Saltire Capital Valuation

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

Below Fair Value: SLT.U ($11.78) is trading above our estimate of fair value ($9.43)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for SLT.U?

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

The above table shows the Price to Sales ratio for SLT.U. This is calculated by dividing SLT.U's market cap by their current revenue.
What is SLT.U's PS Ratio?
PS Ratio3.8x
SalesUS$16.27m
Market CapUS$62.25m

Price to Sales Ratio vs Peers

How does SLT.U's PS Ratio compare to its peers?

The above table shows the PS ratio for SLT.U vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average6.4x
LPC Lorne Park Capital Partners
2.1xn/aCA$68.9m
WCM.A Wilmington Capital Management
13.5xn/aCA$39.2m
NFD.A Northfield Capital
5.9xn/aCA$54.3m
CKI Clarke
4xn/aCA$329.3m
SLT.U Saltire Capital
3.8xn/aUS$62.2m

Price-To-Sales vs Peers: SLT.U is good value based on its Price-To-Sales Ratio (3.8x) compared to the peer average (6.4x).


Price to Sales Ratio vs Industry

How does SLT.U's PS Ratio compare vs other companies in the CA Capital Markets Industry?

10 CompaniesPrice / SalesEstimated GrowthMarket Cap
CF Canaccord Genuity Group
0.6x11.2%US$701.78m
RCG RF Capital Group
0.3x13.7%US$81.23m
VOYG Voyager Digital
0.1x13.0%US$49.65m
MAR.UN Marwest Apartment Real Estate Investment Trust
0.7xn/aUS$11.02m
SLT.U 3.8xIndustry Avg. 2.2xNo. of Companies10PS03.67.210.814.418+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SLT.U is expensive based on its Price-To-Sales Ratio (3.8x) compared to the Canadian Capital Markets industry average (2.5x).


Price to Sales Ratio vs Fair Ratio

What is SLT.U'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.

SLT.U PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.8x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate SLT.U'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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