Japan Asia Investment Valuation

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

JAN (€1.31) is trading above our estimate of [[fair value]] (€0.08)

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

Below Fair Value: JAN (€1.31) is trading above our estimate of fair value (€0.08)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for JAN. This is calculated by dividing JAN's market cap by their current revenue.
What is JAN's PS Ratio?
PS Ratio	1.8x
Sales	JP¥2.61b
Market Cap	JP¥4.73b

JAN 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	2.8x
Enterprise Value/EBITDA	-9.1x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for JAN 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	3.8x
PEH PEH Wertpapier	0.2x	n/a	€34.3m
GBQ GBK Beteiligungen	14.5x	n/a	€35.4m
ADC AdCapital	0.2x	n/a	€31.2m
CPX capsensixx	0.3x	n/a	€47.8m
JAN Japan Asia Investment	1.8x	n/a	€4.7b

Price-To-Sales vs Peers: JAN is good value based on its Price-To-Sales Ratio (1.8x) compared to the peer average (3.8x).

Price to Sales Ratio vs Industry

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

22 Companies	Price / Sales	Estimated Growth	Market Cap
MLP MLP	0.6x	2.3%	US$677.33m
MUX Mutares SE KGaA	0.09x	10.5%	US$522.69m
AR4 AURELIUS Equity Opportunities SE KGaA	0.2x	0.01%	US$500.05m
AR4 AURELIUS Equity Opportunities SE KGaA	0.1x	n/a	US$411.59m

22 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: JAN is good value based on its Price-To-Sales Ratio (1.8x) compared to the German Capital Markets industry average (2.8x).

Price to Sales Ratio vs Fair Ratio

What is JAN'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.

JAN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.8x
Fair PS Ratio	n/a

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