Carel Industries Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: CRLM (€19.35) is trading above our estimate of fair value (€9.4)

Significantly Below Fair Value: CRLM is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CRLM. This is calculated by dividing CRLM's market cap by their current earnings.
What is CRLM's PE Ratio?
PE Ratio	38.2x
Earnings	€51.59m
Market Cap	€1.97b

CRLM 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	3.5x
Enterprise Value/EBITDA	21.4x
PEG Ratio	1.9x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CRLM 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	24.2x
FAN Volution Group	25.9x	12.1%	UK£1.1b
GEN Genuit Group	43.2x	30.7%	UK£1.0b
JHD James Halstead	19.2x	4.1%	UK£796.1m
NXR Norcros	8.7x	-1.2%	UK£232.5m
CRLM Carel Industries	38.2x	20.1%	€2.0b

Price-To-Earnings vs Peers: CRLM is expensive based on its Price-To-Earnings Ratio (38.2x) compared to the peer average (24.2x).

Price to Earnings Ratio vs Industry

How does CRLM's PE Ratio compare vs other companies in the European Building Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: CRLM is expensive based on its Price-To-Earnings Ratio (38.2x) compared to the European Building industry average (19.5x).

Price to Earnings Ratio vs Fair Ratio

What is CRLM'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.

CRLM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	38.2x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CRLM'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?

The above table shows the analyst CRLM forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	n/a	€19.83 0%	12.6%	€23.00	€16.90	n/a	3
Nov ’25	n/a	€18.23 0%	5.8%	€19.60	€17.00	n/a	3
Oct ’25	n/a	€18.40 0%	5.8%	€19.60	€17.00	n/a	3
Sep ’25	n/a	€18.40 0%	5.8%	€19.60	€17.00	n/a	3
Aug ’25	n/a	€18.87 0%	8.7%	€21.00	€17.00	n/a	3
Jul ’25	n/a	€19.37 0%	7.9%	€21.50	€18.00	n/a	3
Jun ’25	n/a	€19.37 0%	7.9%	€21.50	€18.00	n/a	3
May ’25	n/a	€21.70 0%	6.6%	€23.50	€20.00	n/a	3
Apr ’25	n/a	€25.15 0%	6.6%	€26.80	€23.50	n/a	2
Mar ’25	n/a	€25.15 0%	6.6%	€26.80	€23.50	n/a	2
Feb ’25	n/a	€25.15 0%	6.6%	€26.80	€23.50	n/a	2
Jan ’25	n/a	€25.01 0%	6.0%	€26.51	€23.50	n/a	2
Dec ’24	n/a	€25.01 0%	6.0%	€26.51	€23.50	n/a	2
Nov ’24	n/a	€26.55 0%	9.6%	€29.10	€24.00	n/a	2
Oct ’24	n/a	€28.55 0%	1.9%	€29.10	€28.00	n/a	2

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

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