Cogelec SA

DB:5TL Stock Report

Market Cap: €134.4m

Cogelec Valuation

Is 5TL 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 5TL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 5TL (€15.9) is trading below our estimate of fair value (€16.43)

Significantly Below Fair Value: 5TL 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 5TL?

Key metric: As 5TL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 5TL. This is calculated by dividing 5TL's market cap by their current earnings.
What is 5TL's PE Ratio?
PE Ratio20.1x
Earnings€6.70m
Market Cap€134.43m

Price to Earnings Ratio vs Peers

How does 5TL's PE Ratio compare to its peers?

The above table shows the PE ratio for 5TL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.1x
FEW Funkwerk
10.1xn/a€163.6m
CEK CeoTronics
32.9x25.1%€41.5m
DAM DATA MODUL Produktion und Vertrieb von elektronischen Systemen
13x15.3%€98.7m
M7U Nynomic
12.2x17.5%€115.4m
5TL Cogelec
20.1x18.6%€134.4m

Price-To-Earnings vs Peers: 5TL is expensive based on its Price-To-Earnings Ratio (20.1x) compared to the peer average (17.1x).

Price to Earnings Ratio vs Industry

How does 5TL's PE Ratio compare vs other companies in the European Communications Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
5TL 20.1xIndustry Avg. 30.5xNo. of Companies7PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 5TL is good value based on its Price-To-Earnings Ratio (20.1x) compared to the Global Communications industry average (31.4x).

Price to Earnings Ratio vs Fair Ratio

What is 5TL'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.

5TL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.1x
Fair PE Ratio10.5x

Price-To-Earnings vs Fair Ratio: 5TL is expensive based on its Price-To-Earnings Ratio (20.1x) compared to the estimated Fair Price-To-Earnings Ratio (10.5x).

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 5TL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€15.90
€14.60
-8.2%
8.9%€15.90€13.30n/a2
Nov ’25€14.80
€14.60
-1.4%
8.9%€15.90€13.30n/a2
Oct ’25€11.90
€13.25
+11.3%
0.4%€13.30€13.20n/a2
Sep ’25€10.70
€12.05
+12.6%
1.2%€12.20€11.90n/a2
Aug ’25€11.10
€12.05
+8.6%
1.2%€12.20€11.90n/a2
Jul ’25€10.60
€10.90
+2.8%
0.9%€11.00€10.80n/a2
Jun ’25€9.60
€10.90
+13.5%
0.9%€11.00€10.80n/a2
May ’25€9.30
€10.90
+17.2%
0.9%€11.00€10.80n/a2
Nov ’24€7.35
€8.10
+10.2%
1.2%€8.20€8.00€14.802
Sep ’24€7.85
€8.60
+9.6%
4.7%€9.00€8.20€10.702
Aug ’24€7.75
€8.60
+11.0%
4.7%€9.00€8.20€11.102
Jul ’24€7.60
€8.60
+13.2%
4.7%€9.00€8.20€10.602
Jun ’24€7.15
€8.60
+20.3%
4.7%€9.00€8.20€9.602
May ’24€6.95
€8.75
+25.9%
2.9%€9.00€8.50€9.302
Apr ’24€6.92
€8.75
+26.4%
2.9%€9.00€8.50€7.902
Mar ’24€6.90
€8.85
+28.3%
1.7%€9.00€8.70€8.102
Feb ’24€6.78
€8.85
+30.5%
1.7%€9.00€8.70€7.952
Jan ’24€6.58
€8.85
+34.5%
1.7%€9.00€8.70€7.002
Dec ’23€7.12
€8.85
+24.3%
1.7%€9.00€8.70€7.202
Nov ’23€6.40
€8.85
+38.3%
1.7%€9.00€8.70€7.352

Analyst Forecast: Target price is lower than the current share price.

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