tonies Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Share Price vs Fair Value

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

Below Fair Value: TNIE (€6.9) is trading below our estimate of fair value (€15.35)

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

Key Valuation Metric

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

Key metric: As TNIE is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for TNIE. This is calculated by dividing TNIE's market cap by their current revenue.
What is TNIE's PS Ratio?
PS Ratio	2x
Sales	€394.60m
Market Cap	€784.42m

TNIE 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	2x
Enterprise Value/EBITDA	158.3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does TNIE's PS Ratio compare to its peers?

The above table shows the PS ratio for TNIE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	4x
MBUU Malibu Boats	1.2x	9.1%	US$850.7m
HARVIA Harvia Oyj	4.9x	12.0%	€808.3m
2767 Tsuburaya Fields Holdings	1.1x	12.5%	JP¥135.4b
002678 Guangzhou Pearl River Piano GroupLtd	8.7x	n/a	CN¥6.8b
TNIE tonies	2x	20.0%	€784.4m

Price-To-Sales vs Peers: TNIE is good value based on its Price-To-Sales Ratio (2x) compared to the peer average (4x).

Price to Sales Ratio vs Industry

How does TNIE's PS Ratio compare vs other companies in the European Leisure Industry?

2 Companies	Price / Sales	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: TNIE is expensive based on its Price-To-Sales Ratio (2x) compared to the European Leisure industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

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

TNIE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate TNIE's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

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

The above table shows the analyst TNIE forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	€6.90	€10.12 +46.7%	13.0%	€12.00	€8.60	n/a	5
Nov ’25	€7.72	€10.12 +31.1%	13.0%	€12.00	€8.60	n/a	5
Oct ’25	€6.48	€10.12 +56.2%	13.0%	€12.00	€8.60	n/a	5
Sep ’25	n/a	€10.50 0%	11.4%	€12.00	€8.70	n/a	4
Aug ’25	n/a	€10.50 0%	11.4%	€12.00	€8.70	n/a	4
Jul ’25	n/a	€10.50 0%	11.4%	€12.00	€8.70	n/a	4
Jun ’25	n/a	€10.50 0%	11.4%	€12.00	€8.70	n/a	4
May ’25	n/a	€10.50 0%	11.4%	€12.00	€8.70	n/a	4
Apr ’25	n/a	€10.05 0%	20.8%	€13.00	€7.70	n/a	4
Mar ’25	n/a	€9.80 0%	20.6%	€13.00	€7.70	n/a	4
Feb ’25	n/a	€9.80 0%	20.6%	€13.00	€7.70	n/a	4
Jan ’25	n/a	€9.80 0%	20.6%	€13.00	€7.70	n/a	4
Dec ’24	n/a	€9.80 0%	20.6%	€13.00	€7.70	n/a	4
Nov ’24	n/a	€9.80 0%	20.6%	€13.00	€7.70	€7.72	4
Oct ’24	n/a	€9.80 0%	20.6%	€13.00	€7.70	€6.48	4
Sep ’24	n/a	€9.80 0%	20.6%	€13.00	€7.70	n/a	4
Aug ’24	n/a	€9.70 0%	22.0%	€13.00	€7.30	n/a	4
Jul ’24	n/a	€8.81 0%	29.6%	€13.00	€5.25	n/a	5
Jun ’24	n/a	€8.71 0%	29.5%	€13.00	€5.25	n/a	5
May ’24	n/a	€8.71 0%	29.5%	€13.00	€5.25	n/a	5
Apr ’24	n/a	€8.61 0%	29.6%	€13.00	€5.25	n/a	5
Mar ’24	n/a	€8.41 0%	30.3%	€13.00	€5.25	n/a	5
Feb ’24	n/a	€8.19 0%	32.0%	€13.00	€5.25	n/a	5
Jan ’24	n/a	€8.19 0%	32.0%	€13.00	€5.25	n/a	5
Dec ’23	n/a	€8.19 0%	32.0%	€13.00	€5.25	n/a	5
Nov ’23	n/a	€8.24 0%	31.6%	€13.00	€5.25	n/a	5

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.