flatexDEGIRO AG (Formerly flatex AG)

Germany Country flag Germany
Sector: Investment Services
Ticker: FTK
ISIN: DE000FTG1111
Factsheet Factsheet

Market multiple valuation of flatexDEGIRO AG ( FTK | DEU)

The most common multiple used in the valuation of stocks is the P/Earnings NTM multiple (Price to Earnings). P/E relates the current share price with the market expectations in terms of Earnings Per Share. This multiple is used to compare a company's market value with its earnings. A company with a high P/Earnings NTM is considered to be overvalued; a company with a low P/Earnings NTM is considered to be undervalued.
The P/Earnings NTM ratio of flatexDEGIRO AG is slightly higher than the median of its peer group: around 11.00. The company valuation of flatexDEGIRO AG according to these metrics is consistent with the market valuation of its peer group.
The P/Earnings NTM ratio of flatexDEGIRO AG is lower than the average of its sector (Investment Services): 13.86. The company valuation of flatexDEGIRO AG according to these metrics is below the market valuation of its sector.
The P/Earnings NTM ratio of flatexDEGIRO AG is lower than its historical 5-year average: 14.7. The (current) company valuation of flatexDEGIRO AG is therefore below its valuation average over the last five years.

Valuation
P/E Last P/E (e) 2024P/E NTM
flatexDEGIRO AGFree trialFree trialFree trial
International PeersFree trialFree trialFree trial
Investment Services11.5014.3813.86
DAX 4013.7513.9713.37
Germany14.0112.0612.31
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Beta (Ref: DAX 40)
Levered betaUnlevered beta
1-Year0.59N/M
2-Year2.00N/M
3-Year1.50N/M
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Stock Perf excl. Dividends (in EUR)
FTKDAX 40Rel. Perf.
Year-to-Date6.6%8.4%-1.8%
1-Week16.8%2.4%14.4%
1-Month14.5%-1.2%15.7%
1-Year26.2%15.0%11.2%
3-Year-56.1%18.7%-74.9%
5-Year126.8%47.5%79.4%
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International Peers - flatexDEGIRO AG
Company NameCtryMarket
Cap.
last (mUSD)
flatexDEGIRO AGDEU1 402
International Peers Median1.23
JDC Group AGDEU328
Naga Group AGDEU49.73
Guotai Junan Internatio...HKG683
EQS Group AGDEU429
Hong Kong Exchanges & C...HKG40 492
GPRV Analysis
flatexDEGIRO AG
Intl. Peers
U.S Patents No. 7,882,001 & 8,082,201
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Net Sales Chart
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Quotes Chart

1-Year Rebased Stock Chart

  • flatexDEGIRO AG
  • DAX 40
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Did you know ?

On the Infront Analytics platform, there are two ways to identify the listed peers which most closely resemble a private firm:
- with Peer Tracker if you already know a listed peer.
Peer Tracker is a patented technology tool for building peer groups using industry classifications. The degree of similarity between two companies is calculated comparing their sector footprints and measured using comparability scores.
- with Market Screener if you have no listed peer in mind.
Market Screener is a dedicated interface for screening companies using multiple criteria, identifying peers, searching for comparable companies in a specific business sector.

About Market Multiples

Many methods can be used to value a company. In reality, business valuation is often a combination of these different approaches. One of the most widely used quantitative methods is the market multiples method. The market valuation is utilized generally as a primary market input, to provide an objective starting point for the valuation. Put simply, this method multiplies the sales or profits of a business by an industry averaged multiplier to calculate the Market Value of the business.
Current multiples include:
- Historical multiples based on standardized financials for the last completed fiscal period: Last, Last Twelve Months (LTM);
- Forward multiples based on consensus estimates for the current fiscal period and next ones: Next Twelve Months (NTM), FY0, FY1.
Current multiples based on per-share metrics (such as earnings per share or book value per share) are calculated using the last closing price, while current multiples based on company-level metrics (such as net sales, EBIT or EBITDA) are calculated using the current market cap or EV (Enterprise Value).