K2 Asset Management Holdings Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: Insufficient data to calculate KAM's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate KAM's fair value for valuation analysis.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for KAM. This is calculated by dividing KAM's market cap by their current revenue.
What is KAM's PS Ratio?
PS Ratio	3.2x
Sales	AU$5.25m
Market Cap	AU$14.47m

KAM 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	1.3x
Enterprise Value/EBITDA	-13.3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for KAM 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	1.8x
INV InvestSMART Group	1.4x	n/a	AU$14.4m
WAG Australian Wealth Advisors Group	2.2x	n/a	AU$21.6m
APL Associate Global Partners	1.3x	n/a	AU$6.8m
CIW Clime Investment Management	2.2x	n/a	AU$26.7m
KAM K2 Asset Management Holdings	3.2x	n/a	AU$14.5m

Price-To-Sales vs Peers: KAM is expensive based on its Price-To-Sales Ratio (3.2x) compared to the peer average (1.7x).

Price to Sales Ratio vs Industry

How does KAM's PS Ratio compare vs other companies in the AU Capital Markets Industry?

22 Companies	Price / Sales	Estimated Growth	Market Cap
PPT Perpetual	1.7x	2.9%	US$1.52b
IFL Insignia Financial	1.1x	-7.0%	US$1.34b
MAF MA Financial Group	1x	-32.2%	US$678.99m
BFG Bell Financial Group	1.7x	4.4%	US$265.30m

22 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: KAM is good value based on its Price-To-Sales Ratio (3.2x) compared to the Australian Capital Markets industry average (5.6x).

Price to Sales Ratio vs Fair Ratio

What is KAM'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.

KAM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	3.2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate KAM'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?

Analyst Forecast: Insufficient data to show price forecast.

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