Noumi Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: NOU (A$0.19) is trading below our estimate of fair value (A$2.13)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for NOU. This is calculated by dividing NOU's market cap by their current revenue.
What is NOU's PS Ratio?
PS Ratio	0.09x
Sales	AU$589.79m
Market Cap	AU$56.81m

NOU 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	1x
Enterprise Value/EBITDA	12.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for NOU 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	0.9x
OJC Original Juice	1.1x	n/a	AU$53.3m
FFI FFI Holdings	0.8x	n/a	AU$42.0m
CSS Clean Seas Seafood	0.5x	1.7%	AU$37.2m
BUB Bubs Australia	1.3x	10.0%	AU$102.7m
NOU Noumi	0.09x	3.2%	AU$56.8m

Price-To-Sales vs Peers: NOU is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

How does NOU's PS Ratio compare vs other companies in the AU Food Industry?

6 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	0.9x	5.7%
NOU Noumi	0.09x	3.2%	US$36.94m
MBH Maggie Beer Holdings	0.2x	n/a	US$12.90m
BFC Beston Global Food	0.04x	n/a	US$4.12m

6 Companies		Estimated Growth	Market Cap
Industry Avg.	0.9x	18.6%
NOU Noumi	0.09x	20.0%	US$36.94m

No more companies

Price-To-Sales vs Industry: NOU is good value based on its Price-To-Sales Ratio (0.1x) compared to the Australian Food industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

What is NOU'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.

NOU PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.09x
Fair PS Ratio	0.3x

Price-To-Sales vs Fair Ratio: NOU is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).

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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