Victoria's Secret & Co.

DB:8FR Stock Report

Market Cap: €3.5b

Victoria's Secret Valuation

Is 8FR 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-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 8FR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8FR (€44.09) is trading above our estimate of fair value (€20.07)

Significantly Below Fair Value: 8FR is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8FR?

Key metric: As 8FR is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 8FR. This is calculated by dividing 8FR's market cap by their current earnings.
What is 8FR's PE Ratio?
PE Ratio24.3x
EarningsUS$153.00m
Market CapUS$3.67b

Price to Earnings Ratio vs Peers

How does 8FR's PE Ratio compare to its peers?

The above table shows the PE ratio for 8FR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.5x
ZAL Zalando
44x21.9%€9.0b
FIE Fielmann Group
24.4x18.9%€3.4b
HBM HORNBACH Baumarkt
26.3xn/a€2.0b
CEC Ceconomy
11.4x22.4%€1.5b
8FR Victoria's Secret
24.3x3.6%€3.7b

Price-To-Earnings vs Peers: 8FR is good value based on its Price-To-Earnings Ratio (24.3x) compared to the peer average (26.5x).

Price to Earnings Ratio vs Industry

How does 8FR's PE Ratio compare vs other companies in the European Specialty Retail Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
8FR 24.3xIndustry Avg. 16.0xNo. of Companies11PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 8FR is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the European Specialty Retail industry average (16x).

Price to Earnings Ratio vs Fair Ratio

What is 8FR'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.

8FR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.3x
Fair PE Ratio15.4x

Price-To-Earnings vs Fair Ratio: 8FR is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the estimated Fair Price-To-Earnings Ratio (15.4x).

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 8FR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€44.09
€42.47
-3.7%
14.3%€52.25€27.01n/a12
Dec ’25€35.33
€27.80
-21.3%
24.3%€37.86€17.04n/a12
Nov ’25€28.07
€22.94
-18.3%
22.7%€30.34€11.95n/a12
Oct ’25€22.80
€21.50
-5.7%
21.1%€27.01€11.70n/a13
Sep ’25€21.20
€21.47
+1.3%
21.3%€27.14€11.76n/a13
Aug ’25€15.40
€17.98
+16.8%
24.3%€25.00€12.04n/a12
Jul ’25€16.20
€17.98
+11.0%
24.3%€25.00€12.04n/a12
Jun ’25€19.50
€17.32
-11.2%
24.4%€24.83€11.96n/a12
May ’25€16.21
€17.63
+8.8%
24.6%€25.17€12.12n/a12
Apr ’25€17.69
€17.71
+0.1%
23.8%€24.69€11.89n/a11
Mar ’25€26.22
€25.08
-4.3%
20.0%€32.30€13.84n/a11
Feb ’25€23.71
€24.25
+2.3%
18.1%€32.20€13.80n/a11
Jan ’25€23.96
€23.63
-1.4%
18.2%€31.70€13.58n/a11
Dec ’24€25.09
€22.90
-8.7%
22.3%€32.18€13.79€35.3311
Nov ’24€16.71
€18.13
+8.5%
17.6%€23.60€14.16€28.0710
Oct ’24€15.14
€18.94
+25.1%
14.1%€23.21€13.92€22.8010
Sep ’24€15.68
€18.94
+20.8%
14.1%€23.21€13.92€21.2010
Aug ’24€18.30
€20.85
+14.0%
22.5%€30.96€14.57€15.4010
Jul ’24€16.47
€21.48
+30.5%
22.2%€31.76€14.94€16.2010
Jun ’24€19.56
€26.39
+34.9%
32.0%€41.82€18.59€19.5010
May ’24€27.49
€40.47
+47.2%
18.7%€50.70€24.89€16.2110
Apr ’24€29.99
€40.47
+34.9%
18.7%€50.70€24.89€17.6910
Mar ’24€36.65
€43.65
+19.1%
17.0%€54.98€24.74€26.2211
Feb ’24€37.92
€42.78
+12.8%
17.3%€54.62€24.58€23.7111
Jan ’24€33.45
€47.04
+40.6%
10.7%€56.96€40.82€23.9611
Dec ’23€42.63
€45.86
+7.6%
14.4%€57.00€33.25€25.0911

Analyst Forecast: Target price is lower than the current share price.

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