Fossil Group Valuation

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

FSL (€1.07) is trading below our estimate of [[fair value]] (€91.72)

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

Below Fair Value: FSL (€1.07) is trading below our estimate of fair value (€91.72)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for FSL. This is calculated by dividing FSL's market cap by their current revenue.
What is FSL's PS Ratio?
PS Ratio	0.06x
Sales	US$1.22b
Market Cap	US$75.54m

FSL 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	0.2x
Enterprise Value/EBITDA	-6.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for FSL 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
ELB elumeo	0.3x	6.4%	€12.8m
BIJ Bijou Brigitte modische Accessoires	0.8x	n/a	€264.5m
DIE Dierig Holding	0.8x	n/a	€38.0m
BOSS Hugo Boss	0.6x	4.4%	€2.6b
FSL Fossil Group	0.06x	n/a	€75.5m

Price-To-Sales vs Peers: FSL is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.6x).

Price to Sales Ratio vs Industry

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

17 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	0.7x	6.6%
FSL Fossil Group	0.06x	n/a	US$75.54m

17 Companies		Estimated Growth	Market Cap
Industry Avg.	0.7x	10.2%
FSL Fossil Group	0.06x	n/a	US$75.54m

No more companies

Price-To-Sales vs Industry: FSL is good value based on its Price-To-Sales Ratio (0.1x) compared to the European Luxury industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is FSL'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.

FSL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.06x
Fair PS Ratio	n/a

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