PCI-PAL Valuation

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

PCIP (£0.67) is trading above our estimate of [[fair value]] (£0.01)

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: PCIP (£0.67) is trading above our estimate of fair value (£0.01)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for PCIP. This is calculated by dividing PCIP's market cap by their current revenue.
What is PCIP's PS Ratio?
PS Ratio	2.7x
Sales	UK£17.96m
Market Cap	UK£48.16m

PCIP 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	2.4x
Enterprise Value/EBITDA	-65.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for PCIP 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	2.2x
FIN Finseta	1.8x	16.8%	UK£19.5m
FNX Fonix	3x	8.0%	UK£229.6m
CABP CAB Payments Holdings	2.1x	19.8%	UK£183.7m
PAY PayPoint	2x	-3.8%	UK£602.4m
PCIP PCI-PAL	2.7x	17.2%	UK£48.2m

Price-To-Sales vs Peers: PCIP is expensive based on its Price-To-Sales Ratio (2.7x) compared to the peer average (2.2x).

Price to Sales Ratio vs Industry

How does PCIP's PS Ratio compare vs other companies in the GB Diversified Financial Industry?

2 Companies	Price / Sales	Estimated Growth	Market Cap
NBS Nationwide Building Society	0.3x	n/a	US$1.52b
LEND Sancus Lending Group	0.3x	15.1%	US$3.61m

No more companies available in this PS range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: PCIP is expensive based on its Price-To-Sales Ratio (2.7x) compared to the UK Diversified Financial industry average (2x).

Price to Sales Ratio vs Fair Ratio

What is PCIP'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.

PCIP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2.7x
Fair PS Ratio	2.2x

Price-To-Sales vs Fair Ratio: PCIP is expensive based on its Price-To-Sales Ratio (2.7x) compared to the estimated Fair Price-To-Sales Ratio (2.2x).

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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