Metro Valuation

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

0RTF (€5.6) is trading above our estimate of [[fair value]] (€3.01)

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

Below Fair Value: 0RTF (€5.6) is trading above our estimate of fair value (€3.01)

Significantly Below Fair Value: 0RTF is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As 0RTF is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0RTF. This is calculated by dividing 0RTF's market cap by their current revenue.
What is 0RTF's PS Ratio?
PS Ratio	0.06x
Sales	€30.89b
Market Cap	€1.77b

0RTF 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	18x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for 0RTF 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
SBRY J Sainsbury	0.2x	1.9%	UK£5.9b
RFG Roebuck Food Group	0.3x	n/a	UK£8.3m
0RTF Metro	0.06x	2.8%	€1.8b

Price-To-Sales vs Peers: 0RTF 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 0RTF's PS Ratio compare vs other companies in the European Consumer Retailing Industry?

11 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	0.3x	2.7%
0RTF Metro	0.06x	2.8%	US$1.94b

11 Companies		Estimated Growth	Market Cap
Industry Avg.	0.3x	6.9%
0RTF Metro	0.06x	121.0%	US$1.94b

No more companies

Price-To-Sales vs Industry: 0RTF 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 0RTF'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.

0RTF PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.06x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 0RTF'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.