The sharp decline in Beghelli shares does not reduce the overvaluation of prices
After 2 years all on the rise, 2022 will close with a decline of more than 30%. However, the sharp decline in Beghelli shares does not reduce the overvaluation of prices. So what could happen in the next sessions?
The sharp decline in Beghelli shares does not reduce the overvaluation of prices: the indications of the graphic analysis
The stock title Beghelli (MIL:BE) closed the session of 29 December down by 2.38% compared to the previous session at 0.287 euros.
To better understand the weakness of the stock, a single figure is enough. At the close of 29 December they were 256 trading sessions in 2022. Of these, 106 (divided into three time intervals) were characterized by a continuous downward trend. For the remaining ones there was a continuous alternation of bullish and bearish trends.
Recentlyafter a decline that lasted 30 consecutive sessions, land quotations have attempted to rise which, however, it was immediately disavowed with the strong gap down open on 29 December.
At the moment, therefore, there are no signs of improvement and the descent could continue also in the next sessions.
We recall that during 2022 it did worse than all the stocks in its reference sector (such as Prysmian for example) with the exception of the IRCE stock.
The attempt to raise Beghelli shares could already be at the end of the line – projectionsdiborsa.it
How much is the stock worth according to fundamental analysis?
Whatever the multiple considered, Beghelli shares are undervalued. For example, according to the price-to-earnings ratio, the stock is undervalued by around 20%. The scenario, then, becomes even more interesting when we consider the Price to Book ratio and price to turnover ratio.
In both cases, in fact, the prices of the Beghelli share are underestimated by at least 50%.%. It should be noted that the price-to-turnover ratio is 0.4, an absolute low value.
For the fair value (calculated using the discounted cash flow method), on the other hand, the stock is undervalued by approximately 15%.
According to what was reported in specialized magazines, the evaluation that analysts have of Beghelli is not very reliable. In fact, the average target price is obtained by considering very different valuations. For example, the most optimistic estimate expresses an underestimation of more than 900%, the more conservative one 50%. The only thing that can be taken for granted is that, despite the stark differences, all analysts see a title undervalued.
