Ceconomy AG

OTCPK:MTAG.F Stock Report

Market Cap: US$1.5b

Ceconomy Valuation

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

Below Fair Value: MTAG.F ($3.11) is trading below our estimate of fair value ($7.68)

Significantly Below Fair Value: MTAG.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 MTAG.F?

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

The above table shows the Price to Earnings ratio for MTAG.F. This is calculated by dividing MTAG.F's market cap by their current earnings.
What is MTAG.F's PE Ratio?
PE Ratio10.8x
Earnings€135.00m
Market Cap€1.46b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MTAG.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21x
EM Smart Share Global
21.7x43.5%US$177.2m
BBY Best Buy
15.9x7.0%US$19.2b
WINA Winmark
37.1x8.4%US$1.4b
SBH Sally Beauty Holdings
9.4x9.4%US$1.3b
MTAG.F Ceconomy
10.8x22.4%US$1.5b

Price-To-Earnings vs Peers: MTAG.F is good value based on its Price-To-Earnings Ratio (10.8x) compared to the peer average (20.1x).

Price to Earnings Ratio vs Industry

How does MTAG.F's PE Ratio compare vs other companies in the US Specialty Retail Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TKLF Tokyo Lifestyle
1.9xn/aUS$14.10m
MASN Maison Luxe
0.1xn/aUS$144.03k
FTCH.Q Farfetch
n/an/aUS$395.00
EXPR.Q Express
0.000002xn/aUS$374.00
MTAG.F 10.8xIndustry Avg. 17.2xNo. of Companies11PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MTAG.F is good value based on its Price-To-Earnings Ratio (10.8x) compared to the US Specialty Retail industry average (17.2x).

Price to Earnings Ratio vs Fair Ratio

What is MTAG.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.

MTAG.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MTAG.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 MTAG.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$3.11
US$3.31
+6.3%
10.2%US$3.78US$2.81n/a7
Nov ’25n/a
US$3.31
0%
10.2%US$3.78US$2.81n/a7
Oct ’25n/a
US$3.29
0%
10.9%US$3.84US$2.85n/a8
Sep ’25n/a
US$3.29
0%
10.9%US$3.84US$2.85n/a8
Aug ’25n/a
US$3.18
0%
12.5%US$3.79US$2.70n/a8
Jul ’25n/a
US$3.13
0%
13.4%US$3.75US$2.68n/a7
Jun ’25n/a
US$2.99
0%
11.1%US$3.69US$2.71n/a7
May ’25n/a
US$2.46
0%
14.7%US$3.04US$2.06n/a8
Apr ’25n/a
US$2.46
0%
14.7%US$3.04US$2.06n/a8
Mar ’25n/a
US$2.50
0%
15.9%US$3.11US$2.03n/a9
Feb ’25n/a
US$2.57
0%
15.9%US$3.19US$2.09n/a9
Jan ’25n/a
US$2.57
0%
15.9%US$3.19US$2.09n/a9
Dec ’24n/a
US$2.41
0%
16.0%US$3.07US$1.90n/a9
Nov ’24n/a
US$2.41
0%
16.0%US$3.07US$1.90n/a9
Oct ’24n/a
US$2.50
0%
17.8%US$3.28US$1.90n/a9
Sep ’24n/a
US$2.59
0%
17.9%US$3.38US$1.96n/a9
Aug ’24n/a
US$2.64
0%
17.0%US$3.48US$2.02n/a9
Jul ’24n/a
US$2.44
0%
15.6%US$2.90US$1.93n/a9
Jun ’24n/a
US$2.23
0%
18.5%US$2.91US$1.72n/a9
May ’24n/a
US$2.08
0%
17.9%US$2.96US$1.75n/a9
Apr ’24n/a
US$1.92
0%
9.4%US$2.24US$1.71n/a9
Mar ’24n/a
US$1.92
0%
9.4%US$2.24US$1.71n/a9
Feb ’24US$2.26
US$1.83
-19.0%
13.1%US$2.15US$1.29n/a9
Jan ’24n/a
US$2.21
0%
61.8%US$6.26US$1.27n/a10
Dec ’23US$2.20
US$2.31
+5.2%
61.3%US$5.95US$1.21n/a10
Nov ’23n/a
US$2.31
0%
61.3%US$5.95US$1.21n/a10

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

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