FDM Group (Holdings) plc

BATS-CHIXE:FDMl Stock Report

Market Cap: UK£354.6m

FDM Group (Holdings) Valuation

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

Below Fair Value: FDMl (£3.21) is trading below our estimate of fair value (£3.29)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FDMl. This is calculated by dividing FDMl's market cap by their current earnings.
What is FDMl's PE Ratio?
PE Ratio11.7x
EarningsUK£30.43m
Market CapUK£354.59m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FDMl vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.3x
ECK Eckoh
33.5x8.7%UK£152.5m
CLBS Celebrus Technologies
29.8x10.3%UK£120.2m
KNOS Kainos Group
20.1x1.7%UK£1.0b
SPA 1Spatial
49.7x42.6%UK£74.5m
FDMl FDM Group (Holdings)
11.7x-5.9%UK£354.6m

Price-To-Earnings vs Peers: FDMl is good value based on its Price-To-Earnings Ratio (11.7x) compared to the peer average (33.3x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies22PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FDMl is good value based on its Price-To-Earnings Ratio (11.7x) compared to the European IT industry average (17.9x).

Price to Earnings Ratio vs Fair Ratio

What is FDMl'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.

FDMl PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.7x
Fair PE Ratio26.7x

Price-To-Earnings vs Fair Ratio: FDMl is good value based on its Price-To-Earnings Ratio (11.7x) compared to the estimated Fair Price-To-Earnings Ratio (26.7x).

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 FDMl forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£3.21
UK£4.88
+52.1%
17.9%UK£6.00UK£3.60n/a6
Nov ’25UK£3.62
UK£5.12
+41.3%
16.4%UK£6.15UK£3.90n/a6
Oct ’25UK£3.85
UK£5.12
+32.9%
16.4%UK£6.15UK£3.90n/a6
Sep ’25UK£4.13
UK£4.87
+18.0%
20.3%UK£6.15UK£3.37n/a7
Aug ’25UK£4.25
UK£4.87
+14.5%
20.3%UK£6.15UK£3.37n/a7
Jul ’25UK£4.07
UK£4.66
+14.6%
22.6%UK£6.00UK£3.37n/a7
Jun ’25UK£4.50
UK£4.44
-1.3%
21.9%UK£5.75UK£3.37n/a6
May ’25UK£3.48
UK£4.44
+27.7%
21.9%UK£5.75UK£3.37n/a6
Apr ’25UK£3.42
UK£4.44
+29.7%
21.9%UK£5.75UK£3.37n/a6
Mar ’25UK£4.19
UK£5.64
+34.7%
19.1%UK£7.20UK£4.30n/a6
Feb ’25UK£4.56
UK£5.64
+23.7%
19.1%UK£7.20UK£4.30n/a6
Jan ’25UK£4.61
UK£6.08
+31.9%
20.6%UK£7.75UK£4.30n/a6
Dec ’24UK£3.93
UK£6.08
+54.7%
20.6%UK£7.75UK£4.30n/a6
Nov ’24UK£4.24
UK£7.87
+85.6%
14.3%UK£10.00UK£6.70UK£3.626
Oct ’24UK£5.20
UK£7.87
+51.3%
14.3%UK£10.00UK£6.70UK£3.856
Sep ’24UK£5.70
UK£7.87
+38.1%
14.3%UK£10.00UK£6.70UK£4.136
Aug ’24UK£5.37
UK£8.10
+50.9%
13.1%UK£10.00UK£6.70UK£4.256
Jul ’24UK£5.61
UK£9.21
+64.2%
17.8%UK£12.00UK£7.00UK£4.075
Jun ’24UK£6.90
UK£9.71
+40.7%
20.1%UK£12.50UK£7.00UK£4.506
May ’24UK£6.72
UK£10.91
+62.3%
15.8%UK£14.00UK£9.40UK£3.486
Apr ’24UK£7.21
UK£10.91
+51.3%
15.8%UK£14.00UK£9.40UK£3.426
Mar ’24UK£8.47
UK£11.28
+33.1%
14.7%UK£14.00UK£9.55UK£4.196
Feb ’24UK£8.04
UK£11.28
+40.2%
14.7%UK£14.00UK£9.55UK£4.566
Jan ’24UK£7.53
UK£11.38
+51.2%
13.8%UK£14.00UK£9.55UK£4.616
Dec ’23UK£7.60
UK£11.38
+49.8%
13.8%UK£14.00UK£9.55UK£3.936
Nov ’23UK£6.44
UK£11.38
+76.8%
13.8%UK£14.00UK£9.55UK£4.246

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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