K's Holdings Corporation

DB:KSD Stock Report

Market Cap: €1.4b

K's Holdings Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: KSD (€8.2) is trading below our estimate of fair value (€8.99)

Significantly Below Fair Value: KSD is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for KSD. This is calculated by dividing KSD's market cap by their current earnings.
What is KSD's PE Ratio?
PE Ratio30.4x
EarningsJP¥7.60b
Market CapJP¥231.33b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for KSD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.8x
CEC Ceconomy
10.8x22.4%€1.5b
HBH HORNBACH Holding KGaA
7.7x6.8%€1.3b
HBM HORNBACH Baumarkt
24.8xn/a€1.8b
FIE Fielmann Group
23.8x18.9%€3.4b
KSD K's Holdings
30.4x16.8%€231.3b

Price-To-Earnings vs Peers: KSD is expensive based on its Price-To-Earnings Ratio (30.4x) compared to the peer average (16.8x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KSD 30.4xIndustry Avg. 16.0xNo. of Companies13PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KSD is expensive based on its Price-To-Earnings Ratio (30.4x) compared to the European Specialty Retail industry average (16x).

Price to Earnings Ratio vs Fair Ratio

What is KSD'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.

KSD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.4x
Fair PE Ratio11.4x

Price-To-Earnings vs Fair Ratio: KSD is expensive based on its Price-To-Earnings Ratio (30.4x) compared to the estimated Fair Price-To-Earnings Ratio (11.4x).

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 KSD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€8.20
€9.53
+16.2%
6.7%€10.36€8.41n/a6
Nov ’25€8.35
€9.64
+15.5%
4.5%€10.33€9.11n/a6
Oct ’25€9.45
€10.04
+6.2%
4.6%€10.77€9.50n/a6
Sep ’25€9.55
€9.61
+0.6%
4.6%€10.47€9.24n/a6
Aug ’25€9.50
€8.72
-8.2%
8.5%€9.92€7.88n/a6
Jul ’25€8.60
€8.54
-0.7%
8.6%€9.99€7.93n/a6
Jun ’25€8.35
€8.46
+1.3%
8.8%€10.04€7.97n/a6
May ’25€8.80
€8.26
-6.2%
4.3%€8.80€7.59n/a6
Apr ’25€7.75
€8.37
+8.1%
4.8%€9.08€7.83n/a6
Mar ’25€7.80
€8.37
+7.4%
4.8%€9.08€7.83n/a6
Feb ’25€8.20
€8.26
+0.8%
4.8%€9.01€7.77n/a6
Jan ’25€8.25
€8.62
+4.4%
5.0%€9.32€8.04n/a6
Dec ’24€7.65
€8.26
+8.0%
5.6%€8.97€7.55n/a6
Nov ’24€8.60
€8.32
-3.3%
8.2%€9.16€7.21€8.357
Oct ’24€8.45
€8.02
-5.1%
7.9%€9.18€7.28€9.456
Sep ’24€8.35
€8.25
-1.2%
9.5%€9.52€7.30€9.557
Aug ’24€8.15
€8.38
+2.9%
11.5%€10.26€7.38€9.507
Jul ’24€7.80
€8.66
+11.0%
11.5%€10.61€7.63€8.607
Jun ’24€7.85
€8.66
+10.3%
11.5%€10.61€7.63€8.357
May ’24€7.85
€8.70
+10.8%
10.2%€10.20€7.82€8.807
Apr ’24€7.80
€8.97
+15.0%
11.9%€11.06€7.95€7.757
Mar ’24€7.95
€9.22
+16.0%
11.9%€11.38€8.18€7.807
Feb ’24€7.75
€9.27
+19.6%
14.0%€12.01€8.13€8.207
Jan ’24€7.80
€9.56
+22.6%
12.4%€12.12€8.55€8.257
Dec ’23€7.70
€9.23
+19.9%
12.4%€11.70€8.26€7.657
Nov ’23€7.90
€9.62
+21.7%
12.9%€12.25€8.51€8.607

Analyst Forecast: Target price is less than 20% higher than the current share price.

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