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Relative Value

The Relative Value of one CNV stock under the Base Case scenario is 3.191 EUR. Compared to the current market price of 0.145 EUR, Cnova NV is Undervalued by 95%.

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.

CNV Relative Value
Base Case
3.191 EUR
Undervaluation 95%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
96
vs Industry
35
Median 3Y
0.7
Median 5Y
0.6
Industry
0.6
vs History
vs Industry
Median 3Y
-8.3
Median 5Y
-14.6
Industry
16.9
vs History
77
vs Industry
20
Median 3Y
12.3
Median 5Y
9.9
Industry
8
vs History
30
vs Industry
Median 3Y
-12.4
Median 5Y
-7.4
Industry
15.7
vs History
vs Industry
Median 3Y
-2.2
Median 5Y
-3.4
Industry
1.6
vs History
74
vs Industry
25
Median 3Y
1
Median 5Y
1
Industry
0.7
vs History
96
vs Industry
24
Median 3Y
4
Median 5Y
3.9
Industry
2.3
vs History
96
vs Industry
14
Median 3Y
21.4
Median 5Y
20
Industry
8.6
vs History
vs Industry
Median 3Y
-53
Median 5Y
-36.2
Industry
12.9
vs History
6
vs Industry
11
Median 3Y
29.3
Median 5Y
16.8
Industry
9.2
vs History
vs Industry
Median 3Y
-16.2
Median 5Y
-7.3
Industry
12.9
vs History
96
vs Industry
12
Median 3Y
2.9
Median 5Y
2.7
Industry
1.1

Multiples Across Competitors

CNV Competitors Multiples
Cnova NV Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
NL
Cnova NV
PAR:CNV
50.1m EUR 0 -0.4 7.7 -38.6
US
Amazon.com Inc
NASDAQ:AMZN
2.3T USD 3.8 46.8 20.8 38.3
ZA
Naspers Ltd
JSE:NPN
747.4B Zac 0 0 0 0
CN
Alibaba Group Holding Ltd
NYSE:BABA
199.5B USD 1.5 17 10.7 10.7
CN
Pinduoduo Inc
NASDAQ:PDD
139.3B USD 2.7 9.4 6.8 6.8
CN
Meituan
HKEX:3690
876.2B HKD 2.6 26 22.1 22.1
UY
MercadoLibre Inc
BMV:MELIN
1.8T MXN 4.6 61.4 32.5 42.3
AR
Mercadolibre Inc
NASDAQ:MELI
87.8B USD 4.6 61.1 32.4 42.1
NL
Prosus NV
AEX:PRX
85.1B EUR 14.8 11.2 2 166.8 2 166.8
US
DoorDash Inc
NASDAQ:DASH
72.1B USD 7.1 -419.3 219.5 -275.2
CN
JD.Com Inc
HKEX:9618
386.1B HKD 0.3 10.4 6.2 6.2
P/S Multiple
Revenue Growth P/S to Growth
NL
Cnova NV
PAR:CNV
Average P/S: 4.2
0
N/A N/A
US
Amazon.com Inc
NASDAQ:AMZN
3.8
12%
0.3
ZA
N
Naspers Ltd
JSE:NPN
Not Available
10%
N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
1.5
8%
0.2
CN
Pinduoduo Inc
NASDAQ:PDD
2.7
35%
0.1
CN
Meituan
HKEX:3690
2.6
17%
0.2
UY
MercadoLibre Inc
BMV:MELIN
4.6
30%
0.2
AR
Mercadolibre Inc
NASDAQ:MELI
4.6
30%
0.2
NL
Prosus NV
AEX:PRX
14.8
12%
1.2
US
D
DoorDash Inc
NASDAQ:DASH
7.1
20%
0.4
CN
JD.Com Inc
HKEX:9618
0.3
6%
0.1
P/E Multiple
Earnings Growth PEG
NL
Cnova NV
PAR:CNV
Average P/E: 30.4
Negative Multiple: -0.4
N/A N/A
US
Amazon.com Inc
NASDAQ:AMZN
46.8
39%
1.2
ZA
N
Naspers Ltd
JSE:NPN
Not Available
22%
N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
17
35%
0.5
CN
Pinduoduo Inc
NASDAQ:PDD
9.4
39%
0.2
CN
Meituan
HKEX:3690
26
67%
0.4
UY
MercadoLibre Inc
BMV:MELIN
61.4
47%
1.3
AR
Mercadolibre Inc
NASDAQ:MELI
61.1
48%
1.3
NL
Prosus NV
AEX:PRX
11.2
15%
0.7
US
D
DoorDash Inc
NASDAQ:DASH
Negative Multiple: -419.3 N/A N/A
CN
JD.Com Inc
HKEX:9618
10.4
4%
2.6
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NL
Cnova NV
PAR:CNV
Average EV/EBITDA: 252.5
7.7
N/A N/A
US
Amazon.com Inc
NASDAQ:AMZN
20.8
33%
0.6
ZA
N
Naspers Ltd
JSE:NPN
Not Available
162%
N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
10.7
13%
0.8
CN
Pinduoduo Inc
NASDAQ:PDD
6.8
45%
0.2
CN
Meituan
HKEX:3690
22.1
63%
0.4
UY
MercadoLibre Inc
BMV:MELIN
32.5
33%
1
AR
Mercadolibre Inc
NASDAQ:MELI
32.4
33%
1
NL
Prosus NV
AEX:PRX
2 166.8
N/A N/A
US
D
DoorDash Inc
NASDAQ:DASH
219.5
N/A N/A
CN
JD.Com Inc
HKEX:9618
6.2
20%
0.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
NL
Cnova NV
PAR:CNV
Average EV/EBIT: 291.9
Negative Multiple: -38.6
N/A N/A
US
Amazon.com Inc
NASDAQ:AMZN
38.3
39%
1
ZA
N
Naspers Ltd
JSE:NPN
Not Available N/A N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
10.7
16%
0.7
CN
Pinduoduo Inc
NASDAQ:PDD
6.8
46%
0.1
CN
Meituan
HKEX:3690
22.1
85%
0.3
UY
MercadoLibre Inc
BMV:MELIN
42.3
36%
1.2
AR
Mercadolibre Inc
NASDAQ:MELI
42.1
36%
1.2
NL
Prosus NV
AEX:PRX
2 166.8
N/A N/A
US
D
DoorDash Inc
NASDAQ:DASH
Negative Multiple: -275.2 N/A N/A
CN
JD.Com Inc
HKEX:9618
6.2
22%
0.3