Inchcape plc

DB:IJCA Stock Report

Market Cap: €3.7b

Inchcape Valuation

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

Below Fair Value: IJCA (€9.12) is trading below our estimate of fair value (€25.64)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for IJCA. This is calculated by dividing IJCA's market cap by their current earnings.
What is IJCA's PE Ratio?
PE Ratio11.1x
EarningsUK£279.00m
Market CapUK£3.10b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for IJCA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.1x
MDN Medion
32.5xn/a€652.3m
FIE Fielmann Group
24.5x18.9%€3.5b
HBM HORNBACH Baumarkt
25xn/a€1.9b
ZAL Zalando
34.7x22.0%€7.1b
IJCA Inchcape
11.1x9.6%€3.1b

Price-To-Earnings vs Peers: IJCA is good value based on its Price-To-Earnings Ratio (11.1x) compared to the peer average (29.1x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
IJCA 11.1xIndustry Avg. 13.1xNo. of Companies6PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: IJCA is good value based on its Price-To-Earnings Ratio (11.1x) compared to the European Retail Distributors industry average (13.5x).

Price to Earnings Ratio vs Fair Ratio

What is IJCA'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.

IJCA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.1x
Fair PE Ratio12.4x

Price-To-Earnings vs Fair Ratio: IJCA is good value based on its Price-To-Earnings Ratio (11.1x) compared to the estimated Fair Price-To-Earnings Ratio (12.4x).

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 IJCA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€9.12
€12.48
+36.9%
6.9%€13.42€10.78n/a9
Nov ’25€8.47
€12.54
+48.0%
6.9%€13.48€10.83n/a9
Oct ’25€9.55
€13.19
+38.2%
6.1%€14.62€11.98n/a10
Sep ’25€10.06
€12.95
+28.7%
5.9%€14.33€11.74n/a10
Aug ’25€9.90
€12.84
+29.7%
7.0%€14.41€11.22n/a10
Jul ’25€8.68
€12.64
+45.6%
7.0%€14.19€11.05n/a10
Jun ’25€9.66
€12.64
+30.8%
7.0%€14.19€11.05n/a10
May ’25€9.34
€12.68
+35.7%
7.0%€14.23€11.08n/a10
Apr ’25€8.40
€12.68
+51.0%
7.4%€14.22€10.84n/a10
Mar ’25€7.97
€13.03
+63.6%
8.7%€14.77€10.70n/a10
Feb ’25€7.94
€13.03
+64.2%
8.7%€14.77€10.70n/a10
Jan ’25€8.28
€13.32
+60.8%
9.4%€15.11€10.69n/a10
Dec ’24€7.36
€13.45
+82.8%
6.9%€14.93€12.28n/a9
Nov ’24€7.65
€13.45
+75.9%
6.9%€14.93€12.28€8.479
Oct ’24€8.70
€13.78
+58.4%
7.1%€14.95€12.48€9.559
Sep ’24€8.81
€13.79
+56.6%
6.8%€15.12€12.62€10.068
Aug ’24€9.45
€13.79
+46.0%
6.8%€15.12€12.62€9.908
Jul ’24€8.73
€13.55
+55.2%
7.1%€14.91€12.45€8.688
Jun ’24€8.80
€13.55
+54.0%
7.1%€14.91€12.45€9.668
May ’24€9.01
€13.41
+48.9%
7.8%€14.83€11.98€9.348
Apr ’24€8.70
€13.38
+53.8%
7.8%€14.80€11.95€8.408
Mar ’24€10.30
€13.24
+28.6%
7.7%€14.64€11.83€7.978
Feb ’24€10.30
€12.99
+26.1%
8.7%€14.64€11.82€7.947
Jan ’24€9.10
€11.13
+22.3%
4.9%€11.73€10.17€8.285
Dec ’23€9.65
€11.13
+15.3%
4.9%€11.73€10.17€7.365
Nov ’23€8.60
€11.13
+29.4%
4.9%€11.73€10.17€7.655

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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