ONE Group Hospitality Valuation

Is XZ9 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 XZ9 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate XZ9's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate XZ9's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for XZ9?

Key metric: As XZ9 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for XZ9. This is calculated by dividing XZ9's market cap by their current revenue.
What is XZ9's PS Ratio?
PS Ratio	0.2x
Sales	US$541.40m
Market Cap	US$104.59m

XZ9 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	1.6x
Enterprise Value/EBITDA	17.1x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does XZ9's PS Ratio compare to its peers?

The above table shows the PS ratio for XZ9 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	0.7x
MS1 Marley Spoon Group	0.09x	10.0%	€16.4m
HTG HomeToGo	1.3x	13.6%	€254.7m
CDZ0 MHP Hotel	0.3x	11.8%	€47.1m
DHER Delivery Hero	1x	11.1%	€10.9b
XZ9 ONE Group Hospitality	0.2x	35.5%	€104.6m

Price-To-Sales vs Peers: XZ9 is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.7x).

Price to Sales Ratio vs Industry

How does XZ9's PS Ratio compare vs other companies in the DE Hospitality Industry?

2 Companies	Price / Sales	Estimated Growth	Market Cap
MS1 Marley Spoon Group	0.09x	10.0%	US$17.35m
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: XZ9 is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Hospitality industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is XZ9'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.

XZ9 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	1x

Price-To-Sales vs Fair Ratio: XZ9 is good value based on its Price-To-Sales Ratio (0.2x) 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 XZ9 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	€3.20	€4.69 +46.7%	21.6%	€5.63	€3.29	n/a	3
Nov ’25	€3.10	€7.04 +127.1%	25.7%	€8.54	€4.49	n/a	3
Oct ’25	€3.28	€7.04 +114.6%	25.7%	€8.54	€4.49	n/a	3
Sep ’25	€3.46	€7.17 +107.4%	25.7%	€8.70	€4.58	n/a	3
Aug ’25	€4.68	€7.58 +62.0%	18.9%	€8.82	€5.57	n/a	3
Jul ’25	€3.94	€7.58 +92.4%	18.9%	€8.82	€5.57	n/a	3
Jun ’25	€4.70	€7.58 +61.3%	18.9%	€8.82	€5.57	n/a	3
May ’25	€5.15	€6.83 +32.7%	23.2%	€8.39	€4.66	n/a	3
Apr ’25	€4.56	€6.00 +31.7%	23.1%	€7.39	€4.62	n/a	2
Mar ’25	€3.50	€7.84 +124.1%	29.4%	€10.15	€5.54	n/a	2
Feb ’25	€3.94	€7.88 +99.9%	23.7%	€10.00	€5.45	n/a	3
Jan ’25	€5.60	€7.88 +40.7%	23.7%	€10.00	€5.45	n/a	3
Dec ’24	€4.34	€8.46 +95.0%	25.9%	€10.27	€4.90	n/a	4
Nov ’24	€4.14	€10.11 +144.2%	21.2%	€12.72	€6.82	€3.10	4
Oct ’24	€5.20	€10.11 +94.4%	21.2%	€12.72	€6.82	€3.28	4
Sep ’24	€6.30	€10.11 +60.5%	21.2%	€12.72	€6.82	€3.46	4
Aug ’24	€6.60	€10.89 +65.0%	15.6%	€12.70	€8.17	€4.68	4
Jul ’24	€6.75	€10.89 +61.3%	15.6%	€12.70	€8.17	€3.94	4
Jun ’24	€6.50	€10.89 +67.5%	15.6%	€12.70	€8.17	€4.70	4
May ’24	€6.95	€11.40 +64.0%	13.8%	€13.16	€8.93	€5.15	4
Apr ’24	€7.38	€11.40 +54.5%	13.8%	€13.16	€8.93	€4.56	4
Mar ’24	€7.88	€11.65 +47.9%	29.3%	€14.77	€6.00	€3.50	4
Feb ’24	€6.80	€11.65 +71.3%	29.3%	€14.77	€6.00	€3.94	4
Jan ’24	€5.92	€11.89 +100.9%	29.3%	€15.07	€6.12	€5.60	4
Dec ’23	€6.25	€13.15 +110.2%	22.7%	€16.06	€7.53	€4.34	5
Nov ’23	€7.51	€16.46 +119.1%	13.2%	€19.31	€13.21	€4.14	5

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.