Relais Group Oyj

HLSE:RELAIS Stock Report

Market Cap: €240.2m

Relais Group Oyj Valuation

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

Below Fair Value: RELAIS (€13.3) is trading below our estimate of fair value (€23.25)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for RELAIS. This is calculated by dividing RELAIS's market cap by their current earnings.
What is RELAIS's PE Ratio?
PE Ratio13.3x
Earnings€18.10m
Market Cap€240.20m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for RELAIS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average49.4x
ASPO Aspo Oyj
81.3x54.7%€159.0m
NORDLIG Nordic Lights Group Oyj
30.6xn/a€122.8m
PON1V Ponsse Oyj
74.8x55.0%€593.3m
CONSTI Consti Oyj
10.9x12.4%€81.1m
RELAIS Relais Group Oyj
13.3x10.9%€240.2m

Price-To-Earnings vs Peers: RELAIS is good value based on its Price-To-Earnings Ratio (13.3x) compared to the peer average (55.7x).

Price to Earnings Ratio vs Industry

How does RELAIS's PE Ratio compare vs other companies in the European Trade Distributors Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
RELAIS 13.3xIndustry Avg. 14.5xNo. of Companies10PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RELAIS is good value based on its Price-To-Earnings Ratio (13.3x) compared to the European Trade Distributors industry average (14.5x).

Price to Earnings Ratio vs Fair Ratio

What is RELAIS'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.

RELAIS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.3x
Fair PE Ratio14.9x

Price-To-Earnings vs Fair Ratio: RELAIS is good value based on its Price-To-Earnings Ratio (13.3x) compared to the estimated Fair Price-To-Earnings Ratio (14.9x).

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 RELAIS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€13.30
€16.85
+26.7%
5.2%€18.05€16.00n/a3
Nov ’25€13.95
€16.85
+20.8%
5.2%€18.05€16.00n/a3
Oct ’25€14.90
€16.25
+9.1%
1.5%€16.50€16.00n/a2
Sep ’25€15.10
€16.25
+7.6%
1.5%€16.50€16.00n/a2
Aug ’25€13.50
€15.25
+13.0%
1.6%€15.50€15.00n/a2
May ’25€12.05
€14.75
+22.4%
1.7%€15.00€14.50n/a2
Apr ’25€11.85
€14.75
+24.5%
1.7%€15.00€14.50n/a2
Mar ’25€12.75
€15.87
+24.4%
5.6%€17.10€15.00n/a3
Feb ’25€13.00
€15.25
+17.3%
1.6%€15.50€15.00n/a2
Jan ’25€13.50
€15.25
+13.0%
1.6%€15.50€15.00n/a2
Dec ’24€11.45
€15.25
+33.2%
1.6%€15.50€15.00n/a2
Nov ’24€10.60
€16.13
+52.2%
7.8%€17.90€15.00€13.953
Oct ’24€11.15
€15.75
+41.3%
1.6%€16.00€15.50€14.902
Sep ’24€12.45
€15.75
+26.5%
1.6%€16.00€15.50€15.102
Aug ’24€13.85
€16.50
+19.1%
6.5%€18.00€15.50€13.503
Jul ’24€13.45
€15.75
+17.1%
1.6%€16.00€15.50€13.852
Jun ’24€13.50
€15.75
+16.7%
1.6%€16.00€15.50€12.902
May ’24€13.00
€15.30
+17.7%
12.3%€17.90€13.50€12.053
Apr ’24€10.90
€13.75
+26.1%
1.8%€14.00€13.50€11.852
Mar ’24€11.60
€14.65
+26.3%
13.6%€17.45€13.00€12.753
Feb ’24€10.45
€14.65
+40.2%
13.6%€17.45€13.00€13.003
Jan ’24€10.20
€14.65
+43.6%
13.6%€17.45€13.00€13.503
Dec ’23€10.85
€13.25
+22.1%
1.9%€13.50€13.00€11.452
Nov ’23€9.98
€13.50
+35.3%
3.7%€14.00€13.00€10.602

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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