National Vision Holdings, Inc.

DB:7NV Stock Report

Market Cap: €873.5m

National Vision Holdings Valuation

Is 7NV undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 7NV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 7NV (€11.1) is trading above our estimate of fair value (€3.91)

Significantly Below Fair Value: 7NV is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 7NV?

Key metric: As 7NV is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 7NV. This is calculated by dividing 7NV's market cap by their current revenue.
What is 7NV's PS Ratio?
PS Ratio0.4x
SalesUS$2.18b
Market CapUS$909.56m

Price to Sales Ratio vs Peers

How does 7NV's PS Ratio compare to its peers?

The above table shows the PS ratio for 7NV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.6x
DOU Douglas
0.4x6.2%€1.9b
FIE Fielmann Group
1.6x6.7%€3.4b
MRX Mister Spex
0.2x2.6%€51.1m
BIKE Bike24 Holding
0.2x6.5%€51.9m
7NV National Vision Holdings
0.4x-2.9%€909.6m

Price-To-Sales vs Peers: 7NV is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.6x).

Price to Sales Ratio vs Industry

How does 7NV'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$54.14m
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
7NV 0.4xIndustry Avg. 0.4xNo. of Companies5PS00.40.81.21.62+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 7NV is expensive based on its Price-To-Sales Ratio (0.4x) compared to the European Specialty Retail industry average (0.4x).

Price to Sales Ratio vs Fair Ratio

What is 7NV'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.

7NV PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ratio0.3x

Price-To-Sales vs Fair Ratio: 7NV is expensive based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).

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 7NV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€11.10
€12.69
+14.3%
16.3%€16.67€11.11n/a10
Nov ’25€10.10
€12.62
+24.9%
17.0%€16.58€10.13n/a10
Oct ’25€9.55
€13.41
+40.4%
27.4%€22.50€9.90n/a10
Sep ’25€9.45
€13.55
+43.4%
27.4%€22.74€10.00n/a10
Aug ’25€12.50
€18.44
+47.5%
15.8%€23.17€14.83n/a10
Jul ’25€11.70
€19.07
+63.0%
18.4%€24.99€14.81n/a10
Jun ’25€13.80
€19.26
+39.6%
19.0%€24.89€14.75n/a10
May ’25€16.20
€22.26
+37.4%
15.0%€28.06€17.77n/a10
Apr ’25€20.40
€22.10
+8.4%
15.6%€27.63€16.58n/a10
Mar ’25€21.60
€21.37
-1.1%
17.3%€27.76€16.65n/a10
Feb ’25€18.20
€19.37
+6.4%
16.3%€25.58€16.44n/a10
Jan ’25€19.30
€19.11
-1.0%
16.5%€25.48€16.38n/a10
Dec ’24€17.60
€19.27
+9.5%
16.8%€25.82€16.60n/a10
Nov ’24€14.70
€20.80
+41.5%
15.1%€26.47€15.13€10.1010
Oct ’24€15.20
€22.22
+46.2%
15.9%€29.60€17.85€9.5510
Sep ’24€16.50
€21.80
+32.1%
15.3%€28.78€17.36€9.4511
Aug ’24€19.60
€21.98
+12.1%
18.1%€29.03€18.14€12.5011
Jul ’24€22.20
€26.04
+17.3%
17.1%€35.00€20.26€11.7011
Jun ’24€23.60
€26.04
+10.3%
17.1%€35.00€20.26€13.8011
May ’24€19.00
€26.74
+40.7%
24.9%€41.49€18.44€16.2010
Apr ’24€17.30
€26.74
+54.5%
24.9%€41.49€18.44€20.4010
Mar ’24€30.00
€36.32
+21.1%
22.8%€46.90€21.57€21.6011
Feb ’24€38.00
€40.05
+5.4%
15.7%€47.99€25.91€18.2011
Jan ’24€36.20
€40.05
+10.6%
15.7%€47.99€25.91€19.3011
Dec ’23€37.60
€40.05
+6.5%
15.7%€47.99€25.91€17.6011
Nov ’23€38.00
€36.27
-4.5%
14.7%€41.21€23.12€14.7011

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

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