Emova Group Valuation

Is 2JV1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

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 2JV1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2JV1 (€0.86) is trading below our estimate of fair value (€4.44)

Significantly Below Fair Value: 2JV1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2JV1?

Key metric: As 2JV1 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 2JV1. This is calculated by dividing 2JV1's market cap by their current revenue.
What is 2JV1's PS Ratio?
PS Ratio	0.3x
Sales	€28.19m
Market Cap	€8.16m

2JV1 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	1.1x
Enterprise Value/EBITDA	6.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 2JV1's PS Ratio compare to its peers?

The above table shows the PS ratio for 2JV1 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
WFA Weng Fine Art	3.6x	n/a	€20.9m
ART Artnet	1.7x	n/a	€38.8m
MRX Mister Spex	0.2x	2.6%	€47.7m
BIKE Bike24 Holding	0.2x	6.5%	€49.5m
2JV1 Emova Group	0.3x	n/a	€8.2m

Price-To-Sales vs Peers: 2JV1 is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (1.4x).

Price to Sales Ratio vs Industry

How does 2JV1's PS Ratio compare vs other companies in the DE Specialty Retail Industry?

4 Companies	Price / Sales	Estimated Growth	Market Cap
CEC Ceconomy	0.07x	1.1%	US$1.56b
GFG Global Fashion Group	0.07x	-0.5%	US$57.20m
DEX Delticom	0.07x	2.7%	US$34.13m
49S Superdry	0.004x	-1.4%	US$3.12m

No more companies available in this PS range

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 2JV1 is good value based on its Price-To-Sales Ratio (0.3x) compared to the European Specialty Retail industry average (0.4x).

Price to Sales Ratio vs Fair Ratio

What is 2JV1'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.

2JV1 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 2JV1'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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