AURELIUS Equity Opportunities SE KGaA Valuation

Q: What is the Fair Price of AR4D when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

AR4D (€14.65) is trading below our estimate of [[fair value]] (€19.91)

Is AR4D 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 AR4D when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AR4D (€14.65) is trading below our estimate of fair value (€19.91)

Significantly Below Fair Value: AR4D is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AR4D?

Key metric: As AR4D is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AR4D. This is calculated by dividing AR4D's market cap by their current earnings.
What is AR4D's PE Ratio?
PE Ratio	8.9x
Earnings	€53.50m
Market Cap	€475.68m

AR4D 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	0.3x
Enterprise Value/EBITDA	16.3x
PEG Ratio	0.6x

Price to Earnings Ratio vs Peers

How does AR4D's PE Ratio compare to its peers?

The above table shows the PE ratio for AR4D 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	28.2x
IPX Impax Asset Management Group	10.7x	2.5%	UK£426.8m
TAM Tatton Asset Management	27.5x	11.9%	UK£425.0m
PINT Pantheon Infrastructure	5.5x	n/a	UK£424.9m
RHM Round Hill Music Royalty Fund	69.1x	n/a	US$466.7m
AR4D AURELIUS Equity Opportunities SE KGaA	8.9x	15.1%	€475.7m

Price-To-Earnings vs Peers: AR4D is good value based on its Price-To-Earnings Ratio (8.9x) compared to the peer average (16.6x).

Price to Earnings Ratio vs Industry

How does AR4D's PE Ratio compare vs other companies in the GB Capital Markets Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap
PNIX Phoenix Digital Assets	1.1x	n/a	US$32.46m
IX. i(x) Net Zero	0.1x	n/a	US$8.94m
APQ APQ Global	0.4x	n/a	US$5.78m

No more companies available in this PE range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: AR4D is good value based on its Price-To-Earnings Ratio (8.9x) compared to the UK Capital Markets industry average (15.1x).

Price to Earnings Ratio vs Fair Ratio

What is AR4D'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.

AR4D PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	8.9x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AR4D'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.

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