We’ve recently updated our valuation analysis.

A.G. BARR Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

BAG 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/Revenue1.7x
Enterprise Value/EBITDA9.8x
PEG Ratio6.7x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BAG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average20.5x
FEVR Fevertree Drinks
35.8x15.9%UK£1.4b
BVIC Britvic
14.9x3.0%UK£2.1b
CCH Coca-Cola HBC
18.7x24.3%UK£7.5b
CCR C&C Group
12.6x11.0%UK£707.3m
BAG A.G. BARR
16.2x2.4%UK£562.9m

Price-To-Earnings vs Peers: BAG is good value based on its Price-To-Earnings Ratio (16.2x) compared to the peer average (20.5x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.5%
n/an/an/a

Price-To-Earnings vs Industry: BAG is good value based on its Price-To-Earnings Ratio (16.2x) compared to the European Beverage industry average (16.5x)


Price to Earnings Ratio vs Fair Ratio

What is BAG'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.

BAG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.2x
Fair PE Ratio10.4x

Price-To-Earnings vs Fair Ratio: BAG is expensive based on its Price-To-Earnings Ratio (16.2x) compared to the estimated Fair Price-To-Earnings Ratio (10.4x).


Share Price vs Fair Value

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

Below Fair Value: BAG (£5.06) is trading below our estimate of fair value (£5.38)

Significantly Below Fair Value: BAG is trading below fair value, but not by a significant amount.


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 BAG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£5.06
UK£5.77
+14.0%
9.0%UK£6.65UK£5.17n/a6
Nov ’23UK£4.49
UK£5.77
+28.7%
9.0%UK£6.65UK£5.17n/a6
Oct ’23UK£4.56
UK£5.97
+31.1%
9.7%UK£6.65UK£5.17n/a6
Sep ’23UK£4.96
UK£6.23
+25.6%
8.9%UK£6.90UK£5.17n/a6
Aug ’23UK£5.43
UK£6.25
+15.0%
9.0%UK£6.90UK£5.17n/a6
Jul ’23UK£5.20
UK£6.25
+20.1%
9.0%UK£6.90UK£5.17n/a6
Jun ’23UK£5.34
UK£6.25
+16.9%
9.0%UK£6.90UK£5.17n/a6
May ’23UK£5.81
UK£6.25
+7.5%
9.0%UK£6.90UK£5.17n/a6
Apr ’23UK£5.39
UK£6.02
+11.8%
9.3%UK£6.90UK£5.17n/a7
Mar ’23UK£5.06
UK£6.02
+19.1%
9.3%UK£6.90UK£5.17n/a7
Feb ’23UK£5.00
UK£6.00
+20.0%
10.0%UK£6.90UK£5.00n/a7
Jan ’23UK£5.18
UK£5.96
+15.0%
10.2%UK£6.90UK£5.00n/a7
Dec ’22UK£5.23
UK£6.10
+16.6%
7.8%UK£6.80UK£5.50n/a6
Nov ’22UK£4.98
UK£6.00
+20.5%
6.6%UK£6.55UK£5.50UK£4.496
Oct ’22UK£5.29
UK£5.80
+9.6%
11.9%UK£6.55UK£4.50UK£4.566
Sep ’22UK£5.58
UK£5.80
+3.9%
12.0%UK£6.50UK£4.50UK£4.965
Aug ’22UK£5.75
UK£5.56
-3.3%
11.1%UK£6.25UK£4.50UK£5.435
Jul ’22UK£5.16
UK£5.51
+6.8%
10.9%UK£6.25UK£4.50UK£5.206
Jun ’22UK£5.35
UK£5.44
+1.6%
10.7%UK£6.25UK£4.50UK£5.347
May ’22UK£5.08
UK£5.37
+5.6%
11.1%UK£6.25UK£4.50UK£5.816
Apr ’22UK£4.95
UK£5.37
+8.4%
11.1%UK£6.25UK£4.50UK£5.396
Mar ’22UK£5.01
UK£5.32
+6.1%
10.2%UK£6.25UK£4.50UK£5.066
Feb ’22UK£4.94
UK£5.32
+7.7%
10.2%UK£6.25UK£4.50UK£5.006
Jan ’22UK£5.19
UK£4.95
-4.6%
12.9%UK£6.25UK£4.30UK£5.187
Dec ’21UK£5.24
UK£4.95
-5.5%
12.9%UK£6.25UK£4.30UK£5.237
Nov ’21UK£4.72
UK£4.95
+5.0%
12.9%UK£6.25UK£4.30UK£4.987

Analyst Forecast: Target price is less than 20% higher than the current share price.


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