M1 Kliniken Valuation

Is M12 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 M12 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€84.10
Fair Value
82.8% undervalued intrinsic discount
3
Number of Analysts

Below Fair Value: M12 (€14.58) is trading below our estimate of fair value (€82.74)

Significantly Below Fair Value: M12 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for M12?

Key metric: As M12 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for M12. This is calculated by dividing M12's market cap by their current earnings.
What is M12's PE Ratio?
PE Ratio16x
Earnings€16.76m
Market Cap€268.31m

Price to Earnings Ratio vs Peers

How does M12's PE Ratio compare to its peers?

The above table shows the PE ratio for M12 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.9x
MED MEDICLIN
5.2x-4.47%€135.9m
RHK RHÖN-KLINIKUM
21.6x14.67%€850.1m
LIK LIMES Schlosskliniken
30xn/a€92.6m
JTH Gesundheitswelt Chiemgau
6.9xn/a€24.2m
M12 M1 Kliniken
16.4x14.88%€274.2m

Price-To-Earnings vs Peers: M12 is expensive based on its Price-To-Earnings Ratio (16.4x) compared to the peer average (15.8x).


Price to Earnings Ratio vs Industry

How does M12's PE Ratio compare vs other companies in the European Healthcare Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
M12 16.0xIndustry Avg. 19.3xNo. of Companies6PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: M12 is good value based on its Price-To-Earnings Ratio (16.4x) compared to the European Healthcare industry average (19.1x).


Price to Earnings Ratio vs Fair Ratio

What is M12'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.

M12 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16x
Fair PE Ratio22.5x

Price-To-Earnings vs Fair Ratio: M12 is good value based on its Price-To-Earnings Ratio (16.4x) compared to the estimated Fair Price-To-Earnings Ratio (22.6x).


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 M12 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€14.50
€26.50
+82.76%
8.00%€28.00€23.50n/a3
May ’26€16.08
€25.83
+60.66%
7.13%€28.00€23.50n/a3
Sep ’25€13.85
€27.50
+98.56%
1.82%€28.00€27.00n/a2
Aug ’25€14.00
€27.50
+96.43%
1.82%€28.00€27.00n/a2
Jul ’25€18.60
€27.50
+47.85%
1.82%€28.00€27.00n/a2
Jun ’25€21.00
€17.50
-16.67%
2.86%€18.00€17.00n/a2
May ’25€13.65
€17.50
+28.21%
2.86%€18.00€17.00€16.082
Apr ’25€12.45
€16.75
+34.54%
7.46%€18.00€15.50€14.852
Mar ’25€14.20
€14.35
+1.06%
8.01%€15.50€13.20€14.302
Feb ’25€10.55
€13.25
+25.59%
0.38%€13.30€13.20€14.852
Jan ’25€11.05
€13.25
+19.91%
0.38%€13.30€13.20€16.002
Dec ’24€9.18
€12.20
+32.90%
2.46%€12.50€11.90€15.602
Nov ’24€8.34
€11.85
+42.09%
0.42%€11.90€11.80€16.502
Oct ’24€9.24
€11.85
+28.25%
0.42%€11.90€11.80€16.802
Sep ’24€8.22
€11.15
+35.64%
5.83%€11.80€10.50€13.852
Aug ’24€7.92
€10.75
+35.73%
2.33%€11.00€10.50€14.002
Jul ’24€8.00
€10.75
+34.38%
2.33%€11.00€10.50€18.602
Jun ’24€8.38
€10.75
+28.28%
2.33%€11.00€10.50€21.002
May ’24€7.80
€10.80
+38.46%
2.78%€11.10€10.50€13.652
AnalystConsensusTarget
Consensus Narrative from 3 Analysts
€26.57
Fair Value
45.4% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/28 23:09
End of Day Share Price 2025/05/28 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

M1 Kliniken AG is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Charlotte FriedrichsBerenberg
Stephan KleppCommerzbank AG
Edward AcklinFirst Berlin Equity Research GmbH