Zamp Valuation

Is ZAMP3 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 ZAMP3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ZAMP3 (R$2.93) is trading below our estimate of fair value (R$5.86)

Significantly Below Fair Value: ZAMP3 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ZAMP3?

Key metric: As ZAMP3 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for ZAMP3. This is calculated by dividing ZAMP3's market cap by their current revenue.
What is ZAMP3's PS Ratio?
PS Ratio	0.2x
Sales	R$4.33b
Market Cap	R$777.95m

ZAMP3 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	0.5x
Enterprise Value/EBITDA	6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does ZAMP3's PS Ratio compare to its peers?

The above table shows the PS ratio for ZAMP3 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	0.4x
MEAL3 International Meal Company Alimentação	0.2x	n/a	R$376.8m
CVCB3 CVC Brasil Operadora e Agência de Viagens	0.9x	6.5%	R$1.3b
ANIM3 Anima Holding	0.2x	4.1%	R$917.8m
SEER3 Ser Educacional	0.5x	6.1%	R$873.7m
ZAMP3 Zamp	0.2x	7.0%	R$134.0m

Price-To-Sales vs Peers: ZAMP3 is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.4x).

Price to Sales Ratio vs Industry

How does ZAMP3's PS Ratio compare vs other companies in the South American Hospitality Industry?

4 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	0.9x	12.2%
ZAMP3 Zamp	0.2x	7.0%	US$134.00m

4 Companies		Estimated Growth	Market Cap
Industry Avg.	0.9x	25.2%
ZAMP3 Zamp	0.2x	65.5%	US$134.00m

No more companies

Price-To-Sales vs Industry: ZAMP3 is good value based on its Price-To-Sales Ratio (0.2x) compared to the South American Hospitality industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

What is ZAMP3'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.

ZAMP3 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	0.6x

Price-To-Sales vs Fair Ratio: ZAMP3 is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

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.