Kistos Holdings Plc

AIM:KIST Stock Report

Market Cap: UK£77.2m

Kistos Holdings Valuation

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

Below Fair Value: KIST (£0.94) is trading below our estimate of fair value (£21.67)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for KIST. This is calculated by dividing KIST's market cap by their current revenue.
What is KIST's PS Ratio?
PS Ratio0.5x
Sales€206.52m
Market Cap€92.84m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for KIST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.6x
PHAR Pharos Energy
0.8x-8.0%UK£88.7m
ENW Enwell Energy
2.2x-0.2%UK£81.8m
CASP Caspian Sunrise
2.2x-10.8%UK£66.5m
AET Afentra
1.2x9.4%UK£100.6m
KIST Kistos Holdings
0.5x20.1%UK£77.2m

Price-To-Sales vs Peers: KIST is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (1.6x).

Price to Sales Ratio vs Industry

How does KIST's PS Ratio compare vs other companies in the GB Oil and Gas Industry?

11 CompaniesPrice / SalesEstimated GrowthMarket Cap
ROSN Rosneft Oil
0.1xn/aUS$21.03b
TLW Tullow Oil
0.2x-6.0%US$400.18m
ENQ EnQuest
0.2x-9.7%US$278.54m
NWF NWF Group
0.08x4.8%US$93.26m
KIST 0.5xIndustry Avg. 1.5xNo. of Companies11PS01.22.43.64.86+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: KIST is good value based on its Price-To-Sales Ratio (0.5x) compared to the UK Oil and Gas industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

What is KIST'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.

KIST PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.5x
Fair PS Ratio1.2x

Price-To-Sales vs Fair Ratio: KIST is good value based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (1.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst KIST forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£0.94
UK£2.89
+207.5%
20.5%UK£3.48UK£2.30n/a2
Nov ’25UK£1.07
UK£2.89
+170.1%
20.5%UK£3.48UK£2.30n/a2
Oct ’25UK£1.14
UK£2.89
+153.5%
20.5%UK£3.48UK£2.30n/a2
Sep ’25UK£1.38
UK£3.58
+159.7%
16.3%UK£4.17UK£3.00n/a2
Aug ’25UK£1.27
UK£3.58
+181.7%
17.0%UK£4.18UK£2.97n/a2
Jul ’25UK£1.32
UK£3.58
+171.0%
17.0%UK£4.18UK£2.97n/a2
Jun ’25UK£1.37
UK£3.60
+162.9%
15.4%UK£4.16UK£3.05n/a2
May ’25UK£1.77
UK£4.56
+158.4%
0.2%UK£4.57UK£4.55n/a2
Apr ’25UK£1.46
UK£4.56
+212.4%
0.2%UK£4.57UK£4.55n/a2
Mar ’25UK£1.70
UK£4.70
+176.5%
2.9%UK£4.84UK£4.56n/a2
Feb ’25UK£1.42
UK£5.62
+294.5%
13.9%UK£6.40UK£4.84n/a2
Jan ’25UK£1.65
UK£5.55
+236.1%
14.2%UK£6.34UK£4.76n/a2
Dec ’24UK£1.95
UK£5.58
+186.1%
14.8%UK£6.40UK£4.75n/a2
Nov ’24UK£1.93
UK£5.58
+189.8%
14.8%UK£6.40UK£4.75UK£1.072
Oct ’24UK£2.15
UK£5.58
+160.1%
14.8%UK£6.40UK£4.75UK£1.142
Sep ’24UK£2.50
UK£5.89
+135.6%
18.6%UK£6.98UK£4.80UK£1.382
Aug ’24UK£2.40
UK£5.89
+145.4%
18.6%UK£6.98UK£4.80UK£1.272
Jul ’24UK£2.35
UK£6.31
+168.4%
3.6%UK£6.53UK£6.08UK£1.322
Jun ’24UK£2.35
UK£6.32
+169.4%
3.2%UK£6.52UK£6.11UK£1.372
May ’24UK£3.04
UK£7.28
+139.5%
13.5%UK£8.26UK£6.30UK£1.772
Apr ’24UK£2.98
UK£6.87
+130.6%
12.6%UK£7.74UK£6.01UK£1.462
Mar ’24UK£3.35
UK£6.87
+105.1%
12.6%UK£7.74UK£6.01UK£1.702
Feb ’24UK£3.76
UK£6.87
+82.7%
12.6%UK£7.74UK£6.01UK£1.422
Jan ’24UK£4.35
UK£8.09
+85.9%
19.4%UK£9.65UK£6.52UK£1.652
Dec ’23UK£4.68
UK£8.09
+72.8%
19.4%UK£9.65UK£6.52UK£1.952
Nov ’23UK£3.83
UK£8.22
+115.0%
18.5%UK£9.74UK£6.70UK£1.932

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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