Holding Nov Vek AD Valuation

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

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

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for HNVK. This is calculated by dividing HNVK's market cap by their current revenue.
What is HNVK's PS Ratio?
PS Ratio	3.4x
Sales	лв35.99m
Market Cap	лв121.18m

HNVK 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	4.5x
Enterprise Value/EBITDA	745.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for HNVK 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	10x
DUH Doverie United Holding AD	0.3x	n/a	лв176.7m
BSE Bulgarian Stock Exchange AD	5.3x	n/a	лв98.0m
CAPM Capital Management SPV	32x	n/a	лв147.7m
EAC ELANA Agrocredit AD	2.5x	-20.4%	лв50.9m
HNVK Holding Nov Vek AD	3.4x	n/a	лв121.2m

Price-To-Sales vs Peers: HNVK is good value based on its Price-To-Sales Ratio (3.4x) compared to the peer average (10x).

Price to Sales Ratio vs Industry

How does HNVK's PS Ratio compare vs other companies in the European Diversified Financial Industry?

17 Companies	Price / Sales	Estimated Growth	Market Cap

17 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: HNVK is expensive based on its Price-To-Sales Ratio (3.4x) compared to the European Diversified Financial industry average (2x).

Price to Sales Ratio vs Fair Ratio

What is HNVK'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.

HNVK PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	3.4x
Fair PS Ratio	n/a

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