Itim Group Valuation

Is 32I 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 32I when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 32I (€0.49) is trading below our estimate of fair value (€1.15)

Significantly Below Fair Value: 32I is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 32I?

Key metric: As 32I is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 32I. This is calculated by dividing 32I's market cap by their current revenue.
What is 32I's PS Ratio?
PS Ratio0.8x
SalesUK£17.54m
Market CapUK£13.26m

Price to Sales Ratio vs Peers

How does 32I's PS Ratio compare to its peers?

The above table shows the PS ratio for 32I vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average6.3x
LSX LS telcom
0.5x5.0%€20.3m
TBX0 tick Trading Software
2.2x3.0%€16.6m
DTD2 B+S Banksysteme
1x4.5%€12.8m
R1B Rubean
21.7x55.3%€18.0m
32I Itim Group
0.8x2.2%€13.3m

Price-To-Sales vs Peers: 32I is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (6.3x).


Price to Sales Ratio vs Industry

How does 32I's PS Ratio compare vs other companies in the DE Software Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
CSH CENIT
0.3x5.2%US$73.08m
ISHA INTERSHOP Communications
0.7x4.9%US$28.39m
CLIQ Cliq Digital
0.09x13.2%US$24.78m
LSX LS telcom
0.5x5.0%US$21.46m
32I 0.8xIndustry Avg. 2.0xNo. of Companies7PS02.85.68.411.214+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 32I is good value based on its Price-To-Sales Ratio (0.8x) compared to the German Software industry average (2x).


Price to Sales Ratio vs Fair Ratio

What is 32I'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.

32I PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.8x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: 32I is expensive based on its Price-To-Sales Ratio (0.8x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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