Brunel International N.V.

ENXTAM:BRNL Stock Report

Market Cap: €430.4m

Brunel International Valuation

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

Below Fair Value: BRNL (€8.53) is trading below our estimate of fair value (€22.18)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BRNL. This is calculated by dividing BRNL's market cap by their current earnings.
What is BRNL's PE Ratio?
PE Ratio14x
Earnings€30.67m
Market Cap€430.37m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BRNL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.9x
RAND Randstad
17x18.6%€7.2b
MORE Morefield Group
6xn/a€35.0m
MAJ Majorel Group Luxembourg
19.9x13.0%€2.9b
BTS B BTS Group
12.7x-18.5%SEK 5.2b
BRNL Brunel International
14x25.1%€430.4m

Price-To-Earnings vs Peers: BRNL is expensive based on its Price-To-Earnings Ratio (14x) compared to the peer average (13.9x).


Price to Earnings Ratio vs Industry

How does BRNL's PE Ratio compare vs other companies in the European Professional Services Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BRNL 14.0xIndustry Avg. 18.3xNo. of Companies14PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BRNL is good value based on its Price-To-Earnings Ratio (14x) compared to the European Professional Services industry average (18.3x).


Price to Earnings Ratio vs Fair Ratio

What is BRNL'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.

BRNL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14x
Fair PE Ratio17.5x

Price-To-Earnings vs Fair Ratio: BRNL is good value based on its Price-To-Earnings Ratio (14x) compared to the estimated Fair Price-To-Earnings Ratio (17.5x).


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 BRNL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€8.53
€11.50
+34.8%
13.0%€13.00€10.00n/a2
Nov ’25€8.80
€12.50
+42.0%
20.0%€15.00€10.00n/a2
Oct ’25€8.68
€14.45
+66.5%
3.8%€15.00€13.90n/a2
Sep ’25€9.57
€14.70
+53.6%
5.4%€15.50€13.90n/a2
Aug ’25€10.38
€14.70
+41.6%
5.4%€15.50€13.90n/a2
Jul ’25€10.02
€14.70
+46.7%
5.4%€15.50€13.90n/a2
Jun ’25€10.98
€14.70
+33.9%
5.4%€15.50€13.90n/a2
May ’25€10.18
€14.70
+44.4%
5.4%€15.50€13.90n/a2
Apr ’25€10.18
€14.70
+44.4%
5.4%€15.50€13.90n/a2
Mar ’25€10.28
€14.70
+43.0%
5.4%€15.50€13.90n/a2
Feb ’25€10.18
€14.95
+46.9%
7.0%€16.00€13.90n/a2
Jan ’25€11.18
€14.95
+33.7%
7.0%€16.00€13.90n/a2
Dec ’24€10.76
€14.95
+38.9%
7.0%€16.00€13.90n/a2
Nov ’24€13.28
€18.75
+41.2%
4.0%€19.50€18.00€8.802
Oct ’24€13.00
€18.75
+44.2%
4.0%€19.50€18.00€8.682
Sep ’24€12.40
€18.75
+51.2%
4.0%€19.50€18.00€9.572
Aug ’24€12.70
€18.75
+47.6%
4.0%€19.50€18.00€10.382
Jul ’24€11.94
€18.75
+57.0%
4.0%€19.50€18.00€10.022
Jun ’24€11.88
€18.25
+53.6%
6.8%€19.50€17.00€10.982
May ’24€12.26
€17.38
+41.7%
2.2%€17.75€17.00€10.182
Apr ’24€12.78
€17.38
+36.0%
2.2%€17.75€17.00€10.182
Mar ’24€11.82
€17.38
+47.0%
2.2%€17.75€17.00€10.282
Feb ’24€10.80
€16.50
+52.8%
3.0%€17.00€16.00€10.182
Jan ’24€9.58
€16.50
+72.2%
3.0%€17.00€16.00€11.182
Dec ’23€9.74
€16.50
+69.4%
3.0%€17.00€16.00€10.762
Nov ’23€9.16
€16.50
+80.1%
3.0%€17.00€16.00€13.282

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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