GoPro Valuation

Q: What is the Fair Price of GPRO34 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

GPRO34 (R$7.57) is trading below our estimate of [[fair value]] (R$28.85)

Is GPRO34 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 GPRO34 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GPRO34 (R$7.57) is trading below our estimate of fair value (R$28.85)

Significantly Below Fair Value: GPRO34 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GPRO34?

Key metric: As GPRO34 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for GPRO34. This is calculated by dividing GPRO34's market cap by their current revenue.
What is GPRO34's PS Ratio?
PS Ratio	0.2x
Sales	US$896.01m
Market Cap	US$190.36m

GPRO34 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	0.2x
Enterprise Value/EBITDA	-2.1x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does GPRO34's PS Ratio compare to its peers?

The above table shows the PS ratio for GPRO34 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	0.6x
EVEN3 Even Construtora e Incorporadora	0.3x	-14.8%	R$1.2b
TRIS3 Trisul	0.8x	7.7%	R$945.4m
TEND3 Construtora Tenda	0.5x	18.0%	R$1.7b
VSTE3 Veste Estilo	0.8x	7.8%	R$865.3m
GPRO34 GoPro	0.2x	-8.1%	R$190.4m

Price-To-Sales vs Peers: GPRO34 is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.6x).

Price to Sales Ratio vs Industry

How does GPRO34's PS Ratio compare vs other companies in the BR Consumer Durables Industry?

1 Company	Price / Sales	Estimated Growth	Market Cap
SGPS3 Springs Global Participações	0.02x	n/a	US$2.85m

No more companies available in this PS range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: GPRO34 is good value based on its Price-To-Sales Ratio (0.2x) compared to the South American Consumer Durables industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

What is GPRO34'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.

GPRO34 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	0.3x

Price-To-Sales vs Fair Ratio: GPRO34 is good value based on its Price-To-Sales Ratio (0.2x) 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.