Frasers Group Plc

DB:ZVX Stock Report

Market Cap: €3.9b

Frasers Group Valuation

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

Below Fair Value: ZVX (€8.74) is trading below our estimate of fair value (€12.79)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ZVX. This is calculated by dividing ZVX's market cap by their current earnings.
What is ZVX's PE Ratio?
PE Ratio8.2x
EarningsUK£393.30m
Market CapUK£3.24b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ZVX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.7x
FIE Fielmann Group
24.5x18.9%€3.5b
ZAL Zalando
34.7x22.0%€7.1b
HBM HORNBACH Baumarkt
25xn/a€1.9b
CEC Ceconomy
10.5x22.4%€1.4b
ZVX Frasers Group
8.2x9.3%€3.2b

Price-To-Earnings vs Peers: ZVX is good value based on its Price-To-Earnings Ratio (8.2x) compared to the peer average (23.7x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ZVX 8.2xIndustry Avg. 16.4xNo. of Companies12PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ZVX is good value based on its Price-To-Earnings Ratio (8.2x) compared to the European Specialty Retail industry average (16.4x).

Price to Earnings Ratio vs Fair Ratio

What is ZVX'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.

ZVX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.2x
Fair PE Ratio12x

Price-To-Earnings vs Fair Ratio: ZVX is good value based on its Price-To-Earnings Ratio (8.2x) compared to the estimated Fair Price-To-Earnings Ratio (12x).

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 ZVX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€8.74
€12.82
+46.8%
10.5%€15.64€11.55n/a6
Nov ’25€8.96
€12.93
+44.3%
11.0%€15.58€11.50n/a5
Oct ’25€10.09
€13.40
+32.8%
11.8%€15.60€12.00n/a3
Sep ’25€10.21
€12.08
+18.3%
14.4%€15.35€9.03n/a7
Aug ’25€10.56
€12.08
+14.4%
14.4%€15.35€9.03n/a7
Jul ’25€10.35
€11.43
+10.4%
10.2%€12.80€9.03n/a6
Jun ’25€10.30
€10.62
+3.1%
19.0%€12.68€6.43n/a7
May ’25€9.51
€10.64
+12.0%
19.0%€12.71€6.44n/a7
Apr ’25€9.32
€10.79
+15.7%
19.8%€12.86€6.43n/a7
Mar ’25€9.37
€11.52
+23.0%
11.2%€12.87€8.95n/a6
Feb ’25€9.40
€11.56
+23.0%
11.2%€12.91€8.98n/a6
Jan ’25€10.48
€10.66
+1.7%
21.1%€12.83€6.42n/a7
Dec ’24€10.45
€9.94
-4.9%
20.9%€12.22€6.34n/a7
Nov ’24€9.18
€9.55
+4.1%
20.9%€12.10€6.34€8.966
Oct ’24€9.18
€9.80
+6.8%
22.4%€12.26€6.42€10.095
Sep ’24€9.34
€9.80
+5.0%
22.4%€12.26€6.42€10.215
Aug ’24€9.42
€9.80
+4.1%
22.4%€12.26€6.42€10.565
Jul ’24€7.98
€9.61
+20.5%
20.8%€12.29€6.44€10.356
Jun ’24€7.75
€9.92
+28.1%
23.6%€13.61€6.24€10.307
May ’24€8.61
€9.92
+15.3%
23.6%€13.61€6.24€9.517
Apr ’24€8.65
€9.92
+14.7%
23.6%€13.61€6.24€9.327
Mar ’24€9.00
€9.92
+10.3%
23.6%€13.61€6.24€9.377
Feb ’24€8.75
€9.90
+13.1%
24.4%€13.66€6.26€9.407
Jan ’24€8.00
€10.03
+25.3%
25.7%€13.98€6.41€10.487
Dec ’23€10.50
€8.24
-21.5%
21.8%€11.44€6.29€10.455
Nov ’23€7.45
€8.42
+13.0%
24.1%€11.61€6.38€9.184

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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