Marimekko Oyj Valuation

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

Below Fair Value: MEKKO (€12.6) is trading below our estimate of fair value (€15.98)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

MEKKO 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/Revenue2.9x
Enterprise Value/EBITDA15.5x
PEG Ratio2.2x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MEKKO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.3x
HARVIA Harvia Oyj
33.8x14.4%€845.7m
FSKRS Fiskars Oyj Abp
36.5x40.8%€1.2b
603558 Zhejiang Jasan Holding Group
12.6x12.9%CN¥3.9b
116 Chow Sang Sang Holdings International
6.4x10.1%HK$4.7b
MEKKO Marimekko Oyj
20.4x9.2%€511.2m

Price-To-Earnings vs Peers: MEKKO is good value based on its Price-To-Earnings Ratio (20.4x) compared to the peer average (22.3x).


Price to Earnings Ratio vs Industry

How does MEKKO's PE Ratio compare vs other companies in the European Luxury Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.8%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.8%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: MEKKO is expensive based on its Price-To-Earnings Ratio (20.4x) compared to the European Luxury industry average (15x).


Price to Earnings Ratio vs Fair Ratio

What is MEKKO'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.

MEKKO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.4x
Fair PE Ratio20.3x

Price-To-Earnings vs Fair Ratio: MEKKO is expensive based on its Price-To-Earnings Ratio (20.4x) 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 MEKKO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€12.60
€12.83
+1.8%
2.4%€13.00€12.30n/a4
Sep ’25€12.52
€12.83
+2.4%
2.4%€13.00€12.30n/a4
Aug ’25€13.76
€13.35
-3.0%
7.4%€15.00€12.40n/a4
Jul ’25€14.24
€13.35
-6.3%
7.4%€15.00€12.40n/a4
Jun ’25€16.02
€13.35
-16.7%
7.4%€15.00€12.40n/a4
May ’25€12.76
€12.75
-0.08%
10.6%€15.00€11.50n/a4
Apr ’25€12.43
€12.75
+2.6%
10.6%€15.00€11.50n/a4
Mar ’25€11.91
€12.75
+7.1%
10.6%€15.00€11.50n/a4
Feb ’25€13.67
€12.75
-6.7%
11.3%€15.00€11.00n/a4
Jan ’25€13.31
€12.83
-3.6%
12.9%€15.00€11.00n/a3
Dec ’24€12.23
€12.83
+4.9%
12.9%€15.00€11.00n/a3
Nov ’24€10.94
€11.50
+5.1%
3.6%€12.00€11.00n/a3
Oct ’24€10.51
€11.23
+6.8%
4.9%€12.00€10.50€12.724
Sep ’24€11.14
€11.23
+0.8%
4.9%€12.00€10.50€12.524
Aug ’24€9.03
€10.45
+15.8%
4.4%€11.00€10.00€13.764
Jul ’24€9.09
€10.45
+15.0%
4.4%€11.00€10.00€14.244
Jun ’24€8.57
€10.33
+20.6%
4.6%€11.00€10.00€16.023
May ’24€9.38
€10.33
+10.2%
4.6%€11.00€10.00€12.763
Apr ’24€9.76
€10.33
+5.9%
4.6%€11.00€10.00€12.433
Mar ’24€9.22
€10.33
+12.1%
4.6%€11.00€10.00€11.913
Feb ’24€9.50
€9.83
+3.5%
2.4%€10.00€9.50€13.673
Jan ’24€8.76
€9.83
+12.3%
2.4%€10.00€9.50€13.313
Dec ’23€9.19
€9.83
+7.0%
2.4%€10.00€9.50€12.233
Nov ’23€9.26
€11.67
+26.0%
4.0%€12.00€11.00€10.943
Oct ’23€8.70
€12.00
+37.9%
6.8%€13.00€11.00€10.513

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


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