SRP Groupe S.A.

DB:19R Stock Report

Market Cap: €114.9m

SRP Groupe Valuation

Is 19R undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 19R when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 19R (€0.95) is trading below our estimate of fair value (€7.17)

Significantly Below Fair Value: 19R is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 19R?

Key metric: As 19R is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 19R. This is calculated by dividing 19R's market cap by their current revenue.
What is 19R's PS Ratio?
PS Ratio0.2x
Sales€663.91m
Market Cap€114.93m

Price to Sales Ratio vs Peers

How does 19R's PS Ratio compare to its peers?

The above table shows the PS ratio for 19R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.2x
GFG Global Fashion Group
0.07x-0.5%€52.1m
YOU About You Holding
0.3x7.7%€560.3m
FSNT Platform Group
0.2x5.9%€151.4m
WEW Westwing Group
0.4x6.1%€161.3m
19R SRP Groupe
0.2x2.2%€114.9m

Price-To-Sales vs Peers: 19R is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.2x).

Price to Sales Ratio vs Industry

How does 19R's PS Ratio compare vs other companies in the DE Specialty Retail Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
CEC Ceconomy
0.06x1.1%US$1.52b
GFG Global Fashion Group
0.07x-0.5%US$54.23m
DEX Delticom
0.07x2.7%US$34.84m
49S Superdry
0.004x-1.4%US$3.12m
No more companies available in this PS range
19R 0.2xIndustry Avg. 0.4xNo. of Companies5PS00.40.81.21.62+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 19R is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Specialty Retail industry average (0.4x).

Price to Sales Ratio vs Fair Ratio

What is 19R's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

19R PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.1x

Price-To-Sales vs Fair Ratio: 19R is expensive based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.1x).

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 19R forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.95
€1.16
+22.6%
22.4%€1.42€0.90n/a2
Nov ’25€1.05
€1.16
+11.0%
22.4%€1.42€0.90n/a2
Oct ’25€1.00
€1.13
+12.5%
28.9%€1.45€0.80n/a2
Sep ’25€0.94
€1.13
+20.2%
28.9%€1.45€0.80n/a2
Aug ’25€0.78
€1.13
+43.9%
28.9%€1.45€0.80n/a2
Jul ’25€0.80
€1.43
+78.7%
23.1%€1.76€1.10n/a2
Jun ’25€0.92
€1.43
+55.1%
23.1%€1.76€1.10n/a2
May ’25€0.99
€1.43
+45.0%
23.1%€1.76€1.10n/a2
Apr ’25€0.94
€1.60
+69.7%
18.7%€1.90€1.30n/a2
Mar ’25€0.97
€1.63
+67.9%
20.2%€1.96€1.30n/a2
Feb ’25€1.08
€1.63
+50.9%
20.2%€1.96€1.30n/a2
Jan ’25€1.06
€1.63
+54.4%
20.2%€1.96€1.30n/a2
Dec ’24€1.00
€1.63
+62.4%
20.2%€1.96€1.30n/a2
Nov ’24€1.04
€1.63
+57.3%
20.2%€1.96€1.30€1.052
Oct ’24€1.08
€1.93
+79.0%
22.3%€2.36€1.50€1.002
Sep ’24€1.20
€1.93
+60.3%
22.3%€2.36€1.50€0.942
Aug ’24€1.25
€1.93
+54.2%
22.3%€2.36€1.50€0.782
Jul ’24€1.33
€2.02
+52.3%
25.7%€2.54€1.50€0.802
Jun ’24€1.35
€2.02
+49.2%
25.7%€2.54€1.50€0.922
May ’24€1.46
€2.02
+38.7%
25.7%€2.54€1.50€0.992
Apr ’24€1.47
€2.02
+37.2%
25.7%€2.54€1.50€0.942
Mar ’24€1.57
€1.71
+8.9%
24.0%€2.12€1.30€0.972
Feb ’24€1.62
€1.71
+5.5%
24.0%€2.12€1.30€1.082
Jan ’24€1.72
€1.71
-0.8%
24.0%€2.12€1.30€1.062
Dec ’23€1.64
€1.71
+4.5%
24.0%€2.12€1.30€1.002
Nov ’23€1.67
€1.71
+2.7%
24.0%€2.12€1.30€1.042

Analyst Forecast: Target price is less than 20% higher than the current share price.

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