Pierce Group Valuation

Q: What is the Fair Price of 959 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

959 (€0.68) is trading below our estimate of [[fair value]] (€1.47)

Is 959 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 959 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 959 (€0.68) is trading below our estimate of fair value (€1.47)

Significantly Below Fair Value: 959 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 959?

Key metric: As 959 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 959. This is calculated by dividing 959's market cap by their current revenue.
What is 959's PS Ratio?
PS Ratio	0.4x
Sales	SEK 1.56b
Market Cap	SEK 650.87m

959 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	0.3x
Enterprise Value/EBITDA	-61.3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 959's PS Ratio compare to its peers?

The above table shows the PS ratio for 959 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	0.2x
DEX Delticom	0.07x	2.7%	€32.3m
BIKE Bike24 Holding	0.2x	6.5%	€49.5m
AG1 AUTO1 Group	0.4x	8.1%	€2.5b
MRX Mister Spex	0.2x	2.6%	€47.7m
959 Pierce Group	0.4x	6.8%	€650.9m

Price-To-Sales vs Peers: 959 is expensive based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.2x).

Price to Sales Ratio vs Industry

How does 959'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$1.55b
GFG Global Fashion Group	0.07x	-0.5%	US$57.05m
DEX Delticom	0.07x	2.7%	US$34.04m
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: 959 is expensive based on its Price-To-Sales Ratio (0.4x) compared to the European Specialty Retail industry average (0.4x).

Price to Sales Ratio vs Fair Ratio

What is 959'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.

959 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.4x
Fair PS Ratio	0.2x

Price-To-Sales vs Fair Ratio: 959 is expensive based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (0.2x).

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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