Flow Traders Ltd.

BATS-CHIXE:FLOWA Stock Report

Market Cap: €910.2m

Flow Traders Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: FLOWA (€21.66) is trading below our estimate of fair value (€35.88)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FLOWA. This is calculated by dividing FLOWA's market cap by their current earnings.
What is FLOWA's PE Ratio?
PE Ratio12.7x
Earnings€71.65m
Market Cap€910.23m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FLOWA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.8x
CMCX CMC Markets
19.3x15.0%UK£904.8m
PLUS Plus500
8.2x-0.09%UK£1.8b
TCAP TP ICAP Group
19.5x21.5%UK£1.9b
FRP FRP Advisory Group
16.2x4.6%UK£355.4m
FLOWA Flow Traders
12.7x10.2%€910.2m

Price-To-Earnings vs Peers: FLOWA is good value based on its Price-To-Earnings Ratio (12.7x) compared to the peer average (15.8x).

Price to Earnings Ratio vs Industry

How does FLOWA's PE Ratio compare vs other companies in the GB Capital Markets Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PNIX Phoenix Digital Assets
1.1xn/aUS$32.25m
IX. i(x) Net Zero
0.1xn/aUS$8.94m
APQ APQ Global
0.4xn/aUS$5.78m
No more companies available in this PE range
No. of Companies16PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FLOWA is expensive based on its Price-To-Earnings Ratio (12.7x) compared to the UK Capital Markets industry average (12.2x).

Price to Earnings Ratio vs Fair Ratio

What is FLOWA'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.

FLOWA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FLOWA's Price-To-Earnings 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?

The above table shows the analyst FLOWA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€20.43
0%
17.5%€23.40€14.30n/a4
Nov ’25€20.82
€18.33
-12.0%
16.8%€22.00€14.30n/a4
Oct ’25n/a
€16.76
0%
11.0%€19.50€14.30n/a4
Sep ’25n/a
€16.76
0%
11.0%€19.50€14.30n/a4
Aug ’25€15.27
€17.39
+13.9%
11.9%€19.50€14.30n/a4
Jul ’25€18.80
€18.98
+1.0%
3.4%€19.50€17.92n/a4
Jun ’25€20.42
€18.68
-8.5%
4.4%€19.50€17.50n/a5
May ’25€19.66
€18.38
-6.5%
4.0%€19.50€17.50n/a5
Apr ’25€18.37
€18.32
-0.3%
3.8%€19.50€17.50n/a6
Mar ’25n/a
€18.32
0%
3.8%€19.50€17.50n/a6
Feb ’25n/a
€19.12
0%
4.4%€20.00€17.92n/a6
Jan ’25n/a
€18.91
0%
5.0%€20.00€17.50n/a6
Dec ’24n/a
€18.91
0%
5.0%€20.00€17.50n/a6
Nov ’24€17.51
€19.08
+9.0%
5.2%€20.00€17.50€20.826
Oct ’24€17.72
€21.73
+22.6%
16.0%€28.70€17.92n/a6
Sep ’24n/a
€21.73
0%
16.0%€28.70€17.92n/a6
Aug ’24€19.59
€21.73
+10.9%
16.0%€28.70€17.92€15.276
Jul ’24€19.90
€26.11
+31.2%
21.9%€34.00€17.92€18.804
Jun ’24€21.56
€26.11
+21.1%
21.9%€34.00€17.92€20.424
May ’24€22.64
€26.11
+15.3%
21.9%€34.00€17.92€19.664
Apr ’24€26.68
€26.11
-2.2%
21.9%€34.00€17.92€18.374
Mar ’24€22.90
€25.11
+9.6%
17.7%€30.00€17.92n/a4
Feb ’24€23.74
€24.36
+2.6%
18.0%€30.00€17.92n/a4
Jan ’24€21.92
€22.96
+4.7%
13.0%€25.40€17.92n/a4
Dec ’23€22.56
€22.96
+1.8%
13.0%€25.40€17.92n/a4
Nov ’23€24.34
€25.36
+4.2%
21.7%€35.00€17.92€17.515

Analyst Forecast: Target price is lower than the current share price.

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