Computacenter plc

LSE:CCC Stock Report

Market Cap: UK£2.3b

Computacenter Valuation

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

Below Fair Value: CCC (£22.2) is trading below our estimate of fair value (£31.33)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CCC. This is calculated by dividing CCC's market cap by their current earnings.
What is CCC's PE Ratio?
PE Ratio13.6x
EarningsUK£170.20m
Market CapUK£2.31b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CCC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.2x
SCT Softcat
27.1x8.8%UK£3.2b
KNOS Kainos Group
20.1x1.7%UK£1.1b
FDM FDM Group (Holdings)
11.7x-5.9%UK£351.3m
ECK Eckoh
33.7x8.7%UK£153.0m
CCC Computacenter
13.7x7.0%UK£2.3b

Price-To-Earnings vs Peers: CCC is good value based on its Price-To-Earnings Ratio (13.7x) compared to the peer average (23.2x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
CCC 13.6xIndustry Avg. 18.3xNo. of Companies20PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CCC is good value based on its Price-To-Earnings Ratio (13.7x) compared to the European IT industry average (18.3x).

Price to Earnings Ratio vs Fair Ratio

What is CCC'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.

CCC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.6x
Fair PE Ratio38.8x

Price-To-Earnings vs Fair Ratio: CCC is good value based on its Price-To-Earnings Ratio (13.7x) compared to the estimated Fair Price-To-Earnings Ratio (38.8x).

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 CCC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£22.20
UK£29.64
+33.5%
12.6%UK£34.00UK£21.50n/a11
Nov ’25UK£21.78
UK£29.64
+36.1%
12.6%UK£34.00UK£21.50n/a11
Oct ’25UK£24.72
UK£31.27
+26.5%
10.4%UK£36.00UK£25.00n/a11
Sep ’25UK£27.26
UK£31.71
+16.3%
11.7%UK£38.00UK£25.00n/a11
Aug ’25UK£26.66
UK£31.71
+19.0%
11.7%UK£38.00UK£25.00n/a11
Jul ’25UK£29.14
UK£32.20
+10.5%
11.4%UK£39.00UK£25.50n/a11
Jun ’25UK£28.14
UK£32.29
+14.7%
10.9%UK£39.00UK£26.00n/a11
May ’25UK£25.40
UK£32.29
+27.1%
10.9%UK£39.00UK£26.00n/a11
Apr ’25UK£26.96
UK£31.70
+17.6%
7.0%UK£33.90UK£26.50n/a12
Mar ’25UK£29.10
UK£31.63
+8.7%
6.2%UK£33.50UK£26.50n/a11
Feb ’25UK£29.10
UK£30.86
+6.1%
8.2%UK£33.00UK£26.00n/a10
Jan ’25UK£27.92
UK£29.99
+7.4%
8.9%UK£33.00UK£25.50n/a10
Dec ’24UK£27.14
UK£29.89
+10.1%
8.6%UK£33.00UK£25.50n/a10
Nov ’24UK£25.88
UK£29.65
+14.6%
8.8%UK£33.00UK£25.50UK£21.789
Oct ’24UK£25.30
UK£29.41
+16.2%
10.2%UK£33.00UK£23.85UK£24.729
Sep ’24UK£21.76
UK£26.65
+22.5%
7.9%UK£30.73UK£23.85UK£27.269
Aug ’24UK£21.78
UK£26.34
+20.9%
8.4%UK£30.73UK£23.50UK£26.6610
Jul ’24UK£22.90
UK£26.54
+15.9%
7.9%UK£30.73UK£23.85UK£29.149
Jun ’24UK£23.16
UK£26.74
+15.4%
7.8%UK£30.73UK£23.85UK£28.1410
May ’24UK£22.96
UK£26.74
+16.5%
7.8%UK£30.73UK£23.85UK£25.4010
Apr ’24UK£21.38
UK£26.65
+24.6%
8.4%UK£30.37UK£23.60UK£26.969
Mar ’24UK£22.74
UK£26.81
+17.9%
8.6%UK£30.37UK£23.60UK£29.109
Feb ’24UK£22.14
UK£26.63
+20.3%
7.8%UK£29.00UK£23.60UK£29.109
Jan ’24UK£19.11
UK£26.61
+39.2%
7.0%UK£29.00UK£23.85UK£27.929
Dec ’23UK£20.44
UK£26.60
+30.2%
7.0%UK£29.00UK£23.85UK£27.149
Nov ’23UK£18.59
UK£26.84
+44.4%
10.0%UK£32.50UK£23.85UK£25.888

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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