Canatu Oyj Valuation

Q: What is the Fair Price of 0CD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

0CD (€10.6) is trading below our estimate of [[fair value]] (€23.28)

Is 0CD 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-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0CD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0CD (€10.6) is trading below our estimate of fair value (€23.28)

Significantly Below Fair Value: 0CD is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0CD?

Key metric: As 0CD is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for 0CD. This is calculated by dividing 0CD's market cap by their current book value.
What is 0CD's PB Ratio?
PB Ratio	89.8x
Book	€4.51m
Market Cap	€404.96m

0CD 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	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	3.6x

Price to Book Ratio vs Peers

How does 0CD's PB Ratio compare to its peers?

The above table shows the PB ratio for 0CD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	1.8x
S92 SMA Solar Technology	0.7x	28.8%	€497.9m
TPE PVA TePla	2.1x	0.4%	€301.4m
SMHN SÜSS MicroTec	3.7x	-3.4%	€971.1m
WAF Siltronic	0.7x	-19.8%	€1.5b
0CD Canatu Oyj	89.8x	58.4%	€405.0m

Price-To-Book vs Peers: 0CD is expensive based on its Price-To-Book Ratio (89.8x) compared to the peer average (1.8x).

Price to Book Ratio vs Industry

How does 0CD's PB Ratio compare vs other companies in the DE Semiconductor Industry?

0 Companies	Price / Book	Estimated Growth	Market Cap

No more companies available in this PB range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: 0CD is expensive based on its Price-To-Book Ratio (89.8x) compared to the European Semiconductor industry average (1.4x).

Price to Book Ratio vs Fair Ratio

What is 0CD's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0CD PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	89.8x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate 0CD's Price-To-Book 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: 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.