Airthings ASA

MUN:64J Stock Report

Market Cap: €44.3m

Airthings Valuation

Is 64J 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 64J when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 64J (€0.22) is trading below our estimate of fair value (€1.36)

Significantly Below Fair Value: 64J is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 64J?

Key metric: As 64J is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 64J. This is calculated by dividing 64J's market cap by their current revenue.
What is 64J's PS Ratio?
PS Ratio1.2x
SalesUS$38.51m
Market CapUS$46.68m

Price to Sales Ratio vs Peers

How does 64J's PS Ratio compare to its peers?

The above table shows the PS ratio for 64J vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.6x
SYT Softing
0.4x6.8%€37.2m
FEV FORTEC Elektronik
0.6x5.6%€59.8m
V6C Viscom
0.3x7.2%€28.3m
M7U Nynomic
1x8.9%€110.1m
64J Airthings
1.2x16.2%€518.1m

Price-To-Sales vs Peers: 64J is expensive based on its Price-To-Sales Ratio (1.2x) compared to the peer average (0.6x).

Price to Sales Ratio vs Industry

How does 64J's PS Ratio compare vs other companies in the DE Electronic Industry?

5 CompaniesPrice / SalesEstimated GrowthMarket Cap
SCE Schweizer Electronic
0.08x4.3%US$14.10m
IS7 InTiCa Systems
0.1x7.0%US$8.43m
UDC UniDevice
0.004x4.6%US$1.94m
7PF0 Syncro Group
0.04xn/aUS$453.01k
64J 1.2xIndustry Avg. 0.9xNo. of Companies5PS00.40.81.21.62+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 64J is expensive based on its Price-To-Sales Ratio (1.2x) compared to the European Electronic industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

What is 64J'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.

64J PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.2x
Fair PS Ratio1.2x

Price-To-Sales vs Fair Ratio: 64J is good value based on its Price-To-Sales Ratio (1.2x) 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 64J forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.22
€0.25
+14.9%
3.4%€0.26€0.24n/a2
Nov ’25€0.22
€0.27
+25.7%
12.5%€0.31€0.24n/a2
Oct ’25€0.22
€0.32
+48.1%
5.3%€0.34€0.30n/a2
Sep ’25€0.22
€0.32
+48.1%
5.3%€0.34€0.30n/a2
Aug ’25€0.25
€0.32
+28.4%
5.3%€0.34€0.30n/a2
Jul ’25€0.27
€0.33
+23.5%
5.3%€0.35€0.32n/a2
Jun ’25€0.27
€0.33
+22.1%
5.3%€0.35€0.32n/a2
May ’25€0.27
€0.33
+21.8%
5.3%€0.35€0.31n/a2
Apr ’25€0.27
€0.33
+21.8%
5.3%€0.35€0.31n/a2
Mar ’25€0.27
€0.33
+21.4%
5.3%€0.35€0.31n/a2
Feb ’25€0.27
€0.33
+22.3%
1.3%€0.34€0.33n/a2
Jan ’25€0.26
€0.33
+29.2%
1.3%€0.34€0.33n/a2
Dec ’24€0.26
€0.33
+29.2%
1.3%€0.34€0.33n/a2
Nov ’24€0.25
€0.33
+31.8%
1.3%€0.34€0.33€0.222
Oct ’24€0.28
€0.34
+24.1%
1.3%€0.35€0.34€0.222
Sep ’24€0.28
€0.34
+24.1%
1.3%€0.35€0.34€0.222
Aug ’24€0.28
€0.33
+19.1%
3.9%€0.34€0.31€0.252
Jul ’24€0.22
€0.33
+48.8%
3.9%€0.34€0.31€0.272
Jun ’24€0.22
€0.33
+48.8%
3.9%€0.34€0.31€0.272
May ’24€0.24
€0.64
+171.6%
46.7%€0.94€0.34€0.272
Apr ’24€0.27
€0.84
+209.0%
15.8%€0.97€0.71€0.272
Mar ’24€0.28
€0.87
+204.8%
15.8%€1.00€0.73€0.272
Feb ’24€0.33
€0.91
+171.3%
15.8%€1.05€0.76€0.272
Jan ’24€0.35
€0.91
+161.1%
15.8%€1.05€0.76€0.262
Dec ’23€0.41
€0.91
+121.8%
15.8%€1.05€0.76€0.262
Nov ’23€0.43
€0.92
+115.5%
15.8%€1.07€0.78€0.252

Analyst Forecast: Target price is less than 20% higher than the current share price.

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