Computacenter plc

DB:COUD Stock Report

Market Cap: €2.8b

Computacenter Valuation

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

Below Fair Value: COUD (€26.2) is trading below our estimate of fair value (€37.81)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for COUD. This is calculated by dividing COUD's market cap by their current earnings.
What is COUD's PE Ratio?
PE Ratio13.7x
EarningsUK£170.20m
Market CapUK£2.34b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for COUD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.7x
BC8 Bechtle
16.7x10.1%€4.2b
SANT Kontron
12.8x19.1%€1.1b
NA9 Nagarro
22.5x16.3%€1.2b
COK Cancom
18.6x12.8%€752.6m
COUD Computacenter
13.7x7.0%€2.3b

Price-To-Earnings vs Peers: COUD is good value based on its Price-To-Earnings Ratio (13.7x) compared to the peer average (17.7x).

Price to Earnings Ratio vs Industry

How does COUD's PE Ratio compare vs other companies in the DE IT Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
COUD 13.7xIndustry Avg. 17.8xNo. of Companies4PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: COUD is good value based on its Price-To-Earnings Ratio (13.7x) compared to the European IT industry average (17.7x).

Price to Earnings Ratio vs Fair Ratio

What is COUD'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.

COUD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.7x
Fair PE Ratio24.3x

Price-To-Earnings vs Fair Ratio: COUD is good value based on its Price-To-Earnings Ratio (13.7x) compared to the estimated Fair Price-To-Earnings Ratio (24.3x).

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 COUD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€26.20
€35.80
+36.6%
12.6%€41.06€25.97n/a11
Nov ’25€25.80
€35.40
+37.2%
12.6%€40.60€25.68n/a11
Oct ’25€29.80
€37.56
+26.0%
10.4%€43.24€30.03n/a11
Sep ’25€32.20
€37.45
+16.3%
11.7%€44.87€29.52n/a11
Aug ’25€31.60
€37.45
+18.5%
11.7%€44.87€29.52n/a11
Jul ’25€33.80
€37.91
+12.2%
11.4%€45.92€30.03n/a11
Jun ’25€32.60
€37.73
+15.7%
10.9%€45.57€30.38n/a11
May ’25€31.80
€37.73
+18.6%
10.9%€45.57€30.38n/a11
Apr ’25n/a
€37.09
0%
7.0%€39.66€31.00n/a12
Mar ’25€32.90
€36.93
+12.3%
6.2%€39.11€30.94n/a11
Feb ’25€33.68
€36.06
+7.1%
8.2%€38.56€30.38n/a10
Jan ’25€31.40
€34.96
+11.3%
8.9%€38.47€29.72n/a10
Dec ’24€30.58
€34.20
+11.8%
8.6%€37.75€29.17n/a10
Nov ’24€29.18
€34.20
+17.2%
8.8%€38.06€29.41€25.809
Oct ’24n/a
€33.81
0%
10.2%€37.94€27.42€29.809
Sep ’24€25.14
€30.97
+23.2%
7.9%€35.71€27.72€32.209
Aug ’24€24.86
€30.59
+23.0%
8.4%€35.69€27.29€31.6010
Jul ’24€25.92
€30.85
+19.0%
7.9%€35.71€27.72€33.809
Jun ’24€26.52
€30.50
+15.0%
7.8%€35.05€27.20€32.6010
May ’24€25.64
€30.50
+18.9%
7.8%€35.05€27.20€31.8010
Apr ’24€23.40
€30.31
+29.5%
8.4%€34.54€26.84n/a9
Mar ’24€25.40
€30.05
+18.3%
8.6%€34.04€26.45€32.909
Feb ’24€24.80
€30.31
+22.2%
7.8%€33.02€26.87€33.689
Jan ’24€21.60
€30.23
+40.0%
7.0%€32.95€27.10€31.409
Dec ’23€23.00
€30.78
+33.8%
7.0%€33.56€27.60€30.589
Nov ’23€22.60
€31.30
+38.5%
10.0%€37.89€27.81€29.188

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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