RBG Holdings Valuation

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

RBGP (£0.02) is trading below our estimate of [[fair value]] (£0.17)

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

Below Fair Value: RBGP (£0.02) is trading below our estimate of fair value (£0.17)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for RBGP. This is calculated by dividing RBGP's market cap by their current revenue.
What is RBGP's PS Ratio?
PS Ratio	0.06x
Sales	UK£37.83m
Market Cap	UK£2.16m

RBGP 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	1x
Enterprise Value/EBITDA	-3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for RBGP 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	1.9x
AQSG Aquila Services Group	0.2x	n/a	UK£2.6m
AUK Aukett Swanke Group	0.3x	n/a	UK£5.1m
DSW DSW Capital	6.5x	37.0%	UK£15.1m
CTG Christie Group	0.4x	7.5%	UK£27.9m
RBGP RBG Holdings	0.06x	9.7%	UK£2.2m

Price-To-Sales vs Peers: RBGP is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (1.9x).

Price to Sales Ratio vs Industry

How does RBGP's PS Ratio compare vs other companies in the GB Professional Services Industry?

10 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	0.7x	6.1%
RBGP RBG Holdings	0.06x	9.7%	US$2.73m
HAS Hays	0.2x	1.4%	US$1.56b
IPEL Impellam Group	0.2x	n/a	US$489.91m

10 Companies		Estimated Growth	Market Cap
Industry Avg.	0.7x	11.6%
RBGP RBG Holdings	0.06x	n/a	US$2.73m

No more companies

Price-To-Sales vs Industry: RBGP is good value based on its Price-To-Sales Ratio (0.1x) compared to the UK Professional Services industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is RBGP'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.

RBGP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.06x
Fair PS Ratio	0.1x

Price-To-Sales vs Fair Ratio: RBGP is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0.1x).

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.