Victorian Plumbing Group plc

DB:637 Stock Report

Market Cap: €435.0m

Victorian Plumbing Group Valuation

Is 637 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 637 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 637 (€1.29) is trading below our estimate of fair value (€2.49)

Significantly Below Fair Value: 637 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 637?

Key metric: As 637 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 637. This is calculated by dividing 637's market cap by their current earnings.
What is 637's PE Ratio?
PE Ratio29.9x
EarningsUK£12.10m
Market CapUK£361.53m

Price to Earnings Ratio vs Peers

How does 637's PE Ratio compare to its peers?

The above table shows the PE ratio for 637 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.9x
HBH HORNBACH Holding KGaA
7.7x6.8%€1.3b
HBM HORNBACH Baumarkt
24.8xn/a€1.8b
CEC Ceconomy
11.1x22.4%€1.5b
MDN Medion
32.2xn/a€647.9m
637 Victorian Plumbing Group
29.9x36.2%€361.5m

Price-To-Earnings vs Peers: 637 is expensive based on its Price-To-Earnings Ratio (29.9x) compared to the peer average (18.9x).

Price to Earnings Ratio vs Industry

How does 637's PE Ratio compare vs other companies in the European Specialty Retail Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
637 29.9xIndustry Avg. 16.3xNo. of Companies12PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 637 is expensive based on its Price-To-Earnings Ratio (29.9x) compared to the European Specialty Retail industry average (16.3x).

Price to Earnings Ratio vs Fair Ratio

What is 637'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.

637 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.9x
Fair PE Ratio13.6x

Price-To-Earnings vs Fair Ratio: 637 is expensive based on its Price-To-Earnings Ratio (29.9x) compared to the estimated Fair Price-To-Earnings Ratio (13.6x).

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 637 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.29
€1.44
+11.5%
5.6%€1.59€1.32n/a6
Nov ’25€1.29
€1.43
+11.2%
5.6%€1.58€1.32n/a6
Oct ’25€1.21
€1.37
+13.6%
7.3%€1.55€1.23n/a6
Sep ’25€1.14
€1.37
+20.6%
7.3%€1.55€1.23n/a6
Aug ’25€1.07
€1.37
+28.5%
7.3%€1.55€1.23n/a6
Jul ’25€1.05
€1.37
+30.9%
7.3%€1.55€1.23n/a6
Jun ’25€1.07
€1.37
+28.5%
7.3%€1.55€1.23n/a6
May ’25€0.85
€1.28
+49.7%
11.8%€1.54€1.11n/a6
Apr ’25€0.87
€1.28
+47.2%
11.8%€1.54€1.11n/a6
Mar ’25€0.93
€1.28
+37.7%
11.8%€1.54€1.11n/a6
Feb ’25€0.98
€1.29
+31.0%
11.0%€1.54€1.17n/a6
Jan ’25€1.03
€1.28
+23.8%
11.0%€1.53€1.16n/a6
Dec ’24€0.98
€1.28
+29.5%
11.0%€1.53€1.16n/a6
Nov ’24€0.82
€1.28
+55.5%
11.0%€1.53€1.16€1.296
Oct ’24€0.98
€1.29
+31.0%
11.0%€1.54€1.17€1.216
Sep ’24€0.91
€1.29
+42.5%
11.0%€1.54€1.17€1.146
Aug ’24€0.86
€1.29
+49.1%
11.0%€1.54€1.17€1.076
Jul ’24€0.74
€1.29
+74.3%
11.0%€1.54€1.17€1.056
Jun ’24€0.87
€1.27
+46.2%
12.0%€1.52€1.15€1.075
May ’24€0.80
€1.15
+44.3%
9.1%€1.35€1.04€0.855
Apr ’24€0.88
€1.15
+31.2%
9.1%€1.35€1.04€0.875
Mar ’24€0.90
€1.11
+23.8%
13.3%€1.36€0.91€0.935
Feb ’24€0.98
€0.99
+0.9%
11.3%€1.15€0.86€0.984
Jan ’24€0.81
€0.99
+23.5%
11.3%€1.15€0.86€1.034
Dec ’23€0.66
€0.83
+25.4%
17.0%€1.06€0.69€0.984
Nov ’23€0.66
€0.83
+26.3%
17.0%€1.06€0.69€0.824

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

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