Metacon Valuation

Is M16 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 M16 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: M16 (€0.03) is trading below our estimate of fair value (€0.34)

Significantly Below Fair Value: M16 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for M16?

Key metric: As M16 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for M16. This is calculated by dividing M16's market cap by their current revenue.
What is M16's PS Ratio?
PS Ratio	5.3x
Sales	SEK 25.03m
Market Cap	SEK 133.36m

M16 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	5.2x
Enterprise Value/EBITDA	-1.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does M16's PS Ratio compare to its peers?

The above table shows the PS ratio for M16 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	1.6x
H2O Enapter	2.9x	34.3%	€111.9m
2GB 2G Energy	1.1x	11.9%	€397.4m
EKT Energiekontor	2.3x	27.9%	€587.8m
LMIA LION E-Mobility	0.2x	29.5%	€7.7m
M16 Metacon	5.3x	83.5%	€133.4m

Price-To-Sales vs Peers: M16 is expensive based on its Price-To-Sales Ratio (5.3x) compared to the peer average (1.6x).

Price to Sales Ratio vs Industry

How does M16's PS Ratio compare vs other companies in the DE Electrical Industry?

3 Companies	Price / Sales	Estimated Growth	Market Cap
VAR1 Varta	0.1x	4.3%	US$86.37m
C0M Compleo Charging Solutions	0.1x	27.6%	US$15.58m
LMIA LION E-Mobility	0.2x	29.5%	US$8.08m

No more companies available in this PS range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: M16 is expensive based on its Price-To-Sales Ratio (5.3x) compared to the European Electrical industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is M16'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.

M16 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	5.3x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate M16'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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