Iberpapel Gestión, S.A.

LSE:0ERM Stock Report

Market Cap: €199.4m

Iberpapel Gestión Valuation

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

Below Fair Value: 0ERM (€18.35) is trading below our estimate of fair value (€32.38)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for 0ERM. This is calculated by dividing 0ERM's market cap by their current earnings.
What is 0ERM's PE Ratio?
PE Ratio7.2x
Earnings€27.71m
Market Cap€199.41m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 0ERM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.9x
MNDI Mondi
16.2x15.8%UK£5.3b
ECOR Ecora Resources
10.3x14.9%UK£162.5m
JLP Jubilee Metals Group
32.3x84.0%UK£153.6m
ZTF Zotefoams
16.9xn/aUK£167.7m
0ERM Iberpapel Gestión
7.2x-3.4%€199.4m

Price-To-Earnings vs Peers: 0ERM is good value based on its Price-To-Earnings Ratio (7.2x) compared to the peer average (18.9x).

Price to Earnings Ratio vs Industry

How does 0ERM's PE Ratio compare vs other companies in the European Forestry Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0ERM 7.2xIndustry Avg. 10.1xNo. of Companies8PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0ERM is good value based on its Price-To-Earnings Ratio (7.2x) compared to the European Forestry industry average (10.1x).

Price to Earnings Ratio vs Fair Ratio

What is 0ERM'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.

0ERM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.2x
Fair PE Ratio8.9x

Price-To-Earnings vs Fair Ratio: 0ERM is good value based on its Price-To-Earnings Ratio (7.2x) compared to the estimated Fair Price-To-Earnings Ratio (8.9x).

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 0ERM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€18.35
€27.33
+48.9%
3.1%€28.19€26.47n/a2
Nov ’25€18.45
€27.33
+48.1%
3.1%€28.19€26.47n/a2
Oct ’25€17.80
€27.33
+53.5%
3.1%€28.19€26.47n/a2
Sep ’25€18.20
€27.33
+50.2%
3.1%€28.19€26.47n/a2
Aug ’25€18.95
€27.33
+44.2%
3.1%€28.19€26.47n/a2
Jul ’25€19.40
€27.33
+40.9%
3.1%€28.19€26.47n/a2
Jun ’25€18.92
€27.33
+44.4%
3.1%€28.19€26.47n/a2
May ’25€19.12
€27.33
+42.9%
3.1%€28.19€26.47n/a2
Apr ’25€18.38
€21.03
+14.4%
25.9%€26.47€15.59n/a2
Mar ’25€18.68
€20.05
+7.3%
22.2%€24.51€15.59n/a2
Feb ’25€17.50
€20.05
+14.6%
22.2%€24.51€15.59n/a2
Jan ’25€17.45
€20.05
+14.9%
22.2%€24.51€15.59n/a2
Dec ’24€18.14
€20.05
+10.5%
22.2%€24.51€15.59n/a2
Nov ’24€15.79
€20.05
+27.0%
22.2%€24.51€15.59€18.452
Oct ’24€15.98
€19.31
+20.9%
18.3%€22.84€15.78€17.802
Sep ’24€15.64
€19.31
+23.5%
18.3%€22.84€15.78€18.202
Aug ’24€15.59
€19.17
+23.0%
19.2%€22.84€15.49€18.952
Jul ’24n/a
€19.17
0%
19.2%€22.84€15.49€19.402
Jun ’24€15.88
€19.17
+20.7%
19.2%€22.84€15.49€18.922
May ’24€16.13
€19.17
+18.8%
19.2%€22.84€15.49€19.122
Apr ’24€16.03
€17.28
+7.8%
32.2%€22.84€11.72€18.382
Mar ’24n/a
€17.28
0%
32.2%€22.84€11.72€18.682
Feb ’24n/a
€17.28
0%
32.2%€22.84€11.72€17.502
Jan ’24n/a
€17.28
0%
32.2%€22.84€11.72€17.452
Dec ’23n/a
€17.28
0%
32.2%€22.84€11.72€18.142
Nov ’23n/a
€20.05
0%
29.9%€25.59€11.72€15.793

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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