Coast Entertainment Holdings Valuation

Is CEH 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-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 CEH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CEH (A$0.44) is trading below our estimate of fair value (A$0.72)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for CEH. This is calculated by dividing CEH's market cap by their current revenue.
What is CEH's PS Ratio?
PS Ratio	2.2x
Sales	AU$87.03m
Market Cap	AU$188.01m

CEH 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	1.2x
Enterprise Value/EBITDA	-88.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for CEH 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	1.3x
VVA Viva Leisure	0.9x	12.0%	AU$138.9m
EXP Experience Co	0.7x	11.5%	AU$94.7m
XRG xReality Group	1.9x	n/a	AU$19.6m
HLO Helloworld Travel	1.5x	5.8%	AU$327.3m
CEH Coast Entertainment Holdings	2.2x	9.5%	AU$188.0m

Price-To-Sales vs Peers: CEH is expensive based on its Price-To-Sales Ratio (2.2x) compared to the peer average (1.3x).

Price to Sales Ratio vs Industry

How does CEH's PS Ratio compare vs other companies in the AU Hospitality Industry?

2 Companies	Price / Sales	Estimated Growth	Market Cap
OLI Oliver's Real Food	0.2x	n/a	US$3.15m
MCL Mighty Craft	0.02x	n/a	US$1.26m

No more companies available in this PS range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: CEH is expensive based on its Price-To-Sales Ratio (2.2x) compared to the Australian Hospitality industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

What is CEH'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.

CEH PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2.2x
Fair PS Ratio	1.4x

Price-To-Sales vs Fair Ratio: CEH is expensive based on its Price-To-Sales Ratio (2.2x) compared to the estimated Fair Price-To-Sales Ratio (1.4x).

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 CEH 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	AU$0.43	AU$0.62 +43.3%	5.3%	AU$0.67	AU$0.60	n/a	3
Nov ’25	AU$0.45	AU$0.63 +41.6%	6.7%	AU$0.69	AU$0.60	n/a	3
Oct ’25	AU$0.45	AU$0.63 +41.6%	6.7%	AU$0.69	AU$0.60	n/a	3
Sep ’25	AU$0.53	AU$0.63 +18.9%	6.7%	AU$0.69	AU$0.60	n/a	3
Aug ’25	AU$0.51	AU$0.62 +22.1%	3.8%	AU$0.65	AU$0.60	n/a	3
Jul ’25	AU$0.47	AU$0.61 +28.4%	2.3%	AU$0.63	AU$0.60	n/a	3
Jun ’25	AU$0.50	AU$0.61 +22.0%	2.3%	AU$0.63	AU$0.60	n/a	3
May ’25	AU$0.51	AU$0.61 +20.8%	2.3%	AU$0.63	AU$0.60	n/a	3
Apr ’25	AU$0.53	AU$0.61 +15.1%	2.3%	AU$0.63	AU$0.60	n/a	3
Mar ’25	AU$0.47	AU$0.61 +28.4%	2.3%	AU$0.63	AU$0.60	n/a	3
Feb ’25	AU$0.46	AU$0.59 +29.7%	6.3%	AU$0.63	AU$0.54	n/a	3
Jan ’25	AU$0.46	AU$0.63 +37.0%	7.9%	AU$0.70	AU$0.59	n/a	3
Dec ’24	AU$0.42	AU$0.63 +50.0%	7.9%	AU$0.70	AU$0.59	n/a	3
Nov ’24	AU$0.46	AU$0.65 +42.9%	6.3%	AU$0.70	AU$0.60	AU$0.45	3
Oct ’24	AU$0.47	AU$0.65 +38.3%	6.3%	AU$0.70	AU$0.60	AU$0.45	3
Sep ’24	AU$0.55	AU$0.65 +19.3%	6.3%	AU$0.70	AU$0.60	AU$0.53	3
Aug ’24	AU$0.52	AU$0.63 +23.0%	7.4%	AU$0.70	AU$0.60	AU$0.51	3
Jul ’24	AU$0.45	AU$0.67 +48.1%	8.0%	AU$0.73	AU$0.60	AU$0.47	3
Jun ’24	AU$0.49	AU$0.67 +34.7%	8.0%	AU$0.73	AU$0.60	AU$0.50	3
May ’24	AU$0.55	AU$0.75 +35.8%	14.1%	AU$0.84	AU$0.60	AU$0.51	3
Apr ’24	AU$0.63	AU$0.68 +8.3%	21.0%	AU$0.84	AU$0.49	AU$0.53	4
Mar ’24	AU$0.69	AU$0.68 -0.4%	21.0%	AU$0.84	AU$0.49	AU$0.47	4
Feb ’24	AU$0.70	AU$0.64 -8.9%	19.4%	AU$0.78	AU$0.49	AU$0.46	4
Jan ’24	AU$0.60	AU$0.64 +6.2%	19.4%	AU$0.78	AU$0.49	AU$0.46	4
Dec ’23	AU$0.58	AU$0.64 +9.8%	19.4%	AU$0.78	AU$0.49	AU$0.42	4
Nov ’23	AU$0.51	AU$0.64 +25.7%	18.4%	AU$0.75	AU$0.49	AU$0.46	4

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