ASOS Valuation

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

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

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for DYQ. This is calculated by dividing DYQ's market cap by their current revenue.
What is DYQ's PS Ratio?
PS Ratio	0.2x
Sales	UK£2.91b
Market Cap	UK£460.20m

DYQ 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	0.4x
Enterprise Value/EBITDA	-3.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for DYQ 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	0.4x
YOU About You Holding	0.3x	7.7%	€619.7m
GFG Global Fashion Group	0.07x	1.2%	€49.8m
ZAL Zalando	0.8x	5.8%	€8.7b
FSNT Platform Group	0.2x	5.6%	€155.8m
DYQ ASOS	0.2x	3.1%	€460.2m

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

Price to Sales Ratio vs Industry

How does DYQ'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$1.61b
GFG Global Fashion Group	0.07x	1.2%	US$52.67m
DEX Delticom	0.07x	2.7%	US$35.72m
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: DYQ is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Specialty Retail industry average (0.4x).

Price to Sales Ratio vs Fair Ratio

What is DYQ'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.

DYQ PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	0.3x

Price-To-Sales vs Fair Ratio: DYQ is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).

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 DYQ forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	€4.39	€5.12 +16.6%	31.8%	€9.51	€2.79	n/a	18
Nov ’25	€4.19	€5.66 +35.0%	51.1%	€15.88	€2.87	n/a	18
Oct ’25	€5.07	€5.66 +11.7%	51.7%	€15.96	€2.88	n/a	18
Sep ’25	€4.00	€5.32 +33.0%	52.3%	€15.62	€2.82	n/a	19
Aug ’25	€4.20	€5.26 +25.2%	51.5%	€15.80	€2.85	n/a	21
Jul ’25	€4.20	€5.25 +25.1%	50.9%	€15.69	€2.83	n/a	21
Jun ’25	€4.28	€5.14 +19.9%	49.9%	€15.63	€2.82	n/a	23
May ’25	€3.85	€5.10 +32.3%	48.8%	€15.54	€2.80	n/a	24
Apr ’25	€4.25	€5.02 +18.1%	49.8%	€15.50	€2.80	n/a	24
Mar ’25	€4.21	€5.15 +22.2%	48.2%	€15.53	€2.80	n/a	25
Feb ’25	€4.16	€5.18 +24.7%	46.8%	€15.50	€2.80	n/a	26
Jan ’25	€5.10	€5.18 +1.6%	46.8%	€15.51	€2.80	n/a	26
Dec ’24	€4.29	€5.20 +21.4%	46.6%	€15.54	€2.80	€4.46	26
Nov ’24	€3.98	€5.64 +41.8%	41.1%	€15.29	€3.53	€4.19	26
Oct ’24	€4.33	€6.29 +45.2%	56.2%	€22.04	€1.85	€5.07	27
Sep ’24	€5.30	€6.56 +23.8%	53.6%	€22.36	€1.87	€4.00	29
Aug ’24	€4.67	€6.58 +40.9%	52.9%	€22.28	€1.87	€4.20	29
Jul ’24	€4.25	€6.88 +62.1%	52.0%	€22.36	€1.87	€4.20	28
Jun ’24	€3.87	€8.06 +108.2%	81.0%	€39.13	€2.33	€4.28	27
May ’24	€8.11	€10.75 +32.7%	61.1%	€38.07	€2.27	€3.85	26
Apr ’24	€9.12	€10.80 +18.4%	61.4%	€38.21	€2.27	€4.25	26
Mar ’24	€9.86	€10.23 +3.8%	61.7%	€37.85	€2.25	€4.21	27
Feb ’24	€9.92	€9.97 +0.5%	62.9%	€37.85	€2.25	€4.16	28
Jan ’24	€5.66	€9.47 +67.4%	67.2%	€38.51	€2.29	€5.10	28
Dec ’23	€7.48	€9.68 +29.3%	68.4%	€38.88	€2.31	€4.29	27

Analyst Forecast: Target price is less than 20% higher than the current share price.