Ströer SE KGaA Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: SAX (€48.22) is trading below our estimate of fair value (€89.33)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SAX. This is calculated by dividing SAX's market cap by their current earnings.
What is SAX's PE Ratio?
PE Ratio23.4x
Earnings€115.45m
Market Cap€2.70b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SAX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.7x
M8G Verve Group
14.3x22.0%€733.2m
RRTL RTL Group
9.2x-3.8%€3.7b
SYZ SYZYGY
16.3x22.0%€38.6m
G24 Scout24
34.8x14.8%€6.1b
SAX Ströer SE KGaA
23.4x29.2%€2.7b

Price-To-Earnings vs Peers: SAX is expensive based on its Price-To-Earnings Ratio (23.4x) compared to the peer average (18.7x).


Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
SAX 23.4xIndustry Avg. 12.9xNo. of Companies16PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SAX is expensive based on its Price-To-Earnings Ratio (23.4x) compared to the European Media industry average (12.8x).


Price to Earnings Ratio vs Fair Ratio

What is SAX'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.

SAX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.4x
Fair PE Ratio22.9x

Price-To-Earnings vs Fair Ratio: SAX is expensive based on its Price-To-Earnings Ratio (23.4x) compared to the estimated Fair Price-To-Earnings Ratio (22.9x).


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 SAX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€48.22
€73.61
+52.7%
15.7%€100.00€55.00n/a11
Nov ’25€54.60
€75.54
+38.3%
14.1%€100.00€59.20n/a11
Oct ’25€56.60
€75.54
+33.5%
14.1%€100.00€59.20n/a11
Sep ’25€58.95
€76.34
+29.5%
12.6%€100.00€64.00n/a11
Aug ’25€62.50
€76.70
+22.7%
13.2%€100.00€64.00n/a11
Jul ’25€59.85
€75.09
+25.5%
13.4%€100.00€64.00n/a11
Jun ’25€65.40
€71.32
+9.0%
14.6%€100.00€61.00n/a11
May ’25€60.20
€65.45
+8.7%
8.4%€77.00€60.00n/a11
Apr ’25€55.70
€64.60
+16.0%
10.3%€77.00€55.00n/a11
Mar ’25€51.80
€64.02
+23.6%
10.1%€77.00€55.00n/a11
Feb ’25€54.15
€64.29
+18.7%
10.4%€77.00€55.00n/a11
Jan ’25€53.65
€62.99
+17.4%
12.6%€77.00€48.90n/a11
Dec ’24€54.50
€61.17
+12.2%
13.8%€77.00€48.90n/a11
Nov ’24€43.36
€57.80
+33.3%
15.2%€75.00€46.80€54.6011
Oct ’24€42.32
€57.53
+35.9%
15.5%€75.00€46.80€56.6011
Sep ’24€41.88
€57.25
+36.7%
14.7%€72.00€46.80€58.9511
Aug ’24€44.34
€56.13
+26.6%
16.1%€72.00€42.00€62.5012
Jul ’24€44.20
€56.35
+27.5%
15.7%€72.00€42.00€59.8512
Jun ’24€45.62
€56.77
+24.4%
15.5%€72.00€42.00€65.4012
May ’24€48.34
€56.63
+17.1%
16.0%€72.00€42.00€60.2011
Apr ’24€48.16
€55.99
+16.3%
16.1%€72.00€42.00€55.7011
Mar ’24€53.15
€55.65
+4.7%
16.1%€72.00€42.00€51.8011
Feb ’24€50.45
€54.56
+8.2%
15.7%€72.00€42.00€54.1511
Jan ’24€43.62
€53.93
+23.6%
16.7%€72.00€41.70€53.6511
Dec ’23€43.90
€53.47
+21.8%
17.8%€72.00€41.00€54.5011
Nov ’23€41.34
€56.86
+37.6%
22.6%€74.00€39.00€43.3611

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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