Glarner Kantonalbank Valuation

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

GLKBNZ (CHF21.3) is trading below our estimate of [[fair value]] (CHF27.74)

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: GLKBNZ (CHF21.3) is trading below our estimate of fair value (CHF27.74)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for GLKBNZ. This is calculated by dividing GLKBNZ's market cap by their current earnings.
What is GLKBNZ's PE Ratio?
PE Ratio	11.4x
Earnings	CHF 25.07m
Market Cap	CHF 286.20m

GLKBNZ 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/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for GLKBNZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	3.9x
CBG Close Brothers Group	3.6x	16.0%	UK£321.5m
ARBB Arbuthnot Banking Group	4.7x	8.7%	UK£149.4m
STB Secure Trust Bank	2.5x	32.7%	UK£68.5m
TBCG TBC Bank Group	4.9x	16.8%	UK£1.8b
GLKBNZ Glarner Kantonalbank	11.4x	n/a	CHF 286.2m

Price-To-Earnings vs Peers: GLKBNZ is expensive based on its Price-To-Earnings Ratio (11.4x) compared to the peer average (4x).

Price to Earnings Ratio vs Industry

How does GLKBNZ's PE Ratio compare vs other companies in the European Banks Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: GLKBNZ is expensive based on its Price-To-Earnings Ratio (11.4x) compared to the European Banks industry average (7.4x).

Price to Earnings Ratio vs Fair Ratio

What is GLKBNZ'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.

GLKBNZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	11.4x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate GLKBNZ's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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