Baylin Technologies Valuation

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

BYL (CA$0.47) is trading below our estimate of [[fair value]] (CA$1.29)

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: BYL (CA$0.47) is trading below our estimate of fair value (CA$1.29)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for BYL. This is calculated by dividing BYL's market cap by their current revenue.
What is BYL's PS Ratio?
PS Ratio	1x
Sales	CA$72.26m
Market Cap	CA$71.66m

BYL 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	1.4x
Enterprise Value/EBITDA	-21.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for BYL 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	6.4x
FTG Firan Technology Group	1.2x	10.5%	CA$182.9m
GRID Tantalus Systems Holding	1.5x	17.6%	CA$85.9m
LPS Legend Power Systems	21.4x	n/a	CA$29.7m
GSI Gatekeeper Systems	1.7x	n/a	CA$58.1m
BYL Baylin Technologies	1x	12.6%	CA$71.7m

Price-To-Sales vs Peers: BYL is good value based on its Price-To-Sales Ratio (1x) compared to the peer average (6.4x).

Price to Sales Ratio vs Industry

How does BYL's PS Ratio compare vs other companies in the CA Electronic Industry?

3 Companies	Price / Sales	Estimated Growth	Market Cap
ACU Aurora Solar Technologies	0.5x	n/a	US$3.97m
AAT ATI Airtest Technologies	0.5x	n/a	US$703.16k
VOTI.H VOTI Detection	0.05x	n/a	US$700.42k

No more companies available in this PS range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: BYL is good value based on its Price-To-Sales Ratio (1x) compared to the North American Electronic industry average (2x).

Price to Sales Ratio vs Fair Ratio

What is BYL'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.

BYL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1x
Fair PS Ratio	1x

Price-To-Sales vs Fair Ratio: BYL is expensive based on its Price-To-Sales Ratio (1x) compared to the estimated Fair Price-To-Sales Ratio (1x).

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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