SRP Groupe S.A.

ENXTPA:SRP Stock Report

Market Cap: €114.5m

SRP Groupe Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: SRP (€1) is trading below our estimate of fair value (€7.49)

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

Key Valuation Metric

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

Key metric: As SRP is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for SRP. This is calculated by dividing SRP's market cap by their current revenue.
What is SRP's PS Ratio?
PS Ratio0.2x
Sales€663.91m
Market Cap€114.47m

Price to Sales Ratio vs Peers

How does SRP's PS Ratio compare to its peers?

The above table shows the PS ratio for SRP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.3x
SMCP SMCP
0.2x1.8%€195.4m
ALSPT Spartoo SAS
0.06x1.8%€7.3m
MDM Maisons du Monde
0.1x2.9%€131.5m
ALVU Vente-Unique.com
0.8x8.3%€131.1m
SRP SRP Groupe
0.2x2.2%€114.5m

Price-To-Sales vs Peers: SRP is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.3x).

Price to Sales Ratio vs Industry

How does SRP's PS Ratio compare vs other companies in the FR Specialty Retail Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
FNAC Fnac Darty
0.1x2.2%US$800.83m
TRACT Teract
0.06xn/aUS$53.88m
ALSPT Spartoo SAS
0.06x1.8%US$7.69m
No more companies available in this PS range
SRP 0.2xIndustry Avg. 0.4xNo. of Companies6PS00.40.81.21.62+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SRP is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Specialty Retail industry average (0.4x).

Price to Sales Ratio vs Fair Ratio

What is SRP's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SRP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.2x

Price-To-Sales vs Fair Ratio: SRP is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.2x).

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 SRP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.00
€1.16
+16.0%
22.4%€1.42€0.90n/a2
Nov ’25€1.10
€1.16
+5.5%
22.4%€1.42€0.90n/a2
Oct ’25€1.06
€1.13
+6.6%
28.9%€1.45€0.80n/a2
Sep ’25€0.99
€1.13
+13.6%
28.9%€1.45€0.80n/a2
Aug ’25€0.83
€1.13
+35.2%
28.9%€1.45€0.80n/a2
Jul ’25€0.81
€1.43
+77.0%
23.1%€1.76€1.10n/a2
Jun ’25€0.97
€1.43
+47.1%
23.1%€1.76€1.10n/a2
May ’25€0.99
€1.43
+44.4%
23.1%€1.76€1.10n/a2
Apr ’25€0.95
€1.60
+69.1%
18.7%€1.90€1.30n/a2
Mar ’25€0.99
€1.63
+64.6%
20.2%€1.96€1.30n/a2
Feb ’25€1.09
€1.63
+49.0%
20.2%€1.96€1.30n/a2
Jan ’25€1.07
€1.63
+52.9%
20.2%€1.96€1.30n/a2
Dec ’24€1.02
€1.63
+59.8%
20.2%€1.96€1.30n/a2
Nov ’24€1.05
€1.63
+55.2%
20.2%€1.96€1.30€1.102
Oct ’24€1.08
€1.93
+78.4%
22.3%€2.36€1.50€1.062
Sep ’24€1.20
€1.93
+61.4%
22.3%€2.36€1.50€0.992
Aug ’24€1.25
€1.93
+54.2%
22.3%€2.36€1.50€0.832
Jul ’24€1.36
€2.02
+48.5%
25.7%€2.54€1.50€0.812
Jun ’24€1.38
€2.02
+46.8%
25.7%€2.54€1.50€0.972
May ’24€1.48
€2.02
+36.5%
25.7%€2.54€1.50€0.992
Apr ’24€1.48
€2.02
+36.9%
25.7%€2.54€1.50€0.952
Mar ’24€1.59
€1.71
+7.8%
24.0%€2.12€1.30€0.992
Feb ’24€1.64
€1.71
+4.3%
24.0%€2.12€1.30€1.092
Jan ’24€1.68
€1.71
+1.7%
24.0%€2.12€1.30€1.072
Dec ’23€1.65
€1.71
+3.6%
24.0%€2.12€1.30€1.022
Nov ’23€1.69
€1.71
+1.5%
24.0%€2.12€1.30€1.052

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

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