Airthings ASA

MUN:64J Stock Report

Market Cap: €34.8m

Airthings Valuation

Is 64J 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-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.

Discounted Cash Flow
Simply Wall St
€1.35
Fair Value
87.0% undervalued intrinsic discount
2
Number of Analysts

Below Fair Value: 64J (€0.18) is trading below our estimate of fair value (€1.35)

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 Ratio0.9x
SalesUS$38.50m
Market CapUS$36.37m

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 Average0.4x
SYT Softing
0.3x5.0%€30.1m
V6C Viscom
0.3x2.4%€31.5m
FEV FORTEC Elektronik
0.6x4.8%€51.0m
SSS Schulte-Schlagbaum
0.2xn/a€12.4m
64J Airthings
0.9x15.8%€405.4m

Price-To-Sales vs Peers: 64J is expensive based on its Price-To-Sales Ratio (0.9x) compared to the peer average (0.4x).

Price to Sales Ratio vs Industry

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

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
SCE Schweizer Electronic
0.07x4.7%US$10.18m
IS7 InTiCa Systems
0.1x7.0%US$8.35m
MBQ Mobotix
0.1x4.8%US$8.06m
UDC UniDevice
0.004x4.6%US$1.94m
64J 0.9xIndustry Avg. 1.0xNo. of Companies6PS00.61.21.82.43+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 64J is good value based on its Price-To-Sales Ratio (0.9x) compared to the European Electronic industry average (1x).

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 Ratio0.9x
Fair PS Ratio1.1x

Price-To-Sales vs Fair Ratio: 64J is good value based on its Price-To-Sales Ratio (0.9x) compared to the estimated Fair Price-To-Sales Ratio (1.1x).

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€0.18
€0.22
+24.8%
9.8%€0.24€0.20n/a2
Feb ’26€0.20
€0.25
+22.0%
3.4%€0.25€0.24n/a2
Jan ’26€0.20
€0.25
+26.0%
3.4%€0.26€0.24n/a2
Dec ’25€0.22
€0.25
+14.9%
3.4%€0.26€0.24n/a2
Nov ’25€0.22
€0.27
+24.4%
12.5%€0.30€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€0.33€0.202
Jan ’25€0.26
€0.33
+29.2%
1.3%€0.34€0.33€0.202
Dec ’24€0.26
€0.33
+29.2%
1.3%€0.34€0.33€0.222
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
Analyst Price Target
Consensus Narrative from 2 Analysts
€0.22
Fair Value
19.6% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/23 09:32
End of Day Share Price 2025/02/21 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Airthings ASA is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Kristofer Liljeberg-SvenssonCarnegie Investment Bank AB
Christoffer BjørnsenDNB Markets