Spinnova Oyj Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: Insufficient data to calculate SPINN's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate SPINN's fair value for valuation analysis.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SPINN. This is calculated by dividing SPINN's market cap by their current revenue.
What is SPINN's PS Ratio?
PS Ratio	22.3x
Sales	€2.18m
Market Cap	€47.07m

SPINN 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	0.2x
Enterprise Value/EBITDA	-0.03x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SPINN 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	1x
PIIPPO Piippo Oyj	0.2x	9.3%	€2.1m
ORTHEX Orthex Oyj	1x	6.1%	€93.1m
RAP1V Rapala VMC	0.4x	n/a	€77.4m
MEKKO Marimekko Oyj	2.6x	5.7%	€459.3m
SPINN Spinnova Oyj	22.3x	32.3%	€47.1m

Price-To-Sales vs Peers: SPINN is expensive based on its Price-To-Sales Ratio (22.3x) compared to the peer average (1x).

Price to Sales Ratio vs Industry

How does SPINN's PS Ratio compare vs other companies in the European Luxury Industry?

16 Companies	Price / Sales	Estimated Growth	Market Cap

16 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: SPINN is expensive based on its Price-To-Sales Ratio (22.3x) compared to the European Luxury industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is SPINN'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.

SPINN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	22.3x
Fair PS Ratio	2.4x

Price-To-Sales vs Fair Ratio: SPINN is expensive based on its Price-To-Sales Ratio (22.3x) compared to the estimated Fair Price-To-Sales Ratio (2.4x).

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 SPINN forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	€0.93	€1.90 +103.9%	5.3%	€2.00	€1.80	n/a	2
Nov ’25	€1.41	€1.90 +34.8%	5.3%	€2.00	€1.80	n/a	2
Oct ’25	€1.50	€1.90 +26.5%	5.3%	€2.00	€1.80	n/a	2
Sep ’25	€1.58	€4.00 +153.2%	50.0%	€6.00	€2.00	n/a	2
Aug ’25	€1.68	€4.00 +138.1%	50.0%	€6.00	€2.00	n/a	2
Jul ’25	€1.60	€4.00 +150.0%	50.0%	€6.00	€2.00	n/a	2
Jun ’25	€1.67	€4.00 +139.5%	50.0%	€6.00	€2.00	n/a	2

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.