Exclusive Networks SA

BATS-CHIXE:EXNP Stock Report

Market Cap: €2.2b

Exclusive Networks Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: EXNP (€24.05) is trading above our estimate of fair value (€20.1)

Significantly Below Fair Value: EXNP is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for EXNP. This is calculated by dividing EXNP's market cap by their current earnings.
What is EXNP's PE Ratio?
PE Ratio53x
Earnings€41.00m
Market Cap€2.18b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for EXNP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.6x
CCC Computacenter
13.6x7.0%UK£2.3b
SCT Softcat
26.6x8.6%UK£3.2b
KNOS Kainos Group
18.6x1.7%UK£967.3m
FDM FDM Group (Holdings)
11.7x-7.3%UK£355.1m
EXNP Exclusive Networks
53x34.5%€2.2b

Price-To-Earnings vs Peers: EXNP is expensive based on its Price-To-Earnings Ratio (53x) compared to the peer average (17.6x).

Price to Earnings Ratio vs Industry

How does EXNP's PE Ratio compare vs other companies in the European IT Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies25PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EXNP is expensive based on its Price-To-Earnings Ratio (53x) compared to the European IT industry average (17.7x).

Price to Earnings Ratio vs Fair Ratio

What is EXNP'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.

EXNP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio53x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate EXNP'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 EXNP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€24.05
€25.11
+4.4%
7.8%€29.00€24.00n/a5
Nov ’25€23.65
€25.25
+6.8%
7.6%€29.00€24.00n/a5
Oct ’25n/a
€25.22
0%
6.9%€29.00€24.00n/a6
Sep ’25n/a
€25.33
0%
6.5%€29.00€24.00n/a7
Aug ’25n/a
€24.61
0%
11.2%€29.00€19.00n/a7
Jul ’25n/a
€24.39
0%
12.1%€29.00€19.00n/a9
Jun ’25n/a
€24.39
0%
12.1%€29.00€19.00n/a9
May ’25n/a
€24.31
0%
12.8%€29.00€19.00n/a8
Apr ’25n/a
€23.81
0%
14.2%€29.00€18.00n/a8
Mar ’25n/a
€23.06
0%
11.8%€25.00€18.00n/a8
Feb ’25n/a
€22.94
0%
11.6%€25.00€18.00n/a8
Jan ’25n/a
€22.88
0%
11.4%€25.00€18.00n/a8
Dec ’24n/a
€23.43
0%
8.8%€25.00€19.00n/a7
Nov ’24n/a
€24.33
0%
5.1%€26.00€22.00€23.656
Oct ’24n/a
€24.50
0%
5.1%€26.00€22.00n/a6
Sep ’24n/a
€24.50
0%
5.1%€26.00€22.00n/a6
Aug ’24n/a
€24.75
0%
6.6%€27.50€22.00n/a6
Jul ’24€19.74
€24.08
+22.0%
8.8%€27.50€21.00n/a6
Jun ’24€19.54
€24.08
+23.3%
8.8%€27.50€21.00n/a6
May ’24€19.64
€24.08
+22.6%
8.8%€27.50€21.00n/a6
Apr ’24€19.58
€24.00
+22.6%
8.8%€27.50€21.00n/a6
Mar ’24€20.30
€23.75
+17.0%
9.2%€27.50€21.00n/a6
Feb ’24€19.00
€22.58
+18.9%
7.4%€24.50€20.00n/a6
Jan ’24€18.20
€22.58
+24.1%
7.4%€24.50€20.00n/a6
Dec ’23€16.92
€22.33
+32.0%
7.9%€24.50€20.00n/a6
Nov ’23€16.22
€22.25
+37.2%
7.5%€24.50€20.00n/a6

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

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