PowerCell Sweden Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: PCELLS (SEK28.83) is trading above our estimate of fair value (SEK22.11)

Significantly Below Fair Value: PCELLS is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for PCELLS. This is calculated by dividing PCELLS's market cap by their current revenue.
What is PCELLS's PS Ratio?
PS Ratio	4.6x
Sales	SEK 315.74m
Market Cap	SEK 1.46b

PCELLS 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	4.4x
Enterprise Value/EBITDA	-23.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for PCELLS 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	6.6x
ROOF Atrato Onsite Energy	23.6x	n/a	UK£114.0m
DWHT Dewhurst Group	1.5x	3.7%	UK£60.3m
LUCE Luceco	0.9x	8.2%	UK£200.5m
DIA Dialight	0.3x	6.0%	UK£45.8m
PCELLS PowerCell Sweden	4.6x	22.3%	SEK 1.5b

Price-To-Sales vs Peers: PCELLS is good value based on its Price-To-Sales Ratio (4.6x) compared to the peer average (10.5x).

Price to Sales Ratio vs Industry

How does PCELLS'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$759.40m
VLX Volex	0.6x	6.7%	US$658.20m
XPP XP Power	1.1x	3.2%	US$377.18m
LUCE Luceco	0.9x	8.2%	US$251.50m

12 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: PCELLS is expensive based on its Price-To-Sales Ratio (4.6x) compared to the UK Electrical industry average (1.8x).

Price to Sales Ratio vs Fair Ratio

What is PCELLS'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.

PCELLS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	4.6x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate PCELLS'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.

Discover undervalued companies

Senior

UK£577.4m

Designs, manufactures, and sells high-technology components and systems for the principal original equipment manufacturers in the aerospace, defense, land vehicle, and power and energy markets in the United States, the United Kingdom, and internationally.

SNR

UK£1.41

-1.3%

-18.5%

Aalberts

€3.7b

Offers mission-critical technologies for aerospace, automotive, building, and maritime sectors.

0NX1

€34.40

-0.9%

-2.2%

Rieter Holding

CHF 384.1m

Supplies systems for manufacturing yarn from staple fibers in spinning mills in Switzerland and internationally.

0QKA

CHF 87.30

-0.9%

1.2%