CCL Industries Inc.

DB:1C9 Stock Report

Market Cap: €9.5b

CCL Industries Valuation

Is 1C9 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 1C9 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1C9 (€53) is trading below our estimate of fair value (€103.54)

Significantly Below Fair Value: 1C9 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1C9?

Key metric: As 1C9 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1C9. This is calculated by dividing 1C9's market cap by their current earnings.
What is 1C9's PE Ratio?
PE Ratio19.6x
EarningsCA$702.10m
Market CapCA$13.80b

Price to Earnings Ratio vs Peers

How does 1C9's PE Ratio compare to its peers?

The above table shows the PE ratio for 1C9 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26x
EVK Evonik Industries
36x33.1%€8.2b
SY1 Symrise
37.3x13.2%€14.6b
FPE3 Fuchs
19.1x8.7%€5.0b
HEI Heidelberg Materials
11.5x7.8%€21.4b
1C9 CCL Industries
19.6x8.4%€13.8b

Price-To-Earnings vs Peers: 1C9 is good value based on its Price-To-Earnings Ratio (19.6x) compared to the peer average (26x).

Price to Earnings Ratio vs Industry

How does 1C9's PE Ratio compare vs other companies in the European Packaging Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
1C9 19.6xIndustry Avg. 18.6xNo. of Companies6PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1C9 is expensive based on its Price-To-Earnings Ratio (19.6x) compared to the European Packaging industry average (18.6x).

Price to Earnings Ratio vs Fair Ratio

What is 1C9'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.

1C9 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.6x
Fair PE Ratio15.7x

Price-To-Earnings vs Fair Ratio: 1C9 is expensive based on its Price-To-Earnings Ratio (19.6x) compared to the estimated Fair Price-To-Earnings Ratio (15.7x).

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 1C9 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€53.00
€61.33
+15.7%
3.9%€65.57€58.05n/a10
Nov ’25€53.00
€59.69
+12.6%
4.6%€65.58€56.21n/a10
Oct ’25€54.50
€58.09
+6.6%
3.0%€60.87€55.58n/a10
Sep ’25€51.00
€57.11
+12.0%
2.8%€61.03€55.06n/a11
Aug ’25€50.00
€56.06
+12.1%
2.8%€60.12€53.44n/a11
Jul ’25€48.60
€56.47
+16.2%
2.7%€60.76€54.01n/a11
Jun ’25€46.20
€56.32
+21.9%
3.0%€60.93€54.16n/a11
May ’25€48.00
€55.43
+15.5%
2.4%€57.29€53.20n/a11
Apr ’25€47.20
€54.90
+16.3%
2.2%€57.01€52.93n/a10
Mar ’25€47.00
€54.59
+16.1%
3.0%€56.63€50.49n/a10
Feb ’25€39.60
€49.99
+26.2%
5.0%€54.17€44.57n/a10
Jan ’25€40.40
€49.99
+23.7%
5.0%€54.17€44.57n/a10
Dec ’24€37.80
€48.95
+29.5%
5.0%€52.97€43.59n/a10
Nov ’24€36.80
€51.80
+40.8%
3.9%€55.03€48.23€53.008
Oct ’24€40.00
€51.80
+29.5%
3.9%€55.03€48.23€54.508
Sep ’24€41.20
€51.80
+25.7%
3.9%€55.03€48.23€51.008
Aug ’24€43.20
€52.81
+22.2%
3.6%€55.46€48.61€50.008
Jul ’24€44.60
€52.74
+18.2%
3.4%€55.40€48.56€48.609
Jun ’24€43.60
€52.74
+21.0%
3.4%€55.40€48.56€46.209
May ’24€42.40
€52.05
+22.8%
3.8%€54.83€49.28€48.009
Apr ’24€44.80
€52.05
+16.2%
3.8%€54.83€49.28€47.209
Mar ’24€45.40
€52.24
+15.1%
3.9%€54.86€49.30€47.009
Feb ’24€42.80
€51.61
+20.6%
3.9%€54.80€48.64€39.609
Jan ’24€40.40
€52.02
+28.8%
4.2%€56.50€48.92€40.4010
Dec ’23€45.40
€54.64
+20.4%
4.3%€59.04€51.12€37.8010
Nov ’23€47.60
€58.30
+22.5%
4.7%€62.46€54.29€36.8010

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

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