Penneo Valuation

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

Below Fair Value: PENNEO (DKK8.48) is trading below our estimate of fair value (DKK33.2)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for PENNEO. This is calculated by dividing PENNEO's market cap by their current revenue.
What is PENNEO's PS Ratio?
PS Ratio	3.1x
Sales	DKK 93.68m
Market Cap	DKK 287.64m

PENNEO 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	3x
Enterprise Value/EBITDA	-20x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for PENNEO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	2.6x
MAPS Mapspeople	2.4x	n/a	DKK 128.8m
IMPERO Impero	3.4x	n/a	DKK 129.6m
RISMA RISMA Systems	3x	n/a	DKK 116.1m
AGILC Agillic	1.7x	n/a	DKK 105.6m
PENNEO Penneo	3.1x	20.6%	DKK 287.6m

Price-To-Sales vs Peers: PENNEO is expensive based on its Price-To-Sales Ratio (3.1x) compared to the peer average (2.6x).

Price to Sales Ratio vs Industry

How does PENNEO's PS Ratio compare vs other companies in the European Software Industry?

42 Companies	Price / Sales	Estimated Growth	Market Cap

42 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: PENNEO is expensive based on its Price-To-Sales Ratio (3.1x) compared to the European Software industry average (2x).

Price to Sales Ratio vs Fair Ratio

What is PENNEO'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.

PENNEO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	3.1x
Fair PS Ratio	3.3x

Price-To-Sales vs Fair Ratio: PENNEO is good value based on its Price-To-Sales Ratio (3.1x) compared to the estimated Fair Price-To-Sales Ratio (3.3x).

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.