Tulikivi Valuation

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

TULAV (€0.43) is trading below our estimate of [[fair value]] (€0.66)

Is TULAV 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-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: TULAV (€0.43) is trading below our estimate of fair value (€0.66)

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

Key Valuation Metric

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

Key metric: As TULAV is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TULAV. This is calculated by dividing TULAV's market cap by their current earnings.
What is TULAV's PE Ratio?
PE Ratio	21.8x
Earnings	€1.16m
Market Cap	€25.39m

TULAV 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	1x
Enterprise Value/EBITDA	9.4x
PEG Ratio	0.9x

Price to Earnings Ratio vs Peers

How does TULAV's PE Ratio compare to its peers?

The above table shows the PE ratio for TULAV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	78x
LAPWALL LapWall Oyj	20.1x	25.3%	€53.3m
ROBIT Robit Oyj	130.7x	72.4%	€28.9m
ELEAV Elecster Oyj	148.2x	n/a	€12.6m
GLA1V Glaston Oyj Abp	12.9x	34.7%	€63.9m
TULAV Tulikivi	21.8x	24.4%	€25.4m

Price-To-Earnings vs Peers: TULAV is good value based on its Price-To-Earnings Ratio (21.8x) compared to the peer average (78x).

Price to Earnings Ratio vs Industry

How does TULAV's PE Ratio compare vs other companies in the European Building Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: TULAV is expensive based on its Price-To-Earnings Ratio (21.8x) compared to the European Building industry average (19.6x).

Price to Earnings Ratio vs Fair Ratio

What is TULAV's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TULAV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	21.8x
Fair PE Ratio	15.1x

Price-To-Earnings vs Fair Ratio: TULAV is expensive based on its Price-To-Earnings Ratio (21.8x) compared to the estimated Fair Price-To-Earnings Ratio (15.1x).

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.

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