CTT Systems Valuation

Is CTT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CTT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CTT (SEK252) is trading below our estimate of fair value (SEK350.93)

Significantly Below Fair Value: CTT is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CTT?

Key metric: As CTT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CTT. This is calculated by dividing CTT's market cap by their current earnings.
What is CTT's PE Ratio?
PE Ratio	35.6x
Earnings	SEK 88.80m
Market Cap	SEK 3.16b

CTT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	10.4x
Enterprise Value/EBITDA	26.8x
PEG Ratio	1.1x

Price to Earnings Ratio vs Peers

How does CTT's PE Ratio compare to its peers?

The above table shows the PE ratio for CTT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	47.3x
MILDEF MilDef Group	76.1x	45.6%	SEK 4.2b
IVSO Invisio	61.3x	28.8%	SEK 12.2b
AVT B AVTECH Sweden	20.3x	17.7%	SEK 220.3m
SAAB B Saab	31.7x	20.3%	SEK 125.6b
CTT CTT Systems	35.6x	33.3%	SEK 3.2b

Price-To-Earnings vs Peers: CTT is good value based on its Price-To-Earnings Ratio (35.6x) compared to the peer average (47.3x).

Price to Earnings Ratio vs Industry

How does CTT's PE Ratio compare vs other companies in the European Aerospace & Defense Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: CTT is expensive based on its Price-To-Earnings Ratio (35.6x) compared to the European Aerospace & Defense industry average (22.7x).

Price to Earnings Ratio vs Fair Ratio

What is CTT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CTT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	35.6x
Fair PE Ratio	27.1x

Price-To-Earnings vs Fair Ratio: CTT is expensive based on its Price-To-Earnings Ratio (35.6x) compared to the estimated Fair Price-To-Earnings Ratio (27.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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