EcoUp Oyj Valuation

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

ECOUP (€1.79) is trading below our estimate of [[fair value]] (€6.8)

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: ECOUP (€1.79) is trading below our estimate of fair value (€6.8)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for ECOUP. This is calculated by dividing ECOUP's market cap by their current revenue.
What is ECOUP's PS Ratio?
PS Ratio	0.5x
Sales	€29.22m
Market Cap	€15.87m

ECOUP 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	0.7x
Enterprise Value/EBITDA	9.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ECOUP 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	0.8x
TULAV Tulikivi	0.7x	0.9%	€24.5m
LAPWALL LapWall Oyj	1.2x	13.4%	€54.9m
NORRH Norrhydro Group Oyj	0.7x	18.5%	€18.7m
ELEAV Elecster Oyj	0.3x	n/a	€11.8m
ECOUP EcoUp Oyj	0.5x	15.6%	€15.9m

Price-To-Sales vs Peers: ECOUP is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (0.8x).

Price to Sales Ratio vs Industry

How does ECOUP's PS Ratio compare vs other companies in the European Building Industry?

4 Companies	Price / Sales	Estimated Growth	Market Cap

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: ECOUP is good value based on its Price-To-Sales Ratio (0.5x) compared to the European Building industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is ECOUP'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.

ECOUP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.5x
Fair PS Ratio	1x

Price-To-Sales vs Fair Ratio: ECOUP is good value based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (1x).

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.