elumeo Valuation

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

ELB (€2.22) is trading below our estimate of [[fair value]] (€6.49)

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: ELB (€2.22) is trading below our estimate of fair value (€6.49)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for ELB. This is calculated by dividing ELB's market cap by their current revenue.
What is ELB's PS Ratio?
PS Ratio	0.3x
Sales	€45.58m
Market Cap	€12.60m

ELB 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	0.3x
Enterprise Value/EBITDA	-5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ELB 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
BIJ Bijou Brigitte modische Accessoires	0.8x	n/a	€269.5m
VFF Vereinigte Filzfabriken	0.8x	n/a	€19.2m
DIE Dierig Holding	0.8x	n/a	€37.7m
NBH Hoftex Group	0.2x	n/a	€32.7m
ELB elumeo	0.3x	6.4%	€12.6m

Price-To-Sales vs Peers: ELB is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.6x).

Price to Sales Ratio vs Industry

How does ELB's PS Ratio compare vs other companies in the European Luxury Industry?

16 Companies	Price / Sales	Estimated Growth	Market Cap

16 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: ELB is good value based on its Price-To-Sales Ratio (0.3x) compared to the European Luxury industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is ELB'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.

ELB PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.3x
Fair PS Ratio	0.2x

Price-To-Sales vs Fair Ratio: ELB is expensive based on its Price-To-Sales Ratio (0.3x) 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: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.