B

Believe SA
PAR:BLV

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Believe SA
PAR:BLV
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Price: 17.2 EUR Market Closed
Market Cap: 1.7B EUR

Relative Value

The Relative Value of one BLV stock under the Base Case scenario is 17.47 EUR. Compared to the current market price of 17.2 EUR, Believe SA is Undervalued by 2%.

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.

BLV Relative Value
Base Case
17.47 EUR
Undervaluation 2%
Relative Value
Price
B
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
10
vs Industry
41
Median 3Y
1.5
Median 5Y
1.5
Industry
1.5
Forward
1.5
vs History
vs Industry
Median 3Y
-186
Median 5Y
-112.7
Industry
17.1
Forward
75.6
vs History
10
vs Industry
7
Median 3Y
65.6
Median 5Y
40.1
Industry
11.1
vs History
vs Industry
19
Median 3Y
-47.2
Median 5Y
-46.7
Industry
15.4
vs History
0
vs Industry
17
Median 3Y
4
Median 5Y
3.8
Industry
1.8
vs History
7
vs Industry
43
Median 3Y
1.4
Median 5Y
1.3
Industry
1.6
Forward
1.4
vs History
7
vs Industry
32
Median 3Y
4.2
Median 5Y
4
Industry
3.5
vs History
24
vs Industry
8
Median 3Y
31.3
Median 5Y
30
Industry
8.7
Forward
18.1
vs History
vs Industry
Median 3Y
-183
Median 5Y
-82.1
Industry
12.3
Forward
40
vs History
7
vs Industry
8
Median 3Y
60.4
Median 5Y
32.5
Industry
10.3
vs History
vs Industry
23
Median 3Y
-69.5
Median 5Y
-67.9
Industry
12.5
vs History
12
vs Industry
16
Median 3Y
3.7
Median 5Y
3.7
Industry
1.5

Multiples Across Competitors

BLV Competitors Multiples
Believe SA Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
FR
Believe SA
PAR:BLV
1.7B EUR 1.8 -566.7 34.1 -550.8
US
Netflix Inc
NASDAQ:NFLX
372.9B USD 8.6 35.7 13.1 29.9
US
Walt Disney Co
NYSE:DIS
202.5B USD 2.1 16.3 12.1 16.8
LU
Spotify Technology SA
NYSE:SPOT
103.8B USD 5.3 63.7 38.9 41
US
Warner Bros Discovery Inc
NASDAQ:WBD
70.8B USD 1.9 146 5.1 57.2
NL
Universal Music Group NV
AEX:UMG
39.6B EUR 2.6 7 8.4 8.4
US
TKO Group Holdings Inc
NYSE:TKO
39.7B USD 9.1 173.3 29.3 41.9
US
Live Nation Entertainment Inc
NYSE:LYV
33.5B USD 1.4 104.1 17.1 25.2
CN
Tencent Music Entertainment Group
NYSE:TME
25.5B USD 5.6 16.5 16.9 16.9
US
Warner Music Group Corp
NASDAQ:WMG
16B USD 2.4 44.3 15.2 21.4
FR
Bollore SE
PAR:BOL
13.4B EUR 8.7 -7.9 -12.7 -12.1
P/E Multiple
Earnings Growth PEG
FR
B
Believe SA
PAR:BLV
Average P/E: 67.4
Negative Multiple: -566.7
N/A N/A
US
Netflix Inc
NASDAQ:NFLX
35.7
25%
1.4
US
Walt Disney Co
NYSE:DIS
16.3
6%
2.7
LU
Spotify Technology SA
NYSE:SPOT
63.7
42%
1.5
US
Warner Bros Discovery Inc
NASDAQ:WBD
146
N/A N/A
NL
Universal Music Group NV
AEX:UMG
7
2%
3.5
US
TKO Group Holdings Inc
NYSE:TKO
173.3
423%
0.4
US
Live Nation Entertainment Inc
NYSE:LYV
104.1
7%
14.9
CN
Tencent Music Entertainment Group
NYSE:TME
16.5
22%
0.7
US
Warner Music Group Corp
NASDAQ:WMG
44.3
40%
1.1
FR
Bollore SE
PAR:BOL
Negative Multiple: -7.9
-39%
N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
FR
B
Believe SA
PAR:BLV
Average EV/EBITDA: 19
34.1
45%
0.8
US
Netflix Inc
NASDAQ:NFLX
13.1
-7%
N/A
US
Walt Disney Co
NYSE:DIS
12.1
10%
1.2
LU
Spotify Technology SA
NYSE:SPOT
38.9
40%
1
US
Warner Bros Discovery Inc
NASDAQ:WBD
5.1
-25%
N/A
NL
Universal Music Group NV
AEX:UMG
8.4
16%
0.5
US
TKO Group Holdings Inc
NYSE:TKO
29.3
27%
1.1
US
Live Nation Entertainment Inc
NYSE:LYV
17.1
19%
0.9
CN
Tencent Music Entertainment Group
NYSE:TME
16.9
22%
0.8
US
Warner Music Group Corp
NASDAQ:WMG
15.2
15%
1
FR
Bollore SE
PAR:BOL
Negative Multiple: -12.7 N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
FR
B
Believe SA
PAR:BLV
Average EV/EBIT: 28.7
Negative Multiple: -550.8
N/A N/A
US
Netflix Inc
NASDAQ:NFLX
29.9
25%
1.2
US
Walt Disney Co
NYSE:DIS
16.8
17%
1
LU
Spotify Technology SA
NYSE:SPOT
41
42%
1
US
Warner Bros Discovery Inc
NASDAQ:WBD
57.2
57%
1
NL
Universal Music Group NV
AEX:UMG
8.4
16%
0.5
US
TKO Group Holdings Inc
NYSE:TKO
41.9
34%
1.2
US
Live Nation Entertainment Inc
NYSE:LYV
25.2
14%
1.8
CN
Tencent Music Entertainment Group
NYSE:TME
16.9
23%
0.7
US
Warner Music Group Corp
NASDAQ:WMG
21.4
19%
1.1
FR
Bollore SE
PAR:BOL
Negative Multiple: -12.1 N/A N/A