Significantly Below Fair Value: 43C is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 43C?

Key metric: As 43C is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 43C. This is calculated by dividing 43C's market cap by their current earnings.
What is 43C's PE Ratio?
PE Ratio24.3x
EarningsUS$187.67m
Market CapUS$5.20b

Price to Earnings Ratio vs Peers

How does 43C's PE Ratio compare to its peers?

The above table shows the PE ratio for 43C vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.4x
NMDCENR NMDC Energy - P.J.S.C
11.8x12.2%د.إ15.1b
SPM Saipem
15.1x25.1%€4.6b
CE2 CropEnergies
15.3x-7.5%€1.0b
002353 Yantai Jereh Oilfield Services Group
15.4x17.9%CN¥38.2b
43C Cactus
24.3x15.9%€5.2b

Price-To-Earnings vs Peers: 43C is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the peer average (14.4x).

Price to Earnings Ratio vs Industry

How does 43C's PE Ratio compare vs other companies in the European Energy Services Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
43C 24.3xIndustry Avg. 9.5xNo. of Companies7PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 43C is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the European Energy Services industry average (9.5x).

Price to Earnings Ratio vs Fair Ratio

What is 43C'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.

43C PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.3x
Fair PE Ratio24x

Price-To-Earnings vs Fair Ratio: 43C is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the estimated Fair Price-To-Earnings Ratio (24x).

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 43C forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€66.00
€58.51
-11.3%
13.5%€72.52€45.21n/a8
Nov ’25€55.50
€56.06
+1.0%
10.8%€62.75€44.29n/a8
Oct ’25€55.00
€53.10
-3.5%
12.1%€61.97€39.52n/a8
Sep ’25€53.50
€53.38
-0.2%
12.1%€62.30€39.73n/a8
Aug ’25€57.50
€50.47
-12.2%
8.5%€55.98€40.38n/a9
Jul ’25€48.20
€49.93
+3.6%
9.4%€56.17€40.52n/a9
Jun ’25€47.20
€49.93
+5.8%
9.4%€56.17€40.52n/a9
May ’25€46.60
€49.03
+5.2%
8.0%€54.22€40.20n/a9
Apr ’25€46.00
€48.46
+5.3%
11.6%€57.97€36.80n/a9
Mar ’25€42.40
€48.81
+15.1%
11.6%€58.14€36.91n/a9
Feb ’25€39.00
€49.18
+26.1%
13.0%€60.73€36.81n/a9
Jan ’25€41.00
€52.06
+27.0%
11.6%€62.76€43.38n/a10
Dec ’24€39.40
€51.94
+31.8%
11.6%€62.51€43.21n/a10
Nov ’24€43.20
€55.31
+28.0%
10.5%€64.29€44.44€55.5010
Oct ’24€47.40
€53.30
+12.4%
12.3%€63.36€42.86€55.0010
Sep ’24€51.50
€52.59
+2.1%
12.9%€62.86€42.52€53.509
Aug ’24€46.20
€46.33
+0.3%
13.2%€54.46€37.50€57.509
Jul ’24€38.80
€45.46
+17.2%
14.7%€56.59€37.11€48.209
Jun ’24€30.40
€46.79
+53.9%
18.4%€62.94€37.02€47.209
May ’24€36.60
€48.71
+33.1%
15.4%€61.98€38.28€46.609
Apr ’24€37.80
€51.26
+35.6%
14.5%€64.16€39.63€46.009
Mar ’24€43.80
€51.67
+18.0%
14.5%€64.27€39.70€42.409
Feb ’24€48.80
€54.25
+11.2%
12.5%€64.61€44.30€39.009
Jan ’24€46.80
€54.06
+15.5%
10.4%€62.75€46.34€41.0010
Dec ’23€51.00
€54.06
+6.0%
10.4%€62.75€46.34€39.4010
Nov ’23€51.50
€52.66
+2.2%
12.5%€65.95€45.66€43.2010

Analyst Forecast: Target price is lower than the current share price.

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