Anora Group Oyj

DB:28Q Stock Report

Market Cap: €196.2m

Anora Group Oyj Valuation

Is 28Q undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 28Q when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 28Q (€2.8) is trading below our estimate of fair value (€9.69)

Significantly Below Fair Value: 28Q is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 28Q?

Key metric: As 28Q is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 28Q. This is calculated by dividing 28Q's market cap by their current revenue.
What is 28Q's PS Ratio?
PS Ratio0.3x
Sales€702.30m
Market Cap€196.24m

Price to Sales Ratio vs Peers

How does 28Q's PS Ratio compare to its peers?

The above table shows the PS ratio for 28Q vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.6x
SWA Schloss Wachenheim
0.3x4.5%€116.4m
BEZ Berentzen-Gruppe
0.2x4.2%€38.3m
1SK Sektkellerei J.Oppmann
1.4xn/a€5.9m
KUL Kulmbacher Brauerei Aktien-Gesellschaft
0.5xn/a€138.4m
28Q Anora Group Oyj
0.3x1.3%€196.2m

Price-To-Sales vs Peers: 28Q is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.6x).

Price to Sales Ratio vs Industry

How does 28Q's PS Ratio compare vs other companies in the European Beverage Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
28Q 0.3xIndustry Avg. 1.3xNo. of Companies9PS00.81.62.43.24+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 28Q is good value based on its Price-To-Sales Ratio (0.3x) compared to the European Beverage industry average (1.3x).

Price to Sales Ratio vs Fair Ratio

What is 28Q'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.

28Q PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ratio0.3x

Price-To-Sales vs Fair Ratio: 28Q is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 28Q forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€2.80
€4.63
+65.8%
31.7%€6.70€3.40n/a3
Nov ’25€3.29
€5.37
+63.4%
29.1%€7.50€3.80n/a3
Oct ’25€4.19
€5.97
+42.6%
25.3%€8.10€4.80n/a3
Sep ’25€4.12
€5.97
+44.8%
25.3%€8.10€4.80n/a3
Aug ’25€4.51
€6.07
+34.7%
23.9%€8.10€4.80n/a3
Jul ’25€4.50
€6.07
+35.0%
23.9%€8.10€4.80n/a3
Jun ’25€4.45
€6.07
+36.3%
23.9%€8.10€4.80n/a3
May ’25€4.85
€6.27
+29.3%
25.6%€8.50€4.80n/a3
Apr ’25€5.14
€6.27
+21.9%
25.6%€8.50€4.80n/a3
Mar ’25€4.82
€6.27
+30.1%
25.6%€8.50€4.80n/a3
Feb ’25€4.49
€6.17
+37.5%
23.8%€8.20€4.80n/a3
Jan ’25€4.27
€6.17
+44.4%
23.8%€8.20€4.80n/a3
Dec ’24€4.02
€6.17
+53.4%
23.8%€8.20€4.80n/a3
Nov ’24€3.94
€6.27
+59.3%
23.2%€8.30€5.00€3.293
Oct ’24€4.35
€6.27
+44.2%
23.2%€8.30€5.00€4.193
Sep ’24€4.50
€6.43
+43.0%
21.5%€8.30€5.00€4.123
Aug ’24€4.57
€7.07
+54.8%
26.5%€9.70€5.50€4.513
Jul ’24€4.80
€7.30
+52.2%
23.3%€9.70€6.00€4.503
Jun ’24€4.74
€7.30
+54.0%
23.3%€9.70€6.00€4.453
May ’24€5.18
€7.73
+49.3%
21.2%€10.00€6.20€4.853
Apr ’24€5.40
€7.73
+43.2%
21.2%€10.00€6.20€5.143
Mar ’24€6.19
€8.43
+36.2%
15.5%€10.00€6.80€4.823
Feb ’24€7.38
€9.17
+24.2%
18.5%€11.50€7.50€4.493
Jan ’24€7.30
€9.17
+25.6%
18.5%€11.50€7.50€4.273
Dec ’23€7.44
€9.17
+23.2%
18.5%€11.50€7.50€4.023
Nov ’23€6.96
€9.33
+34.1%
20.7%€12.00€7.50€3.943

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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