NorAm Drilling Valuation
Is TM9 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation 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 TM9 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TM9 (€3.02) is trading below our estimate of fair value (€9.59)
Significantly Below Fair Value: TM9 is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TM9?
Key metric: As TM9 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is TM9's PS Ratio? | |
|---|---|
| PS Ratio | 1.3x |
| Sales | US$100.53m |
| Market Cap | US$131.10m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.2x |
| Enterprise Value/EBITDA | 5.3x |
| PEG Ratio | 7.7x |
Price to Sales Ratio vs Peers
How does TM9's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 0.9x | ||
DR0 Deutsche Rohstoff | 0.7x | -3.7% | €165.1m |
4DS Daldrup & Söhne | 0.8x | 1.3% | €50.9m |
ETG EnviTec Biogas | 1x | n/a | €472.2m |
VH2 Friedrich Vorwerk Group | 1.2x | 10.2% | €540.0m |
TM9 NorAm Drilling | 1.3x | 5.5% | €1.4b |
Price-To-Sales vs Peers: TM9 is expensive based on its Price-To-Sales Ratio (1.3x) compared to the peer average (0.9x).
Price to Sales Ratio vs Industry
How does TM9's PS Ratio compare vs other companies in the European Energy Services Industry?
| 7 Companies | Price / Sales | Estimated Growth | Market Cap |
|---|---|---|---|
| 7 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Sales vs Industry: TM9 is expensive based on its Price-To-Sales Ratio (1.3x) compared to the European Energy Services industry average (0.8x).
Price to Sales Ratio vs Fair Ratio
What is TM9'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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 1.3x |
| Fair PS Ratio | n/a |
Price-To-Sales vs Fair Ratio: Insufficient data to calculate TM9'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.
Discover undervalued companies
Cosmo Energy Holdings
JP¥557.1b
Through its subsidiaries, engages in the oil business in Japan and internationally.
2LW
JP¥41.00
7D
2.0%
1Y
20.6%
Rubellite Energy
CA$202.6m
An energy company, engages in the exploration, development, and production of heavy crude oil from the Clearwater Formation in Eastern Alberta.
6L00
CA$1.31
7D
0%
1Y
-12.7%
International Seaways
US$1.9b
Owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade.
IS5
US$37.23
7D
-5.3%
1Y
-8.2%