iVestos Valuation

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

LWD (€3.5) is trading above our estimate of [[fair value]] (€0.14)

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

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: LWD (€3.5) is trading above our estimate of fair value (€0.14)

Significantly Below Fair Value: LWD is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As LWD barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for LWD. This is calculated by dividing LWD's market cap by their current book value.
What is LWD's PB Ratio?
PB Ratio	1.5x
Book	€5.24m
Market Cap	€7.70m

LWD 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	1505.4x
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does LWD's PB Ratio compare to its peers?

The above table shows the PB ratio for LWD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	0.8x
RMO RM Rheiner Management	0.9x	n/a	€7.3m
GAI SGT German Private Equity GmbH KGaA	0.6x	91.6%	€9.9m
KSW KST Beteiligungs	0.6x	n/a	€3.8m
EBS Elbstein	1x	n/a	€21.0m
LWD iVestos	1.5x	n/a	€7.7m

Price-To-Book vs Peers: LWD is expensive based on its Price-To-Book Ratio (1.5x) compared to the peer average (0.8x).

Price to Book Ratio vs Industry

How does LWD's PB Ratio compare vs other companies in the DE Capital Markets Industry?

6 Companies	Price / Book	Estimated Growth	Market Cap
XE8 Black Sea Property	0.1x	n/a	US$7.68m
FNZA China Finance Online	0.1x	n/a	US$1.21m
LEH Lehner Investments	0.1x	n/a	US$1.09m
WD0 Smart Valor	0.06x	n/a	US$346.66k

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: LWD is expensive based on its Price-To-Book Ratio (1.5x) compared to the German Capital Markets industry average (1.1x).

Price to Book Ratio vs Fair Ratio

What is LWD's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LWD PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	1.5x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate LWD's Price-To-Book 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.

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