Almawave S.p.A.

BST:101 Stock Report

Market Cap: €83.1m

Almawave Valuation

Is 101 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 101 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 101 (€2.76) is trading below our estimate of fair value (€3.19)

Significantly Below Fair Value: 101 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 101?

Key metric: As 101 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 101. This is calculated by dividing 101's market cap by their current earnings.
What is 101's PE Ratio?
PE Ratio9.9x
Earnings€8.35m
Market Cap€83.05m

Price to Earnings Ratio vs Peers

How does 101's PE Ratio compare to its peers?

The above table shows the PE ratio for 101 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.8x
CSH CENIT
21.7x48.3%€65.7m
BSS Beta Systems Software
60.6x27.7%€111.3m
FAA Fabasoft
21.8x5.9%€200.5m
CLIQ Cliq Digital
3.1x57.1%€25.7m
101 Almawave
9.9x8.9%€83.1m

Price-To-Earnings vs Peers: 101 is good value based on its Price-To-Earnings Ratio (9.9x) compared to the peer average (26.8x).

Price to Earnings Ratio vs Industry

How does 101's PE Ratio compare vs other companies in the European Software Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
101 9.9xIndustry Avg. 27.7xNo. of Companies17PE020406080100+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 101 is good value based on its Price-To-Earnings Ratio (9.9x) compared to the European Software industry average (27.7x).

Price to Earnings Ratio vs Fair Ratio

What is 101's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

101 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.9x
Fair PE Ratio16x

Price-To-Earnings vs Fair Ratio: 101 is good value based on its Price-To-Earnings Ratio (9.9x) compared to the estimated Fair Price-To-Earnings Ratio (16x).

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 101 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€2.76
€4.30
+55.8%
16.3%€5.00€3.60n/a2
Nov ’25€3.02
€5.35
+77.2%
10.3%€5.90€4.80n/a2
Oct ’25€3.82
€5.35
+40.1%
10.3%€5.90€4.80n/a2
Sep ’25€3.93
€5.35
+36.1%
10.3%€5.90€4.80n/a2
Aug ’25€4.21
€7.10
+68.6%
8.5%€7.70€6.50n/a2
Jul ’25€4.33
€7.10
+64.0%
8.5%€7.70€6.50n/a2
Jun ’25€4.45
€7.10
+59.6%
8.5%€7.70€6.50n/a2
May ’25€4.37
€7.10
+62.5%
8.5%€7.70€6.50n/a2
Apr ’25€4.54
€7.10
+56.4%
8.5%€7.70€6.50n/a2
Feb ’25€3.97
€6.65
+67.5%
2.3%€6.80€6.50n/a2
Jan ’25€4.01
€6.65
+65.8%
2.3%€6.80€6.50n/a2
Dec ’24€3.80
€6.65
+75.0%
2.3%€6.80€6.50n/a2
Nov ’24€3.80
€6.65
+75.0%
2.3%€6.80€6.50€3.022
Oct ’24€4.41
€6.65
+50.8%
2.3%€6.80€6.50€3.822
Sep ’24€4.73
€6.65
+40.6%
2.3%€6.80€6.50€3.932
Aug ’24€4.63
€6.65
+43.6%
2.3%€6.80€6.50€4.212
Jul ’24€4.54
€6.65
+46.5%
2.3%€6.80€6.50€4.332
Jun ’24€4.59
€6.65
+44.9%
2.3%€6.80€6.50€4.452
May ’24€4.54
€6.65
+46.5%
2.3%€6.80€6.50€4.372
Apr ’24€4.43
€6.65
+50.1%
2.3%€6.80€6.50€4.542
Mar ’24€4.29
€6.65
+55.0%
2.3%€6.80€6.50€4.882
Feb ’24€4.14
€6.65
+60.6%
2.3%€6.80€6.50€3.972
Jan ’24€3.95
€6.65
+68.4%
2.3%€6.80€6.50€4.012
Dec ’23€4.01
€6.45
+60.8%
0.8%€6.50€6.40€3.802
Nov ’23€3.88
€6.45
+66.2%
0.8%€6.50€6.40€3.802

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.

Discover undervalued companies

Computacenter

UK£2.3b

Provides technology and services to corporate and public sector organizations in the United Kingdom, Germany, France, North America, and internationally.

COUD

UK£26.00

7D

-0.8%

1Y

-14.6%

INTERSHOP Communications

€28.1m

Offers B2B ecommerce solutions in Germany and internationally.

ISHA

€1.90

7D

5.0%

1Y

31.9%

RingCentral

US$3.2b

Provides cloud communications, video meetings, collaboration, and contact center software-as-a-service solutions worldwide.

3RCA

US$32.37

7D

-4.9%

1Y

23.1%