Comtech Telecommunications Corp.

DB:CC6 Stock Report

Market Cap: €91.2m

Comtech Telecommunications Valuation

Is CC6 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 CC6 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CC6 (€2.9) is trading below our estimate of fair value (€15.61)

Significantly Below Fair Value: CC6 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for CC6?

Key metric: As CC6 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for CC6. This is calculated by dividing CC6's market cap by their current revenue.
What is CC6's PS Ratio?
PS Ratio0.2x
SalesUS$540.40m
Market CapUS$94.97m

Price to Sales Ratio vs Peers

How does CC6's PS Ratio compare to its peers?

The above table shows the PS ratio for CC6 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.7x
CEK CeoTronics
1.4x10.3%€41.1m
FEW Funkwerk
1xn/a€163.6m
CFC aconnic
0.3xn/a€17.9m
GGS Gigaset
0.03x5.6%€9.1m
CC6 Comtech Telecommunications
0.2x4.3%€95.0m

Price-To-Sales vs Peers: CC6 is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.7x).


Price to Sales Ratio vs Industry

How does CC6's PS Ratio compare vs other companies in the European Communications Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.1.1x2.7%
CC6 Comtech Telecommunications
0.2x4.3%US$94.97m
CC6 0.2xIndustry Avg. 1.1xNo. of Companies10PS00.81.62.43.24+
7 CompaniesEstimated GrowthMarket Cap
Industry Avg.1.1x59.5%
CC6 Comtech Telecommunications
0.2x75.7%US$94.97m
No more companies

Price-To-Sales vs Industry: CC6 is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Communications industry average (1.1x).


Price to Sales Ratio vs Fair Ratio

What is CC6'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.

CC6 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.3x

Price-To-Sales vs Fair Ratio: CC6 is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).


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 CC6 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€2.90
€6.36
+119.3%
35.7%€8.50€3.22n/a3
Nov ’25€3.34
€7.31
+118.7%
45.1%€11.30€3.23n/a3
Oct ’25€4.22
€8.47
+100.6%
44.0%€11.21€3.20n/a3
Sep ’25€2.70
€8.47
+213.5%
44.0%€11.21€3.20n/a3
Aug ’25€2.92
€10.99
+276.3%
48.9%€18.41€3.22n/a4
Jul ’25€2.70
€10.99
+306.9%
48.9%€18.41€3.22n/a4
Jun ’25€2.14
€10.99
+413.4%
48.9%€18.41€3.22n/a4
May ’25€1.87
€10.99
+487.6%
48.9%€18.41€3.22n/a4
Apr ’25€3.18
€10.99
+245.5%
48.9%€18.41€3.22n/a4
Mar ’25€6.20
€13.66
+120.3%
33.3%€18.60€6.97n/a4
Feb ’25€5.80
€13.50
+132.7%
33.3%€18.38€6.89n/a4
Jan ’25€7.60
€15.54
+104.4%
33.1%€20.18€6.88n/a4
Dec ’24€10.80
€16.20
+50.0%
30.3%€20.56€9.34n/a3
Nov ’24€11.50
€16.26
+41.3%
30.3%€20.63€9.38€3.343
Oct ’24€8.10
€14.60
+80.2%
31.6%€20.07€10.03€4.224
Sep ’24€9.20
€14.60
+58.6%
31.6%€20.07€10.03€2.704
Aug ’24€9.15
€14.60
+59.5%
31.6%€20.07€10.03€2.924
Jul ’24€8.35
€14.60
+74.8%
31.6%€20.07€10.03€2.704
Jun ’24€10.70
€15.73
+47.0%
18.3%€18.64€11.18€2.144
May ’24€9.15
€15.73
+71.9%
18.3%€18.64€11.18€1.874
Apr ’24€11.10
€15.73
+41.7%
18.3%€18.64€11.18€3.184
Mar ’24€15.00
€15.44
+3.0%
19.9%€18.86€11.32€6.204
Feb ’24€14.50
€14.48
-0.1%
16.5%€17.90€11.30€5.804
Jan ’24€11.30
€14.48
+28.2%
16.5%€17.90€11.30€7.604
Dec ’23€11.10
€14.86
+33.9%
22.3%€19.34€10.18€10.805
Nov ’23€11.10
€14.86
+33.9%
22.3%€19.34€10.18€11.505

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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