DICK'S Sporting Goods, Inc.

DB:DSG Stock Report

Market Cap: €15.4b

DICK'S Sporting Goods Valuation

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

Valuation Score

6/6

Valuation Score 6/6

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

Below Fair Value: DSG (€184.82) is trading below our estimate of fair value (€284.56)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for DSG. This is calculated by dividing DSG's market cap by their current earnings.
What is DSG's PE Ratio?
PE Ratio13.9x
EarningsUS$1.14b
Market CapUS$16.25b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for DSG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.5x
FIE Fielmann Group
23.6x18.9%€3.3b
ZAL Zalando
34.8x21.9%€7.0b
HBM HORNBACH Baumarkt
24.8xn/a€1.8b
CEC Ceconomy
10.7x22.4%€1.4b
DSG DICK'S Sporting Goods
13.9x3.8%€16.2b

Price-To-Earnings vs Peers: DSG is good value based on its Price-To-Earnings Ratio (13.9x) compared to the peer average (23.3x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
DSG 13.9xIndustry Avg. 16.7xNo. of Companies13PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DSG is good value based on its Price-To-Earnings Ratio (13.9x) compared to the European Specialty Retail industry average (16.3x).

Price to Earnings Ratio vs Fair Ratio

What is DSG'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.

DSG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.9x
Fair PE Ratio15.1x

Price-To-Earnings vs Fair Ratio: DSG is good value based on its Price-To-Earnings Ratio (13.9x) compared to the estimated Fair Price-To-Earnings Ratio (15.1x).

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 DSG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€180.56
€224.71
+24.5%
13.0%€256.18€147.06n/a23
Nov ’25€178.02
€217.75
+22.3%
13.0%€248.24€142.51n/a23
Oct ’25€184.88
€215.12
+16.4%
13.0%€251.97€139.48n/a24
Sep ’25€212.60
€216.17
+1.7%
13.5%€253.34€103.15n/a24
Aug ’25€198.86
€220.35
+10.8%
13.1%€258.69€105.32n/a24
Jul ’25€197.64
€222.65
+12.7%
13.4%€260.57€106.09n/a23
Jun ’25€204.55
€220.31
+7.7%
14.3%€258.55€97.88n/a22
May ’25€188.94
€208.57
+10.4%
13.0%€243.05€99.09n/a23
Apr ’25€203.20
€206.02
+1.4%
13.7%€231.35€90.69n/a22
Mar ’25€161.92
€143.65
-11.3%
15.9%€184.56€90.43n/a21
Feb ’25€137.06
€135.37
-1.2%
15.5%€184.00€90.16n/a22
Jan ’25€130.88
€127.42
-2.6%
14.7%€180.10€88.25n/a22
Dec ’24€118.88
€125.68
+5.7%
14.2%€182.74€84.06n/a22
Nov ’24€99.86
€123.74
+23.9%
16.0%€188.84€86.87€178.0221
Oct ’24€101.24
€121.21
+19.7%
16.0%€185.06€85.13€184.8821
Sep ’24€106.10
€121.21
+14.2%
16.0%€185.06€85.13€212.6021
Aug ’24€128.50
€141.82
+10.4%
14.4%€184.24€84.75€198.8621
Jul ’24€118.58
€141.21
+19.1%
14.7%€183.62€81.71€197.6421
Jun ’24€118.16
€142.82
+20.9%
14.7%€186.00€82.77€204.5521
May ’24€129.32
€147.05
+13.7%
13.2%€185.30€82.46€188.9421
Apr ’24€123.80
€147.05
+18.8%
13.2%€185.30€82.46€203.2021
Mar ’24€119.36
€126.93
+6.3%
13.8%€155.69€76.91€161.9221
Feb ’24€120.48
€125.39
+4.1%
13.3%€153.71€76.39€137.0620
Jan ’24€110.18
€124.04
+12.6%
12.6%€150.58€77.17€130.8820
Dec ’23€110.44
€126.52
+14.6%
13.1%€153.82€74.99€118.8820
Nov ’23€118.32
€126.23
+6.7%
14.6%€163.54€79.72€99.8620

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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