Bally's Valuation

Is 358 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 358 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 358 (€16.7) is trading below our estimate of fair value (€21.47)

Significantly Below Fair Value: 358 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 358?

Key metric: As 358 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 358. This is calculated by dividing 358's market cap by their current revenue.
What is 358's PS Ratio?
PS Ratio	0.3x
Sales	US$2.48b
Market Cap	US$721.02m

358 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	2.3x
Enterprise Value/EBITDA	22.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 358's PS Ratio compare to its peers?

The above table shows the PS ratio for 358 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	2.3x
TIMA ZEAL Network	6.3x	12.9%	€944.3m
EMH pferdewetten.de	1.3x	27.1%	€26.8m
ACX bet-at-home.com	0.4x	9.0%	€17.8m
HTG HomeToGo	1.2x	13.6%	€247.6m
358 Bally's	0.3x	2.2%	€721.0m

Price-To-Sales vs Peers: 358 is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (2.3x).

Price to Sales Ratio vs Industry

How does 358's PS Ratio compare vs other companies in the DE Hospitality Industry?

2 Companies	Price / Sales	Estimated Growth	Market Cap
MS1 Marley Spoon Group	0.08x	10.0%	US$14.42m
9UX Hostmore	0.0006x	n/a	US$138.43k

No more companies available in this PS range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 358 is good value based on its Price-To-Sales Ratio (0.3x) compared to the European Hospitality industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is 358'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.

358 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.3x
Fair PS Ratio	1x

Price-To-Sales vs Fair Ratio: 358 is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 358 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	€16.70	€17.17 +2.8%	2.5%	€17.41	€16.22	n/a	6
Nov ’25	€15.80	€16.40 +3.8%	2.5%	€16.63	€15.49	n/a	6
Oct ’25	€15.40	€16.13 +4.7%	2.3%	€16.35	€15.23	n/a	7
Sep ’25	€15.30	€16.05 +4.9%	10.7%	€16.91	€11.63	n/a	8
Aug ’25	€15.70	€16.05 +2.2%	10.7%	€16.91	€11.63	n/a	8
Jul ’25	€10.90	€11.48 +5.4%	20.6%	€14.92	€8.39	n/a	8
Jun ’25	€10.50	€11.48 +9.4%	20.6%	€14.92	€8.39	n/a	8
May ’25	€12.60	€11.16 -11.4%	19.6%	€14.95	€8.41	n/a	9
Apr ’25	€12.70	€10.57 -16.8%	17.2%	€13.78	€8.27	n/a	9
Mar ’25	€10.20	€10.51 +3.1%	18.1%	€13.86	€8.32	n/a	8
Feb ’25	€10.20	€11.66 +14.3%	22.5%	€16.54	€8.27	n/a	8
Jan ’25	€12.70	€10.96 -13.7%	26.4%	€16.79	€7.93	n/a	8
Dec ’24	€10.40	€10.96 +5.4%	26.4%	€16.79	€7.93	n/a	8
Nov ’24	€8.45	€13.54 +60.3%	30.2%	€19.87	€8.04	€15.80	8
Oct ’24	€12.30	€18.62 +51.4%	23.7%	€27.59	€13.79	€15.40	8
Sep ’24	€15.10	€18.62 +23.3%	23.7%	€27.59	€13.79	€15.30	8
Aug ’24	€14.60	€19.64 +34.5%	26.5%	€31.43	€15.26	€15.70	8
Jul ’24	€14.00	€20.58 +47.0%	27.2%	€32.55	€15.81	€10.90	8
Jun ’24	€12.50	€20.58 +64.6%	27.2%	€32.55	€15.81	€10.50	8
May ’24	€15.50	€22.59 +45.8%	17.6%	€30.12	€18.26	€12.60	8
Apr ’24	€17.20	€23.39 +36.0%	17.6%	€31.19	€18.90	€12.70	8
Mar ’24	€18.60	€23.46 +26.1%	17.6%	€31.28	€18.96	€10.20	8
Feb ’24	€18.00	€23.37 +29.8%	14.8%	€30.24	€20.16	€10.20	8
Jan ’24	€17.30	€24.12 +39.4%	14.3%	€31.06	€20.70	€12.70	8
Dec ’23	€23.60	€24.77 +5.0%	15.4%	€32.21	€20.50	€10.40	8
Nov ’23	€23.20	€26.34 +13.5%	16.6%	€35.12	€21.07	€8.45	8

Analyst Forecast: Target price is less than 20% higher than the current share price.