Mayr-Melnhof Karton Valuation

Is 0NZ7 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 0NZ7 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0NZ7 (€69.55) is trading below our estimate of fair value (€234.06)

Significantly Below Fair Value: 0NZ7 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0NZ7?

Key metric: As 0NZ7 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0NZ7. This is calculated by dividing 0NZ7's market cap by their current earnings.
What is 0NZ7's PE Ratio?
PE Ratio28.8x
Earnings€48.09m
Market Cap€1.39b

Price to Earnings Ratio vs Peers

How does 0NZ7's PE Ratio compare to its peers?

The above table shows the PE ratio for 0NZ7 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29x
SMDS DS Smith
33.2x21.5%UK£7.4b
RBN Robinson
31.7x74.1%UK£17.2m
HOC Hochschild Mining
50.6x54.1%UK£1.2b
EVR EVRAZ
0.4xn/aUK£1.2b
0NZ7 Mayr-Melnhof Karton
28.8x57.9%€1.4b

Price-To-Earnings vs Peers: 0NZ7 is good value based on its Price-To-Earnings Ratio (28.8x) compared to the peer average (38.5x).


Price to Earnings Ratio vs Industry

How does 0NZ7's PE Ratio compare vs other companies in the European Packaging Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
0NZ7 28.8xIndustry Avg. 17.8xNo. of Companies6PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0NZ7 is expensive based on its Price-To-Earnings Ratio (28.8x) compared to the European Packaging industry average (17.8x).


Price to Earnings Ratio vs Fair Ratio

What is 0NZ7'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.

0NZ7 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.8x
Fair PE Ratio32.9x

Price-To-Earnings vs Fair Ratio: 0NZ7 is good value based on its Price-To-Earnings Ratio (28.8x) compared to the estimated Fair Price-To-Earnings Ratio (32.9x).


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 0NZ7 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€69.55
€106.25
+52.8%
8.2%€115.00€97.50n/a2
Dec ’25€71.50
€106.25
+48.6%
8.2%€115.00€97.50n/a2
Nov ’25€81.20
€116.75
+43.8%
16.5%€136.00€97.50n/a2
Oct ’25€89.80
€131.60
+46.5%
3.3%€136.00€127.20n/a2
Sep ’25€98.10
€131.60
+34.1%
3.3%€136.00€127.20n/a2
Aug ’25€105.40
€137.60
+30.6%
7.6%€148.00€127.20n/a2
Jul ’25€112.80
€137.60
+22.0%
7.6%€148.00€127.20n/a2
Jun ’25€114.40
€137.60
+20.3%
7.6%€148.00€127.20n/a2
May ’25€112.20
€137.60
+22.6%
7.6%€148.00€127.20n/a2
Apr ’25€115.40
€140.10
+21.4%
9.2%€153.00€127.20n/a2
Mar ’25€117.99
€151.90
+28.7%
5.3%€160.00€143.80n/a2
Feb ’25€122.00
€151.90
+24.5%
5.3%€160.00€143.80n/a2
Jan ’25€126.60
€151.90
+20.0%
5.3%€160.00€143.80n/a2
Dec ’24€112.79
€151.90
+34.7%
5.3%€160.00€143.80€71.502
Nov ’24€109.41
€156.90
+43.4%
8.3%€170.00€143.80€81.202
Oct ’24€128.18
€156.90
+22.4%
8.3%€170.00€143.80€89.802
Sep ’24€130.81
€156.90
+19.9%
8.3%€170.00€143.80€98.102
Aug ’24€139.53
€163.00
+16.8%
4.3%€170.00€156.00€105.402
Jul ’24€134.20
€163.00
+21.5%
4.3%€170.00€156.00€112.802
Jun ’24€136.20
€172.00
+26.3%
6.6%€180.00€156.00€114.403
May ’24€145.00
€169.00
+16.6%
6.6%€180.00€156.00€112.204
Apr ’24€153.00
€170.25
+11.3%
7.3%€185.00€156.00€115.404
Mar ’24€161.00
€174.00
+8.1%
7.2%€190.00€156.00€117.994
Feb ’24€155.25
€168.67
+8.6%
5.8%€180.00€156.00€122.003
Jan ’24€151.30
€168.67
+11.5%
5.8%€180.00€156.00€126.603
Dec ’23€162.38
€168.67
+3.9%
5.8%€180.00€156.00€112.793

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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