Articore Group Limited

DB:WAB0 Stock Report

Market Cap: €57.0m

Articore Group Valuation

Is WAB0 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 WAB0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: WAB0 (€0.18) is trading below our estimate of fair value (€0.96)

Significantly Below Fair Value: WAB0 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WAB0?

Key metric: As WAB0 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for WAB0. This is calculated by dividing WAB0's market cap by their current revenue.
What is WAB0's PS Ratio?
PS Ratio0.2x
SalesAU$492.99m
Market CapAU$91.80m

Price to Sales Ratio vs Peers

How does WAB0's PS Ratio compare to its peers?

The above table shows the PS ratio for WAB0 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.3x
ECK LUDWIG BECK am Rathauseck - Textilhaus Feldmeier
0.9xn/a€63.9m
BIKE Bike24 Holding
0.2x6.5%€53.0m
GFG Global Fashion Group
0.07x-0.5%€54.1m
MRX Mister Spex
0.2x2.6%€51.5m
WAB0 Articore Group
0.2x2.2%€91.8m

Price-To-Sales vs Peers: WAB0 is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.3x).

Price to Sales Ratio vs Industry

How does WAB0's PS Ratio compare vs other companies in the European Multiline Retail Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
WAB0 0.2xIndustry Avg. 0.8xNo. of Companies4PS00.61.21.82.43+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: WAB0 is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Multiline Retail industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is WAB0'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.

WAB0 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.07x

Price-To-Sales vs Fair Ratio: WAB0 is expensive based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.1x).

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 WAB0 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.18
€0.37
+109.0%
35.5%€0.61€0.25n/a5
Nov ’25€0.19
€0.37
+96.9%
35.5%€0.61€0.25n/a5
Oct ’25€0.23
€0.39
+71.8%
35.6%€0.61€0.24n/a5
Sep ’25€0.20
€0.39
+93.9%
35.6%€0.61€0.24n/a5
Aug ’25€0.21
€0.43
+100.6%
24.4%€0.60€0.32n/a5
Jul ’25€0.23
€0.43
+89.7%
24.2%€0.61€0.32n/a5
Jun ’25€0.22
€0.43
+94.9%
24.2%€0.61€0.32n/a5
May ’25€0.24
€0.43
+75.7%
24.2%€0.61€0.32n/a5
Apr ’25€0.31
€0.44
+42.1%
20.6%€0.60€0.33n/a5
Mar ’25€0.34
€0.44
+27.2%
20.6%€0.60€0.33n/a5
Feb ’25€0.32
€0.49
+54.3%
24.0%€0.73€0.42n/a5
Jan ’25€0.41
€0.49
+18.0%
24.0%€0.72€0.42n/a5
Dec ’24€0.26
€0.49
+85.4%
24.0%€0.72€0.42n/a5
Nov ’24€0.31
€0.49
+55.1%
24.0%€0.72€0.42€0.195
Oct ’24€0.27
€0.48
+81.6%
23.6%€0.71€0.41€0.235
Sep ’24€0.34
€0.48
+42.1%
23.6%€0.71€0.41€0.205
Aug ’24€0.40
€0.41
+1.3%
34.5%€0.70€0.27€0.216
Jul ’24€0.24
€0.40
+64.1%
34.9%€0.70€0.27€0.236
Jun ’24€0.24
€0.40
+69.6%
34.9%€0.70€0.27€0.226
May ’24€0.22
€0.39
+73.0%
33.8%€0.69€0.27€0.247
Apr ’24€0.26
€0.41
+60.3%
30.2%€0.71€0.32€0.317
Mar ’24€0.28
€0.45
+62.6%
29.0%€0.74€0.34€0.349
Feb ’24€0.31
€0.51
+68.3%
39.5%€0.96€0.33€0.329
Jan ’24€0.31
€0.58
+85.0%
40.2%€0.97€0.36€0.419
Dec ’23€0.35
€0.58
+63.1%
40.2%€0.97€0.36€0.269
Nov ’23€0.34
€0.58
+68.8%
40.2%€0.97€0.36€0.319

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Discover undervalued companies

Inchcape

UK£3.0b

Operates as an automotive distributor and retailer.

IJCA

UK£9.01

7D

0.3%

1Y

20.1%

Luk Fook Holdings (International)

HK$8.8b

An investment holding company, engages in sourcing, designing, wholesaling, trademark licensing, and retailing various gold and platinum jewelry, and gem-set jewelry products.

LUY1

HK$1.77

7D

1.7%

1Y

-25.0%

Best Buy

US$18.6b

Engages in the retail of technology products in the United States, Canada, and international.

BUY

US$82.02

7D

-6.3%

1Y

31.2%