We’ve recently updated our valuation analysis.

Redbubble Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

RBL 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/Revenue0.03x
Enterprise Value/EBITDA-0.3x
PEG Ration/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for RBL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.7x
TRS Reject Shop
0.2x5.7%AU$173.4m
KGN Kogan.com
0.8x8.2%AU$492.0m
MYR Myer Holdings
0.2x1.2%AU$562.1m
HVN Harvey Norman Holdings
1.5x4.9%AU$4.3b
RBL Redbubble
0.2x6.3%AU$106.3m

Price-To-Sales vs Peers: RBL is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.7x).


Price to Earnings Ratio vs Industry

How does RBL's PE Ratio compare vs other companies in the Global Multiline Retail Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a6.4%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a6.4%
n/an/an/a
No more companies

Price-To-Sales vs Industry: RBL is good value based on its Price-To-Sales Ratio (0.2x) compared to the Global Multiline Retail industry average (0.9x)


Price to Sales Ratio vs Fair Ratio

What is RBL'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.

RBL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.2x

Price-To-Sales vs Fair Ratio: RBL is expensive based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.2x).


Share Price vs Fair Value

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

Below Fair Value: RBL (A$0.37) is trading above our estimate of fair value (A$0.36)

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


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 RBL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$0.37
AU$0.66
+77.9%
34.9%AU$1.15AU$0.45n/a6
May ’24AU$0.39
AU$0.64
+65.2%
33.8%AU$1.15AU$0.45n/a7
Apr ’24AU$0.45
AU$0.67
+49.2%
30.2%AU$1.15AU$0.52n/a7
Mar ’24AU$0.47
AU$0.69
+49.3%
29.0%AU$1.15AU$0.52n/a9
Feb ’24AU$0.50
AU$0.80
+60.2%
39.5%AU$1.50AU$0.52n/a9
Jan ’24AU$0.52
AU$0.89
+71.4%
40.2%AU$1.50AU$0.55n/a9
Dec ’23AU$0.57
AU$0.89
+55.0%
40.2%AU$1.50AU$0.55n/a9
Nov ’23AU$0.54
AU$0.89
+65.0%
40.2%AU$1.50AU$0.55n/a9
Oct ’23AU$0.63
AU$1.27
+102.3%
25.8%AU$1.80AU$0.90n/a9
Sep ’23AU$0.72
AU$1.32
+83.5%
24.2%AU$1.80AU$0.92n/a8
Aug ’23AU$1.15
AU$1.68
+46.4%
30.3%AU$2.30AU$0.93n/a7
Jul ’23AU$0.90
AU$1.83
+103.7%
38.1%AU$3.00AU$0.93n/a7
Jun ’23AU$0.98
AU$2.03
+106.5%
25.9%AU$3.00AU$1.30n/a7
May ’23AU$1.14
AU$2.38
+109.2%
20.4%AU$3.00AU$1.45AU$0.398
Apr ’23AU$1.53
AU$2.73
+78.4%
17.2%AU$3.80AU$2.25AU$0.458
Mar ’23AU$1.97
AU$2.73
+38.9%
17.2%AU$3.80AU$2.25AU$0.478
Feb ’23AU$1.85
AU$2.99
+62.2%
16.4%AU$3.80AU$2.55AU$0.508
Jan ’23AU$3.27
AU$4.81
+47.0%
20.8%AU$6.50AU$3.45AU$0.529
Dec ’22AU$3.38
AU$5.16
+52.5%
16.6%AU$6.50AU$4.00AU$0.577
Nov ’22AU$4.13
AU$5.35
+29.5%
16.4%AU$6.50AU$4.00AU$0.545
Oct ’22AU$4.35
AU$4.94
+13.6%
16.6%AU$6.00AU$4.00AU$0.633
Sep ’22AU$4.19
AU$4.94
+18.0%
16.6%AU$6.00AU$4.00AU$0.723
Aug ’22AU$3.24
AU$5.13
+58.2%
20.2%AU$6.50AU$4.00AU$1.153
Jul ’22AU$3.61
AU$5.13
+42.1%
20.2%AU$6.50AU$4.00AU$0.903
Jun ’22AU$3.34
AU$5.13
+53.5%
20.2%AU$6.50AU$4.00AU$0.983
May ’22AU$4.10
AU$5.66
+38.1%
11.7%AU$6.50AU$4.88AU$1.143

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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