We’ve recently updated our valuation analysis.

Luceco Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

LUCE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA5.7x
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for LUCE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average28x
DIA Dialight
74.3x40.9%UK£96.6m
DWHT Dewhurst Group
12.8xn/aUK£71.7m
PPS Proton Motor Power Systems
0.5xn/aUK£190.1m
TFW FW Thorpe
24.5xn/aUK£492.2m
LUCE Luceco
7.5x7.0%UK£133.3m

Price-To-Earnings vs Peers: LUCE is good value based on its Price-To-Earnings Ratio (7.5x) compared to the peer average (28x).


Price to Earnings Ratio vs Industry

How does LUCE's PE Ratio compare vs other companies in the European Electrical Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a28.9%
n/an/an/a

Price-To-Earnings vs Industry: LUCE is good value based on its Price-To-Earnings Ratio (7.5x) compared to the European Electrical industry average (19.1x)


Price to Earnings Ratio vs Fair Ratio

What is LUCE'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.

LUCE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.5x
Fair PE Ratio13.2x

Price-To-Earnings vs Fair Ratio: LUCE is good value based on its Price-To-Earnings Ratio (7.5x) compared to the estimated Fair Price-To-Earnings Ratio (13.2x).


Share Price vs Fair Value

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

Below Fair Value: LUCE (£0.87) is trading below our estimate of fair value (£1.01)

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


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 LUCE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£0.87
UK£1.07
+22.9%
17.3%UK£1.30UK£0.85n/a3
Nov ’23UK£0.86
UK£1.07
+23.6%
17.3%UK£1.30UK£0.85n/a3
Oct ’23UK£0.83
UK£1.59
+92.0%
19.4%UK£2.00UK£1.25n/a3
Sep ’23UK£0.77
UK£2.05
+167.3%
8.0%UK£2.25UK£1.85n/a3
Aug ’23UK£1.07
UK£2.05
+91.9%
8.0%UK£2.25UK£1.85n/a3
Jul ’23UK£1.04
UK£2.87
+175.6%
15.7%UK£3.50UK£2.50n/a3
Jun ’23UK£1.27
UK£2.87
+126.1%
15.7%UK£3.50UK£2.50n/a3
May ’23UK£1.89
UK£3.80
+101.1%
5.7%UK£4.00UK£3.50n/a3
Apr ’23UK£2.00
UK£3.80
+90.0%
5.7%UK£4.00UK£3.50n/a3
Mar ’23UK£2.47
UK£4.77
+93.4%
6.9%UK£5.20UK£4.40n/a3
Feb ’23UK£3.12
UK£4.77
+52.8%
6.9%UK£5.20UK£4.40n/a3
Jan ’23UK£3.49
UK£5.07
+45.4%
3.7%UK£5.20UK£4.80n/a3
Dec ’22UK£3.44
UK£5.07
+47.3%
3.7%UK£5.20UK£4.80n/a3
Nov ’22UK£3.60
UK£5.07
+40.7%
3.7%UK£5.20UK£4.80UK£0.863
Oct ’22UK£3.13
UK£5.22
+66.9%
0.5%UK£5.25UK£5.20UK£0.833
Sep ’22UK£4.75
UK£4.67
-1.8%
8.3%UK£5.20UK£4.30UK£0.773
Aug ’22UK£3.88
UK£4.67
+20.3%
8.3%UK£5.20UK£4.30UK£1.073
Jul ’22UK£4.07
UK£3.62
-11.0%
3.6%UK£3.80UK£3.50UK£1.043
Jun ’22UK£3.53
UK£3.62
+2.6%
3.6%UK£3.80UK£3.50UK£1.273
May ’22UK£3.21
UK£3.30
+2.8%
2.5%UK£3.40UK£3.20UK£1.893
Apr ’22UK£2.87
UK£3.30
+15.2%
2.5%UK£3.40UK£3.20UK£2.003
Mar ’22UK£2.38
UK£3.03
+27.5%
7.8%UK£3.20UK£2.70UK£2.473
Feb ’22UK£2.66
UK£3.03
+14.0%
7.8%UK£3.20UK£2.70UK£3.123
Jan ’22UK£2.56
UK£2.67
+4.2%
1.8%UK£2.70UK£2.60UK£3.493
Dec ’21UK£2.36
UK£2.67
+13.2%
1.8%UK£2.70UK£2.60UK£3.443
Nov ’21UK£2.28
UK£2.67
+17.0%
1.8%UK£2.70UK£2.60UK£3.603

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.


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