Marel hf Valuation

Is MAREL 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: MAREL (€4.39) is trading below our estimate of fair value (€5.89)

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


Key Valuation Metric

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

Key metric: As MAREL is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for MAREL. This is calculated by dividing MAREL's market cap by their current revenue.
What is MAREL's PS Ratio?
PS Ratio2x
Sales€1.66b
Market Cap€3.27b

Price to Sales Ratio vs Peers

How does MAREL's PS Ratio compare to its peers?

The above table shows the PS ratio for MAREL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average6.6x
AALB Aalberts
1.2x2.6%€3.9b
ENVI Envipco Holding
2.6x37.1%€308.6m
NXFIL NX Filtration
22x49.5%€204.9m
LIGHT Signify
0.4x1.2%€2.7b
MAREL Marel hf
2x5.2%€479.5b

Price-To-Sales vs Peers: MAREL is good value based on its Price-To-Sales Ratio (2x) compared to the peer average (6.6x).


Price to Sales Ratio vs Industry

How does MAREL's PS Ratio compare vs other companies in the European Machinery Industry?

36 CompaniesPrice / SalesEstimated GrowthMarket Cap
MAREL 2.0xIndustry Avg. 0.9xNo. of Companies57PS00.81.62.43.24+
36 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: MAREL is expensive based on its Price-To-Sales Ratio (2x) compared to the European Machinery industry average (0.9x).


Price to Sales Ratio vs Fair Ratio

What is MAREL's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MAREL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2x
Fair PS Ratio1x

Price-To-Sales vs Fair Ratio: MAREL is expensive based on its Price-To-Sales Ratio (2x) compared to the estimated Fair Price-To-Sales Ratio (1x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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