Cascades Inc.

DB:CS6 Stock Report

Market Cap: €786.8m

Cascades Valuation

Is CS6 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CS6 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CS6 (€7.4) is trading below our estimate of fair value (€9.74)

Significantly Below Fair Value: CS6 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CS6?

Key metric: As CS6 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for CS6. This is calculated by dividing CS6's market cap by their current revenue.
What is CS6's PS Ratio?
PS Ratio0.2x
SalesCA$4.63b
Market CapCA$1.15b

Price to Sales Ratio vs Peers

How does CS6's PS Ratio compare to its peers?

The above table shows the PS ratio for CS6 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.6x
STO3 Sto SE KGaA
0.4x1.8%€723.6m
ACT AlzChem Group
1.1x7.5%€606.5m
SZG Salzgitter
0.09x2.1%€942.2m
SIM0 SIMONA
0.6xn/a€357.0m
CS6 Cascades
0.2x3.2%€1.1b

Price-To-Sales vs Peers: CS6 is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.6x).

Price to Sales Ratio vs Industry

How does CS6's PS Ratio compare vs other companies in the European Packaging Industry?

0 CompaniesPrice / SalesEstimated GrowthMarket Cap
CS6 0.2xIndustry Avg. 0.6xNo. of Companies7PS00.40.81.21.62+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CS6 is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Packaging industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

What is CS6's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CS6 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.4x

Price-To-Sales vs Fair Ratio: CS6 is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).

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 CS6 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€7.40
€8.38
+13.3%
5.7%€9.39€8.05n/a6
Nov ’25€6.70
€7.74
+15.5%
4.6%€8.35€7.35n/a6
Oct ’25€6.75
€7.34
+8.7%
8.7%€8.34€6.67n/a6
Sep ’25€6.05
€7.34
+21.3%
8.7%€8.34€6.67n/a6
Aug ’25€6.35
€7.69
+21.1%
8.3%€8.69€6.69n/a6
Jul ’25€5.95
€7.97
+33.9%
5.8%€8.75€7.41n/a6
Jun ’25€6.25
€7.97
+27.5%
5.8%€8.75€7.41n/a6
May ’25€6.20
€7.98
+28.7%
6.4%€8.89€7.52n/a6
Apr ’25€6.70
€9.13
+36.2%
5.2%€9.58€8.21n/a6
Mar ’25€7.05
€9.58
+35.9%
2.3%€9.92€9.24n/a5
Feb ’25€9.85
€10.42
+5.8%
7.0%€11.58€9.53n/a5
Jan ’25€8.45
€9.78
+15.7%
3.6%€10.33€9.30n/a5
Dec ’24€8.10
€9.78
+20.7%
3.6%€10.33€9.30n/a5
Nov ’24€7.65
€9.78
+27.8%
3.6%€10.33€9.30€6.705
Oct ’24€8.55
€9.94
+16.3%
2.8%€10.43€9.74€6.755
Sep ’24€8.45
€9.60
+13.6%
3.5%€10.21€9.19€6.055
Aug ’24€8.05
€8.99
+11.7%
5.6%€9.47€8.12€6.355
Jul ’24€7.80
€9.18
+17.7%
8.6%€10.54€8.16€5.956
Jun ’24€7.45
€9.18
+23.2%
8.6%€10.54€8.16€6.256
May ’24€7.40
€7.62
+3.0%
7.9%€8.74€7.06€6.206
Apr ’24€7.15
€7.78
+8.8%
5.6%€8.36€7.32€6.706
Mar ’24€7.15
€7.78
+8.8%
5.6%€8.36€7.32€7.056
Feb ’24€6.20
€6.80
+9.6%
12.7%€8.30€5.88€9.856
Jan ’24€5.80
€7.18
+23.7%
19.7%€8.98€5.35€8.457
Dec ’23€5.90
€7.72
+30.9%
18.1%€9.46€5.64€8.107
Nov ’23€6.15
€8.27
+34.5%
19.0%€11.06€5.90€7.657

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

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