Kopin Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

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

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for KOC. This is calculated by dividing KOC's market cap by their current revenue.
What is KOC's PS Ratio?
PS Ratio	3.5x
Sales	US$44.27m
Market Cap	US$154.82m

KOC 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	2.7x
Enterprise Value/EBITDA	-5.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for KOC 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	2.1x
SIS First Sensor	4.9x	n/a	€603.9m
ELG Elmos Semiconductor	1.8x	5.4%	€1.1b
P4O Planoptik	1.1x	n/a	€14.1m
CTNK centrotherm international	0.4x	n/a	€65.2m
KOC Kopin	3.5x	16.7%	€154.8m

Price-To-Sales vs Peers: KOC is expensive based on its Price-To-Sales Ratio (3.5x) compared to the peer average (2.1x).

Price to Sales Ratio vs Industry

How does KOC's PS Ratio compare vs other companies in the DE Semiconductor Industry?

1 Company	Price / Sales	Estimated Growth	Market Cap
D0Q Sondrel (Holdings)	0.2x	n/a	US$2.02m

No more companies available in this PS range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: KOC is expensive based on its Price-To-Sales Ratio (3.5x) compared to the European Semiconductor industry average (1.7x).

Price to Sales Ratio vs Fair Ratio

What is KOC'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.

KOC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	3.5x
Fair PS Ratio	0.6x

Price-To-Sales vs Fair Ratio: KOC is expensive based on its Price-To-Sales Ratio (3.5x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

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 KOC 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	€0.93	€2.37 +153.5%	14.1%	€2.84	€1.89	n/a	4
Nov ’25	€0.69	€2.40 +245.9%	8.2%	€2.75	€2.29	n/a	4
Oct ’25	€0.62	€2.40 +288.7%	8.2%	€2.75	€2.29	n/a	4
Sep ’25	€0.84	€2.40 +185.7%	8.2%	€2.75	€2.29	n/a	4
Aug ’25	€0.85	€2.55 +199.3%	9.1%	€2.78	€2.32	n/a	4
Jul ’25	€0.75	€2.57 +241.1%	9.1%	€2.80	€2.34	n/a	4
Jun ’25	€0.70	€2.60 +270.9%	8.3%	€2.76	€2.30	n/a	3
Mar ’24	€1.04	€4.72 +353.4%	26.3%	€5.96	€3.47	€2.34	2
Feb ’24	€1.13	€4.72 +318.6%	26.3%	€5.96	€3.47	€1.66	2
Jan ’24	€0.95	€4.72 +397.1%	26.3%	€5.96	€3.47	€1.84	2
Dec ’23	€1.52	€4.72 +209.4%	26.3%	€5.96	€3.47	€1.35	2
Nov ’23	€1.08	€5.00 +363.4%	20.0%	€6.00	€4.00	€1.08	2

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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