Michelmersh Brick Holdings plc

DB:MPO Stock Report

Market Cap: €117.5m

Michelmersh Brick Holdings Valuation

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

Below Fair Value: MPO (€1.22) is trading below our estimate of fair value (€1.64)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MPO. This is calculated by dividing MPO's market cap by their current earnings.
What is MPO's PE Ratio?
PE Ratio12.1x
EarningsUK£8.10m
Market CapUK£97.69m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MPO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.3x
STO3 Sto SE KGaA
11x3.5%€723.6m
NTG Nabaltec
8.8x4.3%€123.6m
2HRA H&R GmbH KGaA
23x52.9%€127.3m
EIS Eisen- und Hüttenwerke
18.5xn/a€202.4m
MPO Michelmersh Brick Holdings
12.1x6.9%€97.7m

Price-To-Earnings vs Peers: MPO is good value based on its Price-To-Earnings Ratio (12.1x) compared to the peer average (15.3x).

Price to Earnings Ratio vs Industry

How does MPO's PE Ratio compare vs other companies in the European Basic Materials Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MPO 12.1xIndustry Avg. 12.7xNo. of Companies9PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MPO is good value based on its Price-To-Earnings Ratio (12.1x) compared to the European Basic Materials industry average (12.7x).

Price to Earnings Ratio vs Fair Ratio

What is MPO'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.

MPO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.1x
Fair PE Ratio11.3x

Price-To-Earnings vs Fair Ratio: MPO is expensive based on its Price-To-Earnings Ratio (12.1x) compared to the estimated Fair Price-To-Earnings Ratio (11.3x).

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 MPO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.22
€1.87
+52.9%
13.7%€2.05€1.50n/a3
Nov ’25€1.20
€1.84
+53.0%
13.7%€2.01€1.48n/a3
Oct ’25€1.12
€1.84
+63.9%
13.7%€2.01€1.48n/a3
Sep ’25€1.22
€1.85
+51.6%
18.1%€2.14€1.38n/a3
Aug ’25€1.14
€1.85
+62.2%
18.1%€2.14€1.38n/a3
Jul ’25€1.10
€1.81
+64.6%
18.1%€2.10€1.35n/a3
Jun ’25€1.16
€1.81
+56.1%
18.1%€2.10€1.35n/a3
May ’25€1.12
€1.81
+61.6%
18.1%€2.10€1.35n/a3
Apr ’25€1.18
€1.81
+53.4%
18.1%€2.10€1.35n/a3
Mar ’25€1.01
€1.78
+76.4%
18.4%€2.07€1.32n/a3
Feb ’25€1.18
€1.78
+51.0%
18.4%€2.07€1.32n/a3
Jan ’25€1.06
€1.78
+68.0%
18.4%€2.07€1.32n/a3
Dec ’24€0.94
€1.78
+89.5%
18.4%€2.07€1.32n/a3
Nov ’24€0.92
€1.89
+107.0%
11.9%€2.11€1.58€1.203
Oct ’24€1.01
€1.89
+87.5%
11.9%€2.11€1.58€1.123
Sep ’24€1.01
€1.88
+86.6%
11.9%€2.10€1.57€1.223
Aug ’24€1.06
€1.88
+77.8%
11.9%€2.10€1.57€1.143
Jul ’24€1.09
€1.88
+72.1%
11.9%€2.09€1.57€1.103
Jun ’24€1.05
€2.02
+92.0%
2.9%€2.07€1.96€1.162
May ’24€1.04
€1.99
+91.1%
2.9%€2.04€1.93€1.122
Apr ’24€1.04
€1.99
+91.1%
2.9%€2.04€1.93€1.182
Mar ’24€1.07
€1.98
+85.0%
5.9%€2.10€1.86€1.012
Feb ’24€1.00
€1.98
+97.9%
5.9%€2.10€1.86€1.182
Jan ’24€1.06
€1.98
+86.7%
5.9%€2.10€1.86€1.062
Dec ’23€1.10
€1.98
+79.9%
5.9%€2.10€1.86€0.942
Nov ’23€0.93
€1.87
+102.4%
0.6%€1.88€1.86€0.922

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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