Iress Limited

DB:BRF Stock Report

Market Cap: €1.0b

Iress Valuation

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

Discounted Cash Flow
Simply Wall St
€9.88
Fair Value
44.3% undervalued intrinsic discount
9
Number of Analysts

Below Fair Value: BRF (€5.5) is trading below our estimate of fair value (€9.88)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BRF. This is calculated by dividing BRF's market cap by their current earnings.
What is BRF's PE Ratio?
PE Ratio85.2x
EarningsAU$19.59m
Market CapAU$1.67b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BRF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.9x
MUM Mensch und Maschine Software
28.5x13.3%€910.8m
TMV TeamViewer
13.2x10.5%€1.6b
AOF ATOSS Software
41.7x7.7%€1.8b
OSP2 USU Software
36.3x39.7%€217.8m
BRF Iress
85.2x29.1%€1.7b

Price-To-Earnings vs Peers: BRF is expensive based on its Price-To-Earnings Ratio (85.2x) compared to the peer average (29.9x).

Price to Earnings Ratio vs Industry

How does BRF's PE Ratio compare vs other companies in the European Software Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BRF 85.2xIndustry Avg. 26.7xNo. of Companies20PE020406080100+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BRF is expensive based on its Price-To-Earnings Ratio (85.2x) compared to the European Software industry average (26.7x).

Price to Earnings Ratio vs Fair Ratio

What is BRF'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.

BRF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio85.2x
Fair PE Ratio26.2x

Price-To-Earnings vs Fair Ratio: BRF is expensive based on its Price-To-Earnings Ratio (85.2x) compared to the estimated Fair Price-To-Earnings Ratio (26.2x).

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 BRF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.50
€6.29
+14.3%
8.2%€7.23€5.57n/a9
Jan ’26€5.55
€6.32
+14.0%
8.2%€7.27€5.61n/a9
Dec ’25€5.65
€6.43
+13.8%
8.5%€7.37€5.68n/a9
Nov ’25€5.85
€6.43
+9.9%
8.5%€7.37€5.68n/a9
Oct ’25€6.15
€6.21
+1.0%
10.6%€7.28€4.97n/a10
Sep ’25€5.85
€6.21
+6.2%
10.6%€7.28€4.97n/a10
Aug ’25€6.30
€5.97
-5.2%
10.7%€6.84€4.96n/a10
Jul ’25€4.86
€5.61
+15.5%
8.1%€6.61€5.02n/a10
Jun ’25€4.82
€5.61
+16.5%
8.1%€6.61€5.02n/a10
May ’25€5.15
€5.45
+5.8%
8.4%€6.52€4.95n/a10
Apr ’25€4.94
€5.45
+10.3%
8.4%€6.52€4.95n/a10
Mar ’25€4.72
€5.35
+13.4%
9.0%€6.55€4.85n/a10
Feb ’25€4.86
€5.37
+10.4%
11.2%€6.89€4.65n/a10
Jan ’25€4.98
€5.41
+8.5%
11.7%€7.00€4.73€5.5510
Dec ’24€4.40
€5.46
+24.1%
12.7%€6.99€4.72€5.658
Nov ’24€3.00
€4.97
+65.6%
20.2%€6.82€3.40€5.859
Oct ’24€3.54
€4.95
+39.9%
20.4%€6.85€3.38€6.159
Sep ’24€3.82
€4.95
+29.6%
20.4%€6.85€3.38€5.859
Aug ’24€6.25
€6.60
+5.6%
13.1%€8.22€5.64€6.309
Jul ’24€6.20
€6.58
+6.1%
13.1%€8.19€5.62€4.869
Jun ’24€6.30
€6.58
+4.4%
13.1%€8.19€5.62€4.829
May ’24€6.15
€6.63
+7.9%
13.5%€8.18€5.62€5.158
Apr ’24€6.10
€7.00
+14.7%
16.1%€9.01€5.92€4.948
Mar ’24€5.85
€7.00
+19.6%
16.1%€9.01€5.92€4.728
Feb ’24€6.20
€7.75
+25.1%
11.0%€8.96€6.53€4.868
Jan ’24€6.05
€7.69
+27.1%
11.4%€9.05€6.50€4.989
Analyst Price Target
Consensus Narrative from 9 Analysts
€6.20
Fair Value
11.3% undervalued intrinsic discount
9
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/12 15:12
End of Day Share Price 2025/01/10 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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

Iress Limited is covered by 24 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anthony HooANZ Equities Pty Limited
Nicholas McGarrigleBarrenjoey Markets Pty Limited
Scott HudsonCLSA