AB Ignitis grupe

DB:IGV0 Stock Report

Market Cap: €1.4b

AB Ignitis grupe Valuation

Is IGV0 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 IGV0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IGV0 (€18.72) is trading below our estimate of fair value (€32.58)

Significantly Below Fair Value: IGV0 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IGV0?

Key metric: As IGV0 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for IGV0. This is calculated by dividing IGV0's market cap by their current earnings.
What is IGV0's PE Ratio?
PE Ratio4.3x
Earnings€321.60m
Market Cap€1.39b

Price to Earnings Ratio vs Peers

How does IGV0's PE Ratio compare to its peers?

The above table shows the PE ratio for IGV0 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.1x
LEC Lechwerke
25.8xn/a€2.5b
EBK EnBW Energie Baden-Württemberg
29.2xn/a€17.5b
MNV6 Mainova
33.1xn/a€1.9b
MVV1 MVV Energie
12.4xn/a€2.0b
IGV0 AB Ignitis grupe
4.3x-11.7%€1.4b

Price-To-Earnings vs Peers: IGV0 is good value based on its Price-To-Earnings Ratio (4.3x) compared to the peer average (25.1x).

Price to Earnings Ratio vs Industry

How does IGV0's PE Ratio compare vs other companies in the European Electric Utilities Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
IGV0 4.3xIndustry Avg. 12.8xNo. of Companies10PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: IGV0 is good value based on its Price-To-Earnings Ratio (4.3x) compared to the European Electric Utilities industry average (12.8x).

Price to Earnings Ratio vs Fair Ratio

What is IGV0'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.

IGV0 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.3x
Fair PE Ratio16.5x

Price-To-Earnings vs Fair Ratio: IGV0 is good value based on its Price-To-Earnings Ratio (4.3x) compared to the estimated Fair Price-To-Earnings Ratio (16.5x).

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 IGV0 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€18.72
€28.53
+52.4%
11.3%€31.10€24.00n/a3
Nov ’25€19.70
€28.53
+44.8%
11.3%€31.10€24.00n/a3
Oct ’25€18.38
€28.53
+55.2%
11.3%€31.10€24.00n/a3
Sep ’25€18.88
€28.53
+51.1%
11.3%€31.10€24.00n/a3
Aug ’25€18.30
€28.03
+53.2%
10.6%€31.10€24.00n/a3
Jul ’25€18.00
€28.03
+55.7%
10.6%€31.10€24.00n/a3
Jun ’25€17.64
€27.87
+58.0%
10.5%€31.10€24.00n/a3
May ’25€17.96
€27.87
+55.2%
10.5%€31.10€24.00n/a3
Apr ’25€18.20
€27.55
+51.4%
12.9%€31.10€24.00n/a2
Mar ’25€18.22
€27.55
+51.2%
12.9%€31.10€24.00n/a2
Feb ’25€18.54
€27.55
+48.6%
12.9%€31.10€24.00n/a2
Jan ’25€19.20
€27.55
+43.5%
12.9%€31.10€24.00n/a2
Dec ’24€19.62
€27.55
+40.4%
12.9%€31.10€24.00n/a2
Nov ’24€19.56
€27.55
+40.8%
12.9%€31.10€24.00€19.702
Oct ’24€20.20
€27.55
+36.4%
12.9%€31.10€24.00€18.382
Sep ’24€19.80
€25.55
+29.0%
21.7%€31.10€20.00€18.882
Aug ’24€19.86
€25.55
+28.7%
21.7%€31.10€20.00€18.302
Jul ’24€19.70
€25.55
+29.7%
21.7%€31.10€20.00€18.002
Jun ’24€20.50
€24.70
+20.5%
19.0%€29.40€20.00€17.642
May ’24€20.30
€24.70
+21.7%
19.0%€29.40€20.00€17.962
Apr ’24€19.90
€24.70
+24.1%
19.0%€29.40€20.00€18.202
Mar ’24€19.70
€24.70
+25.4%
19.0%€29.40€20.00€18.222
Feb ’24€19.04
€24.70
+29.7%
19.0%€29.40€20.00€18.542
Jan ’24€18.70
€24.70
+32.1%
19.0%€29.40€20.00€19.202
Dec ’23€19.04
€24.70
+29.7%
19.0%€29.40€20.00€19.622
Nov ’23€17.92
€24.70
+37.8%
19.0%€29.40€20.00€19.562

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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