Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság

DB:MGYB Stock Report

Market Cap: €2.7b

Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: MGYB (€2.96) is trading below our estimate of fair value (€7.47)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MGYB. This is calculated by dividing MGYB's market cap by their current earnings.
What is MGYB's PE Ratio?
PE Ratio7.8x
EarningsFt144.77b
Market CapFt1.13t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MGYB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.1x
O2D Telefónica Deutschland Holding
22.7x-11.4%€6.2b
O2D Telefónica Deutschland Holding
26.5x-41.1%€7.2b
E4C ecotel communication ag
51.1x64.5%€47.3m
DTE Deutsche Telekom
24.1x18.8%€144.3b
MGYB Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság
7.8x6.2%€1.1t

Price-To-Earnings vs Peers: MGYB is good value based on its Price-To-Earnings Ratio (7.8x) compared to the peer average (31.1x).

Price to Earnings Ratio vs Industry

How does MGYB's PE Ratio compare vs other companies in the European Telecom Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MGYB 7.8xIndustry Avg. 18.3xNo. of Companies7PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MGYB is good value based on its Price-To-Earnings Ratio (7.8x) compared to the European Telecom industry average (18.3x).

Price to Earnings Ratio vs Fair Ratio

What is MGYB'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.

MGYB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.8x
Fair PE Ratio22.8x

Price-To-Earnings vs Fair Ratio: MGYB is good value based on its Price-To-Earnings Ratio (7.8x) compared to the estimated Fair Price-To-Earnings Ratio (22.8x).

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 MGYB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€2.96
€2.97
+0.5%
31.6%€3.72€0.93n/a6
Nov ’25€2.78
€2.80
+0.6%
33.3%€3.74€0.93n/a6
Oct ’25€2.60
€2.62
+0.9%
32.9%€3.56€0.96n/a6
Sep ’25€2.57
€2.62
+2.1%
32.9%€3.56€0.96n/a6
Aug ’25€2.71
€2.57
-5.2%
32.5%€3.54€0.95n/a6
Jul ’25€2.62
€2.57
-1.9%
32.5%€3.54€0.95n/a6
Jun ’25€2.57
€2.61
+1.7%
32.5%€3.61€0.97n/a6
May ’25€2.40
€2.38
-0.9%
29.1%€3.17€0.96n/a6
Apr ’25€2.23
€2.27
+1.7%
26.7%€2.88€0.97n/a6
Mar ’25€2.07
€2.27
+9.6%
26.7%€2.88€0.97n/a6
Feb ’25€1.97
€2.20
+11.6%
28.3%€2.93€0.99n/a6
Jan ’25€1.72
€1.90
+10.5%
27.7%€2.55€0.99n/a6
Dec ’24€1.52
€1.91
+25.3%
27.7%€2.56€1.00n/a6
Nov ’24€1.43
€1.49
+4.0%
16.9%€1.72€0.97€2.786
Oct ’24€1.39
€1.44
+3.8%
16.1%€1.69€0.98€2.606
Sep ’24€1.20
€1.28
+6.5%
17.6%€1.56€0.96€2.576
Aug ’24€1.06
€1.33
+25.2%
17.6%€1.62€1.00€2.716
Jul ’24€1.08
€1.33
+23.1%
17.6%€1.62€1.00€2.626
Jun ’24€1.10
€1.33
+20.6%
17.6%€1.62€1.00€2.576
May ’24€1.10
€1.23
+11.2%
20.3%€1.57€0.90€2.407
Apr ’24€1.04
€1.23
+18.3%
20.3%€1.57€0.90€2.237
Mar ’24€1.08
€1.18
+9.1%
22.4%€1.57€0.83€2.077
Feb ’24€0.95
€1.08
+13.3%
19.7%€1.34€0.78€1.977
Jan ’24€0.82
€1.08
+31.5%
19.7%€1.34€0.78€1.727
Dec ’23€0.79
€1.07
+35.7%
19.9%€1.33€0.76€1.527
Nov ’23€0.72
€1.00
+39.2%
19.9%€1.26€0.69€1.437

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

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