AdCapital Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

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

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for ADC. This is calculated by dividing ADC's market cap by their current revenue.
What is ADC's PS Ratio?
PS Ratio	0.2x
Sales	€160.82m
Market Cap	€31.17m

ADC 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	3.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ADC 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	4.5x
GBQ GBK Beteiligungen	14x	n/a	€34.4m
PEH PEH Wertpapier	0.2x	n/a	€35.9m
ECF Mountain Alliance	3.4x	n/a	€19.8m
CPX capsensixx	0.4x	n/a	€48.4m
ADC AdCapital	0.2x	n/a	€31.2m

Price-To-Sales vs Peers: ADC is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (4.5x).

Price to Sales Ratio vs Industry

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

22 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	2.8x	0.9%
ADC AdCapital	0.2x	n/a	US$32.82m
MLP MLP	0.6x	2.1%	US$680.02m
AR4 AURELIUS Equity Opportunities SE KGaA	0.2x	0.01%	US$500.05m

22 Companies		Estimated Growth	Market Cap
Industry Avg.	2.8x	9.3%
ADC AdCapital	0.2x	n/a	US$32.82m

No more companies

Price-To-Sales vs Industry: ADC is good value based on its Price-To-Sales Ratio (0.2x) compared to the German Capital Markets industry average (2.8x).

Price to Sales Ratio vs Fair Ratio

What is ADC'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.

ADC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	n/a

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

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