SDX Energy Valuation

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

SDX (£0.02) is trading below our estimate of [[fair value]] (£0.69)

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

Below Fair Value: SDX (£0.02) is trading below our estimate of fair value (£0.69)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SDX. This is calculated by dividing SDX's market cap by their current revenue.
What is SDX's PS Ratio?
PS Ratio	0.5x
Sales	US$9.26m
Market Cap	US$5.01m

SDX 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	0.4x
Enterprise Value/EBITDA	0.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SDX 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	11x
SENX Serinus Energy	0.2x	n/a	UK£3.2m
NOG Nostrum Oil & Gas	0.06x	-18.5%	UK£6.6m
ADME ADM Energy	43x	n/a	UK£2.7m
CAD Cadogan Energy Solutions	0.7x	n/a	UK£5.9m
SDX SDX Energy	0.5x	n/a	UK£4.0m

Price-To-Sales vs Peers: SDX is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (11x).

Price to Sales Ratio vs Industry

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

11 Companies	Price / Sales	Estimated Growth	Market Cap
ROSN Rosneft Oil	0.1x	n/a	US$21.03b
TLW Tullow Oil	0.3x	-6.1%	US$425.42m
ENQ EnQuest	0.2x	-9.7%	US$268.07m
NWF NWF Group	0.08x	4.8%	US$91.24m

11 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: SDX is good value based on its Price-To-Sales Ratio (0.5x) compared to the UK Oil and Gas industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

What is SDX'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.

SDX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.5x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate SDX's Price-To-Sales 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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