VusionGroup S.A.

DB:S4M Stock Report

Market Cap: €2.3b

VusionGroup Valuation

Is S4M undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 S4M when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: S4M (€142.3) is trading below our estimate of fair value (€210.11)

Significantly Below Fair Value: S4M is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for S4M?

Key metric: As S4M is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for S4M. This is calculated by dividing S4M's market cap by their current revenue.
What is S4M's PS Ratio?
PS Ratio2.8x
Sales€830.16m
Market Cap€2.29b

Price to Sales Ratio vs Peers

How does S4M's PS Ratio compare to its peers?

The above table shows the PS ratio for S4M vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.7x
JEN Jenoptik
1.1x4.6%€1.2b
S9I Stemmer Imaging
3.1x11.3%€348.4m
BKHT Brockhaus Technologies
1.1x13.7%€236.1m
LPK LPKF Laser & Electronics
1.6x11.6%€210.3m
S4M VusionGroup
2.8x23.4%€2.3b

Price-To-Sales vs Peers: S4M is expensive based on its Price-To-Sales Ratio (2.8x) compared to the peer average (1.7x).

Price to Sales Ratio vs Industry

How does S4M's PS Ratio compare vs other companies in the DE Electronic Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
SCE Schweizer Electronic
0.07x4.3%US$10.51m
UDC UniDevice
0.004x4.6%US$1.94m
7PF0 Syncro Group
0.02xn/aUS$282.80k
UDC UniDevice
0.0003xn/aUS$189.21k
No more companies available in this PS range
S4M 2.8xIndustry Avg. 0.9xNo. of Companies4PS00.40.81.21.62+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: S4M is expensive based on its Price-To-Sales Ratio (2.8x) compared to the European Electronic industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

What is S4M'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.

S4M PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.8x
Fair PS Ratio1.2x

Price-To-Sales vs Fair Ratio: S4M is expensive based on its Price-To-Sales Ratio (2.8x) compared to the estimated Fair Price-To-Sales Ratio (1.2x).

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 S4M forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€142.30
€192.67
+35.4%
7.8%€224.00€175.00n/a6
Nov ’25€140.30
€193.67
+38.0%
8.9%€230.00€175.00n/a6
Oct ’25€151.10
€194.50
+28.7%
8.7%€230.00€175.00n/a6
Sep ’25€141.00
€193.33
+37.1%
8.5%€228.00€175.00n/a6
Aug ’25€131.20
€193.33
+47.4%
8.5%€228.00€175.00n/a6
Jul ’25€134.00
€195.20
+45.7%
6.2%€219.00€185.00n/a5
Jun ’25€143.30
€190.17
+32.7%
8.3%€219.00€165.00n/a6
May ’25€145.20
€190.17
+31.0%
8.3%€219.00€165.00n/a6
Apr ’25€148.80
€189.00
+27.0%
7.3%€212.00€165.00n/a6
Mar ’25€141.80
€183.75
+29.6%
8.3%€212.00€165.00n/a6
Feb ’25€137.40
€183.75
+33.7%
8.3%€212.00€165.00n/a6
Jan ’25€137.00
€182.92
+33.5%
8.7%€212.00€165.00n/a6
Dec ’24€102.20
€182.92
+79.0%
8.7%€212.00€165.00n/a6
Nov ’24€93.80
€186.50
+98.8%
8.1%€212.00€168.00€140.305
Oct ’24€111.60
€190.90
+71.1%
7.1%€217.00€180.00€151.105
Sep ’24€108.00
€190.50
+76.4%
6.8%€215.00€180.00€141.005
Aug ’24€115.20
€191.90
+66.6%
6.3%€215.00€180.00€131.205
Jul ’24€95.00
€183.90
+93.6%
3.0%€190.00€175.00€134.005
Jun ’24€161.80
€183.90
+13.7%
3.0%€190.00€175.00€143.305
May ’24€146.00
€184.50
+26.4%
2.8%€190.00€175.00€145.205
Apr ’24€107.00
€172.16
+60.9%
4.5%€183.00€160.00€148.805
Mar ’24€117.40
€157.16
+33.9%
9.6%€170.00€128.00€141.805
Feb ’24€114.40
€154.50
+35.1%
10.2%€170.00€128.00€137.404
Jan ’24€122.20
€151.80
+24.2%
9.4%€170.00€128.00€137.005
Dec ’23€130.20
€151.80
+16.6%
9.4%€170.00€128.00€102.205
Nov ’23€113.40
€130.90
+15.4%
5.1%€140.00€120.50€93.805

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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