Heidelberger Druckmaschinen Valuation

Q: What is the Fair Price of 000682694 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

000682694 (CHF1.52) is trading below our estimate of [[fair value]] (CHF8.12)

Is 000682694 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 000682694 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000682694 (CHF1.52) is trading below our estimate of fair value (CHF8.12)

Significantly Below Fair Value: 000682694 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 000682694?

Key metric: As 000682694 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 000682694. This is calculated by dividing 000682694's market cap by their current revenue.
What is 000682694's PS Ratio?
PS Ratio	0.1x
Sales	€2.26b
Market Cap	€284.55m

000682694 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	0.1x
Enterprise Value/EBITDA	11.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 000682694's PS Ratio compare to its peers?

The above table shows the PS ratio for 000682694 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	0.6x
MIKN Mikron Holding	0.6x	n/a	CHF 248.2m
STGN StarragTornos Group	0.5x	5.6%	CHF 209.8m
RIEN Rieter Holding	0.4x	7.6%	CHF 402.9m
BYS Bystronic	0.8x	1.0%	CHF 663.8m
000682694 Heidelberger Druckmaschinen	0.1x	4.2%	CHF 284.6m

Price-To-Sales vs Peers: 000682694 is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.6x).

Price to Sales Ratio vs Industry

How does 000682694's PS Ratio compare vs other companies in the CH Machinery Industry?

1 Company	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	0.9x	5.7%
000682694 Heidelberger Druckmaschinen	0.1x	4.2%	US$299.56m

No more companies available in this PS range

1 Company		Estimated Growth	Market Cap
Industry Avg.	0.9x	12.6%
000682694 Heidelberger Druckmaschinen	0.1x	66.7%	US$299.56m

No more companies

Price-To-Sales vs Industry: 000682694 is good value based on its Price-To-Sales Ratio (0.1x) compared to the Swiss Machinery industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

What is 000682694'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.

000682694 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.1x
Fair PS Ratio	0.9x

Price-To-Sales vs Fair Ratio: 000682694 is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).

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.

Discover undervalued companies

Zehnder Group

CHF 603.2m

Develops, manufactures, and sells indoor climate systems in Europe, North America, and China.

ZEHNE

CHF 54.60

-1.3%

5.6%

HOCHTIEF

€8.6b

Engages in the construction business worldwide.

336340

€146.50

Varta

€106.7m

Through its subsidiaries, engages in the research, development, production, and sale of micro and household batteries, large-format batteries, battery solutions, and energy storage systems in Europe, Asia, North America, and internationally.

VAR1

€200.00