PT United Tractors Tbk

DB:UTY Stock Report

Market Cap: €5.9b

United Tractors Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: UTY (€1.54) is trading below our estimate of fair value (€4.99)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for UTY. This is calculated by dividing UTY's market cap by their current earnings.
What is UTY's PE Ratio?
PE Ratio4.7x
EarningsRp20.85t
Market CapRp98.06t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for UTY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.8x
ETG EnviTec Biogas
9.4xn/a€467.8m
CE2 CropEnergies
15.3x-7.5%€1.0b
CE2 CropEnergies
82.4xn/a€1.2b
VH2 Friedrich Vorwerk Group
19.9x12.9%€559.0m
UTY United Tractors
4.7x-4.6%€98.1t

Price-To-Earnings vs Peers: UTY is good value based on its Price-To-Earnings Ratio (4.7x) compared to the peer average (31.8x).

Price to Earnings Ratio vs Industry

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

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
UTY 4.7xIndustry Avg. 9.2xNo. of Companies18PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: UTY is good value based on its Price-To-Earnings Ratio (4.7x) compared to the European Oil and Gas industry average (9.2x).

Price to Earnings Ratio vs Fair Ratio

What is UTY'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.

UTY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.7x
Fair PE Ratio18.9x

Price-To-Earnings vs Fair Ratio: UTY is good value based on its Price-To-Earnings Ratio (4.7x) compared to the estimated Fair Price-To-Earnings Ratio (18.9x).

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 UTY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.54
€1.85
+20.2%
8.1%€2.10€1.61n/a18
Nov ’25€1.51
€1.74
+15.0%
10.5%€2.01€1.17n/a18
Oct ’25€1.53
€1.73
+13.3%
10.9%€1.94€1.18n/a17
Sep ’25€1.49
€1.67
+12.2%
10.7%€1.92€1.17n/a17
Aug ’25€1.38
€1.59
+15.1%
12.0%€1.87€1.14n/a18
Jul ’25€1.19
€1.55
+30.3%
11.2%€1.86€1.14n/a18
Jun ’25€1.30
€1.57
+20.5%
11.3%€1.89€1.16n/a18
May ’25€1.34
€1.56
+16.3%
11.4%€1.88€1.15n/a17
Apr ’25€1.33
€1.55
+16.8%
11.3%€1.80€1.17n/a16
Mar ’25€1.32
€1.56
+18.1%
11.9%€1.81€1.17n/a15
Feb ’25€1.26
€1.62
+28.3%
13.9%€1.98€1.17n/a16
Jan ’25€1.16
€1.72
+48.0%
11.8%€2.12€1.18n/a17
Dec ’24€1.11
€1.74
+56.4%
12.5%€2.12€1.18n/a15
Nov ’24€1.22
€1.87
+53.4%
9.9%€2.38€1.67€1.5115
Oct ’24€1.47
€1.93
+31.4%
13.0%€2.44€1.41€1.5315
Sep ’24€1.36
€1.91
+40.3%
13.5%€2.42€1.39€1.4916
Aug ’24€1.63
€1.90
+16.3%
15.9%€2.41€1.39€1.3816
Jul ’24€1.41
€1.97
+39.5%
18.0%€2.62€1.28€1.1916
Jun ’24€1.37
€2.06
+50.7%
15.1%€2.67€1.46€1.3017
May ’24€1.76
€2.15
+22.2%
14.7%€2.65€1.45€1.3417
Apr ’24€1.75
€2.18
+24.6%
12.4%€2.60€1.51€1.3318
Mar ’24€1.66
€2.25
+35.5%
12.4%€2.66€1.55€1.3219
Feb ’24€1.48
€2.21
+49.5%
12.1%€2.58€1.50€1.2619
Jan ’24€1.53
€2.21
+44.6%
12.1%€2.58€1.50€1.1619
Dec ’23€1.84
€2.32
+25.9%
12.3%€2.64€1.54€1.1119
Nov ’23€1.97
€2.51
+27.4%
9.7%€2.78€1.81€1.2218

Analyst Forecast: Target price is less than 20% higher than the current share price.

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