Glanbia plc

DB:GL9 Stock Report

Market Cap: €3.7b

Glanbia Valuation

Is GL9 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 GL9 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GL9 (€14.04) is trading below our estimate of fair value (€43.51)

Significantly Below Fair Value: GL9 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GL9?

Key metric: As GL9 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for GL9. This is calculated by dividing GL9's market cap by their current earnings.
What is GL9's PE Ratio?
PE Ratio13.3x
EarningsUS$297.30m
Market CapUS$3.95b

Price to Earnings Ratio vs Peers

How does GL9's PE Ratio compare to its peers?

The above table shows the PE ratio for GL9 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.2x
SZU Südzucker
6.7x-10.2%€2.2b
SSH Südwestdeutsche Salzwerke
15xn/a€598.9m
NLM FRoSTA
12.2xn/a€408.8m
SMB Schwälbchen Molkerei Jakob Berz
6.7xn/a€55.8m
GL9 Glanbia
13.3x4.2%€3.7b

Price-To-Earnings vs Peers: GL9 is expensive based on its Price-To-Earnings Ratio (13.3x) compared to the peer average (10.2x).

Price to Earnings Ratio vs Industry

How does GL9's PE Ratio compare vs other companies in the European Food Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GL9 13.3xIndustry Avg. 13.4xNo. of Companies19PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GL9 is good value based on its Price-To-Earnings Ratio (13.3x) compared to the European Food industry average (13.4x).

Price to Earnings Ratio vs Fair Ratio

What is GL9'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.

GL9 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.3x
Fair PE Ratio19x

Price-To-Earnings vs Fair Ratio: GL9 is good value based on its Price-To-Earnings Ratio (13.3x) compared to the estimated Fair Price-To-Earnings Ratio (19x).

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 GL9 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€14.04
€20.32
+44.7%
15.0%€26.00€14.50n/a10
Nov ’25€14.62
€20.82
+42.4%
14.3%€26.00€14.50n/a10
Oct ’25€14.82
€20.81
+40.4%
14.3%€26.00€14.50n/a10
Sep ’25€15.84
€20.81
+31.4%
14.3%€26.00€14.50n/a10
Aug ’25€16.96
€20.78
+22.5%
14.1%€26.00€14.50n/a10
Jul ’25€17.32
€20.78
+20.0%
14.1%€26.00€14.50n/a10
Jun ’25€17.32
€20.61
+19.0%
14.4%€26.00€14.50n/a10
May ’25€17.50
€20.46
+16.9%
14.6%€26.00€14.50n/a10
Apr ’25€17.36
€19.60
+12.9%
18.0%€26.00€14.00n/a11
Mar ’25€16.23
€18.05
+11.2%
15.8%€24.00€14.00n/a10
Feb ’25€16.00
€16.42
+2.6%
14.2%€20.50€12.00n/a11
Jan ’25€15.03
€16.42
+9.2%
14.2%€20.50€12.00n/a11
Dec ’24€15.31
€16.42
+7.2%
14.2%€20.50€12.00n/a11
Nov ’24€15.78
€15.61
-1.1%
10.8%€17.40€12.00€14.6210
Oct ’24€14.40
€15.48
+7.5%
11.7%€17.40€12.00€14.8210
Sep ’24€14.58
€15.25
+4.6%
12.2%€17.40€12.00€15.8411
Aug ’24€14.00
€14.80
+5.7%
10.6%€16.80€12.00€16.9611
Jul ’24€12.98
€14.65
+12.9%
10.7%€16.80€12.00€17.3210
Jun ’24€13.24
€14.56
+10.0%
10.5%€16.40€12.00€17.3210
May ’24€12.74
€14.28
+12.0%
10.9%€16.40€12.00€17.5010
Apr ’24€12.55
€14.13
+12.5%
11.2%€16.40€12.00€17.3610
Mar ’24€11.66
€13.89
+19.1%
13.1%€16.60€11.50€16.2310
Feb ’24€11.00
€14.01
+27.3%
11.9%€16.25€11.50€16.0010
Jan ’24€11.13
€14.09
+26.6%
11.2%€16.25€11.50€15.039
Dec ’23€10.96
€14.09
+28.6%
11.2%€16.25€11.50€15.319
Nov ’23€10.70
€14.05
+31.3%
10.5%€16.25€11.50€15.7810

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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