Siav S.p.A.

DB:F4U Stock Report

Market Cap: €19.3m

Siav Valuation

Is F4U 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 F4U when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: F4U (€2) is trading below our estimate of fair value (€6.52)

Significantly Below Fair Value: F4U is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for F4U?

Key metric: As F4U is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for F4U. This is calculated by dividing F4U's market cap by their current revenue.
What is F4U's PS Ratio?
PS Ratio0.6x
Sales€34.06m
Market Cap€19.34m

Price to Sales Ratio vs Peers

How does F4U's PS Ratio compare to its peers?

The above table shows the PS ratio for F4U vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average6.3x
R1B Rubean
22.3x55.3%€18.5m
LSX LS telcom
0.5x5.0%€20.2m
CLIQ Cliq Digital
0.09x12.9%€24.4m
TBX0 tick Trading Software
2.3x3.0%€17.6m
F4U Siav
0.6x7.4%€19.3m

Price-To-Sales vs Peers: F4U is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (6.3x).

Price to Sales Ratio vs Industry

How does F4U's PS Ratio compare vs other companies in the DE Software Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.1.8x10.6%
F4U Siav
 0.6x7.4%US$20.36m
CSH CENIT
0.3x5.5%US$73.12m
CLIQ Cliq Digital
0.09x12.9%US$25.74m
F4U 0.6xIndustry Avg. 1.8xNo. of Companies6PS02.44.87.29.612+
7 CompaniesEstimated GrowthMarket Cap
Industry Avg.1.8x39.8%
F4U Siav
 0.6xn/aUS$20.36m
No more companies

Price-To-Sales vs Industry: F4U is good value based on its Price-To-Sales Ratio (0.6x) compared to the German Software industry average (1.8x).

Price to Sales Ratio vs Fair Ratio

What is F4U'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.

F4U PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ratio0.4x

Price-To-Sales vs Fair Ratio: F4U is expensive based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).

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 F4U forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€2.00
€6.51
+225.5%
0.2%€6.52€6.50n/a2
Nov ’25€2.10
€6.51
+210.0%
0.2%€6.52€6.50n/a2
Oct ’25€1.71
€6.85
+300.3%
0.7%€6.89€6.80n/a2
Sep ’25€2.00
€6.85
+242.3%
0.7%€6.89€6.80n/a2
Aug ’25€2.26
€6.85
+202.9%
0.7%€6.89€6.80n/a2
Jul ’25€2.46
€6.85
+178.3%
0.7%€6.89€6.80n/a2
Jun ’25€2.34
€6.85
+192.5%
0.7%€6.89€6.80n/a2
May ’25€2.34
€6.85
+192.5%
0.7%€6.89€6.80n/a2
Apr ’25€2.14
€7.12
+232.7%
0.3%€7.14€7.10n/a2
Mar ’25€2.54
€7.12
+180.3%
0.3%€7.14€7.10n/a2
Feb ’25€2.70
€7.12
+163.7%
0.3%€7.14€7.10n/a2
Jan ’25€2.85
€7.12
+149.8%
0.3%€7.14€7.10n/a2
Dec ’24€2.81
€7.12
+153.4%
0.3%€7.14€7.10n/a2
Nov ’24€2.66
€7.12
+167.7%
0.3%€7.14€7.10€2.102
Oct ’24€3.30
€7.56
+129.1%
3.2%€7.80€7.32€1.712
Sep ’24€3.36
€7.56
+125.0%
3.2%€7.80€7.32€2.002
Aug ’24€3.77
€7.56
+100.5%
3.2%€7.80€7.32€2.262
Jul ’24€4.45
€7.56
+69.9%
3.2%€7.80€7.32€2.462
Jun ’24€3.56
€7.56
+112.4%
3.2%€7.80€7.32€2.342
May ’24€3.61
€7.08
+96.1%
10.2%€7.80€6.36€2.342
Apr ’24€3.16
€6.81
+115.3%
6.5%€7.25€6.36€2.142
Mar ’24€3.18
€6.81
+114.0%
6.5%€7.25€6.36€2.542
Feb ’24€3.10
€6.81
+119.5%
6.5%€7.25€6.36€2.702
Jan ’24€3.05
€6.81
+123.1%
6.5%€7.25€6.36€2.852
Dec ’23€3.06
€6.81
+122.4%
6.5%€7.25€6.36€2.812
Nov ’23€3.05
€6.81
+123.1%
6.5%€7.25€6.36€2.662

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.

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