We’ve recently updated our valuation analysis.

Reply Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

REY key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.9x
Enterprise Value/EBITDA12x
PEG Ratio2.1x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for REY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average16.1x
DGV Digital Value
18.5x19.9%€628.1m
XPR Exprivia
5.3xn/a€60.6m
SPN Spindox
23.9xn/a€46.6m
FOS Fos
17xn/a€22.7m
REY Reply
19.7x9.2%€3.8b

Price-To-Earnings vs Peers: REY is expensive based on its Price-To-Earnings Ratio (19.7x) compared to the peer average (16.1x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.1%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.1%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: REY is good value based on its Price-To-Earnings Ratio (19.7x) compared to the European IT industry average (19.7x)


Price to Earnings Ratio vs Fair Ratio

What is REY'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.

REY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.7x
Fair PE Ratio27.1x

Price-To-Earnings vs Fair Ratio: REY is good value based on its Price-To-Earnings Ratio (19.7x) compared to the estimated Fair Price-To-Earnings Ratio (27.1x).


Share Price vs Fair Value

What is the Fair Price of REY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: REY (€100.9) is trading above our estimate of fair value (€50.4)

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


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 REY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€100.90
€132.28
+31.1%
9.9%€150.00€113.20n/a6
May ’24€105.50
€133.95
+27.0%
8.8%€150.00€113.20n/a6
Apr ’24€115.50
€131.81
+14.1%
9.2%€150.00€113.20n/a7
Mar ’24€113.90
€131.65
+15.6%
9.1%€150.00€114.00n/a6
Feb ’24€120.90
€131.65
+8.9%
9.1%€150.00€114.00n/a6
Jan ’24€107.00
€131.65
+23.0%
9.1%€150.00€114.00n/a6
Dec ’23€118.90
€137.32
+15.5%
9.5%€150.00€114.00n/a5
Nov ’23€108.90
€136.82
+25.6%
10.6%€150.00€110.00n/a5
Oct ’23€107.60
€143.02
+32.9%
7.2%€157.00€126.00n/a5
Sep ’23€113.00
€143.02
+26.6%
7.2%€157.00€126.00n/a5
Aug ’23€127.70
€141.72
+11.0%
9.0%€157.00€120.00n/a6
Jul ’23€116.70
€152.55
+30.7%
18.7%€210.00€120.00n/a6
Jun ’23€122.80
€153.88
+25.3%
18.0%€210.00€120.00n/a6
May ’23€141.30
€165.78
+17.3%
14.0%€210.00€132.00€105.506
Apr ’23€150.60
€165.78
+10.1%
14.0%€210.00€132.00€115.506
Mar ’23€143.00
€178.63
+24.9%
12.9%€210.00€137.00€113.906
Feb ’23€149.10
€178.63
+19.8%
12.9%€210.00€137.00€120.906
Jan ’23€178.70
€178.63
-0.04%
12.9%€210.00€137.00€107.006
Dec ’22€173.20
€178.63
+3.1%
12.9%€210.00€137.00€118.906
Nov ’22€167.00
€152.59
-8.6%
19.8%€210.00€104.00€108.907
Oct ’22€158.70
€150.01
-5.5%
21.8%€210.00€104.00€107.607
Sep ’22€172.70
€140.02
-18.9%
16.8%€168.10€104.00€113.006
Aug ’22€150.70
€123.05
-18.3%
15.3%€148.00€100.00€127.706
Jul ’22€142.60
€119.88
-15.9%
13.4%€148.00€100.00€116.706
Jun ’22€131.40
€113.88
-13.3%
8.8%€127.50€100.00€122.806
May ’22€113.10
€109.55
-3.1%
9.2%€124.80€94.00€141.306

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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