Viaplay Group AB (publ)

DB:NEB Stock Report

Market Cap: €270.1m

Viaplay Group Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

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

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for NEB. This is calculated by dividing NEB's market cap by their current revenue.
What is NEB's PS Ratio?
PS Ratio0.2x
SalesSEK 18.56b
Market CapSEK 3.11b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for NEB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.5x
PSM ProSiebenSat.1 Media
0.3x2.5%€1.1b
KA8 Klassik Radio
0.9xn/a€17.8m
WIG1 Sporttotal
0.4xn/a€15.7m
RRTL RTL Group
0.6x3.8%€3.7b
NEB Viaplay Group
0.2x-0.5%€3.1b

Price-To-Sales vs Peers: NEB is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

How does NEB's PS Ratio compare vs other companies in the DE Media Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
53Y Bonhill Group
0.02xn/aUS$398.20k
69R Aventura Group
0.09xn/aUS$242.86k
No more companies available in this PS range
NEB 0.2xIndustry Avg. 0.7xNo. of Companies3PS00.61.21.82.43+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: NEB is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Media industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is NEB'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.

NEB PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.8x

Price-To-Sales vs Fair Ratio: NEB is good value based on its Price-To-Sales Ratio (0.2x) 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 NEB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.059
€0.089
+49.7%
7.3%€0.095€0.082n/a2
Nov ’25€0.069
€0.091
+31.0%
7.3%€0.098€0.084n/a2
Oct ’25€0.061
€0.091
+48.1%
7.3%€0.098€0.084n/a2
Sep ’25€0.07
€0.09
+27.9%
6.0%€0.096€0.083n/a3
Aug ’25€0.079
€0.089
+12.1%
6.0%€0.095€0.082n/a3
Jul ’25€0.059
€0.083
+40.2%
15.4%€0.098€0.066n/a3
Jun ’25€0.067
€1.21
+1,714.1%
132.8%€3.47€0.065n/a3
May ’25€0.06
€1.35
+2,140.4%
110.8%€3.46€0.082n/a3
Apr ’25€0.082
€1.39
+1,603.6%
110.8%€3.55€0.084n/a3
Mar ’25€0.094
€1.40
+1,387.0%
108.1%€3.52€0.14n/a3
Feb ’25€0.21
€1.40
+564.9%
108.1%€3.52€0.14n/a3
Jan ’25€0.46
€2.57
+453.2%
57.7%€3.66€0.47n/a3
Dec ’24€0.38
€4.43
+1,067.7%
46.5%€7.93€2.64n/a4
Nov ’24€1.97
€5.11
+158.9%
46.5%€8.20€2.59€0.0695
Oct ’24€2.94
€5.21
+77.5%
44.0%€8.23€3.03€0.0615
Sep ’24€4.28
€4.88
+14.2%
42.1%€7.95€2.93€0.076
Aug ’24€3.88
€5.19
+34.0%
39.6%€8.24€3.04€0.0796
Jul ’24€5.04
€13.48
+167.8%
88.2%€40.24€4.28€0.0598
Jun ’24€18.00
€33.64
+86.9%
34.3%€55.26€15.79€0.0679
May ’24€21.08
€33.64
+59.6%
34.3%€55.26€15.79€0.069
Apr ’24€22.44
€34.38
+53.2%
33.8%€55.74€17.25€0.0829
Mar ’24€23.83
€34.85
+46.3%
34.9%€56.84€15.79€0.0949
Feb ’24€22.21
€31.28
+40.8%
38.5%€56.36€15.65€0.218
Jan ’24€17.70
€32.69
+84.7%
32.9%€55.35€21.68€0.468
Dec ’23€18.56
€32.69
+76.2%
32.9%€55.35€21.68€0.388
Nov ’23€18.24
€35.90
+96.9%
29.1%€55.14€22.52€1.978

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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