Fiera Milano Valuation

Is FM3 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 FM3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FM3 (€3.87) is trading above our estimate of fair value (€0.89)

Significantly Below Fair Value: FM3 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for FM3?

Key metric: As FM3 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FM3. This is calculated by dividing FM3's market cap by their current earnings.
What is FM3's PE Ratio?
PE Ratio7.6x
Earnings€37.29m
Market Cap€283.86m

Price to Earnings Ratio vs Peers

How does FM3's PE Ratio compare to its peers?

The above table shows the PE ratio for FM3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.4x
M8G Verve Group
14.5x22.0%€737.9m
SYZ SYZYGY
15.7x20.8%€37.3m
SAX Ströer SE KGaA
23.5x29.2%€2.7b
APM ad pepper media International
72.1x9.4%€37.8m
FM3 Fiera Milano
7.6x-2.8%€283.9m

Price-To-Earnings vs Peers: FM3 is good value based on its Price-To-Earnings Ratio (7.6x) compared to the peer average (31.4x).


Price to Earnings Ratio vs Industry

How does FM3's PE Ratio compare vs other companies in the European Media Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
FM3 7.6xIndustry Avg. 12.4xNo. of Companies16PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FM3 is good value based on its Price-To-Earnings Ratio (7.6x) compared to the European Media industry average (12.1x).


Price to Earnings Ratio vs Fair Ratio

What is FM3'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.

FM3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.6x
Fair PE Ratio11.8x

Price-To-Earnings vs Fair Ratio: FM3 is good value based on its Price-To-Earnings Ratio (7.6x) compared to the estimated Fair Price-To-Earnings Ratio (11.8x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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