Next 15 Group plc

DB:8LS Stock Report

Market Cap: €502.2m

Next 15 Group Valuation

Is 8LS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 8LS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8LS (€5.05) is trading below our estimate of fair value (€18.02)

Significantly Below Fair Value: 8LS is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8LS?

Key metric: As 8LS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 8LS. This is calculated by dividing 8LS's market cap by their current earnings.
What is 8LS's PE Ratio?
PE Ratio6.9x
EarningsUK£60.78m
Market CapUK£417.71m

Price to Earnings Ratio vs Peers

How does 8LS's PE Ratio compare to its peers?

The above table shows the PE ratio for 8LS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.8x
M8G Verve Group
12.9x22.0%€657.6m
SAX Ströer SE KGaA
23.7x29.2%€2.7b
SYZ SYZYGY
15.9x20.8%€37.8m
APM ad pepper media International
70.8x9.4%€37.1m
8LS Next 15 Group
6.9x-8.0%€417.7m

Price-To-Earnings vs Peers: 8LS is good value based on its Price-To-Earnings Ratio (6.9x) compared to the peer average (30.8x).

Price to Earnings Ratio vs Industry

How does 8LS's PE Ratio compare vs other companies in the European Media Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
8LS 6.9xIndustry Avg. 12.2xNo. of Companies17PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 8LS is good value based on its Price-To-Earnings Ratio (6.9x) compared to the European Media industry average (12.4x).

Price to Earnings Ratio vs Fair Ratio

What is 8LS'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.

8LS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.9x
Fair PE Ratio12.1x

Price-To-Earnings vs Fair Ratio: 8LS is good value based on its Price-To-Earnings Ratio (6.9x) compared to the estimated Fair Price-To-Earnings Ratio (12.1x).

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 8LS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.05
€9.27
+83.6%
12.1%€10.67€7.55n/a6
Nov ’25€4.72
€9.28
+96.7%
12.1%€10.69€7.56n/a6
Oct ’25€5.40
€9.20
+70.4%
12.1%€10.59€7.50n/a6
Sep ’25€9.90
€13.93
+40.7%
11.7%€17.23€11.88n/a6
Aug ’25€10.10
€13.93
+37.9%
11.7%€17.23€11.88n/a6
Jul ’25€9.20
€14.07
+52.9%
11.9%€17.12€11.81n/a6
Jun ’25€11.90
€13.82
+16.1%
11.5%€16.86€11.63n/a6
May ’25€10.40
€13.92
+33.9%
11.6%€16.91€11.67n/a6
Apr ’25€10.60
€13.74
+29.6%
12.9%€16.95€10.99n/a6
Mar ’25€10.50
€13.58
+29.3%
13.3%€16.96€11.00n/a6
Feb ’25€10.70
€13.51
+26.2%
14.6%€16.94€10.98n/a5
Jan ’25€9.10
€13.42
+47.4%
14.6%€16.83€10.91n/a5
Dec ’24€8.50
€13.48
+58.6%
15.8%€16.67€10.80n/a4
Nov ’24€7.25
€14.38
+98.3%
11.8%€16.68€12.65€4.723
Oct ’24€6.90
€14.38
+108.4%
11.8%€16.68€12.65€5.403
Sep ’24€7.15
€16.15
+125.9%
6.7%€16.97€14.63€9.903
Aug ’24€7.20
€16.15
+124.3%
6.7%€16.97€14.63€10.103
Jul ’24€7.75
€15.90
+105.2%
6.7%€16.71€14.41€9.203
Jun ’24€8.60
€15.90
+84.9%
6.7%€16.71€14.41€11.903
May ’24€9.25
€15.60
+68.7%
6.7%€16.39€14.13€10.403
Apr ’24€9.55
€16.28
+70.5%
1.2%€16.47€16.02€10.603
Mar ’24€11.70
€16.28
+39.2%
1.2%€16.47€16.02€10.503
Feb ’24€11.10
€16.28
+46.7%
1.2%€16.47€16.02€10.703
Jan ’24€11.10
€16.92
+52.5%
4.9%€18.07€16.12€9.103
Dec ’23€11.80
€16.92
+43.4%
4.9%€18.07€16.12€8.503
Nov ’23€10.50
€17.21
+63.9%
4.9%€18.37€16.39€7.253

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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