Hopscotch Global PR Group Valuation

Is 4Z2 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

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 4Z2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4Z2 (€16) is trading below our estimate of fair value (€41.4)

Significantly Below Fair Value: 4Z2 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4Z2?

Key metric: As 4Z2 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 4Z2. This is calculated by dividing 4Z2's market cap by their current earnings.
What is 4Z2's PE Ratio?
PE Ratio	8.9x
Earnings	€5.21m
Market Cap	€46.55m

4Z2 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.2x
Enterprise Value/EBITDA	4.3x
PEG Ratio	0.6x

Price to Earnings Ratio vs Peers

How does 4Z2's PE Ratio compare to its peers?

The above table shows the PE ratio for 4Z2 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	30.8x
SYZ SYZYGY	15.9x	20.8%	€37.8m
APM ad pepper media International	70.8x	9.4%	€37.1m
M8G Verve Group	12.9x	22.0%	€657.6m
SAX Ströer SE KGaA	23.7x	29.2%	€2.7b
4Z2 Hopscotch Global PR Group	8.9x	16.1%	€46.6m

Price-To-Earnings vs Peers: 4Z2 is good value based on its Price-To-Earnings Ratio (8.9x) compared to the peer average (30.8x).

Price to Earnings Ratio vs Industry

How does 4Z2's PE Ratio compare vs other companies in the European Media Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 4Z2 is good value based on its Price-To-Earnings Ratio (8.9x) compared to the European Media industry average (12.4x).

Price to Earnings Ratio vs Fair Ratio

What is 4Z2'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.

4Z2 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	8.9x
Fair PE Ratio	12.9x

Price-To-Earnings vs Fair Ratio: 4Z2 is good value based on its Price-To-Earnings Ratio (8.9x) compared to the estimated Fair Price-To-Earnings Ratio (12.9x).

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 4Z2 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	€16.00	€28.80 +80.0%	5.9%	€30.50	€27.10	n/a	2
Nov ’25	€19.55	€29.30 +49.9%	7.5%	€31.50	€27.10	n/a	2
Oct ’25	€21.30	€29.30 +37.6%	7.5%	€31.50	€27.10	n/a	2
Sep ’25	€22.60	€30.40 +34.5%	3.6%	€31.50	€29.30	n/a	2
Aug ’25	€21.80	€30.05 +37.8%	2.5%	€30.80	€29.30	n/a	2
Jul ’25	€20.60	€30.05 +45.9%	2.5%	€30.80	€29.30	n/a	2
Jun ’25	€22.40	€30.05 +34.2%	2.5%	€30.80	€29.30	n/a	2
May ’25	€20.70	€29.30 +41.5%	5.1%	€30.80	€27.80	n/a	2
Apr ’25	€18.40	€28.80 +56.5%	3.5%	€29.80	€27.80	n/a	2
Mar ’25	€16.95	€28.80 +69.9%	3.5%	€29.80	€27.80	n/a	2

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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