Tamburi Investment Partners Valuation

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

TIPM (€8.35) is trading above our estimate of [[fair value]] (€3.6)

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: TIPM (€8.35) is trading above our estimate of fair value (€3.6)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TIPM. This is calculated by dividing TIPM's market cap by their current earnings.
What is TIPM's PE Ratio?
PE Ratio	17.7x
Earnings	€79.43m
Market Cap	€1.40b

TIPM 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	1521.9x
Enterprise Value/EBITDA	-61.6x
PEG Ratio	-8.9x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TIPM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	15.5x
CLDN Caledonia Investments	17.1x	n/a	UK£1.8b
OCI Oakley Capital Investments	9.7x	n/a	UK£853.9m
HICL HICL Infrastructure	23x	n/a	UK£2.4b
ASHM Ashmore Group	12.2x	-4.9%	UK£1.1b
TIPM Tamburi Investment Partners	17.7x	-2.0%	€1.4b

Price-To-Earnings vs Peers: TIPM is expensive based on its Price-To-Earnings Ratio (17.7x) compared to the peer average (15.5x).

Price to Earnings Ratio vs Industry

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

4 Companies	Price / Earnings	Estimated Growth	Market Cap
PNIX Phoenix Digital Assets	1.3x	n/a	US$37.13m
IX. i(x) Net Zero	0.1x	n/a	US$8.94m
APQ APQ Global	0.5x	n/a	US$6.51m
MAFL Mineral & Financial Investments	2.1x	n/a	US$5.44m

No more companies available in this PE range

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: TIPM is expensive based on its Price-To-Earnings Ratio (17.7x) compared to the UK Capital Markets industry average (12.2x).

Price to Earnings Ratio vs Fair Ratio

What is TIPM'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.

TIPM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	17.7x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TIPM'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 TIPM forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	€8.35	€12.78 +53.0%	4.0%	€13.40	€12.00	n/a	4
Dec ’25	€8.42	€12.78 +51.7%	4.0%	€13.40	€12.00	n/a	4
Nov ’25	n/a	€12.63 0%	4.1%	€13.40	€12.00	n/a	4
Oct ’25	n/a	€12.63 0%	4.1%	€13.40	€12.00	n/a	4
Sep ’25	n/a	€12.78 0%	2.9%	€13.40	€12.40	n/a	4
Aug ’25	n/a	€12.78 0%	2.9%	€13.40	€12.40	n/a	4
Jul ’25	n/a	€12.78 0%	2.9%	€13.40	€12.40	n/a	4
Jun ’25	n/a	€12.60 0%	3.7%	€13.40	€12.30	n/a	4
May ’25	n/a	€12.60 0%	3.7%	€13.40	€12.30	n/a	4
Apr ’25	n/a	€12.60 0%	3.7%	€13.40	€12.30	n/a	4
Mar ’25	n/a	€12.33 0%	1.2%	€12.50	€12.10	n/a	4
Feb ’25	n/a	€12.33 0%	1.2%	€12.50	€12.10	n/a	4
Jan ’25	n/a	€12.33 0%	1.2%	€12.50	€12.10	n/a	4
Dec ’24	n/a	€12.33 0%	1.2%	€12.50	€12.10	€8.42	4
Nov ’24	n/a	€12.33 0%	1.2%	€12.50	€12.10	n/a	4
Oct ’24	n/a	€12.33 0%	3.1%	€12.80	€11.65	n/a	5
Sep ’24	n/a	€12.50 0%	1.5%	€12.80	€12.30	n/a	4
Aug ’24	n/a	€12.50 0%	1.5%	€12.80	€12.30	n/a	4
Jul ’24	€9.17	€12.50 +36.3%	1.5%	€12.80	€12.30	n/a	4
Jun ’24	n/a	€12.48 0%	1.2%	€12.70	€12.30	n/a	4
May ’24	n/a	€12.05 0%	3.6%	€12.40	€11.30	n/a	4
Apr ’24	n/a	€11.79 0%	5.5%	€12.40	€10.75	n/a	5
Mar ’24	n/a	€11.29 0%	6.0%	€12.30	€10.40	n/a	5
Feb ’24	n/a	€11.29 0%	6.0%	€12.30	€10.40	n/a	5
Jan ’24	n/a	€11.29 0%	6.0%	€12.30	€10.40	n/a	5
Dec ’23	€7.59	€11.29 +48.7%	6.0%	€12.30	€10.40	n/a	5

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.