Recticel Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: 0NHV (€11.46) is trading below our estimate of fair value (€11.78)

Significantly Below Fair Value: 0NHV is trading below fair value, but not by a significant amount.


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for 0NHV. This is calculated by dividing 0NHV's market cap by their current earnings.
What is 0NHV's PE Ratio?
PE Ratio99x
Earnings€6.54m
Market Cap€647.10m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 0NHV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.1x
JHD James Halstead
19.9x4.1%UK£825.2m
FAN Volution Group
26.2x12.1%UK£1.1b
GEN Genuit Group
45.4x32.6%UK£1.1b
NXR Norcros
9x-1.2%UK£240.6m
0NHV Recticel
99x46.5%€647.1m

Price-To-Earnings vs Peers: 0NHV is expensive based on its Price-To-Earnings Ratio (99x) compared to the peer average (25.1x).


Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
0NHV 99.0xIndustry Avg. 19.9xNo. of Companies13PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0NHV is expensive based on its Price-To-Earnings Ratio (99x) compared to the European Building industry average (19.9x).


Price to Earnings Ratio vs Fair Ratio

What is 0NHV'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.

0NHV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio99x
Fair PE Ratio33x

Price-To-Earnings vs Fair Ratio: 0NHV is expensive based on its Price-To-Earnings Ratio (99x) compared to the estimated Fair Price-To-Earnings Ratio (33x).


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 0NHV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€11.46
€13.38
+16.7%
14.8%€16.00€11.00n/a4
Nov ’25€11.93
€13.38
+12.2%
14.8%€16.00€11.00n/a4
Oct ’25€13.18
€13.38
+1.5%
14.8%€16.00€11.00n/a4
Sep ’25€12.31
€12.88
+4.6%
11.8%€15.00€11.00n/a4
Aug ’25€12.44
€12.88
+3.5%
11.8%€15.00€11.00n/a4
Jul ’25€12.12
€12.88
+6.2%
11.8%€15.00€11.00n/a4
Jun ’25€13.84
€12.88
-7.0%
11.8%€15.00€11.00n/a4
May ’25€12.38
€12.88
+4.0%
11.8%€15.00€11.00n/a4
Apr ’25€10.87
€12.83
+18.1%
12.9%€15.00€11.00n/a3
Mar ’25€11.77
€12.83
+9.0%
12.9%€15.00€11.00n/a3
Feb ’25€11.34
€11.88
+4.7%
18.4%€15.00€9.00n/a4
Jan ’25€10.64
€11.50
+8.1%
15.7%€14.00€9.00n/a4
Dec ’24€10.14
€11.75
+15.9%
18.4%€15.00€9.00n/a4
Nov ’24€8.32
€12.00
+44.2%
18.6%€15.00€9.00€11.934
Oct ’24€9.40
€13.40
+42.6%
8.1%€15.00€12.00€13.184
Sep ’24€10.55
€14.28
+35.3%
11.7%€16.50€12.00€12.314
Aug ’24€11.52
€15.03
+30.5%
7.9%€16.50€13.60€12.443
Jul ’24€10.91
€15.03
+37.8%
7.9%€16.50€13.60€12.123
Jun ’24€11.80
€16.00
+35.6%
6.3%€17.00€15.00€13.842
May ’24€12.76
€20.50
+60.7%
2.4%€21.00€20.00€12.382
Apr ’24€17.14
€20.50
+19.6%
2.4%€21.00€20.00€10.872
Mar ’24€17.01
€19.50
+14.7%
7.7%€21.00€18.00€11.772
Feb ’24€17.51
€19.50
+11.4%
7.7%€21.00€18.00€11.342
Jan ’24€15.81
€19.83
+25.4%
6.6%€21.00€18.00€10.643
Dec ’23€15.11
€19.83
+31.3%
6.6%€21.00€18.00€10.143
Nov ’23€13.73
€21.83
+59.1%
2.9%€22.50€21.00€8.323

Analyst Forecast: Target price is less than 20% higher than the current share price.


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