MMG Limited

DB:OMS1 Stock Report

Market Cap: €3.9b

MMG Valuation

Is OMS1 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 OMS1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OMS1 (€0.31) is trading below our estimate of fair value (€2.14)

Significantly Below Fair Value: OMS1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OMS1?

Key metric: As OMS1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for OMS1. This is calculated by dividing OMS1's market cap by their current earnings.
What is OMS1's PE Ratio?
PE Ratio46.3x
EarningsUS$88.90m
Market CapUS$4.11b

Price to Earnings Ratio vs Peers

How does OMS1's PE Ratio compare to its peers?

The above table shows the PE ratio for OMS1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.5x
NDA Aurubis
8.7x-6.2%€3.3b
WCH Wacker Chemie
28.3x37.0%€3.5b
FPE3 Fuchs
18.6x8.7%€4.9b
SDF K+S
78.5x61.1%€2.0b
OMS1 MMG
46.3x63.2%€32.0b

Price-To-Earnings vs Peers: OMS1 is expensive based on its Price-To-Earnings Ratio (46.3x) compared to the peer average (33.5x).

Price to Earnings Ratio vs Industry

How does OMS1's PE Ratio compare vs other companies in the European Metals and Mining Industry?

14 CompaniesPrice / EarningsEstimated GrowthMarket Cap
OMS1 46.3xIndustry Avg. 11.1xNo. of Companies14PE0816243240+
14 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: OMS1 is expensive based on its Price-To-Earnings Ratio (46.3x) compared to the European Metals and Mining industry average (11.1x).

Price to Earnings Ratio vs Fair Ratio

What is OMS1'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.

OMS1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio46.3x
Fair PE Ratio54.5x

Price-To-Earnings vs Fair Ratio: OMS1 is good value based on its Price-To-Earnings Ratio (46.3x) compared to the estimated Fair Price-To-Earnings Ratio (54.5x).

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 OMS1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.31
€0.43
+40.1%
28.9%€0.63€0.30n/a8
Nov ’25€0.32
€0.42
+28.2%
28.9%€0.61€0.29n/a8
Oct ’25€0.31
€0.39
+28.6%
29.5%€0.58€0.28n/a8
Sep ’25€0.25
€0.40
+59.9%
29.6%€0.59€0.28n/a8
Aug ’25€0.27
€0.44
+62.2%
23.7%€0.60€0.30n/a8
Jul ’25€0.34
€0.45
+33.6%
22.1%€0.61€0.30n/a8
Jun ’25€0.45
€0.44
-0.6%
27.4%€0.65€0.30n/a8
May ’25€0.42
€0.44
+5.6%
27.4%€0.65€0.30n/a8
Apr ’25€0.36
€0.37
+2.7%
23.1%€0.52€0.24n/a8
Mar ’25€0.25
€0.35
+41.0%
26.6%€0.52€0.24n/a8
Feb ’25€0.22
€0.34
+51.8%
26.6%€0.52€0.24n/a9
Jan ’25€0.26
€0.34
+32.2%
23.6%€0.51€0.23n/a10
Dec ’24€0.25
€0.35
+37.6%
22.6%€0.52€0.26n/a10
Nov ’24€0.26
€0.36
+35.6%
22.1%€0.53€0.26€0.3210
Oct ’24€0.28
€0.36
+28.7%
22.0%€0.53€0.26€0.3110
Sep ’24€0.29
€0.33
+13.9%
24.7%€0.52€0.24€0.2510
Aug ’24€0.33
€0.33
-0.8%
26.2%€0.51€0.23€0.2710
Jul ’24€0.25
€0.34
+35.9%
27.0%€0.52€0.23€0.3410
Jun ’24€0.27
€0.33
+20.4%
26.9%€0.51€0.24€0.4510
May ’24€0.32
€0.31
-4.7%
23.1%€0.45€0.24€0.4210
Apr ’24€0.26
€0.30
+14.9%
22.1%€0.46€0.23€0.3610
Mar ’24€0.27
€0.31
+15.1%
32.8%€0.57€0.23€0.2510
Feb ’24€0.33
€0.30
-8.4%
31.7%€0.55€0.22€0.2210
Jan ’24€0.23
€0.31
+34.7%
32.4%€0.57€0.23€0.2610
Dec ’23€0.24
€0.31
+30.2%
32.6%€0.58€0.23€0.2510
Nov ’23€0.20
€0.36
+77.8%
30.4%€0.61€0.25€0.2610

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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