Amplifon Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: AMP (€24.4) is trading below our estimate of fair value (€32.23)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for AMP. This is calculated by dividing AMP's market cap by their current earnings.
What is AMP's PE Ratio?
PE Ratio35.3x
Earnings€155.88m
Market Cap€5.59b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AMP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.1x
DIA DiaSorin
28.1x13.7%€5.4b
874 Guangzhou Baiyunshan Pharmaceutical Holdings
8.1x-0.4%HK$47.3b
ELN EL.En
18.1x8.3%€944.8m
GHC Garofalo Health Care
22.3x11.0%€469.4m
AMP Amplifon
35.3x16.8%€5.6b

Price-To-Earnings vs Peers: AMP is expensive based on its Price-To-Earnings Ratio (35.3x) compared to the peer average (19.1x).


Price to Earnings Ratio vs Industry

How does AMP's PE Ratio compare vs other companies in the European Healthcare Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AMP 35.3xIndustry Avg. 18.5xNo. of Companies9PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AMP is expensive based on its Price-To-Earnings Ratio (35.3x) compared to the European Healthcare industry average (18.5x).


Price to Earnings Ratio vs Fair Ratio

What is AMP'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.

AMP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio35.3x
Fair PE Ratio26.2x

Price-To-Earnings vs Fair Ratio: AMP is expensive based on its Price-To-Earnings Ratio (35.3x) compared to the estimated Fair Price-To-Earnings Ratio (26.2x).


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 AMP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€24.40
€31.29
+28.2%
11.7%€38.00€23.50n/a16
Dec ’25€24.03
€32.22
+34.1%
9.5%€38.00€27.40n/a14
Nov ’25€25.88
€32.77
+26.6%
9.1%€38.00€27.40n/a14
Oct ’25€25.82
€33.86
+31.2%
8.5%€38.00€29.10n/a14
Sep ’25€29.13
€33.94
+16.5%
8.4%€38.00€29.10n/a14
Aug ’25€28.46
€34.41
+20.9%
7.9%€38.00€30.00n/a14
Jul ’25€33.22
€35.91
+8.1%
8.9%€42.00€30.90n/a14
Jun ’25€33.85
€35.91
+6.1%
8.9%€42.00€30.90n/a14
May ’25€31.43
€34.90
+11.0%
7.3%€40.00€29.80n/a14
Apr ’25€33.80
€34.71
+2.7%
9.5%€40.10€29.00n/a15
Mar ’25€31.39
€32.36
+3.1%
10.6%€38.00€24.00n/a15
Feb ’25€29.76
€32.36
+8.7%
10.6%€38.00€24.00n/a15
Jan ’25€31.34
€31.37
+0.1%
11.0%€37.00€24.00n/a15
Dec ’24€28.15
€31.17
+10.7%
10.2%€37.00€24.00€24.0315
Nov ’24€26.50
€31.40
+18.5%
10.1%€37.00€24.00€25.8815
Oct ’24€28.12
€33.86
+20.4%
7.7%€40.40€29.20€25.8214
Sep ’24€29.48
€33.72
+14.4%
8.4%€40.40€29.20€29.1314
Aug ’24€30.09
€33.72
+12.1%
8.4%€40.40€29.20€28.4614
Jul ’24€33.59
€34.03
+1.3%
11.2%€41.50€28.50€33.2214
Jun ’24€32.37
€33.46
+3.4%
14.5%€41.50€22.00€33.8514
May ’24€33.28
€30.02
-9.8%
12.3%€39.00€22.00€31.4313
Apr ’24€31.94
€28.96
-9.3%
9.4%€33.00€22.00€33.8014
Mar ’24€27.11
€28.35
+4.6%
9.2%€32.00€22.00€31.3914
Feb ’24€25.64
€28.73
+12.0%
9.8%€34.00€22.00€29.7614
Jan ’24€27.82
€30.43
+9.4%
8.9%€35.00€26.20€31.3413
Dec ’23€27.65
€30.59
+10.6%
9.0%€35.00€26.20€28.1512

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 18:58
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Amplifon S.p.A. is covered by 31 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Paola SagliettiBanca Akros S.p.A. (ESN)
Hassan Al-WakeelBarclays
Hugo SolvetBNP Paribas Exane