Bell Food Group Valuation

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

BELLZ (CHF264.25) is trading below our estimate of [[fair value]] (CHF1588.14)

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: BELLZ (CHF264.25) is trading below our estimate of fair value (CHF1588.14)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BELLZ. This is calculated by dividing BELLZ's market cap by their current earnings.
What is BELLZ's PE Ratio?
PE Ratio	12.9x
Earnings	CHF 128.30m
Market Cap	CHF 1.66b

BELLZ 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	0.6x
Enterprise Value/EBITDA	7.7x
PEG Ratio	-18.5x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BELLZ 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	16.4x
PFD Premier Foods	14.3x	6.3%	UK£1.6b
HFG Hilton Food Group	17.9x	10.5%	UK£828.8m
TATE Tate & Lyle	21.4x	19.3%	UK£3.3b
BAKK Bakkavor Group	11.9x	11.2%	UK£760.5m
BELLZ Bell Food Group	12.9x	-0.7%	CHF 1.7b

Price-To-Earnings vs Peers: BELLZ is good value based on its Price-To-Earnings Ratio (12.9x) compared to the peer average (16.4x).

Price to Earnings Ratio vs Industry

How does BELLZ's PE Ratio compare vs other companies in the European Food Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: BELLZ is good value based on its Price-To-Earnings Ratio (12.9x) compared to the European Food industry average (13.4x).

Price to Earnings Ratio vs Fair Ratio

What is BELLZ'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.

BELLZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	12.9x
Fair PE Ratio	13.9x

Price-To-Earnings vs Fair Ratio: BELLZ is good value based on its Price-To-Earnings Ratio (12.9x) compared to the estimated Fair Price-To-Earnings Ratio (13.9x).

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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