Therma Bright Valuation

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

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

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

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

Key Valuation Metric

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

Key metric: As THRM barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for THRM. This is calculated by dividing THRM's market cap by their current book value.
What is THRM's PB Ratio?
PB Ratio	10.2x
Book	CA$1.32m
Market Cap	CA$9.03m

THRM 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	1512.4x
Enterprise Value/EBITDA	-7.7x
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does THRM's PB Ratio compare to its peers?

The above table shows the PB ratio for THRM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	2.2x
ASG Aurora Spine	4.6x	n/a	CA$32.1m
SCYB Scryb	0.4x	n/a	CA$4.8m
NSCI Nanalysis Scientific	1.5x	69.1%	CA$33.9m
PINK Perimeter Medical Imaging AI	2.5x	-11.8%	CA$47.6m
THRM Therma Bright	10.2x	n/a	CA$9.0m

Price-To-Book vs Peers: THRM is expensive based on its Price-To-Book Ratio (10.2x) compared to the peer average (2.2x).

Price to Book Ratio vs Industry

How does THRM's PB Ratio compare vs other companies in the CA Medical Equipment Industry?

2 Companies	Price / Book	Estimated Growth	Market Cap
ASEP ASEP Medical Holdings	0.4x	n/a	US$3.83m
SCYB Scryb	0.4x	n/a	US$3.43m

No more companies available in this PB range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: THRM is expensive based on its Price-To-Book Ratio (10.2x) compared to the North American Medical Equipment industry average (2.6x).

Price to Book Ratio vs Fair Ratio

What is THRM's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

THRM PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	10.2x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate THRM's Price-To-Book 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.