discoverIE Group plc

BATS-CHIXE:DSCVL Stock Report

Market Cap: UK£626.3m

discoverIE Group Valuation

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

Discounted Cash Flow
Simply Wall St
UK£8.30
Fair Value
21.6% undervalued intrinsic discount
12
Number of Analysts

Below Fair Value: DSCVL (£6.51) is trading below our estimate of fair value (£8.3)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for DSCVL. This is calculated by dividing DSCVL's market cap by their current earnings.
What is DSCVL's PE Ratio?
PE Ratio39.1x
EarningsUK£16.00m
Market CapUK£626.28m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for DSCVL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.4x
VLX Volex
14x13.9%UK£498.5m
TFW FW Thorpe
14.7xn/aUK£356.7m
LUCE Luceco
9.8x7.4%UK£178.9m
DWHT Dewhurst Group
15xn/aUK£61.2m
DSCVL discoverIE Group
39.1x17.6%UK£626.3m

Price-To-Earnings vs Peers: DSCVL is expensive based on its Price-To-Earnings Ratio (39.1x) compared to the peer average (13.4x).

Price to Earnings Ratio vs Industry

How does DSCVL's PE Ratio compare vs other companies in the European Electrical Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies12PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DSCVL is expensive based on its Price-To-Earnings Ratio (39.1x) compared to the European Electrical industry average (16.9x).

Price to Earnings Ratio vs Fair Ratio

What is DSCVL'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.

DSCVL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio39.1x
Fair PE Ratio18.6x

Price-To-Earnings vs Fair Ratio: DSCVL is expensive based on its Price-To-Earnings Ratio (39.1x) compared to the estimated Fair Price-To-Earnings Ratio (18.6x).

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 DSCVL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£6.51
UK£9.05
+39.0%
14.2%UK£11.10UK£6.70n/a12
Jan ’26UK£7.14
UK£9.05
+26.8%
14.2%UK£11.10UK£6.70n/a12
Dec ’25UK£6.22
UK£9.05
+45.6%
14.2%UK£11.10UK£6.70n/a12
Nov ’25UK£6.70
UK£9.05
+35.1%
14.2%UK£11.10UK£6.70n/a12
Oct ’25UK£6.08
UK£9.22
+51.6%
11.3%UK£11.10UK£7.55n/a12
Sep ’25UK£6.67
UK£9.28
+39.3%
11.6%UK£11.10UK£7.55n/a12
Aug ’25UK£6.51
UK£9.28
+42.6%
11.6%UK£11.10UK£7.55n/a12
Jul ’25UK£6.69
UK£9.37
+40.1%
10.5%UK£11.10UK£7.60n/a12
Jun ’25UK£7.31
UK£9.45
+29.2%
10.4%UK£11.10UK£7.60n/a12
May ’25UK£7.10
UK£9.45
+33.1%
10.4%UK£11.10UK£7.60n/a12
Apr ’25UK£7.59
UK£9.43
+24.2%
10.4%UK£11.10UK£7.60n/a12
Mar ’25UK£6.90
UK£9.45
+37.1%
10.5%UK£11.10UK£7.60n/a12
Feb ’25UK£7.86
UK£9.60
+22.3%
9.1%UK£11.10UK£8.10n/a11
Jan ’25UK£7.90
UK£9.44
+19.5%
12.5%UK£11.10UK£6.95UK£7.1411
Dec ’24UK£6.14
UK£9.44
+53.7%
13.2%UK£11.10UK£6.95UK£6.2210
Nov ’24UK£6.33
UK£9.81
+54.9%
10.4%UK£11.10UK£7.50UK£6.7010
Oct ’24UK£6.74
UK£10.03
+48.8%
10.1%UK£11.10UK£7.50UK£6.089
Sep ’24UK£7.34
UK£10.17
+38.6%
7.8%UK£11.38UK£8.50UK£6.679
Aug ’24UK£8.10
UK£10.17
+25.6%
7.8%UK£11.38UK£8.50UK£6.519
Jul ’24UK£8.40
UK£10.17
+21.1%
8.3%UK£11.38UK£8.50UK£6.698
Jun ’24UK£7.89
UK£10.13
+28.4%
11.1%UK£12.20UK£8.50UK£7.318
May ’24UK£8.38
UK£10.13
+20.9%
11.1%UK£12.20UK£8.50UK£7.108
Apr ’24UK£7.70
UK£10.24
+32.9%
10.9%UK£12.20UK£8.50UK£7.598
Mar ’24UK£8.23
UK£10.20
+23.9%
11.6%UK£12.20UK£8.50UK£6.907
Feb ’24UK£8.45
UK£10.20
+20.7%
11.6%UK£12.20UK£8.50UK£7.867
Jan ’24UK£7.29
UK£10.15
+39.3%
12.3%UK£12.20UK£8.20UK£7.907
Analyst Price Target
Consensus Narrative from 12 Analysts
UK£9.04
Fair Value
28.0% undervalued intrinsic discount
12
Number of Analysts

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/10 22:52
End of Day Share Price 2025/01/10 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

discoverIE Group plc is covered by 29 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert ChantryBerenberg
James BaylissBerenberg
Caroline De la SoujeoleCantor Fitzgerald Europe