AVI Limited

DB:IZ6 Stock Report

Market Cap: €1.9b

AVI Valuation

Is IZ6 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 IZ6 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IZ6 (€5.75) is trading below our estimate of fair value (€7.7)

Significantly Below Fair Value: IZ6 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IZ6?

Key metric: As IZ6 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for IZ6. This is calculated by dividing IZ6's market cap by their current earnings.
What is IZ6's PE Ratio?
PE Ratio16.4x
EarningsR2.26b
Market CapR36.97b

Price to Earnings Ratio vs Peers

How does IZ6's PE Ratio compare to its peers?

The above table shows the PE ratio for IZ6 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.9x
SZU Südzucker
6.7x-10.2%€2.3b
SSH Südwestdeutsche Salzwerke
14.8xn/a€625.2m
NLM FRoSTA
11.9xn/a€415.6m
SMB Schwälbchen Molkerei Jakob Berz
6.2xn/a€51.9m
IZ6 AVI
16.4x7.9%€37.0b

Price-To-Earnings vs Peers: IZ6 is expensive based on its Price-To-Earnings Ratio (16.4x) compared to the peer average (9.9x).

Price to Earnings Ratio vs Industry

How does IZ6's PE Ratio compare vs other companies in the European Food Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
IZ6 16.4xIndustry Avg. 13.2xNo. of Companies16PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: IZ6 is expensive based on its Price-To-Earnings Ratio (16.4x) compared to the European Food industry average (13.3x).

Price to Earnings Ratio vs Fair Ratio

What is IZ6'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.

IZ6 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.4x
Fair PE Ratio18.4x

Price-To-Earnings vs Fair Ratio: IZ6 is good value based on its Price-To-Earnings Ratio (16.4x) compared to the estimated Fair Price-To-Earnings Ratio (18.4x).

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 IZ6 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.75
€6.31
+9.8%
4.1%€6.65€6.01n/a3
Nov ’25€5.65
€6.31
+11.8%
4.1%€6.65€6.01n/a3
Oct ’25€5.70
€5.69
-0.2%
8.1%€6.15€5.23n/a2
Sep ’25€5.10
€4.91
-3.8%
6.4%€5.18€4.47n/a3
Aug ’25€4.80
€4.90
+2.1%
7.5%€5.36€4.44n/a5
Jul ’25€4.80
€4.84
+0.9%
7.4%€5.39€4.46n/a5
Jun ’25€4.26
€4.55
+6.8%
6.9%€5.12€4.25n/a5
May ’25€4.24
€4.55
+7.3%
6.9%€5.12€4.25n/a5
Apr ’25€4.50
€4.55
+1.1%
6.9%€5.12€4.25n/a5
Mar ’25€4.22
€4.33
+2.6%
2.9%€4.55€4.20n/a5
Feb ’25€4.06
€4.33
+6.6%
2.9%€4.55€4.20n/a5
Jan ’25€3.94
€4.08
+3.6%
4.0%€4.31€3.82n/a5
Dec ’24€3.82
€4.08
+6.8%
4.0%€4.31€3.82n/a5
Nov ’24€3.50
€4.17
+19.0%
5.1%€4.44€3.83€5.655
Oct ’24€3.68
€3.91
+6.2%
10.3%€4.33€3.12€5.706
Sep ’24€3.58
€3.71
+3.5%
10.9%€4.23€3.04€5.105
Aug ’24€3.56
€3.66
+2.7%
9.6%€4.08€3.12€4.804
Jul ’24€3.26
€3.62
+10.9%
9.9%€4.00€3.00€4.805
Jun ’24€2.90
€3.62
+24.7%
9.9%€4.00€3.00€4.265
May ’24€3.40
€3.78
+11.0%
10.6%€4.26€3.19€4.245
Apr ’24€3.58
€3.78
+5.5%
10.6%€4.26€3.19€4.505
Mar ’24€3.86
€4.25
+10.0%
5.6%€4.52€3.85€4.226
Feb ’24€3.86
€4.25
+10.0%
5.6%€4.52€3.85€4.066
Jan ’24€4.08
€4.42
+8.3%
6.4%€4.72€3.91€3.946
Dec ’23€4.04
€4.42
+9.4%
6.4%€4.72€3.91€3.826
Nov ’23€4.02
€4.42
+9.9%
6.4%€4.72€3.91€3.506

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

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