Implenia AG

LSE:0QNT Stock Report

Market Cap: CHF 541.8m

Implenia Valuation

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

Below Fair Value: 0QNT (CHF29.48) is trading below our estimate of fair value (CHF52.35)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for 0QNT. This is calculated by dividing 0QNT's market cap by their current earnings.
What is 0QNT's PE Ratio?
PE Ratio4x
EarningsCHF 134.94m
Market CapCHF 541.81m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 0QNT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.4x
KIE Kier Group
13x14.7%UK£663.0m
GFRD Galliford Try Holdings
10.4x1.8%UK£368.1m
COST Costain Group
9.1x13.0%UK£270.6m
RNWH Renew Holdings
17.1x3.6%UK£827.8m
0QNT Implenia
4x-9.4%CHF 541.8m

Price-To-Earnings vs Peers: 0QNT is good value based on its Price-To-Earnings Ratio (4x) compared to the peer average (12.4x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
0QNT 4.0xIndustry Avg. 12.9xNo. of Companies18PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0QNT is good value based on its Price-To-Earnings Ratio (4x) compared to the European Construction industry average (12.9x).

Price to Earnings Ratio vs Fair Ratio

What is 0QNT'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.

0QNT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4x
Fair PE Ratio10x

Price-To-Earnings vs Fair Ratio: 0QNT is good value based on its Price-To-Earnings Ratio (4x) compared to the estimated Fair Price-To-Earnings Ratio (10x).

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 0QNT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 29.48
CHF 38.33
+30.1%
6.5%CHF 41.00CHF 35.00n/a3
Nov ’25CHF 30.75
CHF 38.33
+24.7%
6.5%CHF 41.00CHF 35.00n/a3
Oct ’25CHF 32.00
CHF 38.33
+19.8%
6.5%CHF 41.00CHF 35.00n/a3
Sep ’25CHF 31.40
CHF 38.33
+22.1%
6.5%CHF 41.00CHF 35.00n/a3
Aug ’25CHF 31.78
CHF 38.33
+20.6%
6.5%CHF 41.00CHF 35.00n/a3
Jul ’25CHF 33.20
CHF 38.33
+15.5%
6.5%CHF 41.00CHF 35.00n/a3
Jun ’25CHF 34.10
CHF 38.33
+12.4%
6.5%CHF 41.00CHF 35.00n/a3
May ’25CHF 33.75
CHF 38.33
+13.6%
6.5%CHF 41.00CHF 35.00n/a3
Apr ’25CHF 32.71
CHF 37.00
+13.1%
5.4%CHF 39.00CHF 35.00n/a2
Mar ’25CHF 30.29
CHF 38.50
+27.1%
1.3%CHF 39.00CHF 38.00n/a2
Feb ’25CHF 30.45
CHF 39.50
+29.7%
3.8%CHF 41.00CHF 38.00n/a2
Sep ’24CHF 31.25
CHF 45.50
+45.6%
16.5%CHF 53.00CHF 38.00CHF 31.402
Aug ’24CHF 42.25
CHF 48.50
+14.8%
17.5%CHF 57.00CHF 40.00CHF 31.782
Jul ’24CHF 42.95
CHF 48.50
+12.9%
17.5%CHF 57.00CHF 40.00CHF 33.202
Jun ’24CHF 46.40
CHF 48.50
+4.5%
17.5%CHF 57.00CHF 40.00CHF 34.102
Feb ’24CHF 39.12
CHF 38.00
-2.9%
5.3%CHF 40.00CHF 36.00CHF 30.452
Jan ’24CHF 37.66
CHF 38.00
+0.9%
5.3%CHF 40.00CHF 36.00CHF 30.602
Dec ’23CHF 40.15
CHF 38.00
-5.4%
5.3%CHF 40.00CHF 36.00CHF 28.202
Nov ’23CHF 38.99
CHF 30.50
-21.8%
1.6%CHF 31.00CHF 30.00CHF 28.002

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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