Miquel y Costas & Miquel, S.A.

BME:MCM Stock Report

Market Cap: €469.6m

Miquel y Costas & Miquel Valuation

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

Below Fair Value: MCM (€12.3) is trading above our estimate of fair value (€11.47)

Significantly Below Fair Value: MCM is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MCM. This is calculated by dividing MCM's market cap by their current earnings.
What is MCM's PE Ratio?
PE Ratio10.1x
Earnings€46.60m
Market Cap€469.63m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MCM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.9x
ENC ENCE Energía y Celulosa
15.7x18.5%€694.5m
IBG Iberpapel Gestión
7.2x-3.4%€199.4m
ECR Ercros
22.9x48.5%€323.2m
TUB Tubacex
17.9x35.7%€408.0m
MCM Miquel y Costas & Miquel
10.1xn/a€469.6m

Price-To-Earnings vs Peers: MCM is good value based on its Price-To-Earnings Ratio (10.1x) compared to the peer average (15.9x).

Price to Earnings Ratio vs Industry

How does MCM's PE Ratio compare vs other companies in the European Forestry Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MCM 10.1xIndustry Avg. 10.1xNo. of Companies8PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MCM is good value based on its Price-To-Earnings Ratio (10.1x) compared to the European Forestry industry average (12.6x).

Price to Earnings Ratio vs Fair Ratio

What is MCM'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.

MCM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MCM's Price-To-Earnings Fair Ratio for valuation analysis.

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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