LMS Capital Valuation

Is L6G 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-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 L6G when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate L6G's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate L6G's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for L6G?

Key metric: As L6G is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for L6G. This is calculated by dividing L6G's market cap by their current book value.
What is L6G's PB Ratio?
PB Ratio	0.4x
Book	UK£36.51m
Market Cap	UK£14.01m

L6G 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	-1.9x
Enterprise Value/EBITDA	-2.7x
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does L6G's PB Ratio compare to its peers?

The above table shows the PB ratio for L6G 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	1.8x
EBS Elbstein	1x	n/a	€18.0m
EFF Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft	0.5x	n/a	€7.8m
LWD iVestos	1.5x	n/a	€7.7m
L1A Arbitrage Investment	4.4x	n/a	€9.5m
L6G LMS Capital	0.4x	n/a	€14.0m

Price-To-Book vs Peers: L6G is good value based on its Price-To-Book Ratio (0.4x) compared to the peer average (1.8x).

Price to Book Ratio vs Industry

How does L6G'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: L6G is good value based on its Price-To-Book Ratio (0.4x) compared to the German Capital Markets industry average (1.1x).

Price to Book Ratio vs Fair Ratio

What is L6G'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.

L6G PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	0.4x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate L6G'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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