TCM Group Valuation

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

Below Fair Value: TCM (DKK62.2) is trading below our estimate of fair value (DKK109.05)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TCM. This is calculated by dividing TCM's market cap by their current earnings.
What is TCM's PE Ratio?
PE Ratio16.1x
EarningsDKK 40.32m
Market CapDKK 638.96m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TCM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.9x
DANT Dantax
13.5xn/aDKK 119.4m
526586 Wim Plast
13.4xn/a₹7.4b
8342 I Jang IndustrialLtd
13.3xn/aNT$2.8b
8424 Wellpool
15.4xn/aNT$2.5b
TCM TCM Group
16.1x33.1%DKK 639.0m

Price-To-Earnings vs Peers: TCM is expensive based on its Price-To-Earnings Ratio (16.1x) compared to the peer average (13.9x).


Price to Earnings Ratio vs Industry

How does TCM's PE Ratio compare vs other companies in the European Consumer Durables Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TCM 16.1xIndustry Avg. 13.0xNo. of Companies11PE0816243240+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TCM is expensive based on its Price-To-Earnings Ratio (16.1x) compared to the European Consumer Durables industry average (13x).


Price to Earnings Ratio vs Fair Ratio

What is TCM'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.

TCM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.1x
Fair PE Ratio20.2x

Price-To-Earnings vs Fair Ratio: TCM is good value based on its Price-To-Earnings Ratio (16.1x) compared to the estimated Fair Price-To-Earnings Ratio (20.2x).


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 TCM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentDKK 62.20
DKK 82.50
+32.6%
3.0%DKK 85.00DKK 80.00n/a2
Nov ’25DKK 71.80
DKK 82.50
+14.9%
3.0%DKK 85.00DKK 80.00n/a2
Oct ’25DKK 72.00
DKK 82.50
+14.6%
3.0%DKK 85.00DKK 80.00n/a2
Sep ’25DKK 69.00
DKK 72.50
+5.1%
10.3%DKK 80.00DKK 65.00n/a2
Aug ’25DKK 59.80
DKK 73.00
+22.1%
9.6%DKK 80.00DKK 66.00n/a2
Jul ’25DKK 57.40
DKK 73.00
+27.2%
9.6%DKK 80.00DKK 66.00n/a2
Jun ’25DKK 66.20
DKK 68.00
+2.7%
17.6%DKK 80.00DKK 56.00n/a2
May ’25DKK 50.80
DKK 63.00
+24.0%
11.1%DKK 70.00DKK 56.00n/a2
Apr ’25DKK 51.40
DKK 63.00
+22.6%
11.1%DKK 70.00DKK 56.00n/a2
Mar ’25DKK 49.80
DKK 51.00
+2.4%
17.6%DKK 60.00DKK 42.00n/a2
Feb ’25DKK 55.00
DKK 51.00
-7.3%
17.6%DKK 60.00DKK 42.00n/a2
Jan ’25DKK 45.50
DKK 51.00
+12.1%
17.6%DKK 60.00DKK 42.00n/a2
Dec ’24DKK 40.20
DKK 51.00
+26.9%
17.6%DKK 60.00DKK 42.00n/a2
Oct ’24DKK 49.50
DKK 75.00
+51.5%
20.0%DKK 90.00DKK 60.00DKK 72.002
Sep ’24DKK 60.00
DKK 75.00
+25.0%
20.0%DKK 90.00DKK 60.00DKK 69.002
Aug ’24DKK 66.20
DKK 75.00
+13.3%
20.0%DKK 90.00DKK 60.00DKK 59.802
Jul ’24DKK 66.40
DKK 75.00
+13.0%
20.0%DKK 90.00DKK 60.00DKK 57.402
Jun ’24DKK 76.20
DKK 80.00
+5.0%
25.0%DKK 100.00DKK 60.00DKK 66.202
May ’24DKK 73.60
DKK 80.00
+8.7%
25.0%DKK 100.00DKK 60.00DKK 50.802
Apr ’24DKK 67.00
DKK 82.50
+23.1%
21.2%DKK 100.00DKK 65.00DKK 51.402
Mar ’24DKK 71.40
DKK 80.00
+12.0%
25.0%DKK 100.00DKK 60.00DKK 49.802
Feb ’24DKK 73.00
DKK 94.50
+29.5%
36.5%DKK 129.00DKK 60.00DKK 55.002

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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