Resonac Holdings Corporation

DB:SWD Stock Report

Market Cap: €4.6b

Resonac Holdings Valuation

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

Below Fair Value: SWD (€25) is trading below our estimate of fair value (€84.9)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SWD. This is calculated by dividing SWD's market cap by their current earnings.
What is SWD's PE Ratio?
PE Ratio19.4x
EarningsJP¥38.18b
Market CapJP¥740.64b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SWD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average39.5x
BAS BASF
76x34.2%€38.4b
WCH Wacker Chemie
28.3x37.0%€3.6b
FPE3 Fuchs
18.7x8.7%€5.0b
EVK Evonik Industries
35.2x33.1%€8.2b
SWD Resonac Holdings
19.4x24.2%€740.6b

Price-To-Earnings vs Peers: SWD is good value based on its Price-To-Earnings Ratio (19.4x) compared to the peer average (40.3x).

Price to Earnings Ratio vs Industry

How does SWD's PE Ratio compare vs other companies in the European Chemicals Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SWD 19.4xIndustry Avg. 17.1xNo. of Companies13PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SWD is expensive based on its Price-To-Earnings Ratio (19.4x) compared to the European Chemicals industry average (17.1x).

Price to Earnings Ratio vs Fair Ratio

What is SWD'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.

SWD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.4x
Fair PE Ratio22.8x

Price-To-Earnings vs Fair Ratio: SWD is good value based on its Price-To-Earnings Ratio (19.4x) compared to the estimated Fair Price-To-Earnings Ratio (22.8x).

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 SWD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€25.00
€26.26
+5.0%
13.8%€31.04€20.39n/a9
Nov ’25€21.00
€26.71
+27.2%
14.7%€32.23€21.17n/a9
Oct ’25€23.00
€26.71
+16.1%
14.7%€32.23€21.17n/a9
Sep ’25€21.80
€26.53
+21.7%
13.8%€31.77€20.87n/a9
Aug ’25€21.80
€25.36
+16.3%
13.1%€29.95€18.75n/a9
Jul ’25€19.60
€24.53
+25.1%
15.2%€29.23€16.25n/a9
Jun ’25€20.00
€23.56
+17.8%
15.0%€29.49€16.40n/a9
May ’25€20.00
€23.69
+18.5%
13.1%€27.15€16.77n/a9
Apr ’25€21.20
€23.57
+11.2%
13.0%€26.40€16.88n/a8
Mar ’25€22.00
€21.55
-2.1%
20.3%€26.30€14.07n/a7
Feb ’25€18.90
€16.98
-10.2%
11.7%€19.21€14.25n/a5
Jan ’25€17.80
€17.33
-2.7%
9.3%€19.99€14.83n/a6
Dec ’24€16.70
€16.62
-0.5%
12.8%€19.83€13.20n/a8
Nov ’24€15.40
€16.32
+6.0%
16.3%€19.67€12.69€21.008
Oct ’24€15.70
€16.32
+3.9%
16.3%€19.67€12.69€23.008
Sep ’24€15.10
€15.65
+3.7%
18.3%€19.60€11.70€21.808
Aug ’24€14.60
€15.73
+7.8%
20.6%€20.01€10.97€21.808
Jul ’24€14.60
€15.48
+6.0%
21.2%€20.08€11.01€19.607
Jun ’24€14.10
€15.07
+6.8%
18.4%€20.09€11.38€20.008
May ’24€14.40
€15.38
+6.8%
19.0%€20.56€11.65€20.008
Apr ’24€14.90
€15.92
+6.9%
18.6%€20.83€12.50€21.207
Mar ’24€15.60
€15.44
-1.0%
19.3%€20.76€12.45€22.008
Feb ’24€15.50
€16.54
+6.7%
27.7%€25.38€12.69€18.908
Jan ’24€14.20
€17.23
+21.3%
27.2%€25.63€12.81€17.807
Dec ’23€15.50
€17.73
+14.4%
28.4%€24.86€12.43€16.708
Nov ’23€14.80
€17.95
+21.3%
26.6%€25.18€12.25€15.407

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

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