Business Engineering Corporation

MUN:TBY Stock Report

Market Cap: €294.1m

Business Engineering Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: TBY (€24) is trading above our estimate of fair value (€19.66)

Significantly Below Fair Value: TBY is trading above our estimate of fair value.


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TBY. This is calculated by dividing TBY's market cap by their current earnings.
What is TBY's PE Ratio?
PE Ratio16.7x
EarningsJP¥2.84b
Market CapJP¥47.42b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TBY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.9x
D6H DATAGROUP
14.6x14.0%€369.5m
A1OS All for One Group
18.1x24.6%€263.6m
SHF SNP Schneider-Neureither & Partner
26.9x11.1%€383.1m
NVQ Novabase S.G.P.S
60.1xn/a€205.4m
TBY Business Engineering
16.7x4.7%€47.4b

Price-To-Earnings vs Peers: TBY is good value based on its Price-To-Earnings Ratio (16.7x) compared to the peer average (29.9x).


Price to Earnings Ratio vs Industry

How does TBY'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
TBY 16.7xIndustry Avg. 17.9xNo. of Companies3PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TBY is good value based on its Price-To-Earnings Ratio (16.7x) compared to the European IT industry average (17.8x).


Price to Earnings Ratio vs Fair Ratio

What is TBY'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.

TBY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.7x
Fair PE Ratio18x

Price-To-Earnings vs Fair Ratio: TBY is good value based on its Price-To-Earnings Ratio (16.7x) compared to the estimated Fair Price-To-Earnings Ratio (18x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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