Teaminvest Private Group Valuation

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

TIP (A$2) is trading above our estimate of [[fair value]] (A$0.16)

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: TIP (A$2) is trading above our estimate of fair value (A$0.16)

Significantly Below Fair Value: TIP is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for TIP. This is calculated by dividing TIP's market cap by their current revenue.
What is TIP's PS Ratio?
PS Ratio	0.5x
Sales	AU$108.10m
Market Cap	AU$54.46m

TIP 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	0.6x
Enterprise Value/EBITDA	7.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for TIP 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	2.9x
DVR Diverger	0.4x	n/a	AU$49.5m
PFG Prime Financial Group	1.3x	n/a	AU$54.3m
CAF Centrepoint Alliance	0.2x	n/a	AU$59.7m
NGE NGE Capital	9.7x	n/a	AU$39.8m
TIP Teaminvest Private Group	0.5x	n/a	AU$54.5m

Price-To-Sales vs Peers: TIP is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (2.9x).

Price to Sales Ratio vs Industry

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

23 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	5.6x	5.8%
TIP Teaminvest Private Group	0.5x	n/a	US$35.41m
PPT Perpetual	1.8x	2.9%	US$1.56b
IFL Insignia Financial	1.1x	-7.0%	US$1.36b

23 Companies		Estimated Growth	Market Cap
Industry Avg.	5.6x	12.3%
TIP Teaminvest Private Group	0.5x	n/a	US$35.41m

No more companies

Price-To-Sales vs Industry: TIP is good value based on its Price-To-Sales Ratio (0.5x) compared to the Australian Capital Markets industry average (5.5x).

Price to Sales Ratio vs Fair Ratio

What is TIP'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.

TIP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.5x
Fair PS Ratio	n/a

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