Newlat Food S.p.A.

DB:6NF Stock Report

Market Cap: €503.7m

Newlat Food Valuation

Is 6NF 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 6NF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6NF (€11.5) is trading below our estimate of fair value (€21.17)

Significantly Below Fair Value: 6NF is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6NF?

Key metric: As 6NF is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 6NF. This is calculated by dividing 6NF's market cap by their current earnings.
What is 6NF's PE Ratio?
PE Ratio3x
Earnings€166.78m
Market Cap€503.73m

Price to Earnings Ratio vs Peers

How does 6NF's PE Ratio compare to its peers?

The above table shows the PE ratio for 6NF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.2x
NLM FRoSTA
12.3xn/a€408.8m
SSH Südwestdeutsche Salzwerke
15xn/a€609.4m
SZU Südzucker
6.7x-10.2%€2.2b
SMB Schwälbchen Molkerei Jakob Berz
6.7xn/a€55.8m
6NF Newlat Food
3x-43.0%€503.7m

Price-To-Earnings vs Peers: 6NF is good value based on its Price-To-Earnings Ratio (3x) compared to the peer average (10.2x).

Price to Earnings Ratio vs Industry

How does 6NF's PE Ratio compare vs other companies in the European Food Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
6NF 3.0xIndustry Avg. 13.4xNo. of Companies19PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 6NF is good value based on its Price-To-Earnings Ratio (3x) compared to the European Food industry average (13.4x).

Price to Earnings Ratio vs Fair Ratio

What is 6NF'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.

6NF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3x
Fair PE Ratio6.4x

Price-To-Earnings vs Fair Ratio: 6NF is good value based on its Price-To-Earnings Ratio (3x) compared to the estimated Fair Price-To-Earnings Ratio (6.4x).

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 6NF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€11.50
€14.25
+23.9%
3.2%€14.70€13.80n/a2
Nov ’25€11.30
€14.15
+25.2%
3.9%€14.70€13.60n/a2
Oct ’25€11.44
€14.20
+24.1%
4.2%€14.80€13.60n/a2
Sep ’25€12.38
€14.20
+14.7%
4.2%€14.80€13.60n/a2
Aug ’25€12.30
€14.20
+15.4%
4.2%€14.80€13.60n/a2
Jul ’25€12.62
€14.20
+12.5%
4.2%€14.80€13.60n/a2
Jun ’25€8.14
€7.85
-3.6%
1.9%€8.00€7.70n/a2
Mar ’25€6.56
€7.90
+20.4%
1.3%€8.00€7.80n/a2
Feb ’25€7.87
€8.10
+2.9%
1.2%€8.20€8.00n/a2
Jan ’25€7.85
€8.10
+3.2%
1.2%€8.20€8.00n/a2
Nov ’24€5.84
€8.30
+42.1%
1.2%€8.40€8.20€11.302
Oct ’24€5.87
€8.30
+41.4%
1.2%€8.40€8.20€11.442
May ’24€5.30
€8.05
+51.9%
0.6%€8.10€8.00€5.962
Apr ’24€5.08
€8.05
+58.5%
0.6%€8.10€8.00€6.022
Mar ’24€4.62
€7.25
+57.1%
9.0%€7.90€6.60€6.562
Feb ’24€4.65
€7.25
+56.1%
9.0%€7.90€6.60€7.872
Jan ’24€4.26
€7.47
+75.5%
8.2%€7.90€6.60€7.853
Dec ’23€4.34
€7.47
+72.2%
8.2%€7.90€6.60€6.403
Nov ’23€4.49
€7.80
+73.9%
8.9%€8.70€7.00€5.843

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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