Industrie De Nora S.p.A.

LSE:0ABI Stock Report

Market Cap: €1.6b

Industrie De Nora Valuation

Is 0ABI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: 0ABI (€8) is trading above our estimate of fair value (€2.93)

Significantly Below Fair Value: 0ABI is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for 0ABI. This is calculated by dividing 0ABI's market cap by their current earnings.
What is 0ABI's PE Ratio?
PE Ratio18.8x
Earnings€84.37m
Market Cap€1.59b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 0ABI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.5x
VSVS Vesuvius
10.1x11.9%UK£1.1b
BOY Bodycote
17.8x20.2%UK£1.1b
MGAM Morgan Advanced Materials
10.6x11.3%UK£735.5m
ROR Rotork
23.4x8.9%UK£2.8b
0ABI Industrie De Nora
18.8x12.2%€1.6b

Price-To-Earnings vs Peers: 0ABI is expensive based on its Price-To-Earnings Ratio (18.8x) compared to the peer average (15.5x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0ABI 18.8xIndustry Avg. 17.4xNo. of Companies29PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0ABI is expensive based on its Price-To-Earnings Ratio (18.8x) compared to the European Machinery industry average (17.4x).

Price to Earnings Ratio vs Fair Ratio

What is 0ABI'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.

0ABI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.8x
Fair PE Ratio19x

Price-To-Earnings vs Fair Ratio: 0ABI is good value based on its Price-To-Earnings Ratio (18.8x) compared to the estimated Fair Price-To-Earnings Ratio (19x).

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 0ABI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€8.00
€12.60
+57.6%
14.5%€14.00€9.00n/a5
Nov ’25€8.76
€13.44
+53.5%
11.0%€15.50€11.00n/a5
Oct ’25€9.40
€13.48
+43.5%
11.2%€15.50€11.00n/a5
Sep ’25€10.10
€14.08
+39.4%
12.6%€16.00€11.00n/a5
Aug ’25€10.25
€16.08
+56.9%
15.0%€20.50€13.50n/a5
Jul ’25€11.35
€16.64
+46.6%
12.0%€20.50€14.70n/a5
Jun ’25€12.93
€16.74
+29.5%
11.4%€20.50€15.20n/a5
May ’25€12.64
€16.77
+32.6%
10.3%€20.50€15.10n/a6
Apr ’25€13.21
€17.60
+33.2%
13.2%€21.50€15.10n/a6
Mar ’25€15.11
€18.77
+24.2%
8.0%€21.50€17.14n/a6
Feb ’25€14.61
€18.29
+25.2%
5.7%€20.00€17.14n/a4
Jan ’25€15.69
€18.79
+19.7%
6.7%€20.00€17.14n/a4
Nov ’24€13.18
€22.25
+68.8%
5.6%€23.50€21.00€8.762
Oct ’24€16.46
€24.25
+47.3%
3.1%€25.00€23.50€9.402
Sep ’24€18.01
€24.67
+37.0%
3.4%€25.50€23.50€10.103
Aug ’24€18.26
€24.67
+35.1%
3.4%€25.50€23.50€10.253
Jul ’24€19.29
€23.67
+22.7%
4.0%€25.00€23.00€11.353
Jun ’24€19.32
€23.33
+20.8%
5.3%€25.00€22.00€12.933
May ’24€17.91
€23.33
+30.3%
5.3%€25.00€22.00€12.643
Apr ’24€18.37
€23.33
+27.0%
5.3%€25.00€22.00€13.213
Mar ’24€18.71
€21.17
+13.1%
11.6%€24.00€18.00€15.113
Feb ’24€17.34
€21.17
+22.1%
11.6%€24.00€18.00€14.613
Jan ’24€14.59
€21.17
+45.1%
11.6%€24.00€18.00€15.693
Dec ’23€16.15
€21.17
+31.1%
11.6%€24.00€18.00€14.263
Nov ’23€15.02
€21.17
+40.9%
11.6%€24.00€18.00€13.183

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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