Admicasa Holding Valuation

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

ADMI (CHF6) is trading above our estimate of [[fair value]] (CHF0)

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: ADMI (CHF6) is trading above our estimate of fair value (CHF0)

Significantly Below Fair Value: ADMI is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for ADMI. This is calculated by dividing ADMI's market cap by their current revenue.
What is ADMI's PS Ratio?
PS Ratio	0.9x
Sales	CHF 14.25m
Market Cap	CHF 13.33m

ADMI 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	0.8x
Enterprise Value/EBITDA	-5.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ADMI 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	9.4x
INA Ina Invest	16.3x	32.6%	CHF 330.2m
SEAN Swiss Estates	1.5x	12.3%	CHF 11.2m
MAXIMA Promaxima Immobilien	2.8x	n/a	CHF 1.8m
ATTA Comprehensive Land Development and Investment Company (P.L.C)	17.1x	n/a	د.أ10.3m
ADMI Admicasa Holding	0.9x	n/a	CHF 13.3m

Price-To-Sales vs Peers: ADMI is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (9.3x).

Price to Sales Ratio vs Industry

How does ADMI's PS Ratio compare vs other companies in the CH Real Estate Industry?

3 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	9.3x	-5.4%
ADMI Admicasa Holding	0.9x	n/a	US$15.09m
ARON Arundel	0.2x	n/a	US$1.61m
AHAN ACRON HELVETIA I Immobilien	0.4x	n/a	US$381.73k

No more companies available in this PS range

3 Companies		Estimated Growth	Market Cap
Industry Avg.	9.3x	5.9%
ADMI Admicasa Holding	0.9x	n/a	US$15.09m

No more companies

Price-To-Sales vs Industry: ADMI is good value based on its Price-To-Sales Ratio (0.9x) compared to the Swiss Real Estate industry average (9.3x).

Price to Sales Ratio vs Fair Ratio

What is ADMI'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.

ADMI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.9x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate ADMI's Price-To-Sales 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.

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