TCM Group Valuation

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

Below Fair Value: TCM (DKK69.4) is trading below our estimate of fair value (DKK106.49)

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?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for TCM. This is calculated by dividing TCM's market cap by their current preferred multiple.
What is TCM's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	n/a

TCM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.8x
Enterprise Value/EBITDA	10.7x
PEG Ratio	0.6x

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.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	21x
DANT Dantax	14.2x	n/a	DKK 129.0m
526586 Wim Plast	14x	n/a	₹8.1b
M&A M & A Equity Holdings Berhad	27.4x	n/a	RM 559.6m
SYNERGY Synergy House Berhad	28.3x	42.2%	RM 640.0m
TCM TCM Group	24.3x	38.6%	DKK 714.1m

Price-To-Earnings vs Peers: TCM is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the peer average (21x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	26.4%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	26.4%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: TCM is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the European Consumer Durables industry average (12.8x).

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 Ratio	24.3x
Fair PE Ratio	23.5x

Price-To-Earnings vs Fair Ratio: TCM is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the estimated Fair Price-To-Earnings Ratio (23.5x).

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 TCM forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	DKK 68.80	DKK 82.50 +19.9%	3.0%	DKK 85.00	DKK 80.00	n/a	2
Oct ’25	DKK 72.00	DKK 82.50 +14.6%	3.0%	DKK 85.00	DKK 80.00	n/a	2
Sep ’25	DKK 69.00	DKK 72.50 +5.1%	10.3%	DKK 80.00	DKK 65.00	n/a	2
Aug ’25	DKK 59.80	DKK 73.00 +22.1%	9.6%	DKK 80.00	DKK 66.00	n/a	2
Jul ’25	DKK 57.40	DKK 73.00 +27.2%	9.6%	DKK 80.00	DKK 66.00	n/a	2
Jun ’25	DKK 66.20	DKK 68.00 +2.7%	17.6%	DKK 80.00	DKK 56.00	n/a	2
May ’25	DKK 50.80	DKK 63.00 +24.0%	11.1%	DKK 70.00	DKK 56.00	n/a	2
Apr ’25	DKK 51.40	DKK 63.00 +22.6%	11.1%	DKK 70.00	DKK 56.00	n/a	2
Mar ’25	DKK 49.80	DKK 51.00 +2.4%	17.6%	DKK 60.00	DKK 42.00	n/a	2
Feb ’25	DKK 55.00	DKK 51.00 -7.3%	17.6%	DKK 60.00	DKK 42.00	n/a	2
Jan ’25	DKK 45.50	DKK 51.00 +12.1%	17.6%	DKK 60.00	DKK 42.00	n/a	2
Dec ’24	DKK 40.20	DKK 51.00 +26.9%	17.6%	DKK 60.00	DKK 42.00	n/a	2
Oct ’24	DKK 49.50	DKK 75.00 +51.5%	20.0%	DKK 90.00	DKK 60.00	DKK 72.00	2
Sep ’24	DKK 60.00	DKK 75.00 +25.0%	20.0%	DKK 90.00	DKK 60.00	DKK 69.00	2
Aug ’24	DKK 66.20	DKK 75.00 +13.3%	20.0%	DKK 90.00	DKK 60.00	DKK 59.80	2
Jul ’24	DKK 66.40	DKK 75.00 +13.0%	20.0%	DKK 90.00	DKK 60.00	DKK 57.40	2
Jun ’24	DKK 76.20	DKK 80.00 +5.0%	25.0%	DKK 100.00	DKK 60.00	DKK 66.20	2
May ’24	DKK 73.60	DKK 80.00 +8.7%	25.0%	DKK 100.00	DKK 60.00	DKK 50.80	2
Apr ’24	DKK 67.00	DKK 82.50 +23.1%	21.2%	DKK 100.00	DKK 65.00	DKK 51.40	2
Mar ’24	DKK 71.40	DKK 80.00 +12.0%	25.0%	DKK 100.00	DKK 60.00	DKK 49.80	2
Feb ’24	DKK 73.00	DKK 94.50 +29.5%	36.5%	DKK 129.00	DKK 60.00	DKK 55.00	2

Analyst Forecast: Target price is less than 20% higher than the current share price.