PolyNovo Limited

DB:MFJ Stock Report

Market Cap: €885.3m

PolyNovo Valuation

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

Below Fair Value: MFJ (€1.24) is trading below our estimate of fair value (€1.88)

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

Key Valuation Metric

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

Key metric: As MFJ is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for MFJ. This is calculated by dividing MFJ's market cap by their current revenue.
What is MFJ's PS Ratio?
PS Ratio14.4x
SalesAU$103.23m
Market CapAU$1.49b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for MFJ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.1x
PHH2 Paul Hartmann
0.3xn/a€792.0m
EUZ Eckert & Ziegler
3.3x5.4%€925.5m
DRW3 Drägerwerk KGaA
0.3x4.2%€820.4m
RHK RHÖN-KLINIKUM
0.5x2.1%€930.4m
MFJ PolyNovo
14.4x17.6%€1.5b

Price-To-Sales vs Peers: MFJ is expensive based on its Price-To-Sales Ratio (14.4x) compared to the peer average (1.1x).

Price to Sales Ratio vs Industry

How does MFJ's PS Ratio compare vs other companies in the DE Medical Equipment Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
DRW3 Drägerwerk KGaA
0.3x4.2%US$855.39m
PHH2 Paul Hartmann
0.3xn/aUS$825.81m
U4W0 Quotient
0.07xn/aUS$2.78m
MF6 MagForce
0.3xn/aUS$404.27k
No more companies available in this PS range
MFJ 14.4xIndustry Avg. 3.4xNo. of Companies4PS01.63.24.86.48+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: MFJ is expensive based on its Price-To-Sales Ratio (14.4x) compared to the European Medical Equipment industry average (3.4x).

Price to Sales Ratio vs Fair Ratio

What is MFJ'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.

MFJ PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio14.4x
Fair PS Ratio5.9x

Price-To-Sales vs Fair Ratio: MFJ is expensive based on its Price-To-Sales Ratio (14.4x) compared to the estimated Fair Price-To-Sales Ratio (5.9x).

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 MFJ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.24
€1.55
+25.4%
21.5%€1.80€0.69n/a9
Dec ’25€1.32
€1.60
+21.0%
22.7%€1.86€0.65n/a9
Nov ’25€1.18
€1.59
+34.5%
22.7%€1.85€0.65n/a9
Oct ’25€1.61
€1.58
-1.8%
23.6%€1.82€0.64n/a8
Sep ’25€1.40
€1.58
+12.9%
23.6%€1.82€0.64n/a8
Aug ’25€1.61
€1.43
-11.1%
23.2%€1.69€0.64n/a8
Jul ’25€1.41
€1.33
-5.5%
23.6%€1.71€0.62n/a8
Jun ’25€1.34
€1.27
-5.5%
22.8%€1.65€0.60n/a8
May ’25€1.21
€1.27
+4.7%
22.8%€1.65€0.60n/a8
Apr ’25€1.28
€1.27
-1.0%
22.8%€1.65€0.60n/a8
Mar ’25€1.29
€1.27
-1.8%
22.8%€1.65€0.60n/a8
Feb ’25€1.11
€1.18
+6.1%
26.1%€1.75€0.60n/a8
Jan ’25€0.99
€1.12
+12.6%
29.4%€1.67€0.62n/a8
Dec ’24€0.81
€1.13
+38.3%
30.0%€1.62€0.60€1.328
Nov ’24€0.69
€1.13
+63.4%
30.0%€1.62€0.60€1.188
Oct ’24€0.77
€1.14
+47.5%
30.0%€1.63€0.61€1.618
Sep ’24€0.81
€1.25
+53.3%
29.0%€1.72€0.64€1.406
Aug ’24€0.93
€1.37
+46.9%
31.9%€1.76€0.54€1.616
Jul ’24€0.92
€1.37
+49.3%
31.9%€1.76€0.54€1.416
Jun ’24€0.88
€1.37
+55.3%
31.9%€1.76€0.54€1.346
May ’24€0.96
€1.61
+67.7%
14.4%€1.85€1.21€1.216
Apr ’24€1.08
€1.61
+49.1%
14.4%€1.85€1.21€1.286
Mar ’24€1.46
€1.61
+10.3%
14.4%€1.85€1.21€1.296
Feb ’24€1.59
€1.34
-15.6%
25.9%€1.83€0.77€1.115
Jan ’24€1.27
€1.26
-0.5%
21.0%€1.47€0.77€0.995
Dec ’23€1.29
€1.23
-4.7%
22.6%€1.49€0.78€0.814

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 20:04
End of Day Share Price 2024/12/27 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

PolyNovo Limited is covered by 10 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John HesterBell Potter
Lyanne HarrisonBofA Global Research
Andrew PaineCLSA