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
0.3x5.8%€145.3m
FSNT Platform Group
0.2x5.6%€152.6m
YOU About You Holding
0.6x7.8%€1.1b
MRX Mister Spex
0.2x2.6%€54.0m
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
0.06x1.3%US$1.34b
GFG Global Fashion Group
0.06x1.2%US$49.94m
DEX Delticom
0.06x2.7%US$34.16m
49S Superdry
0.004x-1.4%US$3.12m
No more companies available in this PS range
H24 0.4xIndustry Avg. 0.4xNo. of Companies4PS00.40.81.21.62+
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
Dec ’25n/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

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


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/05/16 18:24
End of Day Share Price 2023/05/16 00:00
Earnings2022/12/31
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

home24 SE is covered by 5 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christoph BastBankhaus Lampe KG
Michael BenedictBerenberg
Tushar JainGoldman Sachs