ATEME SA

ENXTPA:ATEME Stock Report

Market Cap: €51.6m

ATEME Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: ATEME (€4.49) is trading below our estimate of fair value (€33.57)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for ATEME. This is calculated by dividing ATEME's market cap by their current revenue.
What is ATEME's PS Ratio?
PS Ratio0.6x
Sales€91.69m
Market Cap€51.59m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ATEME vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1x
PARRO Parrot
1.2xn/a€74.3m
VANTI Vantiva
0.03x5.1%€65.2m
EKI EKINOPS
0.9x8.6%€105.3m
ALLEC Cogelec
1.9x11.4%€135.3m
ATEME ATEME
0.6x9.8%€51.6m

Price-To-Sales vs Peers: ATEME is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (1x).

Price to Sales Ratio vs Industry

How does ATEME's PS Ratio compare vs other companies in the European Communications Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
ATEME 0.6xIndustry Avg. 1.1xNo. of Companies9PS00.81.62.43.24+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ATEME is good value based on its Price-To-Sales Ratio (0.6x) compared to the European Communications industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is ATEME'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.

ATEME PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: ATEME is good value based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

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 ATEME forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€4.49
€5.65
+25.8%
41.6%€8.00€3.30n/a2
Nov ’25€4.59
€5.65
+23.1%
41.6%€8.00€3.30n/a2
Oct ’25€3.24
€5.65
+74.4%
41.6%€8.00€3.30n/a2
Sep ’25€3.74
€5.65
+51.1%
41.6%€8.00€3.30n/a2
Aug ’25€3.90
€5.65
+44.9%
41.6%€8.00€3.30n/a2
Dec ’24€6.60
€12.60
+90.9%
4.8%€13.20€12.00n/a2
Nov ’24€6.50
€13.10
+101.5%
0.8%€13.20€13.00€4.592
Oct ’24€8.00
€13.10
+63.7%
0.8%€13.20€13.00€3.242
Sep ’24€8.60
€13.50
+57.0%
3.7%€14.00€13.00€3.742
Aug ’24€9.30
€13.50
+45.2%
3.7%€14.00€13.00€3.902
Jul ’24€9.62
€13.25
+37.7%
9.4%€14.50€12.00€4.162
Jun ’24€9.92
€13.25
+33.6%
9.4%€14.50€12.00€5.902
May ’24€9.00
€13.25
+47.2%
9.4%€14.50€12.00€5.622
Apr ’24€8.59
€14.35
+67.1%
2.4%€14.70€14.00€4.432
Mar ’24€9.18
€14.35
+56.3%
2.4%€14.70€14.00€4.062
Feb ’24€9.41
€14.35
+52.5%
2.4%€14.70€14.00€6.262
Jan ’24€10.42
€17.40
+67.0%
2.3%€17.80€17.00€7.042
Dec ’23€10.44
€17.40
+66.7%
2.3%€17.80€17.00€6.602
Nov ’23€11.90
€17.35
+45.8%
2.0%€17.70€17.00€6.502

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.

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