Forbo Holding AG

BATS-CHIXE:FORNZ Stock Report

Market Cap: CHF 1.1b

Forbo Holding Valuation

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

Valuation Score

6/6

Valuation Score 6/6

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

Below Fair Value: FORNZ (CHF785) is trading below our estimate of fair value (CHF1610.22)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FORNZ. This is calculated by dividing FORNZ's market cap by their current earnings.
What is FORNZ's PE Ratio?
PE Ratio11.8x
EarningsCHF 93.30m
Market CapCHF 1.10b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FORNZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.1x
GEN Genuit Group
42.3x29.9%UK£999.3m
JHD James Halstead
18.6x4.1%UK£771.1m
FAN Volution Group
25.7x12.1%UK£1.1b
NXR Norcros
25.6x29.5%UK£228.1m
FORNZ Forbo Holding
11.8x11.6%CHF 1.1b

Price-To-Earnings vs Peers: FORNZ is good value based on its Price-To-Earnings Ratio (11.8x) compared to the peer average (28.1x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies14PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FORNZ is good value based on its Price-To-Earnings Ratio (11.8x) compared to the European Building industry average (19.7x).

Price to Earnings Ratio vs Fair Ratio

What is FORNZ'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.

FORNZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.8x
Fair PE Ratio16.4x

Price-To-Earnings vs Fair Ratio: FORNZ is good value based on its Price-To-Earnings Ratio (11.8x) compared to the estimated Fair Price-To-Earnings Ratio (16.4x).

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 FORNZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 785.00
CHF 1,126.75
+43.5%
7.7%CHF 1,252.00CHF 1,015.00n/a4
Nov ’25CHF 853.00
CHF 1,126.75
+32.1%
7.7%CHF 1,252.00CHF 1,015.00n/a4
Oct ’25CHF 874.00
CHF 1,126.75
+28.9%
7.7%CHF 1,252.00CHF 1,015.00n/a4
Sep ’25CHF 882.00
CHF 1,126.75
+27.7%
7.7%CHF 1,252.00CHF 1,015.00n/a4
Aug ’25CHF 943.00
CHF 1,126.75
+19.5%
7.7%CHF 1,252.00CHF 1,015.00n/a4
Jul ’25CHF 1,046.00
CHF 1,154.25
+10.3%
5.2%CHF 1,252.00CHF 1,090.00n/a4
Jun ’25CHF 1,088.00
CHF 1,154.25
+6.1%
5.2%CHF 1,252.00CHF 1,090.00n/a4
May ’25CHF 1,068.00
CHF 1,154.25
+8.1%
5.2%CHF 1,252.00CHF 1,090.00n/a4
Apr ’25CHF 1,148.00
CHF 1,154.25
+0.5%
5.2%CHF 1,252.00CHF 1,090.00n/a4
Mar ’25CHF 1,030.00
CHF 1,104.25
+7.2%
8.0%CHF 1,252.00CHF 1,025.00n/a4
Feb ’25CHF 996.00
CHF 1,104.25
+10.9%
8.0%CHF 1,252.00CHF 1,025.00n/a4
Jan ’25CHF 1,050.00
CHF 1,104.25
+5.2%
8.0%CHF 1,252.00CHF 1,025.00n/a4
Dec ’24CHF 986.50
CHF 1,104.25
+11.9%
8.0%CHF 1,252.00CHF 1,025.00n/a4
Nov ’24CHF 996.00
CHF 1,334.75
+34.0%
13.8%CHF 1,500.00CHF 1,025.00CHF 853.004
Oct ’24CHF 1,114.00
CHF 1,412.25
+26.8%
4.5%CHF 1,500.00CHF 1,335.00CHF 874.004
Sep ’24CHF 1,192.00
CHF 1,409.80
+18.3%
4.1%CHF 1,500.00CHF 1,335.00CHF 882.005
Aug ’24CHF 1,260.00
CHF 1,455.80
+15.5%
7.5%CHF 1,650.00CHF 1,335.00CHF 943.005
Jul ’24CHF 1,280.00
CHF 1,370.00
+7.0%
4.7%CHF 1,480.00CHF 1,315.00CHF 1,046.004
Jun ’24CHF 1,324.00
CHF 1,370.00
+3.5%
4.7%CHF 1,480.00CHF 1,315.00CHF 1,088.004
May ’24CHF 1,316.00
CHF 1,370.00
+4.1%
4.7%CHF 1,480.00CHF 1,315.00CHF 1,068.004
Apr ’24CHF 1,320.00
CHF 1,370.00
+3.8%
4.2%CHF 1,480.00CHF 1,315.00CHF 1,148.005
Mar ’24CHF 1,218.00
CHF 1,300.00
+6.7%
3.2%CHF 1,350.00CHF 1,235.00CHF 1,030.005
Feb ’24CHF 1,212.00
CHF 1,300.00
+7.3%
3.2%CHF 1,350.00CHF 1,235.00CHF 996.005
Jan ’24CHF 1,096.00
CHF 1,353.00
+23.4%
11.5%CHF 1,650.00CHF 1,200.00CHF 1,050.005
Dec ’23CHF 1,120.00
CHF 1,402.80
+25.2%
12.4%CHF 1,650.00CHF 1,200.00CHF 986.505
Nov ’23CHF 1,200.00
CHF 1,517.80
+26.5%
10.7%CHF 1,770.00CHF 1,330.00CHF 996.005

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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