LeadDesk Oyj Valuation

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

LEADD (€6.62) is trading below our estimate of [[fair value]] (€17.2)

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

Below Fair Value: LEADD (€6.62) is trading below our estimate of fair value (€17.2)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for LEADD. This is calculated by dividing LEADD's market cap by their current revenue.
What is LEADD's PS Ratio?
PS Ratio	1.2x
Sales	€30.35m
Market Cap	€36.27m

LEADD 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	1.4x
Enterprise Value/EBITDA	28.1x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for LEADD 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	1.1x
VINCIT Vincit Oyj	0.3x	-6.7%	€30.6m
TEM1V Tecnotree Oyj	0.6x	6.0%	€47.8m
IFA1V Innofactor Oyj	0.7x	1.3%	€60.7m
HEEROS Heeros Oyj	2.6x	n/a	€29.0m
LEADD LeadDesk Oyj	1.2x	6.1%	€36.3m

Price-To-Sales vs Peers: LEADD is expensive based on its Price-To-Sales Ratio (1.2x) compared to the peer average (1.1x).

Price to Sales Ratio vs Industry

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

45 Companies	Price / Sales	Estimated Growth	Market Cap

45 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: LEADD is good value based on its Price-To-Sales Ratio (1.2x) compared to the European Software industry average (2x).

Price to Sales Ratio vs Fair Ratio

What is LEADD'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.

LEADD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.2x
Fair PS Ratio	0.8x

Price-To-Sales vs Fair Ratio: LEADD is expensive based on its Price-To-Sales Ratio (1.2x) compared to the estimated Fair Price-To-Sales Ratio (0.8x).

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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