Bastei Lübbe AG

XTRA:BST Stock Report

Market Cap: €130.0m

Bastei Lübbe Valuation

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

Below Fair Value: BST (€9.85) is trading below our estimate of fair value (€28.35)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BST. This is calculated by dividing BST's market cap by their current earnings.
What is BST's PE Ratio?
PE Ratio12.2x
Earnings€10.70m
Market Cap€130.02m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average68.3x
G6P Going Public Media
75.4xn/a€1.5m
EDL Edel SE KGaA
7.9x9.7%€97.9m
SBV Schwabenverlag
173.8xn/a€1.4m
SYZ SYZYGY
16.2x20.8%€38.3m
BST Bastei Lübbe
12.2x0.1%€130.0m

Price-To-Earnings vs Peers: BST is good value based on its Price-To-Earnings Ratio (12.2x) compared to the peer average (68.3x).

Price to Earnings Ratio vs Industry

How does BST's PE Ratio compare vs other companies in the European Media Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
BST 12.2xIndustry Avg. 12.2xNo. of Companies17PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BST is good value based on its Price-To-Earnings Ratio (12.2x) compared to the European Media industry average (12.4x).

Price to Earnings Ratio vs Fair Ratio

What is BST'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.

BST PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.2x
Fair PE Ratio11.3x

Price-To-Earnings vs Fair Ratio: BST is expensive based on its Price-To-Earnings Ratio (12.2x) 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 BST forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€9.85
€11.40
+15.7%
7.0%€12.20€10.60n/a2
Nov ’25€9.25
€10.73
+15.9%
9.1%€11.70€9.75n/a2
Oct ’25€9.20
€10.73
+16.6%
9.1%€11.70€9.75n/a2
Sep ’25€9.70
€10.73
+10.6%
9.1%€11.70€9.75n/a2
Aug ’25€8.25
€10.58
+28.2%
7.8%€11.40€9.75n/a2
Jul ’25€7.70
€8.63
+12.1%
14.7%€10.40€7.50n/a3
Jun ’25€7.20
€8.63
+19.9%
14.7%€10.40€7.50n/a3
May ’25€6.45
€8.63
+33.9%
14.7%€10.40€7.50n/a3
Apr ’25€6.45
€8.63
+33.9%
14.7%€10.40€7.50n/a3
Mar ’25€6.55
€8.60
+31.3%
14.9%€10.40€7.50n/a3
Feb ’25€6.70
€7.80
+16.4%
2.8%€8.00€7.50n/a3
Jan ’25€5.90
€7.67
+29.9%
3.1%€8.00€7.50n/a3
Dec ’24€5.80
€7.75
+33.6%
3.2%€8.00€7.50n/a2
Nov ’24€5.40
€7.75
+43.5%
0.6%€7.80€7.70€9.252
Oct ’24€5.05
€7.75
+53.5%
0.6%€7.80€7.70€9.202
Sep ’24€5.10
€7.75
+52.0%
0.6%€7.80€7.70€9.702
Aug ’24€5.20
€7.50
+44.2%
2.7%€7.70€7.30€8.252
Jul ’24€4.84
€6.20
+28.1%
5.7%€6.70€5.90€7.703
Jun ’24€4.18
€6.20
+48.3%
5.7%€6.70€5.90€7.203
May ’24€4.62
€6.20
+34.2%
5.7%€6.70€5.90€6.453
Apr ’24€4.61
€6.20
+34.5%
5.7%€6.70€5.90€6.453
Mar ’24€4.80
€6.20
+29.2%
5.7%€6.70€5.90€6.553
Feb ’24€4.65
€6.10
+31.2%
7.5%€6.70€5.60€6.703
Jan ’24€4.44
€6.10
+37.4%
7.5%€6.70€5.60€5.903
Dec ’23€5.04
€6.15
+22.0%
8.9%€6.70€5.60€5.802
Nov ’23€4.88
€7.50
+53.7%
5.3%€7.90€7.10€5.402

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

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