Thunderbird Entertainment Group Inc.

DB:32GA Stock Report

Market Cap: €59.2m

Thunderbird Entertainment Group Valuation

Is 32GA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 32GA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 32GA (€1.17) is trading above our estimate of fair value (€0.09)

Significantly Below Fair Value: 32GA is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 32GA?

Key metric: As 32GA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 32GA. This is calculated by dividing 32GA's market cap by their current earnings.
What is 32GA's PE Ratio?
PE Ratio18.5x
EarningsCA$4.69m
Market CapCA$86.84m

Price to Earnings Ratio vs Peers

How does 32GA's PE Ratio compare to its peers?

The above table shows the PE ratio for 32GA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.9x
EDL Edel SE KGaA
8.1x9.7%€99.6m
SPM Splendid Medien
4.9xn/a€12.2m
YOC YOC
14.7x20.1%€55.6m
SYZ SYZYGY
15.9x20.8%€37.8m
32GA Thunderbird Entertainment Group
18.5x22.4%€86.8m

Price-To-Earnings vs Peers: 32GA is expensive based on its Price-To-Earnings Ratio (18.5x) compared to the peer average (10.9x).

Price to Earnings Ratio vs Industry

How does 32GA's PE Ratio compare vs other companies in the European Entertainment Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
32GA 18.5xIndustry Avg. 14.4xNo. of Companies11PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 32GA is expensive based on its Price-To-Earnings Ratio (18.5x) compared to the European Entertainment industry average (13.9x).

Price to Earnings Ratio vs Fair Ratio

What is 32GA'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.

32GA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.5x
Fair PE Ratio15.4x

Price-To-Earnings vs Fair Ratio: 32GA is expensive based on its Price-To-Earnings Ratio (18.5x) compared to the estimated Fair Price-To-Earnings Ratio (15.4x).

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 32GA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.17
€2.27
+93.8%
6.1%€2.40€2.13n/a2
Nov ’25€1.06
€2.19
+106.9%
6.1%€2.33€2.06n/a2
Oct ’25€1.33
€1.94
+45.8%
4.3%€2.02€1.85n/a2
Sep ’25€1.31
€1.94
+48.0%
4.3%€2.02€1.85n/a2
Aug ’25€1.31
€1.94
+48.0%
4.3%€2.02€1.85n/a2
Jul ’25€1.20
€1.94
+61.6%
4.3%€2.02€1.85n/a2
Jun ’25€1.14
€1.94
+70.1%
4.3%€2.02€1.85n/a2
May ’25€1.41
€2.13
+50.8%
4.0%€2.21€2.04n/a2
Apr ’25€1.23
€2.13
+72.9%
4.0%€2.21€2.04n/a2
Mar ’25€1.20
€2.13
+77.2%
4.0%€2.21€2.04n/a2
Feb ’25€1.33
€2.20
+65.5%
7.7%€2.37€2.03n/a2
Jan ’25€1.49
€2.20
+47.7%
7.7%€2.37€2.03n/a2
Dec ’24€1.46
€2.20
+50.7%
7.7%€2.37€2.03n/a2
Nov ’24€1.47
€2.45
+66.9%
1.4%€2.49€2.42€1.062
Oct ’24€1.42
€2.82
+98.9%
3.0%€2.91€2.74€1.332
Sep ’24€2.00
€2.82
+41.2%
3.0%€2.91€2.74€1.312
Aug ’24€2.40
€2.82
+17.7%
3.0%€2.91€2.74€1.312
Jul ’24€2.22
€2.82
+27.2%
3.0%€2.91€2.74€1.202
Jun ’24€2.38
€2.82
+18.7%
3.0%€2.91€2.74€1.142
May ’24€2.36
€2.87
+21.8%
3.0%€2.96€2.79€1.412
Apr ’24€2.20
€2.87
+30.6%
3.0%€2.96€2.79€1.232
Mar ’24€2.28
€2.87
+26.0%
3.0%€2.96€2.79€1.202
Feb ’24€2.54
€3.38
+33.2%
7.0%€3.62€3.15€1.332
Jan ’24€2.32
€3.38
+45.8%
7.0%€3.62€3.15€1.492
Dec ’23€2.24
€3.38
+51.0%
7.0%€3.62€3.15€1.462
Nov ’23€2.36
€3.60
+52.6%
2.6%€3.69€3.51€1.472

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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