Quebecor Valuation

Is QB3 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 QB3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: QB3 (€21.4) is trading below our estimate of fair value (€61.73)

Significantly Below Fair Value: QB3 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for QB3?

Key metric: As QB3 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for QB3. This is calculated by dividing QB3's market cap by their current earnings.
What is QB3's PE Ratio?
PE Ratio10.5x
EarningsCA$716.00m
Market CapCA$7.47b

Price to Earnings Ratio vs Peers

How does QB3's PE Ratio compare to its peers?

The above table shows the PE ratio for QB3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.8x
O2D Telefónica Deutschland Holding
22.4x-11.4%€6.2b
O2D Telefónica Deutschland Holding
26.5x-41.1%€7.2b
DTE Deutsche Telekom
23.6x18.8%€141.2b
E4C ecotel communication ag
50.9x64.5%€47.1m
QB3 Quebecor
10.5x4.5%€7.5b

Price-To-Earnings vs Peers: QB3 is good value based on its Price-To-Earnings Ratio (10.5x) compared to the peer average (30.8x).


Price to Earnings Ratio vs Industry

How does QB3's PE Ratio compare vs other companies in the European Telecom Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
QB3 10.5xIndustry Avg. 18.1xNo. of Companies6PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: QB3 is good value based on its Price-To-Earnings Ratio (10.5x) compared to the European Telecom industry average (18.6x).


Price to Earnings Ratio vs Fair Ratio

What is QB3'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.

QB3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.5x
Fair PE Ratio23x

Price-To-Earnings vs Fair Ratio: QB3 is good value based on its Price-To-Earnings Ratio (10.5x) compared to the estimated Fair Price-To-Earnings Ratio (23x).


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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