Currys Valuation

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

Below Fair Value: CWB (€0.92) is trading below our estimate of fair value (€2.41)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CWB. This is calculated by dividing CWB's market cap by their current earnings.
What is CWB's PE Ratio?
PE Ratio31.6x
EarningsUK£27.00m
Market CapUK£853.74m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CWB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.9x
CEC Ceconomy
10.8x22.4%€1.5b
HBH HORNBACH Holding KGaA
7.7x6.8%€1.3b
HBM HORNBACH Baumarkt
24.8xn/a€1.8b
MDN Medion
32.2xn/a€647.9m
CWB Currys
31.6x21.3%€853.7m

Price-To-Earnings vs Peers: CWB is expensive based on its Price-To-Earnings Ratio (31.6x) compared to the peer average (18.9x).


Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CWB 31.6xIndustry Avg. 16.2xNo. of Companies13PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CWB is expensive based on its Price-To-Earnings Ratio (31.6x) compared to the European Specialty Retail industry average (16.2x).


Price to Earnings Ratio vs Fair Ratio

What is CWB'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.

CWB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.6x
Fair PE Ratio14.8x

Price-To-Earnings vs Fair Ratio: CWB is expensive based on its Price-To-Earnings Ratio (31.6x) compared to the estimated Fair Price-To-Earnings Ratio (14.8x).


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 CWB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.92
€1.22
+33.2%
19.6%€1.62€0.78n/a9
Nov ’25€0.96
€1.22
+27.6%
19.6%€1.62€0.78n/a9
Oct ’25€1.05
€1.22
+16.0%
22.1%€1.62€0.78n/a8
Sep ’25€0.93
€1.14
+23.4%
21.4%€1.60€0.77n/a8
Aug ’25€0.94
€1.14
+21.7%
21.4%€1.60€0.77n/a8
Jul ’25€0.86
€1.10
+28.5%
23.8%€1.59€0.77n/a8
Jun ’25€0.88
€1.05
+18.9%
26.8%€1.59€0.58n/a9
May ’25€0.70
€0.89
+27.0%
33.1%€1.58€0.57n/a8
Apr ’25€0.72
€0.87
+21.7%
35.3%€1.57€0.55n/a8
Mar ’25€0.78
€0.75
-4.8%
19.7%€0.91€0.55n/a7
Feb ’25€0.56
€0.88
+55.9%
38.8%€1.58€0.55n/a9
Jan ’25€0.58
€0.86
+48.6%
39.5%€1.57€0.52n/a9
Dec ’24€0.51
€0.84
+65.3%
43.4%€1.58€0.53n/a8
Nov ’24€0.52
€0.84
+60.7%
40.8%€1.55€0.52€0.969
Oct ’24€0.56
€0.82
+46.1%
42.0%€1.57€0.52€1.0510
Sep ’24€0.59
€0.81
+37.8%
42.4%€1.57€0.52€0.9310
Aug ’24€0.61
€0.81
+32.8%
42.4%€1.57€0.52€0.9410
Jul ’24€0.62
€0.87
+41.1%
36.2%€1.57€0.52€0.8610
Jun ’24€0.59
€0.88
+47.5%
34.4%€1.55€0.52€0.8810
May ’24€0.65
€0.91
+38.8%
37.3%€1.55€0.52€0.7010
Apr ’24€0.68
€0.91
+34.2%
37.3%€1.55€0.52€0.7210
Mar ’24€0.91
€0.90
-0.4%
37.2%€1.52€0.51€0.7810
Feb ’24€0.80
€0.87
+8.6%
41.3%€1.52€0.51€0.5610
Jan ’24€0.58
€0.83
+41.1%
41.4%€1.53€0.51€0.5811
Dec ’23€0.86
€1.00
+16.8%
40.4%€1.71€0.57€0.5111
Nov ’23€0.74
€1.00
+35.7%
40.4%€1.71€0.57€0.5211

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.


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