Van Lanschot Kempen NV

BATS-CHIXE:VLKA Stock Report

Market Cap: €1.9b

Van Lanschot Kempen Valuation

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

Below Fair Value: VLKA (€44.1) is trading above our estimate of fair value (€40.9)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for VLKA. This is calculated by dividing VLKA's market cap by their current earnings.
What is VLKA's PE Ratio?
PE Ratio13.6x
Earnings€138.87m
Market Cap€1.89b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for VLKA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32.7x
N91 Ninety One Group
8.9x2.0%UK£1.5b
RAT Rathbones Group
28.1x33.5%UK£1.8b
JTC JTC
54.8x29.0%UK£1.6b
QLT Quilter
38.9x36.6%UK£1.9b
VLKA Van Lanschot Kempen
13.6x6.9%€1.9b

Price-To-Earnings vs Peers: VLKA is good value based on its Price-To-Earnings Ratio (13.6x) compared to the peer average (32.5x).

Price to Earnings Ratio vs Industry

How does VLKA'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: VLKA is expensive based on its Price-To-Earnings Ratio (13.6x) compared to the UK Capital Markets industry average (12.2x).

Price to Earnings Ratio vs Fair Ratio

What is VLKA'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.

VLKA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.6x
Fair PE Ration/a

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

Analyst Forecast: Insufficient data to show price forecast.

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