Mayr-Melnhof Karton AG

OTCPK:MNHF.F Stock Report

Market Cap: US$1.5b

Mayr-Melnhof Karton Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: MNHF.F ($80) is trading below our estimate of fair value ($254.27)

Significantly Below Fair Value: MNHF.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 MNHF.F?

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

The above table shows the Price to Earnings ratio for MNHF.F. This is calculated by dividing MNHF.F's market cap by their current earnings.
What is MNHF.F's PE Ratio?
PE Ratio29.9x
Earnings€48.09m
Market Cap€1.44b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MNHF.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.7x
SON Sonoco Products
17.6x30.1%US$5.1b
SEE Sealed Air
13.3x9.9%US$5.3b
GPK Graphic Packaging Holding
12.4x6.4%US$8.9b
AMCR Amcor
19.5x13.4%US$15.1b
MNHF.F Mayr-Melnhof Karton
29.9x57.9%US$1.4b

Price-To-Earnings vs Peers: MNHF.F is expensive based on its Price-To-Earnings Ratio (29.9x) compared to the peer average (15.7x).

Price to Earnings Ratio vs Industry

How does MNHF.F's PE Ratio compare vs other companies in the North American Packaging Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MNHF.F 29.9xIndustry Avg. 19.5xNo. of Companies5PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MNHF.F is expensive based on its Price-To-Earnings Ratio (29.9x) compared to the North American Packaging industry average (19.5x).

Price to Earnings Ratio vs Fair Ratio

What is MNHF.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.

MNHF.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MNHF.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 MNHF.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$114.72
0%
8.2%US$124.16US$105.27n/a2
Nov ’25n/a
US$128.98
0%
16.5%US$150.24US$107.71n/a2
Oct ’25n/a
US$144.98
0%
3.3%US$149.83US$140.13n/a2
Sep ’25n/a
US$146.16
0%
3.3%US$151.04US$141.27n/a2
Aug ’25n/a
US$147.29
0%
7.6%US$158.42US$136.16n/a2
Jul ’25n/a
US$147.29
0%
7.6%US$158.42US$136.16n/a2
Jun ’25n/a
US$147.29
0%
7.6%US$158.42US$136.16n/a2
May ’25n/a
US$147.29
0%
7.6%US$158.42US$136.16n/a2
Apr ’25US$127.13
US$153.06
+20.4%
9.2%US$167.16US$138.97n/a2
Mar ’25n/a
US$162.46
0%
5.3%US$171.12US$153.80n/a2
Feb ’25n/a
US$162.46
0%
5.3%US$171.12US$153.80n/a2
Jan ’25n/a
US$162.46
0%
5.3%US$171.12US$153.80n/a2
Dec ’24n/a
US$162.46
0%
5.3%US$171.12US$153.80n/a2
Nov ’24n/a
US$170.60
0%
8.3%US$184.84US$156.36n/a2
Oct ’24n/a
US$170.60
0%
8.3%US$184.84US$156.36n/a2
Sep ’24n/a
US$170.60
0%
8.3%US$184.84US$156.36n/a2
Aug ’24n/a
US$179.06
0%
4.3%US$186.75US$171.37n/a2
Jul ’24n/a
US$179.06
0%
4.3%US$186.75US$171.37n/a2
Jun ’24n/a
US$186.67
0%
6.6%US$195.35US$169.31n/a3
May ’24n/a
US$185.39
0%
6.6%US$197.46US$171.13n/a4
Apr ’24n/a
US$181.56
0%
7.3%US$197.29US$166.36US$127.134
Mar ’24n/a
US$186.42
0%
7.2%US$203.56US$167.13n/a4
Feb ’24n/a
US$168.85
0%
5.8%US$180.20US$156.17n/a3
Jan ’24n/a
US$168.85
0%
5.8%US$180.20US$156.17n/a3
Dec ’23n/a
US$168.85
0%
5.8%US$180.20US$156.17n/a3
Nov ’23n/a
US$177.69
0%
12.6%US$208.25US$155.44n/a3

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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