Lenzing Aktiengesellschaft

DB:LEN Stock Report

Market Cap: €1.2b

Lenzing Valuation

Is LEN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: LEN (€29.85) is trading below our estimate of fair value (€91.37)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for LEN. This is calculated by dividing LEN's market cap by their current revenue.
What is LEN's PS Ratio?
PS Ratio0.4x
Sales€2.61b
Market Cap€1.16b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for LEN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.9x
SIM0 SIMONA
0.6xn/a€354.0m
FPE3 Fuchs
1.6x3.6%€5.0b
IBU IBU-tec advanced materials
0.7x19.2%€34.2m
SDF K+S
0.5x0.4%€2.0b
LEN Lenzing
0.4x2.8%€1.2b

Price-To-Sales vs Peers: LEN is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

How does LEN's PS Ratio compare vs other companies in the DE Chemicals Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
2HRA H&R GmbH KGaA
0.09x2.7%US$128.96m
NSAK OTI Greentech
0.03xn/aUS$604.56k
B7Y Byotrol
0.04xn/aUS$246.97k
No more companies available in this PS range
LEN 0.4xIndustry Avg. 1.1xNo. of Companies5PS00.40.81.21.62+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: LEN is good value based on its Price-To-Sales Ratio (0.4x) compared to the European Chemicals industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is LEN'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.

LEN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ratio0.3x

Price-To-Sales vs Fair Ratio: LEN is expensive based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).

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 LEN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€29.85
€33.74
+13.0%
3.6%€35.00€32.00n/a5
Nov ’25€30.95
€34.04
+10.0%
2.6%€35.00€32.70n/a5
Oct ’25€35.20
€34.04
-3.3%
2.6%€35.00€32.70n/a5
Sep ’25€30.80
€34.04
+10.5%
2.6%€35.00€32.70n/a5
Aug ’25€32.20
€34.26
+6.4%
2.7%€35.00€32.80n/a5
Jul ’25€33.10
€34.26
+3.5%
2.7%€35.00€32.80n/a5
Jun ’25€34.60
€34.26
-1.0%
2.7%€35.00€32.80n/a5
May ’25€30.40
€31.26
+2.8%
11.3%€35.00€25.00n/a5
Apr ’25€32.15
€32.26
+0.3%
11.6%€35.00€25.00n/a5
Mar ’25€29.00
€36.66
+26.4%
12.0%€45.00€32.80n/a5
Feb ’25€30.70
€40.80
+32.9%
13.2%€45.50€33.50n/a5
Jan ’25€34.45
€43.60
+26.6%
5.5%€45.50€39.00n/a5
Dec ’24€34.75
€44.60
+28.3%
7.9%€50.00€39.00n/a5
Nov ’24€36.25
€46.33
+27.8%
8.5%€51.00€39.00€30.956
Oct ’24€40.25
€50.83
+26.3%
20.1%€72.00€39.00€35.206
Sep ’24€43.70
€50.83
+16.3%
20.1%€72.00€39.00€30.806
Aug ’24€45.50
€62.04
+36.4%
20.3%€74.20€39.00€32.205
Jul ’24€45.45
€62.04
+36.5%
20.3%€74.20€39.00€33.105
Jun ’24€54.80
€62.04
+13.2%
20.3%€74.20€39.00€34.605
May ’24€58.10
€65.04
+11.9%
20.7%€75.00€39.00€30.405
Apr ’24€69.90
€65.04
-7.0%
20.7%€75.00€39.00€32.155
Mar ’24€72.20
€74.64
+3.4%
41.2%€130.00€39.00€29.005
Feb ’24€67.60
€73.90
+9.3%
41.6%€130.00€39.00€30.705
Jan ’24€55.60
€73.90
+32.9%
41.6%€130.00€39.00€34.455
Dec ’23€66.30
€73.90
+11.5%
41.6%€130.00€39.00€34.755
Nov ’23€48.25
€78.30
+62.3%
40.6%€130.00€39.00€36.255

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

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