Big River Industries Limited

DB:BQ3 Stock Report

Market Cap: €70.4m

Big River Industries Valuation

Is BQ3 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 BQ3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BQ3 (€0.8) is trading below our estimate of fair value (€1.03)

Significantly Below Fair Value: BQ3 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BQ3?

Key metric: As BQ3 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BQ3. This is calculated by dividing BQ3's market cap by their current earnings.
What is BQ3's PE Ratio?
PE Ratio14.2x
EarningsAU$8.03m
Market CapAU$114.40m

Price to Earnings Ratio vs Peers

How does BQ3's PE Ratio compare to its peers?

The above table shows the PE ratio for BQ3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.6x
DLX Delignit
11.9x27.0%€23.1m
NTG Nabaltec
8.7x4.3%€126.7m
2HRA H&R GmbH KGaA
23.4x52.9%€128.4m
EIS Eisen- und Hüttenwerke
18.5xn/a€202.4m
BQ3 Big River Industries
14.2x23.8%€114.4m

Price-To-Earnings vs Peers: BQ3 is good value based on its Price-To-Earnings Ratio (14.2x) compared to the peer average (15.6x).

Price to Earnings Ratio vs Industry

How does BQ3's PE Ratio compare vs other companies in the European Forestry Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BQ3 14.2xIndustry Avg. 10.1xNo. of Companies7PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BQ3 is expensive based on its Price-To-Earnings Ratio (14.2x) compared to the European Forestry industry average (10.2x).

Price to Earnings Ratio vs Fair Ratio

What is BQ3'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.

BQ3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.2x
Fair PE Ratio13.1x

Price-To-Earnings vs Fair Ratio: BQ3 is expensive based on its Price-To-Earnings Ratio (14.2x) compared to the estimated Fair Price-To-Earnings Ratio (13.1x).

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 BQ3 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.80
€1.08
+34.9%
5.1%€1.13€1.02n/a2
Nov ’25€0.82
€1.08
+30.8%
5.1%€1.13€1.02n/a2
Oct ’25€0.92
€1.08
+18.0%
5.1%€1.13€1.02n/a2
Sep ’25€0.84
€1.07
+27.9%
5.1%€1.13€1.02n/a2
Aug ’25€1.02
€1.19
+16.6%
2.3%€1.22€1.16n/a2
Jul ’25€0.82
€1.19
+44.1%
2.3%€1.22€1.16n/a2
Jun ’25€0.81
€1.19
+45.9%
2.3%€1.22€1.16n/a2
May ’25€0.98
€1.19
+21.3%
2.3%€1.22€1.16n/a2
Apr ’25€1.02
€1.42
+39.0%
2.1%€1.45€1.39n/a2
Mar ’25€1.10
€1.42
+28.9%
2.1%€1.45€1.39n/a2
Feb ’25€1.23
€1.53
+24.4%
3.6%€1.59€1.48n/a2
Jan ’25€1.29
€1.53
+18.6%
2.6%€1.57€1.49n/a2
Dec ’24€1.22
€1.53
+25.5%
2.6%€1.57€1.49n/a2
Nov ’24€1.28
€1.77
+38.0%
15.1%€2.03€1.50€0.822
Oct ’24€1.31
€1.99
+51.6%
13.4%€2.31€1.66€0.923
Sep ’24€1.42
€1.99
+39.9%
13.4%€2.31€1.66€0.843
Aug ’24€1.44
€2.14
+48.4%
15.3%€2.38€1.68€1.023
Jul ’24€1.43
€2.14
+49.4%
15.3%€2.38€1.68€0.823
Jun ’24€1.51
€2.22
+47.3%
12.4%€2.43€1.83€0.813
May ’24€1.44
€2.22
+54.5%
12.4%€2.43€1.83€0.983
Apr ’24€1.51
€2.22
+47.3%
12.4%€2.43€1.83€1.023
Mar ’24€1.76
€2.20
+24.7%
14.0%€2.50€1.89€1.102
Feb ’24€1.61
€2.23
+38.5%
14.1%€2.55€1.92€1.232

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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