PION Group Valuation

Is PIONBS 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-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: PIONBS (SEK10.66) is trading below our estimate of fair value (SEK14.17)

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

Key Valuation Metric

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

Key metric: As PIONBS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PIONBS. This is calculated by dividing PIONBS's market cap by their current earnings.
What is PIONBS's PE Ratio?
PE Ratio	12.4x
Earnings	SEK 28.51m
Market Cap	SEK 352.65m

PIONBS 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	0.2x
Enterprise Value/EBITDA	5.2x
PEG Ratio	0.3x

Price to Earnings Ratio vs Peers

How does PIONBS's PE Ratio compare to its peers?

The above table shows the PE ratio for PIONBS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	23.8x
GATC Gattaca	35.1x	n/a	UK£27.0m
RTC RTC Group	7.2x	n/a	UK£14.3m
NBB Norman Broadbent	13.3x	n/a	UK£3.0m
RWA Robert Walters	39.5x	71.0%	UK£225.4m
PIONBS PION Group	12.4x	39.0%	SEK 352.6m

Price-To-Earnings vs Peers: PIONBS is good value based on its Price-To-Earnings Ratio (12.4x) compared to the peer average (13.7x).

Price to Earnings Ratio vs Industry

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

2 Companies	Price / Earnings	Estimated Growth	Market Cap
IBPO iEnergizer	1.7x	n/a	US$140.06m
TEK Tekcapital	1.7x	n/a	US$23.37m

No more companies available in this PE range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: PIONBS is good value based on its Price-To-Earnings Ratio (12.4x) compared to the UK Professional Services industry average (18.2x).

Price to Earnings Ratio vs Fair Ratio

What is PIONBS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PIONBS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	12.4x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PIONBS's Price-To-Earnings 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.