illumin Holdings Inc.

DB:K3S0 Stock Report

Market Cap: €59.9m

illumin Holdings Valuation

Is K3S0 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 K3S0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: K3S0 (€1.15) is trading below our estimate of fair value (€11.74)

Significantly Below Fair Value: K3S0 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for K3S0?

Key metric: As K3S0 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for K3S0. This is calculated by dividing K3S0's market cap by their current revenue.
What is K3S0's PS Ratio?
PS Ratio0.7x
SalesCA$127.47m
Market CapCA$87.69m

Price to Sales Ratio vs Peers

How does K3S0's PS Ratio compare to its peers?

The above table shows the PS ratio for K3S0 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.3x
YOC YOC
1.5x13.1%€53.5m
SB1 Smartbroker Holding
2.5x8.5%€125.2m
NWO New Work
1.2x-4.1%€367.0m
PU11 Social Chain
0.006xn/a€1.6m
K3S0 illumin Holdings
0.7x9.1%€87.7m

Price-To-Sales vs Peers: K3S0 is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (1.3x).

Price to Sales Ratio vs Industry

How does K3S0's PS Ratio compare vs other companies in the European Interactive Media and Services Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
K3S0 0.7xIndustry Avg. 1.5xNo. of Companies12PS01.63.24.86.48+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: K3S0 is good value based on its Price-To-Sales Ratio (0.7x) compared to the European Interactive Media and Services industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

What is K3S0'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.

K3S0 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.7x
Fair PS Ratio0.8x

Price-To-Sales vs Fair Ratio: K3S0 is good value based on its Price-To-Sales Ratio (0.7x) compared to the estimated Fair Price-To-Sales Ratio (0.8x).

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 K3S0 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.15
€1.95
+70.0%
11.7%€2.19€1.52n/a5
Nov ’25€1.11
€1.82
+64.1%
16.3%€2.15€1.32n/a5
Oct ’25€1.05
€1.77
+68.4%
23.6%€2.17€1.00n/a5
Sep ’25€0.97
€1.77
+81.3%
23.6%€2.17€1.00n/a5
Aug ’25€1.05
€1.87
+77.6%
20.7%€2.20€1.19n/a5
Jul ’25€0.94
€1.92
+104.4%
22.1%€2.31€1.19n/a5
Jun ’25€0.99
€1.92
+93.1%
22.1%€2.31€1.19n/a5
May ’25€1.13
€1.92
+70.3%
22.1%€2.31€1.19n/a5
Apr ’25€1.10
€1.92
+74.9%
22.1%€2.31€1.19n/a5
Mar ’25€1.10
€2.02
+83.8%
22.2%€2.65€1.36n/a5
Feb ’25€1.30
€2.02
+55.5%
22.2%€2.65€1.36n/a5
Jan ’25€1.09
€2.02
+85.4%
22.2%€2.65€1.36n/a5
Dec ’24€0.97
€2.02
+107.3%
22.2%€2.65€1.36n/a5
Nov ’24€0.96
€2.47
+155.9%
16.2%€3.09€2.06€1.115
Oct ’24€1.28
€2.53
+97.3%
13.8%€3.07€2.05€1.055
Sep ’24€1.70
€2.53
+48.5%
13.8%€3.07€2.05€0.975
Aug ’24€1.67
€2.48
+48.5%
18.2%€3.05€1.70€1.055
Jul ’24€1.46
€2.48
+69.2%
18.2%€3.05€1.70€0.945
Jun ’24€1.59
€2.48
+55.8%
18.2%€3.05€1.70€0.995
May ’24€1.29
€2.55
+97.3%
13.3%€3.05€2.04€1.135
Apr ’24€1.36
€2.55
+87.2%
13.3%€3.05€2.04€1.105
Mar ’24€1.50
€2.45
+63.7%
16.3%€3.10€1.90€1.105
Feb ’24€1.58
€2.45
+54.8%
16.3%€3.10€1.90€1.305
Jan ’24€1.39
€2.70
+94.6%
11.2%€3.24€2.34€1.095
Dec ’23€1.73
€2.70
+55.9%
11.2%€3.24€2.34€0.975
Nov ’23€1.58
€3.44
+117.7%
21.6%€4.46€2.23€0.966

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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