Miquel y Costas & Miquel Valuation

Q: What is the Fair Price of MQ4 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

MQ4 (€12.65) is trading below our estimate of [[fair value]] (€13.91)

Is MQ4 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 MQ4 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MQ4 (€12.65) is trading below our estimate of fair value (€13.91)

Significantly Below Fair Value: MQ4 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MQ4?

Key metric: As MQ4 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MQ4. This is calculated by dividing MQ4's market cap by their current earnings.
What is MQ4's PE Ratio?
PE Ratio	10.3x
Earnings	€46.60m
Market Cap	€481.08m

MQ4 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.6x
Enterprise Value/EBITDA	5.9x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does MQ4's PE Ratio compare to its peers?

The above table shows the PE ratio for MQ4 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	11.1x
ACT AlzChem Group	11.7x	12.6%	€586.2m
SIM0 SIMONA	11.4x	n/a	€342.0m
STO3 Sto SE KGaA	11x	7.8%	€723.6m
UZU Uzin Utz	10.2x	2.1%	€243.1m
MQ4 Miquel y Costas & Miquel	10.3x	n/a	€481.1m

Price-To-Earnings vs Peers: MQ4 is good value based on its Price-To-Earnings Ratio (10.3x) compared to the peer average (11.1x).

Price to Earnings Ratio vs Industry

How does MQ4's PE Ratio compare vs other companies in the European Forestry Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: MQ4 is good value based on its Price-To-Earnings Ratio (10.3x) compared to the European Forestry industry average (12.4x).

Price to Earnings Ratio vs Fair Ratio

What is MQ4'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.

MQ4 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	10.3x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MQ4's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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