Tesmec Valuation

Is 2GV 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 2GV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2GV (€0.05) is trading below our estimate of fair value (€0.06)

Significantly Below Fair Value: 2GV is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2GV?

Key metric: As 2GV is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 2GV. This is calculated by dividing 2GV's market cap by their current revenue.
What is 2GV's PS Ratio?
PS Ratio	0.1x
Sales	€247.43m
Market Cap	€34.96m

2GV 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	1x
Enterprise Value/EBITDA	12.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 2GV's PS Ratio compare to its peers?

The above table shows the PS ratio for 2GV 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	0.3x
MSAG MS Industrie	0.2x	-2.6%	€39.9m
S188 SMT Scharf	0.6x	16.7%	€41.3m
SF3 STS Group	0.08x	4.2%	€23.5m
DEZ DEUTZ	0.3x	11.6%	€548.1m
2GV Tesmec	0.1x	7.4%	€35.0m

Price-To-Sales vs Peers: 2GV is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.3x).

Price to Sales Ratio vs Industry

How does 2GV's PS Ratio compare vs other companies in the DE Machinery Industry?

5 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	0.5x	4.6%
2GV Tesmec	0.1x	7.4%	US$36.94m
HDD Heidelberger Druckmaschinen	0.1x	4.3%	US$288.37m
SF3 STS Group	0.08x	4.2%	US$24.83m

5 Companies		Estimated Growth	Market Cap
Industry Avg.	0.5x	13.0%
2GV Tesmec	0.1x	100.1%	US$36.94m

No more companies

Price-To-Sales vs Industry: 2GV is good value based on its Price-To-Sales Ratio (0.1x) compared to the German Machinery industry average (0.5x).

Price to Sales Ratio vs Fair Ratio

What is 2GV'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.

2GV PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.1x
Fair PS Ratio	0.2x

Price-To-Sales vs Fair Ratio: 2GV is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0.2x).

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

Heidelberger Druckmaschinen

€272.7m

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

€0.90

0.4%

-28.9%

Stabilus

€815.1m

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

€33.00

1.2%

-43.9%

Finning International

CA$5.2b

Sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally.

CIH

CA$25.40

1.6%

11.4%