Kempower Oyj Valuation

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

Below Fair Value: KEMPOH (€13.9) is trading below our estimate of fair value (€28.19)

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

Key Valuation Metric

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

Key metric: As KEMPOH is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for KEMPOH. This is calculated by dividing KEMPOH's market cap by their current revenue.
What is KEMPOH's PS Ratio?
PS Ratio	2.4x
Sales	€255.11m
Market Cap	€601.93m

KEMPOH 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	2.2x
Enterprise Value/EBITDA	246.9x
PEG Ratio	24.7x

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for KEMPOH 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	3.1x
VLX Volex	0.6x	6.7%	UK£523.8m
DSCV discoverIE Group	1.4x	2.8%	UK£606.4m
TFW FW Thorpe	2.1x	n/a	UK£364.9m
CWR Ceres Power Holdings	8.2x	21.5%	UK£319.8m
KEMPOH Kempower Oyj	2.4x	18.9%	€601.9m

Price-To-Sales vs Peers: KEMPOH is good value based on its Price-To-Sales Ratio (2.4x) compared to the peer average (4.2x).

Price to Sales Ratio vs Industry

How does KEMPOH's PS Ratio compare vs other companies in the GB Electrical Industry?

12 Companies	Price / Sales	Estimated Growth	Market Cap
DSCV discoverIE Group	1.4x	2.8%	US$769.32m
VLX Volex	0.6x	6.7%	US$664.60m
XPP XP Power	1.1x	3.2%	US$383.90m
LUCE Luceco	0.9x	8.2%	US$251.25m

12 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: KEMPOH is expensive based on its Price-To-Sales Ratio (2.4x) compared to the UK Electrical industry average (1.9x).

Price to Sales Ratio vs Fair Ratio

What is KEMPOH'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.

KEMPOH PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2.4x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate KEMPOH's Price-To-Sales Fair Ratio for valuation analysis.

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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