Atlantic Sapphire ASA

DB:4AS1 Stock Report

Market Cap: €48.4m

Atlantic Sapphire Valuation

Is 4AS1 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-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 4AS1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4AS1 (€0) is trading below our estimate of fair value (€0.09)

Significantly Below Fair Value: 4AS1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4AS1?

Key metric: As 4AS1 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 4AS1. This is calculated by dividing 4AS1's market cap by their current revenue.
What is 4AS1's PS Ratio?
PS Ratio3x
SalesUS$17.13m
Market CapUS$50.73m

Price to Sales Ratio vs Peers

How does 4AS1's PS Ratio compare to its peers?

The above table shows the PS ratio for 4AS1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.8x
SMB Schwälbchen Molkerei Jakob Berz
0.2xn/a€51.9m
VEZ Veganz Group
0.5xn/a€7.8m
NLM FRoSTA
0.6xn/a€415.6m
SSH Südwestdeutsche Salzwerke
1.7xn/a€625.2m
4AS1 Atlantic Sapphire
3x25.9%€561.5m

Price-To-Sales vs Peers: 4AS1 is expensive based on its Price-To-Sales Ratio (3x) compared to the peer average (0.8x).

Price to Sales Ratio vs Industry

How does 4AS1's PS Ratio compare vs other companies in the European Food Industry?

35 CompaniesPrice / SalesEstimated GrowthMarket Cap
4AS1 3.0xIndustry Avg. 0.7xNo. of Companies48PS00.81.62.43.24+
35 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 4AS1 is expensive based on its Price-To-Sales Ratio (3x) compared to the European Food industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is 4AS1'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.

4AS1 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 4AS1'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?

The above table shows the analyst 4AS1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.002
€4.79
+239,274.8%
10.5%€5.29€4.28n/a2
Nov ’25€0.003
€4.62
+153,787.7%
9.4%€5.05€4.18n/a2
Oct ’25€0.014
€4.62
+32,875.9%
9.4%€5.05€4.18n/a2
Sep ’25€0.05
€4.64
+9,186.2%
9.1%€5.07€4.22n/a2
Aug ’25€0.51
€3.04
+492.8%
41.8%€4.30€1.77n/a2
Jul ’25€0.75
€3.04
+302.6%
41.8%€4.30€1.77n/a2
Jun ’25€0.98
€3.04
+209.2%
41.8%€4.30€1.77n/a2
May ’25€0.71
€3.04
+324.5%
41.8%€4.30€1.77n/a2
Apr ’25€0.71
€3.04
+327.5%
41.8%€4.30€1.77n/a2
Mar ’25€0.99
€4.36
+338.2%
49.9%€7.08€1.76n/a3
Feb ’25€1.36
€3.59
+163.8%
63.7%€7.06€1.32n/a4
Jan ’25€1.32
€5.04
+280.9%
50.7%€7.70€1.24n/a4
Dec ’24€0.98
€5.03
+413.6%
50.6%€7.71€1.24n/a4
Nov ’24€1.05
€6.52
+519.5%
23.0%€7.94€4.45€0.0033
Oct ’24€1.24
€6.52
+424.7%
23.0%€7.94€4.45€0.0143
Sep ’24€1.88
€6.93
+269.5%
22.9%€8.59€4.35€0.054
Aug ’24€5.25
€7.08
+34.9%
17.9%€8.50€5.06€0.515
Jul ’24€5.51
€7.08
+28.5%
17.9%€8.50€5.06€0.755
Jun ’24€4.02
€7.21
+79.6%
18.7%€8.78€5.04€0.985
May ’24€3.86
€7.09
+84.0%
29.8%€8.79€3.52€0.714
Apr ’24€4.89
€7.09
+45.2%
29.8%€8.79€3.52€0.714
Mar ’24€6.07
€6.71
+10.6%
29.0%€8.66€3.46€0.995
Feb ’24€9.02
€6.71
-25.6%
29.0%€8.66€3.46€1.365
Jan ’24€7.01
€6.49
-7.4%
27.4%€8.94€3.58€1.325
Dec ’23€7.63
€6.69
-12.3%
28.5%€9.34€3.74€0.985
Nov ’23€6.73
€6.69
-0.6%
28.5%€9.34€3.74€1.055

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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