DF Deutsche Forfait Valuation

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

0RHB (€1.68) is trading below our estimate of [[fair value]] (€8.04)

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

Below Fair Value: 0RHB (€1.68) is trading below our estimate of fair value (€8.04)

Significantly Below Fair Value: 0RHB is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As 0RHB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0RHB. This is calculated by dividing 0RHB's market cap by their current earnings.
What is 0RHB's PE Ratio?
PE Ratio	15.3x
Earnings	€1.19m
Market Cap	€18.19m

0RHB 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	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 0RHB's PE Ratio compare to its peers?

The above table shows the PE ratio for 0RHB 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	13x
ORCH Orchard Funding Group	3.6x	n/a	UK£5.4m
TRU TruFin	29.4x	n/a	UK£73.0m
TIME Time Finance	11.7x	14.9%	UK£52.1m
DFCH Distribution Finance Capital Holdings	7.4x	n/a	UK£56.5m
0RHB DF Deutsche Forfait	15.3x	n/a	€18.2m

Price-To-Earnings vs Peers: 0RHB is expensive based on its Price-To-Earnings Ratio (15.3x) compared to the peer average (12.1x).

Price to Earnings Ratio vs Industry

How does 0RHB's PE Ratio compare vs other companies in the GB Diversified Financial Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
NBS Nationwide Building Society	0.9x	n/a	US$1.53b

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 0RHB is expensive based on its Price-To-Earnings Ratio (15.3x) compared to the UK Diversified Financial industry average (13.4x).

Price to Earnings Ratio vs Fair Ratio

What is 0RHB'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.

0RHB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	15.3x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 0RHB'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.

Discover undervalued companies

ASA International Group

UK£64.5m

Provides microfinancing services in Africa and Asia.

ASAI

UK£0.65

-7.9%

76.7%

HAL Trust

€10.3b

Operates through multi-sectors in Europe, the United States, Canada, Asia, and internationally.

0K9V

€114.20

0.7%

3.0%

Man Group

UK£2.4b

Man Group Limited is a publicly owned investment manager.

EMGL

UK£2.07

2.4%

-2.2%