flatexDEGIRO Valuation

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

Below Fair Value: FNNT.F ($14.4) is trading below our estimate of fair value ($25.32)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for FNNT.F?

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

The above table shows the Price to Earnings ratio for FNNT.F. This is calculated by dividing FNNT.F's market cap by their current earnings.
What is FNNT.F's PE Ratio?
PE Ratio12.4x
Earnings€116.96m
Market Cap€1.45b

Price to Earnings Ratio vs Peers

How does FNNT.F's PE Ratio compare to its peers?

The above table shows the PE ratio for FNNT.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.7x
TIGR UP Fintech Holding
34.1x28.5%US$1.0b
MRX Marex Group
11.3x13.5%US$2.1b
OPY Oppenheimer Holdings
8.7xn/aUS$629.8m
BGC BGC Group
40.5xn/aUS$4.6b
FNNT.F flatexDEGIRO
12.4x8.5%US$1.5b

Price-To-Earnings vs Peers: FNNT.F is good value based on its Price-To-Earnings Ratio (12.4x) compared to the peer average (23.7x).


Price to Earnings Ratio vs Industry

How does FNNT.F's PE Ratio compare vs other companies in the US Capital Markets Industry?

23 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ADX Adams Diversified Equity Fund
3.6xn/aUS$2.28b
CET Central Securities
4.6xn/aUS$1.32b
GAM General American Investors Company
4.2xn/aUS$1.17b
MUDS Mudrick Capital Acquisition Corporation II
3.4xn/aUS$401.64m
FNNT.F 12.4xIndustry Avg. 23.2xNo. of Companies73PE020406080100+
23 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FNNT.F is good value based on its Price-To-Earnings Ratio (12.4x) compared to the US Capital Markets industry average (23.2x).


Price to Earnings Ratio vs Fair Ratio

What is FNNT.F'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.

FNNT.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FNNT.F's Price-To-Earnings Fair Ratio for valuation analysis.


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 FNNT.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$16.58
0%
10.7%US$19.01US$13.73n/a11
Nov ’25US$14.40
US$16.79
+16.6%
10.7%US$19.58US$13.92n/a11
Oct ’25n/a
US$16.31
0%
11.1%US$18.92US$13.69n/a11
Sep ’25n/a
US$16.28
0%
10.8%US$18.84US$13.97n/a11
Aug ’25n/a
US$15.73
0%
13.1%US$18.46US$11.62n/a11
Jul ’25n/a
US$14.67
0%
16.5%US$17.97US$10.35n/a11
Jun ’25n/a
US$14.20
0%
15.4%US$17.87US$10.29n/a11
May ’25n/a
US$13.90
0%
16.1%US$17.61US$10.14n/a11
Apr ’25US$11.19
US$13.25
+18.4%
16.5%US$17.83US$10.27n/a11
Mar ’25n/a
US$13.25
0%
15.8%US$17.46US$10.24n/a11
Feb ’25n/a
US$13.34
0%
15.8%US$17.57US$10.30n/a11
Jan ’25n/a
US$12.96
0%
17.7%US$17.80US$9.89n/a11
Dec ’24n/a
US$12.96
0%
17.7%US$17.80US$9.89n/a11
Nov ’24n/a
US$12.51
0%
18.4%US$17.27US$9.60US$14.4011
Oct ’24n/a
US$11.66
0%
18.9%US$16.49US$9.51n/a11
Sep ’24n/a
US$12.16
0%
19.6%US$17.31US$9.21n/a11
Aug ’24n/a
US$12.16
0%
19.6%US$17.31US$9.21n/a11
Jul ’24n/a
US$11.93
0%
22.1%US$18.13US$9.06n/a11
Jun ’24n/a
US$11.29
0%
22.5%US$17.74US$8.87n/a11
May ’24n/a
US$11.62
0%
23.7%US$18.29US$8.48n/a11
Apr ’24n/a
US$11.61
0%
28.9%US$17.92US$8.09US$11.1911
Mar ’24US$8.35
US$11.20
+34.1%
29.3%US$17.56US$7.51n/a11
Feb ’24n/a
US$11.89
0%
34.3%US$21.04US$7.54n/a10
Jan ’24n/a
US$11.89
0%
34.3%US$21.04US$7.54n/a10
Dec ’23n/a
US$16.75
0%
26.2%US$26.42US$10.51n/a10
Nov ’23n/a
US$16.15
0%
27.1%US$25.61US$9.38n/a10

Analyst Forecast: Target price is less than 20% higher than the current share price.


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