Advanex Valuation

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

Below Fair Value: DCV (€4.64) is trading above our estimate of fair value (€3.15)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for DCV. This is calculated by dividing DCV's market cap by their current revenue.
What is DCV's PS Ratio?
PS Ratio	0.1x
Sales	JP¥27.15b
Market Cap	JP¥3.13b

DCV 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	0.5x
Enterprise Value/EBITDA	5.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for DCV 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
DAR DATRON	0.5x	5.0%	€29.7m
SNG Singulus Technologies	0.2x	17.4%	€11.9m
SCM SCHUMAG	0.2x	8.1%	€11.2m
ALXA Alexanderwerk	1.5x	1.5%	€52.9m
DCV Advanex	0.1x	n/a	€3.1b

Price-To-Sales vs Peers: DCV 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 DCV'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%
DCV Advanex	0.1x	n/a	US$20.71m
HDD Heidelberger Druckmaschinen	0.1x	4.3%	US$287.58m
SF3 STS Group	0.08x	4.2%	US$24.83m

5 Companies		Estimated Growth	Market Cap
Industry Avg.	0.5x	13.0%
DCV Advanex	0.1x	n/a	US$20.71m

No more companies

Price-To-Sales vs Industry: DCV 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 DCV'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.

DCV PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.1x
Fair PS Ratio	n/a

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

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%