Deceuninck Valuation

Is 0MEL 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0MEL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0MEL (€2.38) is trading below our estimate of fair value (€6.7)

Significantly Below Fair Value: 0MEL is trading below fair value by more than 20%.


Key Valuation Metric

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

Key metric: As 0MEL is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0MEL. This is calculated by dividing 0MEL's market cap by their current revenue.
What is 0MEL's PS Ratio?
PS Ratio0.4x
Sales€860.45m
Market Cap€330.07m

Price to Sales Ratio vs Peers

How does 0MEL's PS Ratio compare to its peers?

The above table shows the PS ratio for 0MEL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.1x
NXR Norcros
0.6x1.0%UK£228.1m
ECEL Eurocell
0.5x3.9%UK£178.8m
EPWN Epwin Group
0.5x2.4%UK£148.1m
JHD James Halstead
2.8x2.9%UK£771.1m
0MEL Deceuninck
0.4x2.9%€330.1m

Price-To-Sales vs Peers: 0MEL is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (1.1x).


Price to Sales Ratio vs Industry

How does 0MEL's PS Ratio compare vs other companies in the European Building Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
0MEL 0.4xIndustry Avg. 0.8xNo. of Companies13PS00.61.21.82.43+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0MEL is good value based on its Price-To-Sales Ratio (0.4x) compared to the European Building industry average (0.8x).


Price to Sales Ratio vs Fair Ratio

What is 0MEL's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0MEL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: 0MEL is good value based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).


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 0MEL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€2.38
€3.60
+51.3%
21.6%€4.20€2.50n/a3
Nov ’25€2.31
€3.60
+56.2%
21.6%€4.20€2.50n/a3
Oct ’25€2.65
€3.60
+35.8%
21.6%€4.20€2.50n/a3
Sep ’25€2.39
€3.60
+50.9%
21.6%€4.20€2.50n/a3
Aug ’25€2.47
€3.60
+46.0%
21.6%€4.20€2.50n/a3
Jul ’25€2.37
€3.60
+52.2%
21.6%€4.20€2.50n/a3
Jun ’25€2.55
€3.57
+39.9%
21.3%€4.20€2.50n/a3
May ’25€2.56
€3.57
+39.3%
21.3%€4.20€2.50n/a3
Apr ’25€2.25
€3.57
+58.5%
21.3%€4.20€2.50n/a3
Mar ’25€2.26
€3.57
+57.7%
21.3%€4.20€2.50n/a3
Feb ’25€2.27
€3.57
+57.5%
21.3%€4.20€2.50n/a3
Jan ’25€2.28
€3.57
+56.8%
21.3%€4.20€2.50n/a3
Dec ’24€2.33
€3.70
+59.1%
15.4%€4.20€2.90n/a3
Nov ’24€2.25
€3.70
+64.4%
15.4%€4.20€2.90€2.313
Oct ’24€2.17
€3.70
+70.5%
15.4%€4.20€2.90€2.653
Sep ’24€2.26
€3.70
+64.0%
15.4%€4.20€2.90€2.393
Aug ’24€2.37
€3.40
+43.8%
14.7%€3.90€2.90€2.472
Jul ’24€2.28
€3.40
+49.1%
14.7%€3.90€2.90€2.372
Jun ’24€2.43
€3.40
+40.2%
14.7%€3.90€2.90€2.552

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


Discover undervalued companies