Electromagnetic Geoservices ASA

DB:E2M Stock Report

Market Cap: €23.8m

Electromagnetic Geoservices Valuation

Is E2M undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 E2M when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: E2M (€0.17) is trading below our estimate of fair value (€0.71)

Significantly Below Fair Value: E2M is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for E2M?

Key metric: As E2M is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for E2M. This is calculated by dividing E2M's market cap by their current revenue.
What is E2M's PS Ratio?
PS Ratio1.5x
SalesUS$16.19m
Market CapUS$25.02m

Price to Sales Ratio vs Peers

How does E2M's PS Ratio compare to its peers?

The above table shows the PS ratio for E2M vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.2x
4DS Daldrup & Söhne
0.8x1.3%€47.9m
526397 Alphageo (India)
1.7xn/a₹2.3b
ATLA Atlantis Subsea Indonesia
4.4xn/aRp310.0b
501848 Global Offshore Services
9.9xn/a₹3.1b
E2M Electromagnetic Geoservices
1.5xn/a€277.7m

Price-To-Sales vs Peers: E2M is good value based on its Price-To-Sales Ratio (1.5x) compared to the peer average (4.2x).


Price to Sales Ratio vs Industry

How does E2M's PS Ratio compare vs other companies in the European Energy Services Industry?

8 CompaniesPrice / SalesEstimated GrowthMarket Cap
E2M 1.5xIndustry Avg. 0.8xNo. of Companies11PS00.61.21.82.43+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: E2M is expensive based on its Price-To-Sales Ratio (1.5x) compared to the European Energy Services industry average (0.8x).


Price to Sales Ratio vs Fair Ratio

What is E2M'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.

E2M PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.5x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate E2M'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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