illumin Holdings Inc.

TSX:ILLM Stock Report

Market Cap: CA$89.0m

illumin Holdings Valuation

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

Below Fair Value: ILLM (CA$1.73) is trading below our estimate of fair value (CA$16.86)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for ILLM. This is calculated by dividing ILLM's market cap by their current revenue.
What is ILLM's PS Ratio?
PS Ratio0.7x
SalesCA$127.47m
Market CapCA$88.96m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ILLM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.7x
EQ EQ
7.8xn/aCA$75.9m
Y Yellow Pages
0.7x-10.5%CA$151.8m
FORA VerticalScope Holdings
1.9x8.7%CA$179.8m
EGLX Enthusiast Gaming Holdings
0.3x-0.4%CA$27.0m
ILLM illumin Holdings
0.7x9.1%CA$89.0m

Price-To-Sales vs Peers: ILLM is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (2.7x).

Price to Sales Ratio vs Industry

How does ILLM's PS Ratio compare vs other companies in the CA Interactive Media and Services Industry?

13 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.1.3x10.8%
ILLM illumin Holdings
 0.7x9.1%US$63.63m
MDF mdf commerce
2.1x4.1%US$186.76m
FORA VerticalScope Holdings
1.9x8.7%US$128.61m
ILLM 0.7xIndustry Avg. 1.3xNo. of Companies13PS01224364860+
13 CompaniesEstimated GrowthMarket Cap
Industry Avg.1.3x12.2%
ILLM illumin Holdings
 0.7x123.3%US$63.63m
No more companies

Price-To-Sales vs Industry: ILLM is good value based on its Price-To-Sales Ratio (0.7x) compared to the North American Interactive Media and Services industry average (1.3x).

Price to Sales Ratio vs Fair Ratio

What is ILLM'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.

ILLM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.7x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: ILLM is expensive based on its Price-To-Sales Ratio (0.7x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ILLM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$1.73
CA$2.90
+68.1%
11.7%CA$3.25CA$2.25n/a5
Nov ’25CA$1.67
CA$2.75
+64.7%
16.3%CA$3.25CA$2.00n/a5
Oct ’25CA$1.72
CA$2.65
+54.1%
23.6%CA$3.25CA$1.50n/a5
Sep ’25CA$1.55
CA$2.65
+71.0%
23.6%CA$3.25CA$1.50n/a5
Aug ’25CA$1.64
CA$2.75
+67.7%
20.7%CA$3.25CA$1.75n/a5
Jul ’25CA$1.42
CA$2.83
+99.3%
22.1%CA$3.40CA$1.75n/a5
Jun ’25CA$1.48
CA$2.83
+91.2%
22.1%CA$3.40CA$1.75n/a5
May ’25CA$1.68
CA$2.83
+68.5%
22.1%CA$3.40CA$1.75n/a5
Apr ’25CA$1.66
CA$2.83
+70.5%
22.1%CA$3.40CA$1.75n/a5
Mar ’25CA$1.69
CA$2.98
+76.3%
22.2%CA$3.90CA$2.00n/a5
Feb ’25CA$1.92
CA$2.98
+55.2%
22.2%CA$3.90CA$2.00n/a5
Jan ’25CA$1.59
CA$2.98
+87.4%
22.2%CA$3.90CA$2.00n/a5
Dec ’24CA$1.49
CA$2.98
+100.0%
22.2%CA$3.90CA$2.00n/a5
Nov ’24CA$1.47
CA$3.60
+144.9%
16.2%CA$4.50CA$3.00CA$1.675
Oct ’24CA$1.82
CA$3.70
+103.3%
13.8%CA$4.50CA$3.00CA$1.725
Sep ’24CA$2.48
CA$3.70
+49.2%
13.8%CA$4.50CA$3.00CA$1.555
Aug ’24CA$2.44
CA$3.65
+49.6%
18.2%CA$4.50CA$2.50CA$1.645
Jul ’24CA$2.22
CA$3.65
+64.4%
18.2%CA$4.50CA$2.50CA$1.425
Jun ’24CA$2.37
CA$3.65
+54.0%
18.2%CA$4.50CA$2.50CA$1.485
May ’24CA$1.96
CA$3.75
+91.3%
13.3%CA$4.50CA$3.00CA$1.685
Apr ’24CA$2.14
CA$3.75
+75.2%
13.3%CA$4.50CA$3.00CA$1.665
Mar ’24CA$2.25
CA$3.55
+57.8%
16.3%CA$4.50CA$2.75CA$1.695
Feb ’24CA$2.40
CA$3.55
+47.9%
16.3%CA$4.50CA$2.75CA$1.925
Jan ’24CA$2.09
CA$3.75
+79.4%
11.2%CA$4.50CA$3.25CA$1.595
Dec ’23CA$2.54
CA$3.75
+47.6%
11.2%CA$4.50CA$3.25CA$1.495
Nov ’23CA$2.17
CA$4.63
+113.1%
21.6%CA$6.00CA$3.00CA$1.476

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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