TCM Group A/S

CPSE:TCM Stock Report

Market Cap: DKK 687.0m

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 (DKK65.8) is trading below our estimate of fair value (DKK113.72)

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 Ratio17x
EarningsDKK 40.32m
Market CapDKK 686.99m

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 Average14.3x
DANT Dantax
14.5xn/aDKK 129.6m
526586 Wim Plast
13.3xn/a₹7.3b
8342 I Jang IndustrialLtd
14.1xn/aNT$3.0b
8424 Wellpool
15.3xn/aNT$2.5b
TCM TCM Group
17x33.1%DKK 687.0m

Price-To-Earnings vs Peers: TCM is expensive based on its Price-To-Earnings Ratio (17x) compared to the peer average (14.3x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TCM 17.0xIndustry Avg. 14.0xNo. of Companies11PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TCM is expensive based on its Price-To-Earnings Ratio (17x) compared to the European Consumer Durables industry average (13.8x).

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 Ratio17x
Fair PE Ratio20.3x

Price-To-Earnings vs Fair Ratio: TCM is good value based on its Price-To-Earnings Ratio (17x) compared to the estimated Fair Price-To-Earnings Ratio (20.3x).

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 65.80
DKK 82.50
+25.4%
3.0%DKK 85.00DKK 80.00n/a2
Dec ’25DKK 64.00
DKK 82.50
+28.9%
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 42.00DKK 67.002
Dec ’24DKK 40.20
DKK 51.00
+26.9%
17.6%DKK 60.00DKK 42.00DKK 64.002
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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 11:55
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

TCM Group A/S is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Lars TopholmCarnegie Investment Bank AB
Poul JessenDanske Bank