Admicom Oyj Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: ADMCM (€46.45) is trading below our estimate of fair value (€74.85)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ADMCM. This is calculated by dividing ADMCM's market cap by their current earnings.
What is ADMCM's PE Ratio?
PE Ratio41.1x
Earnings€5.64m
Market Cap€231.62m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ADMCM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.2x
FSECURE F-Secure Oyj
15.2x16.0%€317.6m
LEMON Lemonsoft Oyj
24.2x11.7%€117.6m
LOIHDE Loihde Oyj
33.5x40.6%€61.8m
DIGIA Digia Oyj
15.8x12.3%€171.9m
ADMCM Admicom Oyj
41.1x20.5%€235.6m

Price-To-Earnings vs Peers: ADMCM is expensive based on its Price-To-Earnings Ratio (41.1x) compared to the peer average (22.2x).


Price to Earnings Ratio vs Industry

How does ADMCM's PE Ratio compare vs other companies in the European Software Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ADMCM 41.1xIndustry Avg. 28.2xNo. of Companies17PE020406080100+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ADMCM is expensive based on its Price-To-Earnings Ratio (41.1x) compared to the European Software industry average (28.8x).


Price to Earnings Ratio vs Fair Ratio

What is ADMCM'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.

ADMCM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio41.1x
Fair PE Ratio19.5x

Price-To-Earnings vs Fair Ratio: ADMCM is expensive based on its Price-To-Earnings Ratio (41.1x) compared to the estimated Fair Price-To-Earnings Ratio (19.5x).


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 ADMCM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€46.45
€54.00
+16.3%
7.4%€58.00€50.00n/a2
Nov ’25€49.20
€54.00
+9.8%
7.4%€58.00€50.00n/a2
Oct ’25€52.70
€54.67
+3.7%
6.7%€59.00€50.00n/a3
Sep ’25€50.20
€52.83
+5.2%
8.5%€59.00€47.30n/a4
Aug ’25€48.65
€52.83
+8.6%
8.5%€59.00€47.30n/a4
Jul ’25€44.60
€48.95
+9.8%
12.1%€57.00€42.00n/a4
Jun ’25€47.60
€46.67
-2.0%
7.3%€50.00€42.00n/a3
May ’25€42.25
€46.67
+10.5%
7.3%€50.00€42.00n/a3
Apr ’25€40.50
€45.33
+11.9%
4.5%€48.00€43.00n/a3
Mar ’25€44.10
€45.33
+2.8%
4.5%€48.00€43.00n/a3
Feb ’25€45.50
€45.33
-0.4%
4.5%€48.00€43.00n/a3
Jan ’25€43.25
€46.33
+7.1%
6.7%€49.00€42.00n/a3
Dec ’24€43.45
€45.33
+4.3%
6.3%€49.00€42.00n/a3
Nov ’24€40.10
€46.33
+15.5%
4.1%€49.00€45.00€49.203
Oct ’24€32.30
€47.67
+47.6%
7.9%€53.00€45.00€52.703
Sep ’24€36.20
€50.00
+38.1%
7.1%€53.00€45.00€50.203
Aug ’24€37.60
€50.00
+33.0%
7.1%€53.00€45.00€48.653
Jul ’24€40.80
€50.00
+22.5%
7.1%€53.00€45.00€44.603
Jun ’24€40.25
€50.33
+25.1%
7.7%€54.00€45.00€47.603
May ’24€42.30
€51.67
+22.1%
4.0%€54.00€49.00€42.253
Apr ’24€43.15
€53.67
+24.4%
8.7%€60.00€49.00€40.503
Mar ’24€42.25
€53.67
+27.0%
8.7%€60.00€49.00€44.103
Feb ’24€42.90
€53.67
+25.1%
8.7%€60.00€49.00€45.503
Jan ’24€46.50
€60.00
+29.0%
6.8%€65.00€55.00€43.253
Dec ’23€47.25
€60.00
+27.0%
6.8%€65.00€55.00€43.453
Nov ’23€45.20
€60.00
+32.7%
6.8%€65.00€55.00€40.103

Analyst Forecast: Target price is less than 20% higher than the current share price.


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