Groupe Airwell Société anonyme Valuation

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

ALAIR (€1.54) is trading below our estimate of [[fair value]] (€1.8)

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: ALAIR (€1.54) is trading below our estimate of fair value (€1.8)

Significantly Below Fair Value: ALAIR is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for ALAIR. This is calculated by dividing ALAIR's market cap by their current revenue.
What is ALAIR's PS Ratio?
PS Ratio	0.2x
Sales	€58.26m
Market Cap	€9.34m

ALAIR 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	0.3x
Enterprise Value/EBITDA	8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ALAIR 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	0.2x
MLCOR Corep Lighting Société anonyme	0.2x	n/a	€7.4m
ALMGI MG International	0.3x	n/a	€22.5m
ALMLB Miliboo Société anonyme	0.2x	0.9%	€9.9m
ALAST AST Groupe	0.04x	-30.6%	€6.2m
ALAIR Groupe Airwell Société anonyme	0.2x	9.5%	€9.3m

Price-To-Sales vs Peers: ALAIR is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.2x).

Price to Sales Ratio vs Industry

How does ALAIR's PS Ratio compare vs other companies in the European Consumer Durables Industry?

13 Companies	Price / Sales	Estimated Growth	Market Cap

13 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: ALAIR is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Consumer Durables industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is ALAIR'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.

ALAIR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	0.2x

Price-To-Sales vs Fair Ratio: ALAIR is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.2x).

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.