Davide Campari-Milano N.V.

BATS-CHIXE:CPRM Stock Report

Market Cap: €6.9b

Davide Campari-Milano Valuation

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

Below Fair Value: CPRM (€5.74) is trading below our estimate of fair value (€7.72)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CPRM. This is calculated by dividing CPRM's market cap by their current earnings.
What is CPRM's PE Ratio?
PE Ratio22.4x
Earnings€308.30m
Market Cap€6.91b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CPRM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.8x
DGE Diageo
17.1x3.9%UK£52.3b
BVIC Britvic
25.2x17.4%UK£3.2b
CCH Coca-Cola HBC
19.6x11.9%UK£10.3b
TATE Tate & Lyle
21.1x19.3%UK£3.3b
CPRM Davide Campari-Milano
22.4x15.7%€6.9b

Price-To-Earnings vs Peers: CPRM is expensive based on its Price-To-Earnings Ratio (22.4x) compared to the peer average (20.8x).

Price to Earnings Ratio vs Industry

How does CPRM's PE Ratio compare vs other companies in the European Beverage Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies7PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CPRM is expensive based on its Price-To-Earnings Ratio (22.4x) compared to the European Beverage industry average (17x).

Price to Earnings Ratio vs Fair Ratio

What is CPRM'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.

CPRM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CPRM'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 CPRM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.74
€8.05
+40.3%
17.4%€10.80€5.00n/a21
Nov ’25€6.24
€8.19
+31.4%
15.5%€10.80€6.00n/a21
Oct ’25€7.69
€9.54
+24.0%
13.2%€12.00€6.50n/a21
Sep ’25€8.53
€9.64
+13.0%
12.0%€12.00€7.70n/a21
Aug ’25€8.34
€9.71
+16.5%
12.5%€12.00€7.70n/a20
Jul ’25€8.71
€10.30
+18.2%
13.3%€12.80€7.80n/a20
Jun ’25€9.14
€10.30
+12.7%
13.3%€12.80€7.80n/a20
May ’25n/a
€10.28
0%
13.8%€13.50€7.80n/a20
Apr ’25€9.31
€10.33
+10.9%
11.7%€12.20€7.80n/a20
Mar ’25€9.80
€10.52
+7.4%
13.0%€13.50€7.80n/a21
Feb ’25n/a
€10.84
0%
13.0%€13.50€8.20n/a21
Jan ’25n/a
€11.36
0%
13.0%€13.50€8.30n/a21
Dec ’24€10.01
€11.45
+14.4%
12.7%€13.50€8.30n/a21
Nov ’24€10.47
€11.61
+10.8%
10.8%€13.50€8.75€6.2421
Oct ’24n/a
€12.30
0%
13.6%€14.30€8.10€7.6921
Sep ’24n/a
€12.25
0%
13.7%€14.30€8.10€8.5322
Aug ’24€12.21
€12.27
+0.5%
13.8%€14.30€8.10€8.3422
Jul ’24€12.56
€12.46
-0.8%
11.5%€14.30€9.00€8.7120
Jun ’24€12.39
€12.46
+0.5%
11.5%€14.30€9.00€9.1420
May ’24n/a
€11.73
0%
12.3%€14.00€8.30n/a20
Apr ’24n/a
€11.64
0%
12.1%€14.00€8.20€9.3120
Mar ’24n/a
€11.67
0%
12.1%€14.00€8.20€9.8021
Feb ’24€9.80
€11.36
+15.9%
13.5%€14.00€8.00n/a21
Jan ’24€9.68
€11.44
+18.3%
13.2%€15.00€8.00n/a21
Dec ’23€10.17
€11.40
+12.1%
13.5%€15.00€8.00€10.0121
Nov ’23€9.12
€11.52
+26.4%
13.7%€15.00€8.00€10.4721

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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