B&M European Value Retail Valuation
Is BMN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
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 BMN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: BMN (€4.44) is trading below our estimate of fair value (€9.93)
Significantly Below Fair Value: BMN is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for BMN?
Key metric: As BMN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is BMN's PE Ratio? | |
|---|---|
| PE Ratio | 10.7x |
| Earnings | UK£326.00m |
| Market Cap | UK£3.48b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1x |
| Enterprise Value/EBITDA | 8.7x |
| PEG Ratio | 1x |
Price to Earnings Ratio vs Peers
How does BMN's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 51.6x | ||
ECK LUDWIG BECK am Rathauseck - Textilhaus Feldmeier | 120.4x | n/a | €63.9m |
FIE Fielmann Group | 23.8x | 18.9% | €3.4b |
ZAL Zalando | 37.5x | 21.9% | €7.6b |
HBM HORNBACH Baumarkt | 24.8x | n/a | €1.8b |
BMN B&M European Value Retail | 10.7x | 11.1% | €3.5b |
Price-To-Earnings vs Peers: BMN is good value based on its Price-To-Earnings Ratio (10.7x) compared to the peer average (51.5x).
Price to Earnings Ratio vs Industry
How does BMN's PE Ratio compare vs other companies in the Global Multiline Retail Industry?
| 6 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 6 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: BMN is good value based on its Price-To-Earnings Ratio (10.7x) compared to the Global Multiline Retail industry average (19.8x).
Price to Earnings Ratio vs Fair Ratio
What is BMN'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 10.7x |
| Fair PE Ratio | 13.2x |
Price-To-Earnings vs Fair Ratio: BMN is good value based on its Price-To-Earnings Ratio (10.7x) compared to the estimated Fair Price-To-Earnings Ratio (13.2x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | €4.44 | €6.80 +53.2% | 15.4% | €8.24 | €4.31 | n/a | 17 |
| Nov ’25 | €4.48 | €6.99 +56.0% | 13.6% | €8.36 | €5.17 | n/a | 17 |
| Oct ’25 | €5.05 | €6.96 +37.8% | 15.3% | €8.41 | €4.68 | n/a | 18 |
| Sep ’25 | €5.25 | €6.99 +33.1% | 13.2% | €8.32 | €5.15 | n/a | 18 |
| Aug ’25 | €5.50 | €6.99 +27.0% | 13.2% | €8.32 | €5.15 | n/a | 18 |
| Jul ’25 | €5.15 | €7.00 +35.9% | 14.3% | €8.48 | €5.10 | n/a | 18 |
| Jun ’25 | €6.40 | €7.32 +14.3% | 9.1% | €8.38 | €6.05 | n/a | 18 |
| May ’25 | €6.05 | €7.33 +21.2% | 9.3% | €8.41 | €6.08 | n/a | 18 |
| Apr ’25 | €6.30 | €7.27 +15.5% | 12.8% | €8.36 | €4.44 | n/a | 18 |
| Mar ’25 | €6.15 | €7.27 +18.3% | 12.8% | €8.36 | €4.44 | n/a | 18 |
| Feb ’25 | €6.05 | €7.30 +20.6% | 12.7% | €8.37 | €4.45 | n/a | 18 |
| Jan ’25 | €6.45 | €7.25 +12.3% | 12.8% | €8.27 | €4.42 | n/a | 18 |
| Dec ’24 | €6.60 | €7.22 +9.4% | 12.8% | €8.23 | €4.41 | n/a | 18 |
| Nov ’24 | €6.05 | €6.92 +14.4% | 14.0% | €8.26 | €4.36 | €4.48 | 16 |
| Oct ’24 | €6.65 | €6.87 +3.4% | 16.7% | €8.34 | €4.17 | €5.05 | 18 |
| Sep ’24 | n/a | €6.79 0% | 15.4% | €7.96 | €4.18 | €5.25 | 19 |
| Aug ’24 | n/a | €6.76 0% | 15.0% | €7.97 | €4.19 | €5.50 | 19 |
| Jul ’24 | n/a | €6.75 0% | 15.0% | €7.97 | €4.19 | €5.15 | 19 |
| Jun ’24 | n/a | €6.00 0% | 18.0% | €7.98 | €3.84 | €6.40 | 19 |
| May ’24 | n/a | €5.73 0% | 17.2% | €7.79 | €3.75 | €6.05 | 18 |
| Apr ’24 | n/a | €5.73 0% | 17.2% | €7.79 | €3.75 | €6.30 | 18 |
| Mar ’24 | n/a | €5.64 0% | 17.5% | €7.77 | €3.74 | €6.15 | 19 |
| Feb ’24 | n/a | €5.40 0% | 16.2% | €7.77 | €3.74 | €6.05 | 19 |
| Jan ’24 | n/a | €5.19 0% | 18.7% | €7.99 | €3.50 | €6.45 | 19 |
| Dec ’23 | n/a | €5.05 0% | 18.1% | €7.90 | €3.46 | €6.60 | 19 |
| Nov ’23 | n/a | €4.96 0% | 19.5% | €7.86 | €3.44 | €6.05 | 18 |
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.
Discover undervalued companies
Luk Fook Holdings (International)
HK$8.7b
An investment holding company, engages in sourcing, designing, wholesaling, trademark licensing, and retailing various gold and platinum jewelry, and gem-set jewelry products.
LUY1
HK$1.76
7D
1.7%
1Y
-23.5%
Abercrombie & Fitch
US$7.8b
Through its subsidiaries, operates as an omnichannel retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally.
AFT
US$132.90
7D
-2.4%
1Y
95.0%
Platform Group
€151.4m
Operates an online platform for premium and luxury fashion accessories in Germany, the Netherlands, Austria, the United Kingdom, Switzerland, France, Italy, and internationally.
FSNT
€7.48
7D
3.9%
1Y
28.1%