The Marcus Corporation

DB:3L1 Stock Report

Market Cap: €621.0m

Marcus Valuation

Is 3L1 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-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 3L1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€12.84
Fair Value
50.3% overvalued intrinsic discount
3
Number of Analysts

Below Fair Value: 3L1 (€19.3) is trading above our estimate of fair value (€12.84)

Significantly Below Fair Value: 3L1 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3L1?

Key metric: As 3L1 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 3L1. This is calculated by dividing 3L1's market cap by their current revenue.
What is 3L1's PS Ratio?
PS Ratio0.9x
SalesUS$670.23m
Market CapUS$636.25m

Price to Sales Ratio vs Peers

How does 3L1's PS Ratio compare to its peers?

The above table shows the PS ratio for 3L1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.3x
BVB Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien
0.6x0.8%€346.6m
EDL Edel SE KGaA
0.4x2.1%€94.0m
LOU DEAG Deutsche Entertainment
0.2xn/a€86.4m
HLG Highlight Communications
0.2x4.9%€83.4m
3L1 Marcus
0.9x6.3%€636.3m

Price-To-Sales vs Peers: 3L1 is expensive based on its Price-To-Sales Ratio (0.9x) compared to the peer average (0.3x).

Price to Sales Ratio vs Industry

How does 3L1's PS Ratio compare vs other companies in the European Entertainment Industry?

39 CompaniesPrice / SalesEstimated GrowthMarket Cap
3L1 0.9xIndustry Avg. 1.5xNo. of Companies39PS01.63.24.86.48+
39 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 3L1 is good value based on its Price-To-Sales Ratio (0.9x) compared to the European Entertainment industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

What is 3L1'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.

3L1 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.9x
Fair PS Ratio1.3x

Price-To-Sales vs Fair Ratio: 3L1 is good value based on its Price-To-Sales Ratio (0.9x) compared to the estimated Fair Price-To-Sales Ratio (1.3x).

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 3L1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€19.30
€25.03
+29.7%
3.1%€25.99€24.07n/a3
Jan ’26€20.00
€23.82
+19.1%
3.3%€24.77€22.87n/a3
Dec ’25€20.80
€23.82
+14.5%
3.3%€24.77€22.87n/a3
Nov ’25€17.10
€20.92
+22.3%
11.0%€23.99€18.46n/a3
Oct ’25€13.30
€17.32
+30.2%
4.9%€17.92€16.12n/a3
Sep ’25€12.50
€17.55
+40.4%
4.9%€18.16€16.34n/a3
Aug ’25€11.40
€17.92
+57.2%
4.9%€18.53€16.68n/a3
Jul ’25€10.40
€17.65
+69.7%
4.3%€18.58€16.72n/a3
Jun ’25€9.65
€17.65
+82.9%
4.3%€18.58€16.72n/a3
May ’25€12.20
€18.15
+48.8%
2.4%€18.46€17.53n/a3
Apr ’25€12.90
€18.15
+40.7%
2.4%€18.46€17.53n/a3
Mar ’25€13.30
€18.15
+36.5%
2.4%€18.46€17.53n/a3
Feb ’25€12.50
€18.16
+45.3%
2.4%€18.47€17.54n/a3
Jan ’25€13.00
€19.77
+52.1%
6.7%€21.66€18.83€20.003
Dec ’24€12.80
€19.77
+54.5%
6.7%€21.66€18.83€20.803
Nov ’24€14.40
€19.56
+35.8%
8.2%€21.76€17.98€17.103
Oct ’24€14.50
€19.69
+35.8%
6.7%€21.57€18.76€13.303
Sep ’24€14.00
€19.43
+38.8%
6.7%€21.28€18.51€12.503
Aug ’24€14.00
€18.68
+33.4%
8.2%€20.79€17.18€11.403
Jul ’24€13.70
€19.15
+39.8%
6.7%€20.98€18.24€10.403
Jun ’24€14.20
€19.15
+34.9%
6.7%€20.98€18.24€9.653
May ’24€15.90
€20.03
+26.0%
16.2%€24.58€17.30€12.203
Apr ’24€14.60
€19.56
+33.9%
10.3%€22.35€17.69€12.903
Mar ’24€15.00
€19.28
+28.6%
10.3%€22.04€17.45€13.303
Feb ’24€13.80
€19.28
+39.7%
10.3%€22.04€17.45€12.503
Jan ’24€13.20
€20.09
+52.2%
12.3%€23.55€17.89€13.003
Analyst Price Target
Consensus Narrative from 3 Analysts
€25.25
Fair Value
23.6% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/10 15:04
End of Day Share Price 2025/01/10 00:00
Earnings2024/09/26
Annual Earnings2023/12/28

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

The Marcus Corporation is covered by 6 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David LoebBaird
James GossBarrington Research Associates, Inc.
Michael HickeyBenchmark Company