Eiffage Valuation

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

Below Fair Value: FGRP (€84.64) is trading below our estimate of fair value (€202.44)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FGRP. This is calculated by dividing FGRP's market cap by their current earnings.
What is FGRP's PE Ratio?
PE Ratio8.1x
Earnings€1.00b
Market Cap€8.09b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FGRP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.6x
BBY Balfour Beatty
9.9x0.1%UK£2.3b
MGNS Morgan Sindall Group
14.6x2.8%UK£1.8b
KLR Keller Group
8.6x2.4%UK£1.1b
RNWH Renew Holdings
17.5x3.6%UK£854.7m
FGRP Eiffage
8.1x6.8%€8.1b

Price-To-Earnings vs Peers: FGRP is good value based on its Price-To-Earnings Ratio (8.1x) compared to the peer average (12.5x).


Price to Earnings Ratio vs Industry

How does FGRP's PE Ratio compare vs other companies in the European Construction Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies16PE0816243240+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FGRP is good value based on its Price-To-Earnings Ratio (8.1x) compared to the European Construction industry average (13x).


Price to Earnings Ratio vs Fair Ratio

What is FGRP'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.

FGRP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FGRP'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 FGRP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€84.64
€127.13
+50.2%
9.5%€144.00€102.00n/a16
Nov ’25€86.23
€127.73
+48.1%
10.2%€145.00€102.00n/a15
Oct ’25€89.16
€127.68
+43.2%
11.4%€152.00€102.00n/a15
Sep ’25€93.90
€126.81
+35.1%
10.8%€145.00€102.00n/a15
Aug ’25€91.50
€126.68
+38.4%
10.9%€145.00€102.00n/a15
Jul ’25€87.19
€128.55
+47.4%
10.3%€152.00€105.00n/a15
Jun ’25n/a
€126.95
0%
11.3%€152.00€105.00n/a15
May ’25n/a
€126.28
0%
11.8%€152.00€100.00n/a15
Apr ’25n/a
€122.50
0%
12.0%€145.00€100.00n/a14
Mar ’25n/a
€122.80
0%
12.3%€145.00€100.00n/a14
Feb ’25n/a
€120.93
0%
10.9%€145.00€100.00n/a15
Jan ’25n/a
€119.50
0%
10.5%€145.00€100.00n/a15
Dec ’24n/a
€120.18
0%
10.5%€145.00€100.00n/a14
Nov ’24€85.97
€120.68
+40.4%
10.4%€144.00€100.00€86.2314
Oct ’24n/a
€122.68
0%
10.8%€150.00€100.00€89.1614
Sep ’24n/a
€122.89
0%
11.0%€150.00€100.00€93.9014
Aug ’24€94.14
€123.32
+31.0%
12.4%€160.00€100.00€91.5014
Jul ’24n/a
€125.14
0%
11.1%€160.00€103.00€87.1914
Jun ’24€99.44
€125.14
+25.8%
11.1%€160.00€103.00n/a14
May ’24€107.45
€123.86
+15.3%
11.1%€158.00€103.00n/a14
Apr ’24€99.62
€122.95
+23.4%
10.9%€158.00€103.00n/a15
Mar ’24€105.65
€117.67
+11.4%
13.2%€151.00€92.00n/a15
Feb ’24€99.29
€114.87
+15.7%
11.2%€138.00€92.00n/a15
Jan ’24€92.18
€114.60
+24.3%
11.2%€138.00€92.00n/a15
Dec ’23€95.06
€114.40
+20.3%
11.2%€138.00€92.00n/a15
Nov ’23€92.72
€114.40
+23.4%
11.5%€138.00€92.00€85.9715

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


Discover undervalued companies