We’ve recently updated our valuation analysis.

Kaufman & Broad Valuation

Is KOF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

KOF 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/Revenue0.6x
Enterprise Value/EBITDA7.8x
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for KOF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.5x
ALHEX Hexaom
11.8x34.2%€136.9m
RBO Roche Bobois
12.8x-6.6%€381.0m
NACON Nacon
14.2x38.6%€208.4m
BEN Bénéteau
15.1x19.0%€1.2b
KOF Kaufman & Broad
13.8x12.2%€606.1m

Price-To-Earnings vs Peers: KOF is expensive based on its Price-To-Earnings Ratio (13.8x) compared to the peer average (13.5x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a19.1%
n/an/an/a

Price-To-Earnings vs Industry: KOF is expensive based on its Price-To-Earnings Ratio (13.8x) compared to the European Consumer Durables industry average (11.3x)


Price to Earnings Ratio vs Fair Ratio

What is KOF'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.

KOF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.8x
Fair PE Ratio13.1x

Price-To-Earnings vs Fair Ratio: KOF is expensive based on its Price-To-Earnings Ratio (13.8x) compared to the estimated Fair Price-To-Earnings Ratio (13.1x).


Share Price vs Fair Value

What is the Fair Price of KOF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KOF (€29.2) is trading below our estimate of fair value (€63.15)

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


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 KOF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€29.20
€34.22
+17.2%
16.5%€44.00€27.30n/a6
Jan ’24€27.45
€34.22
+24.7%
16.5%€44.00€27.30n/a6
Dec ’23€26.50
€34.22
+29.1%
16.5%€44.00€27.30n/a6
Nov ’23€24.80
€34.22
+38.0%
16.5%€44.00€27.30n/a6
Oct ’23€20.15
€37.00
+83.6%
15.6%€44.00€28.00n/a6
Sep ’23€23.00
€39.00
+69.6%
14.9%€47.00€31.00n/a6
Aug ’23€26.10
€39.00
+49.4%
14.9%€47.00€31.00n/a6
Jul ’23€25.85
€40.47
+56.5%
11.1%€47.00€33.80n/a6
Jun ’23€26.50
€41.63
+57.1%
12.3%€47.00€33.80n/a6
May ’23€29.05
€41.63
+43.3%
12.3%€47.00€33.80n/a6
Apr ’23€29.60
€43.67
+47.5%
6.8%€48.00€40.00n/a6
Mar ’23€30.85
€43.86
+42.2%
6.4%€48.00€40.00n/a7
Feb ’23€34.30
€44.14
+28.7%
6.1%€48.00€40.00n/a7
Jan ’23€36.95
€46.93
+27.0%
5.9%€50.00€42.50€27.457
Dec ’22€34.00
€46.93
+38.0%
5.9%€50.00€42.50€26.507
Nov ’22€34.50
€46.93
+36.0%
5.9%€50.00€42.50€24.807
Oct ’22€35.80
€46.79
+30.7%
5.8%€50.00€42.50€20.157
Sep ’22€38.80
€46.79
+20.6%
5.8%€50.00€42.50€23.007
Aug ’22€37.40
€46.79
+25.1%
5.8%€50.00€42.50€26.107
Jul ’22€40.00
€46.71
+16.8%
5.8%€50.00€43.00€25.857
Jun ’22€40.00
€46.71
+16.8%
5.8%€50.00€43.00€26.507
May ’22€37.80
€46.71
+23.6%
5.8%€50.00€43.00€29.057
Apr ’22€37.65
€46.64
+23.9%
11.9%€59.00€42.50€29.607
Mar ’22€36.95
€46.08
+24.7%
12.7%€59.00€42.50€30.856
Feb ’22€37.90
€42.64
+12.5%
6.7%€45.00€36.00€34.307
Jan ’22€36.60
€38.17
+4.3%
14.5%€45.00€29.70€36.957

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


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