SMT Scharf AG

XTRA:S188 Stock Report

Market Cap: €41.6m

SMT Scharf Valuation

Is S188 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 S188 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: S188 (€7.6) is trading above our estimate of fair value (€6.35)

Significantly Below Fair Value: S188 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for S188?

Key metric: As S188 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for S188. This is calculated by dividing S188's market cap by their current revenue.
What is S188's PS Ratio?
PS Ratio0.6x
Sales€69.49m
Market Cap€41.59m

Price to Sales Ratio vs Peers

How does S188's PS Ratio compare to its peers?

The above table shows the PS ratio for S188 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.3x
MSAG MS Industrie
0.2x-2.6%€39.9m
SF3 STS Group
0.08x4.2%€23.5m
DEZ DEUTZ
0.3x11.6%€562.5m
JST JOST Werke
0.6x4.1%€629.5m
S188 SMT Scharf
0.6x16.7%€41.6m

Price-To-Sales vs Peers: S188 is expensive based on its Price-To-Sales Ratio (0.6x) compared to the peer average (0.3x).

Price to Sales Ratio vs Industry

How does S188's PS Ratio compare vs other companies in the DE Machinery Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
HDD Heidelberger Druckmaschinen
0.1x4.3%US$292.70m
SF3 STS Group
0.08x4.2%US$24.60m
GRF Greiffenberger
0.07xn/aUS$4.33m
SCM SCHUMAG
0.04xn/aUS$1.89m
No more companies available in this PS range
S188 0.6xIndustry Avg. 0.5xNo. of Companies11PS00.61.21.82.43+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: S188 is expensive based on its Price-To-Sales Ratio (0.6x) compared to the German Machinery industry average (0.5x).

Price to Sales Ratio vs Fair Ratio

What is S188'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.

S188 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: S188 is good value based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

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 S188 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€7.60
€13.00
+71.1%
7.7%€14.00€12.00n/a2
Apr ’25€6.80
€11.25
+65.4%
2.2%€11.50€11.00n/a2
Mar ’25€6.90
€11.75
+70.3%
2.1%€12.00€11.50n/a2
Feb ’25€6.30
€11.75
+86.5%
2.1%€12.00€11.50n/a2
Jan ’25€6.40
€11.75
+83.6%
2.1%€12.00€11.50n/a2
Dec ’24€6.30
€11.75
+86.5%
2.1%€12.00€11.50n/a2
Nov ’24€6.45
€11.25
+74.4%
2.2%€11.50€11.00€8.152
Oct ’24€6.05
€11.25
+86.0%
2.2%€11.50€11.00€8.402
Sep ’24€6.55
€11.25
+71.8%
2.2%€11.50€11.00€7.552
Aug ’24€9.70
€15.50
+59.8%
9.7%€17.00€14.00€7.402
Jul ’24€9.75
€15.50
+59.0%
9.7%€17.00€14.00€6.602
Jun ’24€9.40
€16.57
+76.2%
11.7%€18.70€14.00€6.703
May ’24€9.65
€16.57
+71.7%
11.7%€18.70€14.00€6.703
Apr ’24€10.50
€19.40
+84.8%
7.8%€21.50€18.00€6.803
Mar ’24€11.30
€19.40
+71.7%
7.8%€21.50€18.00€6.903
Feb ’24€11.80
€19.40
+64.4%
7.8%€21.50€18.00€6.303
Jan ’24€11.60
€19.40
+67.2%
7.8%€21.50€18.00€6.403
Dec ’23€11.60
€18.23
+57.2%
1.8%€18.70€18.00€6.303

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

Heidelberger Druckmaschinen

€279.4m

Manufactures, sells, and deals in printing presses and other print media industry products in Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

HDD

€0.92

7D

-3.0%

1Y

-26.4%

Stabilus

€822.5m

Engages in the manufacture and sale of gas springs, dampers, vibration isolation products, and electric tailgate opening and closing equipment in Europe, the Middle East, Africa, North and South America, the Asia-Pacific, and internationally.

STM

€33.30

7D

-3.5%

1Y

-41.9%

Kajima

JP¥1.3t

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KAJ

JP¥16.50

7D

0.6%

1Y

16.2%