NGE Capital Valuation

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

TTU (€0.68) is trading below our estimate of [[fair value]] (€2.03)

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

Valuation Score

4/6

Valuation Score 4/6

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

Share Price vs Fair Value

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

Below Fair Value: TTU (€0.68) is trading below our estimate of fair value (€2.03)

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

Key Valuation Metric

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

Key metric: As TTU is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TTU. This is calculated by dividing TTU's market cap by their current earnings.
What is TTU's PE Ratio?
PE Ratio	3.5x
Earnings	AU$11.59m
Market Cap	AU$40.18m

TTU 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	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does TTU's PE Ratio compare to its peers?

The above table shows the PE ratio for TTU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	18.8x
PEH PEH Wertpapier	9.5x	n/a	€34.3m
5GG Consulting Team Holding	29.2x	n/a	€15.6m
GBQ GBK Beteiligungen	25.2x	n/a	€35.4m
UCA1 U.C.A	11.3x	n/a	€14.6m
TTU NGE Capital	3.5x	n/a	€40.2m

Price-To-Earnings vs Peers: TTU is good value based on its Price-To-Earnings Ratio (3.5x) compared to the peer average (18.8x).

Price to Earnings Ratio vs Industry

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

5 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	20.1x	9.1%
TTU NGE Capital	3.5x	n/a	US$26.12m
AR4 AURELIUS Equity Opportunities SE KGaA	3.9x	n/a	US$410.89m
HXCK Ernst Russ	3.7x	-18.2%	US$202.59m

5 Companies		Estimated Growth	Market Cap
Industry Avg.	20.1x	9.1%
TTU NGE Capital	3.5x	n/a	US$26.12m

No more companies

Price-To-Earnings vs Industry: TTU is good value based on its Price-To-Earnings Ratio (3.5x) compared to the German Capital Markets industry average (20.3x).

Price to Earnings Ratio vs Fair Ratio

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

TTU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	3.5x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TTU's Price-To-Earnings 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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