USS Co., Ltd.

DB:USV Stock Report

Market Cap: €4.2b

USS Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: USV (€8.6) is trading below our estimate of fair value (€8.63)

Significantly Below Fair Value: USV 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 USV?

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

The above table shows the Price to Earnings ratio for USV. This is calculated by dividing USV's market cap by their current earnings.
What is USV's PE Ratio?
PE Ratio19.3x
EarningsJP¥34.88b
Market CapJP¥672.49b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for USV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.4x
FIE Fielmann Group
23.8x18.9%€3.4b
ZAL Zalando
37.5x21.9%€7.7b
HBM HORNBACH Baumarkt
25xn/a€1.8b
CEC Ceconomy
11.1x22.4%€1.5b
USV USS
19.3x3.5%€672.5b

Price-To-Earnings vs Peers: USV is good value based on its Price-To-Earnings Ratio (19.3x) compared to the peer average (24.4x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
USV 19.3xIndustry Avg. 16.1xNo. of Companies12PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: USV is expensive based on its Price-To-Earnings Ratio (19.3x) compared to the European Specialty Retail industry average (16.3x).

Price to Earnings Ratio vs Fair Ratio

What is USV'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.

USV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.3x
Fair PE Ratio11.1x

Price-To-Earnings vs Fair Ratio: USV is expensive based on its Price-To-Earnings Ratio (19.3x) compared to the estimated Fair Price-To-Earnings Ratio (11.1x).

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 USV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€8.60
€9.04
+5.2%
5.0%€9.62€8.22n/a5
Nov ’25€7.75
€9.24
+19.2%
5.0%€9.83€8.40n/a5
Oct ’25€8.40
€9.24
+10.0%
5.0%€9.83€8.40n/a5
Sep ’25€8.20
€8.74
+6.5%
7.3%€9.23€7.69n/a5
Aug ’25€8.10
€8.32
+2.7%
7.3%€8.79€7.32n/a5
Jul ’25€7.75
€8.32
+7.4%
7.3%€8.79€7.32n/a5
Jun ’25€7.05
€8.44
+19.7%
7.5%€8.81€7.34n/a4
May ’25€7.00
€8.36
+19.5%
7.0%€9.21€7.67n/a4
Apr ’25€7.45
€8.36
+12.3%
7.0%€9.21€7.67n/a4
Mar ’25€7.90
€8.42
+6.6%
7.0%€9.27€7.72n/a4
Feb ’25€8.60
€8.72
+1.4%
9.3%€9.63€7.77n/a4
Jan ’25€8.80
€8.71
-1.1%
8.5%€9.73€8.03n/a3
Dec ’24€8.70
€8.03
-7.7%
7.8%€9.27€7.65n/a5
Nov ’24€8.15
€7.99
-2.0%
3.4%€8.37€7.58€7.755
Oct ’24€7.60
€7.83
+3.1%
5.4%€8.35€7.18€8.405
Sep ’24€7.85
€7.83
-0.2%
5.4%€8.35€7.18€8.205
Aug ’24€7.65
€8.16
+6.7%
5.1%€8.71€7.64€8.105
Jul ’24€7.35
€8.16
+11.0%
5.1%€8.71€7.64€7.755
Jun ’24€7.40
€8.16
+10.3%
5.1%€8.71€7.64€7.055
May ’24€7.45
€8.18
+9.8%
4.3%€8.83€7.77€7.005
Apr ’24€7.70
€8.18
+6.2%
4.3%€8.83€7.77€7.455
Mar ’24€7.45
€8.17
+9.6%
6.1%€8.88€7.46€7.904
Feb ’24€7.30
€7.84
+7.4%
6.1%€8.52€7.16€8.605
Jan ’24€7.25
€7.84
+8.1%
6.1%€8.52€7.16€8.805
Dec ’23€7.60
€7.84
+3.2%
6.1%€8.52€7.16€8.705
Nov ’23€7.40
€8.47
+14.5%
7.9%€9.41€7.60€8.155

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

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