Lagardere SA

ENXTPA:MMB Stock Report

Market Cap: €2.9b

Lagardere Valuation

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

Below Fair Value: MMB (€21) is trading below our estimate of fair value (€29.34)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MMB. This is calculated by dividing MMB's market cap by their current earnings.
What is MMB's PE Ratio?
PE Ratio39.9x
Earnings€74.00m
Market Cap€2.93b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MMB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13x
DEC JCDecaux
11.4x5.1%€3.0b
IPS Ipsos
10.5x10.2%€1.9b
VIV Vivendi
22.4x31.1%€8.8b
TFI TF1
7.6x12.6%€1.5b
MMB Lagardere
39.9x26.3%€2.9b

Price-To-Earnings vs Peers: MMB is expensive based on its Price-To-Earnings Ratio (39.9x) compared to the peer average (13x).

Price to Earnings Ratio vs Industry

How does MMB's PE Ratio compare vs other companies in the FR Media Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
ALSRS Sirius Media
0.4xn/aUS$964.54k
No more companies available in this PE range
MMB 39.9xIndustry Avg. 11.2xNo. of Companies4PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MMB is expensive based on its Price-To-Earnings Ratio (39.9x) compared to the French Media industry average (11.2x).

Price to Earnings Ratio vs Fair Ratio

What is MMB'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.

MMB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio39.9x
Fair PE Ratio15.3x

Price-To-Earnings vs Fair Ratio: MMB is expensive based on its Price-To-Earnings Ratio (39.9x) compared to the estimated Fair Price-To-Earnings Ratio (15.3x).

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 MMB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€21.00
€27.23
+29.7%
12.5%€32.00€24.20n/a3
Nov ’25€21.40
€27.23
+27.3%
12.5%€32.00€24.20n/a3
Oct ’25€21.70
€28.75
+32.5%
11.3%€32.00€25.50n/a2
Sep ’25€22.65
€28.75
+26.9%
11.3%€32.00€25.50n/a2
Aug ’25€22.25
€28.75
+29.2%
11.3%€32.00€25.50n/a2
Jul ’25€21.00
€26.63
+26.8%
12.1%€32.00€23.50n/a4
Jun ’25€21.90
€26.38
+20.4%
10.7%€31.00€23.50n/a4
May ’25€21.05
€26.38
+25.3%
10.7%€31.00€23.50n/a4
Apr ’25€21.15
€26.25
+24.1%
11.2%€31.00€23.00n/a4
Mar ’25€20.50
€25.88
+26.2%
13.1%€31.00€21.50n/a4
Feb ’25€18.58
€25.50
+37.2%
12.1%€29.00€21.50n/a3
Jan ’25€18.38
€25.50
+38.7%
9.8%€29.00€22.00n/a4
Dec ’24€18.16
€25.50
+40.4%
9.8%€29.00€22.00n/a4
Nov ’24€18.74
€25.40
+35.5%
8.8%€29.00€22.00€21.405
Oct ’24€19.16
€25.40
+32.6%
8.8%€29.00€22.00€21.705
Sep ’24€21.80
€25.40
+16.5%
8.8%€29.00€22.00€22.655
Aug ’24€20.40
€24.83
+21.7%
9.7%€29.00€22.00€22.256
Jul ’24€21.45
€24.33
+13.4%
10.0%€29.00€22.00€21.006
Jun ’24€21.20
€23.92
+12.8%
10.4%€29.00€22.00€21.906
May ’24€21.85
€23.92
+9.5%
10.4%€29.00€22.00€21.056
Apr ’24€20.80
€23.92
+15.0%
10.4%€29.00€22.00€21.156
Mar ’24€21.26
€23.92
+12.5%
10.4%€29.00€22.00€20.506
Feb ’24€20.54
€23.50
+14.4%
11.8%€29.00€21.00€18.586
Jan ’24€20.04
€24.27
+21.1%
10.9%€29.00€21.00€18.386
Dec ’23€19.75
€24.27
+22.9%
10.9%€29.00€21.00€18.166
Nov ’23€17.71
€24.27
+37.0%
10.9%€29.00€21.00€18.746

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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