Relative Value

The Relative Value of one NLM stock under the Base Case scenario is 98.12 EUR. Compared to the current market price of 90 EUR, FRoSTA AG is Undervalued by 8%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

NLM Relative Value
Base Case
98.12 EUR
Undervaluation 8%
Relative Value
Price
F
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
26
vs Industry
49
Median 3Y
0.7
Median 5Y
0.8
Industry
1
Forward
0.9
vs History
58
vs Industry
38
Median 3Y
13.6
Median 5Y
15.2
Industry
16
Forward
12.7
vs History
60
vs Industry
49
Median 3Y
6.8
Median 5Y
9.1
Industry
9.9
vs History
69
vs Industry
45
Median 3Y
11.3
Median 5Y
20.4
Industry
17.1
vs History
44
vs Industry
27
Median 3Y
2
Median 5Y
2.2
Industry
1.5
vs History
44
vs Industry
58
Median 3Y
0.7
Median 5Y
0.8
Industry
1.1
Forward
0.7
vs History
61
vs Industry
78
Median 3Y
1.7
Median 5Y
1.8
Industry
4.7
vs History
61
vs Industry
50
Median 3Y
6.3
Median 5Y
7.3
Industry
10.1
Forward
5.8
vs History
73
vs Industry
45
Median 3Y
8.8
Median 5Y
10.3
Industry
13.3
Forward
7.7
vs History
60
vs Industry
55
Median 3Y
5.5
Median 5Y
8.3
Industry
11.4
vs History
60
vs Industry
45
Median 3Y
6.7
Median 5Y
10.1
Industry
16
vs History
28
vs Industry
25
Median 3Y
1.5
Median 5Y
1.8
Industry
1.1

Multiples Across Competitors

NLM Competitors Multiples
FRoSTA AG Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
DE
FRoSTA AG
F:NLM
613m EUR 1 14.6 6.5 8.8
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 23 895.9 540 752.8 186 542.5 318 284.3
CH
Nestle SA
SIX:NESN
188.7B CHF 2.1 18.3 12.4 15.3
US
Mondelez International Inc
NASDAQ:MDLZ
69.7B USD 1.9 19.7 15.5 20.2
ZA
Tiger Brands Ltd
JSE:TBS
59.4B Zac 0 0 0 0
FR
Danone SA
PAR:BN
49B EUR 1.8 26.7 11.5 15.5
CN
Muyuan Foods Co Ltd
SZSE:002714
274B CNY 1.8 12.2 12.5 12.5
US
Hershey Co
NYSE:HSY
37.5B USD 3.3 27.5 16.6 20.8
ZA
Avi Ltd
JSE:AVI
36.4B Zac 0 0 0 0
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
26.5B CHF 4.7 41.6 24.2 33
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
222.5B CNY 7.9 32.5 29.6 29.6
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
DE
F
FRoSTA AG
F:NLM
Average EV/EBITDA: 20 741.3
6.5
9%
0.7
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
186 542.5
N/A N/A
CH
Nestle SA
SIX:NESN
12.4
1%
12.4
US
Mondelez International Inc
NASDAQ:MDLZ
15.5
-2%
N/A
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
11%
N/A
FR
Danone SA
PAR:BN
11.5
5%
2.3
CN
Muyuan Foods Co Ltd
SZSE:002714
12.5
31%
0.4
US
Hershey Co
NYSE:HSY
16.6
-4%
N/A
ZA
A
Avi Ltd
JSE:AVI
Not Available
7%
N/A
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
24.2
8%
3
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
29.6
16%
1.8
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
DE
F
FRoSTA AG
F:NLM
Average EV/EBIT: 35 382.2
8.8
11%
0.8
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
318 284.3
N/A N/A
CH
Nestle SA
SIX:NESN
15.3
0%
N/A
US
Mondelez International Inc
NASDAQ:MDLZ
20.2
-3%
N/A
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
12%
N/A
FR
Danone SA
PAR:BN
15.5
6%
2.6
CN
Muyuan Foods Co Ltd
SZSE:002714
12.5
20%
0.6
US
Hershey Co
NYSE:HSY
20.8
-6%
N/A
ZA
A
Avi Ltd
JSE:AVI
Not Available
8%
N/A
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
33
8%
4.1
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
29.6
11%
2.7