A.S. Création Tapeten Valuation

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

ACWN (€6.8) is trading below our estimate of [[fair value]] (€11.08)

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: ACWN (€6.8) is trading below our estimate of fair value (€11.08)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for ACWN. This is calculated by dividing ACWN's market cap by their current revenue.
What is ACWN's PS Ratio?
PS Ratio	0.2x
Sales	€113.76m
Market Cap	€18.47m

ACWN 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	0.1x
Enterprise Value/EBITDA	26.1x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ACWN 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	0.4x
SUR Surteco Group	0.4x	4.4%	€302.4m
VFF Vereinigte Filzfabriken	0.8x	n/a	€19.2m
ELB elumeo	0.3x	6.4%	€12.5m
BAG Brilliant	0.09x	n/a	€5.9m
ACWN A.S. Création Tapeten	0.2x	2.8%	€18.5m

Price-To-Sales vs Peers: ACWN is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.4x).

Price to Sales Ratio vs Industry

How does ACWN's PS Ratio compare vs other companies in the European Consumer Durables Industry?

13 Companies	Price / Sales	Estimated Growth	Market Cap

13 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: ACWN is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Consumer Durables industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is ACWN'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.

ACWN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	0.2x

Price-To-Sales vs Fair Ratio: ACWN is good value based on its Price-To-Sales Ratio (0.2x) 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.