Spiffbet Valuation

Is 2AK 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 2AK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 2AK's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 2AK's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2AK?

Key metric: As 2AK is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 2AK. This is calculated by dividing 2AK's market cap by their current revenue.
What is 2AK's PS Ratio?
PS Ratio	0.3x
Sales	SEK 44.05m
Market Cap	SEK 11.18m

2AK 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	0.2x
Enterprise Value/EBITDA	-2.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 2AK's PS Ratio compare to its peers?

The above table shows the PS ratio for 2AK 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	0.5x
8WP Beyond Frames Entertainment	0.8x	10.7%	€15.1m
SBV Schwabenverlag	0.1x	n/a	€1.4m
G6P Going Public Media	0.9x	n/a	€1.5m
8450 Sociallite US	0.3x	n/a	€350.8k
2AK Spiffbet	0.3x	n/a	€11.2m

Price-To-Sales vs Peers: 2AK is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

How does 2AK's PS Ratio compare vs other companies in the European Entertainment Industry?

37 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	1.5x	6.1%
2AK Spiffbet	0.3x	n/a	US$1.01m

37 Companies		Estimated Growth	Market Cap
Industry Avg.	1.5x	18.0%
2AK Spiffbet	0.3x	n/a	US$1.01m

No more companies

Price-To-Sales vs Industry: 2AK is good value based on its Price-To-Sales Ratio (0.3x) compared to the European Entertainment industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

What is 2AK'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.

2AK PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.3x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 2AK'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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