Avemio Valuation

Is 3D60 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-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 3D60 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3D60 (€48) is trading below our estimate of fair value (€109.78)

Significantly Below Fair Value: 3D60 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3D60?

Key metric: As 3D60 is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for 3D60. This is calculated by dividing 3D60's market cap by their current book value.
What is 3D60's PB Ratio?
PB Ratio	898.7x
Book	€161.06k
Market Cap	€144.75m

3D60 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	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does 3D60's PB Ratio compare to its peers?

The above table shows the PB ratio for 3D60 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	1.6x
BDT Bertrandt	0.4x	64.3%	€182.4m
APQ Aquamondi	2.2x	n/a	€2.5m
OJ2 Calvert International	0.8x	n/a	€2.3m
AAD Amadeus FiRe	2.8x	7.2%	€418.3m
3D60 Avemio	898.7x	71.3%	€144.7m

Price-To-Book vs Peers: 3D60 is expensive based on its Price-To-Book Ratio (898.7x) compared to the peer average (1.5x).

Price to Book Ratio vs Industry

How does 3D60's PB Ratio compare vs other companies in the European Professional Services Industry?

7 Companies	Price / Book	Estimated Growth	Market Cap

7 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: 3D60 is expensive based on its Price-To-Book Ratio (898.7x) compared to the European Professional Services industry average (2.2x).

Price to Book Ratio vs Fair Ratio

What is 3D60's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

3D60 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	898.7x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate 3D60's Price-To-Book 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.