Metro Valuation

Is B4BD 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-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 B4BD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: B4BD (€5.18) is trading above our estimate of fair value (€2.84)

Significantly Below Fair Value: B4BD is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for B4BD?

Key metric: As B4BD is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for B4BD. This is calculated by dividing B4BD's market cap by their current revenue.
What is B4BD's PS Ratio?
PS Ratio	0.05x
Sales	€30.56b
Market Cap	€1.57b

B4BD 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/Revenue	0.2x
Enterprise Value/EBITDA	12.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does B4BD's PS Ratio compare to its peers?

The above table shows the PS ratio for B4BD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.4x
KITW Kitwave Group	0.4x	12.0%	UK£257.4m
OCDO Ocado Group	0.9x	8.4%	UK£2.7b
RFG Roebuck Food Group	0.3x	n/a	UK£8.3m
SBRY J Sainsbury	0.2x	1.9%	UK£5.9b
B4BD Metro	0.05x	3.1%	€1.6b

Price-To-Sales vs Peers: B4BD is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

How does B4BD's PS Ratio compare vs other companies in the European Consumer Retailing Industry?

11 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	n/a	2.7%
B4BD Metro	0.05x	3.1%	US$1.71b

11 Companies		Estimated Growth	Market Cap
Industry Avg.	n/a	6.9%
B4BD Metro	0.05x	82.8%	US$1.71b

No more companies

Price-To-Sales vs Industry: B4BD is good value based on its Price-To-Sales Ratio (0.1x) compared to the European Consumer Retailing industry average (0.4x).

Price to Sales Ratio vs Fair Ratio

What is B4BD'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.

B4BD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.05x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate B4BD's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.