Ionik Corporation

TSXV:INIK Stock Report

Market Cap: CA$29.4m

Ionik Valuation

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

Below Fair Value: INIK (CA$0.1) is trading below our estimate of fair value (CA$0.25)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for INIK. This is calculated by dividing INIK's market cap by their current revenue.
What is INIK's PS Ratio?
PS Ratio0.1x
SalesUS$159.79m
Market CapUS$20.96m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for INIK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.9x
SPN Snipp Interactive
0.6x4.6%CA$21.5m
SBIO Sabio Holdings
0.4x10.0%CA$23.6m
PMKR Playmaker Capital
2.1x7.1%CA$165.8m
ADX Advantex Marketing International
0.4xn/aCA$1.3m
INIK Ionik
0.1x14.5%CA$29.4m

Price-To-Sales vs Peers: INIK is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

How does INIK's PS Ratio compare vs other companies in the CA Media Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.0.8x3.8%
INIK Ionik
 0.1x14.5%US$20.96m
TVA.B TVA Group
0.08x-4.4%US$29.27m
CJR.B Corus Entertainment
0.02x-7.3%US$15.64m
INIK 0.1xIndustry Avg. 0.8xNo. of Companies5PS00.81.62.43.24+
4 CompaniesEstimated GrowthMarket Cap
Industry Avg.0.8x13.9%
INIK Ionik
 0.1xn/aUS$20.96m
No more companies

Price-To-Sales vs Industry: INIK is good value based on its Price-To-Sales Ratio (0.1x) compared to the North American Media industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is INIK'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.

INIK PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.1x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: INIK is good value based on its Price-To-Sales Ratio (0.1x) 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 INIK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$0.10
CA$0.33
+225.0%
7.7%CA$0.35CA$0.30n/a2
Nov ’25CA$0.12
CA$0.32
+163.9%
7.4%CA$0.35CA$0.30n/a3
Oct ’25CA$0.12
CA$0.32
+175.4%
7.4%CA$0.35CA$0.30n/a3
Sep ’25CA$0.12
CA$0.32
+163.9%
7.4%CA$0.35CA$0.30n/a3
Aug ’25CA$0.12
CA$0.32
+163.9%
7.4%CA$0.35CA$0.30n/a3
Jul ’25CA$0.15
CA$0.32
+111.1%
7.4%CA$0.35CA$0.30n/a3
Jun ’25CA$0.15
CA$0.32
+104.3%
7.4%CA$0.35CA$0.30n/a3
May ’25CA$0.12
CA$0.35
+204.3%
11.7%CA$0.40CA$0.30n/a3
Dec ’24CA$0.20
CA$0.45
+125.0%
15.7%CA$0.55CA$0.40n/a3
Nov ’24CA$0.17
CA$0.50
+185.7%
14.1%CA$0.55CA$0.40CA$0.123
Oct ’24CA$0.20
CA$0.50
+150.0%
14.1%CA$0.55CA$0.40CA$0.123
Sep ’24CA$0.20
CA$0.50
+143.9%
14.1%CA$0.55CA$0.40CA$0.123
Aug ’24CA$0.20
CA$0.57
+176.4%
25.3%CA$0.75CA$0.40CA$0.123
Jul ’24CA$0.23
CA$0.57
+146.4%
25.3%CA$0.75CA$0.40CA$0.153
Jun ’24CA$0.25
CA$0.55
+120.0%
26.8%CA$0.75CA$0.40CA$0.153
May ’24CA$0.24
CA$0.58
+143.1%
38.5%CA$0.90CA$0.40CA$0.123
Apr ’24CA$0.24
CA$0.58
+138.1%
38.5%CA$0.90CA$0.40CA$0.193
Mar ’24CA$0.28
CA$0.58
+108.3%
38.5%CA$0.90CA$0.40CA$0.153
Feb ’24CA$0.26
CA$0.58
+124.4%
38.5%CA$0.90CA$0.40CA$0.173
Jan ’24CA$0.28
CA$0.58
+108.3%
38.5%CA$0.90CA$0.40CA$0.203
Dec ’23CA$0.28
CA$0.58
+108.3%
38.5%CA$0.90CA$0.40CA$0.203
Nov ’23CA$0.28
CA$0.70
+154.5%
30.9%CA$1.00CA$0.50CA$0.173

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

Discover undervalued companies

Enthusiast Gaming Holdings

CA$23.1m

An integrated gaming entertainment company, engages in the media, content, entertainment and esports, and subscription businesses in the United States, Canada, England and Wales, and internationally.

EGLX

CA$0.15

7D

-14.3%

1Y

-51.6%

Alphabet

US$2.1t

Offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America.

GOOG

US$28.46

7D

-3.6%

1Y

23.7%

Yellow Pages

CA$158.8m

Through its subsidiaries, provides digital and print media, and marketing solutions to small and medium-sized enterprises in Canada.

Y

CA$11.00

7D

-0.3%

1Y

-1.1%