BPER Banca Valuation

Is 0MU6 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 0MU6 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0MU6 (€5.92) is trading below our estimate of fair value (€10.74)

Significantly Below Fair Value: 0MU6 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0MU6?

Key metric: As 0MU6 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0MU6. This is calculated by dividing 0MU6's market cap by their current earnings.
What is 0MU6's PE Ratio?
PE Ratio5.3x
Earnings€1.57b
Market Cap€8.61b

Price to Earnings Ratio vs Peers

How does 0MU6's PE Ratio compare to its peers?

The above table shows the PE ratio for 0MU6 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average4.4x
TCS TCS Group Holding
6.5xn/aUS$5.1b
HSBK Halyk Bank of Kazakhstan
3.3xn/aUS$5.2b
BGEO Bank of Georgia Group
3.1x-4.1%UK£2.0b
TBCG TBC Bank Group
4.9x17.4%UK£1.7b
0MU6 BPER Banca
5.3x-4.6%€8.6b

Price-To-Earnings vs Peers: 0MU6 is expensive based on its Price-To-Earnings Ratio (5.3x) compared to the peer average (4.4x).


Price to Earnings Ratio vs Industry

How does 0MU6's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0MU6 5.3xIndustry Avg. 7.5xNo. of Companies44PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0MU6 is good value based on its Price-To-Earnings Ratio (5.3x) compared to the European Banks industry average (7.5x).


Price to Earnings Ratio vs Fair Ratio

What is 0MU6'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.

0MU6 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.3x
Fair PE Ratio4.9x

Price-To-Earnings vs Fair Ratio: 0MU6 is expensive based on its Price-To-Earnings Ratio (5.3x) compared to the estimated Fair Price-To-Earnings Ratio (4.9x).


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 0MU6 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.92
€6.88
+16.3%
14.8%€7.80€4.00n/a11
Nov ’25€5.69
€6.68
+17.5%
14.4%€7.60€4.00n/a11
Oct ’25€4.83
€6.08
+26.0%
14.5%€7.20€4.00n/a11
Sep ’25€5.06
€6.05
+19.6%
14.4%€7.10€4.00n/a11
Aug ’25€5.12
€5.92
+15.6%
13.2%€7.00€4.00n/a11
Jul ’25€4.97
€5.68
+14.2%
12.6%€6.50€4.00n/a11
Jun ’25€4.93
€5.64
+14.3%
13.3%€6.50€4.00n/a11
May ’25€4.92
€5.21
+5.9%
13.5%€6.10€4.00n/a11
Apr ’25€4.38
€4.90
+11.9%
15.4%€6.00€4.00n/a11
Mar ’25€3.76
€4.76
+26.7%
15.8%€6.00€3.70n/a12
Feb ’25€3.35
€4.59
+37.0%
15.7%€5.70€3.60n/a11
Jan ’25€3.02
€4.66
+54.2%
17.7%€6.30€3.60n/a11
Dec ’24€3.46
€4.60
+33.0%
17.1%€6.40€3.60€5.7611
Nov ’24€3.13
€4.32
+38.1%
16.0%€5.70€3.05€5.6911
Oct ’24€2.90
€4.18
+44.2%
15.3%€5.30€2.95€4.8311
Sep ’24€2.83
€4.21
+48.5%
15.4%€5.30€2.95€5.0612
Aug ’24€3.10
€3.98
+28.4%
19.3%€5.10€2.40€5.1213
Jul ’24€2.78
€3.69
+32.6%
19.1%€4.90€2.40€4.9713
Jun ’24€2.45
€3.68
+50.0%
19.0%€4.90€2.40€4.9313
May ’24€2.55
€3.41
+33.6%
17.4%€4.50€2.40€4.9213
Apr ’24€2.24
€3.33
+48.7%
17.2%€4.10€2.40€4.3813
Mar ’24€2.68
€3.33
+24.5%
17.0%€4.10€2.40€3.7613
Feb ’24€2.60
€2.96
+13.6%
19.9%€4.00€2.35€3.3513
Jan ’24€1.93
€2.64
+37.1%
21.9%€3.80€1.70€3.0211
Dec ’23€1.95
€2.64
+35.7%
21.9%€3.80€1.70€3.4611

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


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