Triona Valuation

Q: What is the Fair Price of RQ2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

RQ2 (€3) is trading above our estimate of [[fair value]] (€1.15)

Is RQ2 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

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 RQ2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RQ2 (€3) is trading above our estimate of fair value (€1.15)

Significantly Below Fair Value: RQ2 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RQ2?

Key metric: As RQ2 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for RQ2. This is calculated by dividing RQ2's market cap by their current earnings.
What is RQ2's PE Ratio?
PE Ratio	40.5x
Earnings	SEK 6.68m
Market Cap	SEK 270.48m

RQ2 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	0.9x
Enterprise Value/EBITDA	16.3x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does RQ2's PE Ratio compare to its peers?

The above table shows the PE ratio for RQ2 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	19.8x
PLEK plenum	20.4x	n/a	€13.7m
T3T1 Seven Principles	10.2x	n/a	€20.9m
OBS ORBIS	19.4x	-5.5%	€55.9m
3ITN audius	29.3x	12.8%	€62.0m
RQ2 Triona	40.5x	n/a	€270.5m

Price-To-Earnings vs Peers: RQ2 is expensive based on its Price-To-Earnings Ratio (40.5x) compared to the peer average (21.5x).

Price to Earnings Ratio vs Industry

How does RQ2's PE Ratio compare vs other companies in the DE IT Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: RQ2 is expensive based on its Price-To-Earnings Ratio (40.5x) compared to the European IT industry average (19.7x).

Price to Earnings Ratio vs Fair Ratio

What is RQ2'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.

RQ2 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	40.5x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate RQ2's Price-To-Earnings 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: Insufficient data to show price forecast.

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