Alibaba Pictures Group Limited

DB:CBW Stock Report

Market Cap: €1.7b

Alibaba Pictures Group Valuation

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

Below Fair Value: CBW (€0.05) is trading below our estimate of fair value (€0.1)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CBW. This is calculated by dividing CBW's market cap by their current earnings.
What is CBW's PE Ratio?
PE Ratio37.1x
EarningsCN¥346.28m
Market CapCN¥12.85b

Price to Earnings Ratio vs Peers

How does CBW's PE Ratio compare to its peers?

The above table shows the PE ratio for CBW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.1x
EVD CTS Eventim KGaA
27.5x5.6%€8.7b
EDL Edel SE KGaA
7.8x9.7%€96.2m
SAX Ströer SE KGaA
23.1x29.2%€2.7b
M8G Verve Group
13.9x22.0%€710.8m
CBW Alibaba Pictures Group
37.1x35.5%€13.8b

Price-To-Earnings vs Peers: CBW is expensive based on its Price-To-Earnings Ratio (37.1x) compared to the peer average (18.1x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CBW 37.1xIndustry Avg. 12.4xNo. of Companies10PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CBW is expensive based on its Price-To-Earnings Ratio (37.1x) compared to the European Entertainment industry average (12.8x).

Price to Earnings Ratio vs Fair Ratio

What is CBW'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.

CBW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio37.1x
Fair PE Ratio26.2x

Price-To-Earnings vs Fair Ratio: CBW is expensive based on its Price-To-Earnings Ratio (37.1x) compared to the estimated Fair Price-To-Earnings Ratio (26.2x).

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 CBW forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.051
€0.069
+35.4%
2.7%€0.071€0.066n/a5
Nov ’25€0.052
€0.069
+32.8%
2.7%€0.071€0.066n/a5
Oct ’25€0.053
€0.069
+30.2%
2.7%€0.071€0.066n/a5
Sep ’25€0.038
€0.069
+80.9%
1.8%€0.071€0.067n/a5
Aug ’25€0.041
€0.069
+67.6%
2.2%€0.07€0.067n/a3
Jul ’25€0.044
€0.069
+57.5%
2.1%€0.071€0.067n/a3
Jun ’25€0.049
€0.069
+42.9%
2.1%€0.071€0.067n/a3
May ’25€0.049
€0.076
+54.9%
4.8%€0.079€0.071n/a3
Apr ’25€0.049
€0.073
+49.7%
8.1%€0.078€0.064n/a3
Mar ’25€0.048
€0.075
+56.4%
10.5%€0.084€0.065n/a3
Feb ’25€0.043
€0.076
+79.6%
8.9%€0.084€0.068n/a3
Jan ’25€0.049
€0.076
+55.7%
8.9%€0.084€0.068n/a3
Dec ’24€0.058
€0.077
+33.2%
9.4%€0.083€0.067n/a3
Nov ’24€0.054
€0.075
+38.0%
9.4%€0.085€0.068€0.0523
Oct ’24€0.069
€0.068
-1.4%
7.6%€0.073€0.063€0.0532
Sep ’24€0.056
€0.057
+1.9%
7.7%€0.061€0.052€0.0382
Aug ’24€0.05
€0.057
+13.1%
7.7%€0.061€0.052€0.0412
Jul ’24€0.042
€0.057
+36.7%
4.9%€0.06€0.055€0.0442
Jun ’24€0.043
€0.057
+35.1%
4.9%€0.06€0.055€0.0492
May ’24€0.051
€0.066
+28.3%
5.8%€0.07€0.062€0.0492
Apr ’24€0.052
€0.066
+25.9%
5.8%€0.07€0.062€0.0492
Mar ’24€0.055
€0.074
+32.9%
3.5%€0.076€0.071€0.0482
Feb ’24€0.062
€0.074
+18.4%
3.5%€0.076€0.071€0.0432
Jan ’24€0.063
€0.069
+9.6%
9.7%€0.075€0.062€0.0492
Dec ’23€0.048
€0.066
+36.7%
16.3%€0.076€0.055€0.0582
Nov ’23€0.024
€0.066
+172.3%
12.6%€0.074€0.058€0.0542

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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