Avemio Valuation

Is 3D6 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

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 3D6 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3D6 (€7.8) is trading below our estimate of fair value (€34.28)

Significantly Below Fair Value: 3D6 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3D6?

Key metric: As 3D6 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 3D6. This is calculated by dividing 3D6's market cap by their current revenue.
What is 3D6's PS Ratio?
PS Ratio	0.3x
Sales	€95.94m
Market Cap	€29.89m

3D6 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	-24.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 3D6's PS Ratio compare to its peers?

The above table shows the PS ratio for 3D6 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
BDT Bertrandt	0.1x	3.2%	€170.3m
OJ2 Calvert International	0.6x	n/a	€2.3m
FPH Francotyp-Postalia Holding	0.1x	-23.0%	€33.4m
EDD3 edding	0.2x	n/a	€40.8m
3D6 Avemio	0.3x	6.2%	€29.9m

Price-To-Sales vs Peers: 3D6 is expensive based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.3x).

Price to Sales Ratio vs Industry

How does 3D6's PS Ratio compare vs other companies in the European Professional Services Industry?

24 Companies	Price / Sales	Estimated Growth	Market Cap

24 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 3D6 is good value based on its Price-To-Sales Ratio (0.3x) compared to the European Professional Services industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is 3D6'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.

3D6 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.3x
Fair PS Ratio	0.09x

Price-To-Sales vs Fair Ratio: 3D6 is expensive based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (0.1x).

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.