TFF Group

LSE:0IH4 Stock Report

Market Cap: €687.3m

TFF Group Valuation

Is 0IH4 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 0IH4 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0IH4 (€31.2) is trading below our estimate of fair value (€64.74)

Significantly Below Fair Value: 0IH4 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0IH4?

Key metric: As 0IH4 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0IH4. This is calculated by dividing 0IH4's market cap by their current earnings.
What is 0IH4's PE Ratio?
PE Ratio12.2x
Earnings€56.45m
Market Cap€687.26m

Price to Earnings Ratio vs Peers

How does 0IH4's PE Ratio compare to its peers?

The above table shows the PE ratio for 0IH4 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.2x
SMDS DS Smith
21.3x8.8%UK£8.2b
RBN Robinson
32.5x74.1%UK£17.6m
MSLH Marshalls
38x28.1%UK£820.0m
VCT Victrex
24.9x37.8%UK£763.5m
0IH4 TFF Group
12.2x6.4%€687.3m

Price-To-Earnings vs Peers: 0IH4 is good value based on its Price-To-Earnings Ratio (12.2x) compared to the peer average (29.2x).

Price to Earnings Ratio vs Industry

How does 0IH4's PE Ratio compare vs other companies in the European Packaging Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
0IH4 12.2xIndustry Avg. 18.6xNo. of Companies6PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0IH4 is good value based on its Price-To-Earnings Ratio (12.2x) compared to the European Packaging industry average (18.6x).

Price to Earnings Ratio vs Fair Ratio

What is 0IH4'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.

0IH4 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.2x
Fair PE Ratio12.8x

Price-To-Earnings vs Fair Ratio: 0IH4 is good value based on its Price-To-Earnings Ratio (12.2x) compared to the estimated Fair Price-To-Earnings Ratio (12.8x).

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 0IH4 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€31.20
€45.32
+45.3%
5.5%€48.80€41.00n/a5
Nov ’25€29.70
€45.32
+52.6%
5.5%€48.80€41.00n/a5
Oct ’25€31.60
€45.52
+44.1%
4.8%€48.80€42.00n/a5
Sep ’25€38.40
€50.26
+30.9%
9.4%€55.00€42.00n/a5
Aug ’25€38.20
€50.26
+31.6%
9.4%€55.00€42.00n/a5
Jul ’25€41.60
€53.48
+28.6%
5.8%€57.00€48.00n/a5
Jun ’25€42.50
€53.48
+25.8%
5.8%€57.00€48.00n/a5
May ’25€43.04
€52.60
+22.2%
5.4%€55.00€48.00n/a4
Apr ’25€43.00
€52.60
+22.3%
5.4%€55.00€48.00n/a4
Mar ’25€45.90
€52.60
+14.6%
5.4%€55.00€48.00n/a4
Feb ’25€44.00
€52.35
+19.0%
6.2%€55.00€47.00n/a4
Jan ’25€44.90
€51.00
+13.6%
6.2%€55.00€47.00n/a4
Dec ’24€42.20
€51.00
+20.9%
6.2%€55.00€47.00n/a4
Nov ’24€41.70
€50.83
+21.9%
6.5%€55.00€47.00€29.704
Oct ’24€42.70
€50.83
+19.0%
6.5%€55.00€47.00€31.604
Sep ’24€42.60
€50.33
+18.1%
7.8%€55.00€45.00€38.404
Aug ’24€44.10
€50.33
+14.1%
7.8%€55.00€45.00€38.204
Jul ’24€41.00
€47.88
+16.8%
6.5%€53.00€45.00€41.604
Jun ’24€39.00
€47.88
+22.8%
6.5%€53.00€45.00€42.504
May ’24€41.30
€47.68
+15.4%
6.6%€53.00€45.00€43.044
Apr ’24€40.40
€47.68
+18.0%
6.6%€53.00€45.00€43.004
Mar ’24€40.87
€44.63
+9.2%
6.0%€47.00€40.90€45.903
Feb ’24€40.33
€44.63
+10.7%
6.0%€47.00€40.90€44.003
Jan ’24€40.80
€43.13
+5.7%
4.4%€45.50€40.90€44.903
Dec ’23€36.60
€43.13
+17.9%
4.4%€45.50€40.90€42.203
Nov ’23€36.00
€43.13
+19.8%
4.4%€45.50€40.90€41.703

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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