home24 SE

DB:H24 Stock Report

Market Cap: €252.2m

home24 Valuation

Is H24 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 H24 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: H24 (€7.46) is trading above our estimate of fair value (€5.6)

Significantly Below Fair Value: H24 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for H24?

Key metric: As H24 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for H24. This is calculated by dividing H24's market cap by their current revenue.
What is H24's PS Ratio?
PS Ratio0.4x
Sales€601.00m
Market Cap€252.17m

Price to Sales Ratio vs Peers

How does H24's PS Ratio compare to its peers?

The above table shows the PS ratio for H24 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.3x
WEW Westwing Group
0.4x6.1%€159.3m
YOU About You Holding
0.3x7.7%€533.3m
MRX Mister Spex
0.3x1.9%€58.4m
FSNT Platform Group
0.2x5.9%€148.2m
H24 home24
0.4x4.6%€252.2m

Price-To-Sales vs Peers: H24 is expensive based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.4x).

Price to Sales Ratio vs Industry

How does H24's PS Ratio compare vs other companies in the DE Specialty Retail Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
CEC Ceconomy
0.06x1.1%US$1.50b
GFG Global Fashion Group
0.08x-0.5%US$60.59m
DEX Delticom
0.07x2.7%US$35.54m
49S Superdry
0.004x-1.4%US$3.12m
No more companies available in this PS range
H24 0.4xIndustry Avg. 0.4xNo. of Companies5PS00.40.81.21.62+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: H24 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 H24'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.

H24 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ratio0.2x

Price-To-Sales vs Fair Ratio: H24 is expensive based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (0.2x).

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 H24 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€6.25
0%
20.0%€7.50€5.00n/a2
Nov ’25n/a
€6.25
0%
20.0%€7.50€5.00n/a2
Oct ’25n/a
€6.25
0%
20.0%€7.50€5.00n/a2
Sep ’25n/a
€6.25
0%
20.0%€7.50€5.00n/a2
Aug ’25n/a
€6.25
0%
20.0%€7.50€5.00n/a2
Jul ’25n/a
€6.25
0%
20.0%€7.50€5.00n/a2
Jun ’25n/a
€6.25
0%
20.0%€7.50€5.00n/a2
May ’25n/a
€6.25
0%
20.0%€7.50€5.00n/a2
Apr ’25n/a
€6.25
0%
20.0%€7.50€5.00n/a2
Mar ’25n/a
€6.25
0%
20.0%€7.50€5.00n/a2
Feb ’25n/a
€6.25
0%
20.0%€7.50€5.00n/a2
Jan ’25n/a
€6.25
0%
20.0%€7.50€5.00n/a2
Dec ’24n/a
€6.25
0%
20.0%€7.50€5.00n/a2
Nov ’24n/a
€6.25
0%
20.0%€7.50€5.00n/a2
Oct ’24n/a
€6.25
0%
20.0%€7.50€5.00n/a2
Sep ’24€7.53
€6.25
-17.0%
20.0%€7.50€5.00n/a2
Aug ’24€7.50
€6.25
-16.7%
20.0%€7.50€5.00n/a2
Jul ’24€7.50
€6.25
-16.7%
20.0%€7.50€5.00n/a2
Jun ’24€7.51
€6.25
-16.8%
20.0%€7.50€5.00n/a2
May ’24€7.46
€6.67
-10.6%
17.7%€7.50€5.00n/a3
Apr ’24€5.77
€6.67
+15.5%
17.7%€7.50€5.00n/a3
Mar ’24€6.98
€6.58
-5.8%
24.4%€7.50€3.80n/a4
Feb ’24€6.92
€6.58
-4.9%
24.4%€7.50€3.80n/a4
Jan ’24€7.11
€6.58
-7.5%
24.4%€7.50€3.80n/a4
Dec ’23€7.49
€6.58
-12.2%
24.4%€7.50€3.80n/a4
Nov ’23€7.46
€6.58
-11.9%
24.4%€7.50€3.80n/a4

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

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