Britvic Valuation

Is B6S undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 B6S when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: B6S (€11.2) is trading below our estimate of fair value (€22.69)

Significantly Below Fair Value: B6S is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for B6S?

Other financial metrics that can be useful for relative valuation.

B6S key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.7x
Enterprise Value/EBITDA12.6x
PEG Ratio1.5x

Price to Earnings Ratio vs Peers

How does B6S's PE Ratio compare to its peers?

The above table shows the PE ratio for B6S vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.9x
MUT Mineralbrunnen Überkingen-Teinach GmbH KGaA
17.6xn/a€106.9m
SZU Südzucker
5x-32.3%€2.8b
KWS KWS SAAT SE KGaA
10.2x-2.6%€1.9b
SSH Südwestdeutsche Salzwerke
22.7xn/a€735.5m
B6S Britvic
18.4x12.5%€2.4b

Price-To-Earnings vs Peers: B6S is expensive based on its Price-To-Earnings Ratio (18.4x) compared to the peer average (13.9x).


Price to Earnings Ratio vs Industry

How does B6S's PE Ratio compare vs other companies in the European Beverage Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.1%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.1%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: B6S is expensive based on its Price-To-Earnings Ratio (18.4x) compared to the European Beverage industry average (18.3x).


Price to Earnings Ratio vs Fair Ratio

What is B6S'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.

B6S PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.4x
Fair PE Ratio21.1x

Price-To-Earnings vs Fair Ratio: B6S is good value based on its Price-To-Earnings Ratio (18.4x) compared to the estimated Fair Price-To-Earnings Ratio (21.1x).


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 B6S forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€11.20
€12.54
+12.0%
7.5%€13.86€10.30n/a15
Jun ’25€11.20
€12.32
+10.0%
7.9%€13.75€10.22n/a15
May ’25€10.10
€11.46
+13.5%
7.8%€12.88€10.18n/a14
Apr ’25€9.45
€11.41
+20.7%
7.8%€12.87€10.18n/a14
Mar ’25€9.80
€11.48
+17.1%
8.2%€12.85€10.16n/a15
Feb ’25€10.20
€11.33
+11.1%
8.5%€12.79€10.11n/a16
Jan ’25€9.55
€11.45
+19.9%
8.4%€12.85€10.17n/a16
Dec ’24€9.50
€11.38
+19.8%
8.3%€12.73€10.06n/a17
Nov ’24€9.60
€11.54
+20.2%
6.9%€12.70€10.10n/a15
Oct ’24€9.95
€11.45
+15.1%
7.6%€12.65€10.01n/a16
Sep ’24€10.20
€11.51
+12.8%
7.9%€12.78€10.05n/a16
Aug ’24€9.95
€11.48
+15.3%
7.5%€12.83€10.09n/a16
Jul ’24€9.75
€11.32
+16.1%
8.8%€12.77€8.82n/a16
Jun ’24€10.20
€11.21
+9.9%
8.7%€12.72€8.79€11.2016
May ’24€10.30
€10.43
+1.3%
8.4%€11.89€8.61€10.1014
Apr ’24€9.95
€10.35
+4.0%
9.0%€11.89€8.61€9.4515
Mar ’24€9.30
€10.32
+11.0%
9.2%€11.77€8.52€9.8016
Feb ’24€8.70
€10.47
+20.4%
9.3%€11.95€8.54€10.2016
Jan ’24€9.10
€10.73
+17.9%
8.9%€12.21€9.07€9.5517
Dec ’23€9.20
€10.74
+16.8%
8.9%€12.15€9.03€9.5018
Nov ’23€8.35
€10.71
+28.3%
8.8%€12.00€8.80€9.6018
Oct ’23€7.90
€11.08
+40.3%
8.0%€12.12€8.89€9.9518
Sep ’23€8.95
€11.46
+28.0%
7.8%€12.52€9.18€10.2018
Aug ’23€10.10
€11.46
+13.4%
7.8%€12.52€9.18€9.9518
Jul ’23€9.30
€11.19
+20.3%
7.9%€12.32€8.95€9.7518
Jun ’23€9.55
€11.43
+19.7%
8.1%€12.47€9.06€10.2018

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


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