Team17 Group plc

DB:2EC Stock Report

Market Cap: €393.9m

Team17 Group Valuation

Is 2EC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 2EC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2EC (€2.58) is trading below our estimate of fair value (€7.72)

Significantly Below Fair Value: 2EC is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2EC?

Key metric: As 2EC is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 2EC. This is calculated by dividing 2EC's market cap by their current revenue.
What is 2EC's PS Ratio?
PS Ratio2x
SalesUK£167.42m
Market CapUK£326.88m

Price to Sales Ratio vs Peers

How does 2EC's PS Ratio compare to its peers?

The above table shows the PS ratio for 2EC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1x
BVB Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien
0.6x0.8%€343.8m
8WP Beyond Frames Entertainment
0.8x11.6%€14.3m
NWO New Work
1.2x-4.1%€375.4m
M8G Verve Group
1.5x11.9%€620.2m
2EC Team17 Group
2x2.1%€326.9m

Price-To-Sales vs Peers: 2EC is expensive based on its Price-To-Sales Ratio (2x) compared to the peer average (1x).

Price to Sales Ratio vs Industry

How does 2EC's PS Ratio compare vs other companies in the European Entertainment Industry?

38 CompaniesPrice / SalesEstimated GrowthMarket Cap
2EC 2.0xIndustry Avg. 1.5xNo. of Companies38PS01.63.24.86.48+
38 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 2EC is expensive based on its Price-To-Sales Ratio (2x) compared to the European Entertainment industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

What is 2EC's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2EC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2x
Fair PS Ratio1x

Price-To-Sales vs Fair Ratio: 2EC is expensive based on its Price-To-Sales Ratio (2x) compared to the estimated Fair Price-To-Sales Ratio (1x).

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 2EC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€2.58
€4.40
+70.6%
15.3%€5.89€3.57n/a11
Dec ’25€2.20
€4.20
+91.1%
19.3%€5.82€2.73n/a11
Nov ’25€2.58
€4.20
+63.0%
19.3%€5.82€2.73n/a11
Oct ’25€2.80
€4.20
+50.2%
19.3%€5.82€2.73n/a11
Sep ’25€2.76
€4.20
+52.2%
18.8%€5.77€2.71n/a11
Aug ’25€3.18
€4.18
+31.4%
19.7%€5.83€2.74n/a12
Jul ’25€3.02
€4.13
+36.8%
20.6%€5.78€2.71n/a11
Jun ’25€3.12
€4.02
+28.9%
20.9%€5.75€2.70n/a13
May ’25€3.02
€3.97
+31.6%
21.9%€5.73€2.69n/a12
Apr ’25€2.62
€3.81
+45.5%
25.2%€5.75€2.64n/a12
Mar ’25€2.62
€4.14
+58.2%
33.5%€7.50€2.64n/a12
Feb ’25€3.08
€4.33
+40.5%
34.0%€7.51€2.64n/a13
Jan ’25€2.02
€4.77
+136.2%
46.8%€10.20€2.10n/a12
Dec ’24€1.80
€5.29
+194.0%
38.2%€10.12€2.60€2.2012
Nov ’24€2.94
€6.41
+118.0%
23.6%€10.05€4.13€2.5811
Oct ’24€3.12
€6.43
+106.2%
22.6%€10.11€4.16€2.8012
Sep ’24€3.74
€6.68
+78.5%
21.4%€10.23€4.21€2.7611
Aug ’24€3.54
€6.61
+86.6%
20.9%€10.22€4.20€3.1812
Jul ’24€4.02
€6.70
+66.7%
18.2%€10.19€5.53€3.0212
Jun ’24€4.20
€6.70
+59.5%
18.2%€10.19€5.53€3.1212
May ’24€3.72
€6.56
+76.3%
18.4%€10.03€5.41€3.0212
Apr ’24€4.16
€6.57
+58.0%
18.5%€10.01€5.40€2.6212
Mar ’24€4.88
€6.78
+38.9%
17.5%€9.98€5.67€2.6211
Feb ’24€5.05
€6.53
+29.4%
21.4%€10.06€3.96€3.0812
Jan ’24€4.78
€6.48
+35.5%
22.7%€10.11€3.98€2.0212
Dec ’23€4.96
€6.48
+30.6%
22.7%€10.11€3.98€1.8012

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.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 06:05
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Team17 Group plc is covered by 27 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alexander deGrooteArden Partners Plc.
Nicholas Michael DempseyBarclays
Nicholas Michael DempseyBarclays