Time Out Group Valuation

Is 05T 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 05T when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 05T (€0.6) is trading below our estimate of fair value (€1.31)

Significantly Below Fair Value: 05T is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 05T?

Key metric: As 05T is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 05T. This is calculated by dividing 05T's market cap by their current revenue.
What is 05T's PS Ratio?
PS Ratio	1.8x
Sales	UK£103.11m
Market Cap	UK£185.71m

05T key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.4x
Enterprise Value/EBITDA	34.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 05T's PS Ratio compare to its peers?

The above table shows the PS ratio for 05T vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.4x
BST Bastei Lübbe	1.1x	2.9%	€129.4m
MF8 Cash.Medien	2.2x	n/a	€4.4m
M8G Verve Group	1.9x	12.6%	€737.9m
TC1 Tele Columbus	0.2x	3.2%	€89.0m
05T Time Out Group	1.8x	6.6%	€185.7m

Price-To-Sales vs Peers: 05T is expensive based on its Price-To-Sales Ratio (1.8x) compared to the peer average (1.4x).

Price to Sales Ratio vs Industry

How does 05T's PS Ratio compare vs other companies in the DE Media Industry?

2 Companies	Price / Sales	Estimated Growth	Market Cap
53Y Bonhill Group	0.02x	n/a	US$398.20k
69R Aventura Group	0.09x	n/a	US$242.86k

No more companies available in this PS range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 05T is expensive based on its Price-To-Sales Ratio (1.8x) compared to the European Media industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is 05T'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.

05T PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.8x
Fair PS Ratio	1.3x

Price-To-Sales vs Fair Ratio: 05T is expensive based on its Price-To-Sales Ratio (1.8x) compared to the estimated Fair Price-To-Sales Ratio (1.3x).

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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