Funkwerk Valuation

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

FEW (€20.2) is trading below our estimate of [[fair value]] (€49.36)

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

Below Fair Value: FEW (€20.2) is trading below our estimate of fair value (€49.36)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FEW. This is calculated by dividing FEW's market cap by their current earnings.
What is FEW's PE Ratio?
PE Ratio	10.1x
Earnings	€16.14m
Market Cap	€165.22m

FEW 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	0.8x
Enterprise Value/EBITDA	4.9x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FEW 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	22.1x
CEK CeoTronics	34.2x	25.1%	€41.9m
DAM DATA MODUL Produktion und Vertrieb von elektronischen Systemen	13.7x	15.3%	€102.3m
M7U Nynomic	11.7x	17.5%	€110.1m
S9I Stemmer Imaging	28.7x	27.6%	€347.1m
FEW Funkwerk	10.1x	n/a	€165.2m

Price-To-Earnings vs Peers: FEW is good value based on its Price-To-Earnings Ratio (10.1x) compared to the peer average (22x).

Price to Earnings Ratio vs Industry

How does FEW's PE Ratio compare vs other companies in the European Communications Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: FEW is good value based on its Price-To-Earnings Ratio (10.1x) compared to the European Communications industry average (27.6x).

Price to Earnings Ratio vs Fair Ratio

What is FEW'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.

FEW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	10.1x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FEW'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.

Discover undervalued companies

UniDevice

€1.8m

Together with its subsidiary, PPA International AG, engages in wholesale of electronic entertainment and communication devices.

UDC

€0.12

-92.0%

KATEK

€221.7m

Provides electronics value chain services in Germany, Europe, and internationally.

KTEK

€15.10

1.0%

Kapsch TrafficCom

€102.4m

Provides intelligent transportation systems technologies, solutions, and services in Austria, Europe, the Middle East, Africa, Asia-Pacific, and the Americas.

BZ6

€6.98

-0.3%

-25.4%