Atlantic Sapphire ASA

BATS-CHIXE:ASAO Stock Report

Market Cap: NOK 22.4m

Atlantic Sapphire Valuation

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

Below Fair Value: ASAO (NOK8.3) is trading below our estimate of fair value (NOK2612.15)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for ASAO. This is calculated by dividing ASAO's market cap by their current revenue.
What is ASAO's PS Ratio?
PS Ratio0.1x
SalesUS$17.13m
Market CapUS$2.13m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ASAO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.4x
RGD Real Good Food
0.04xn/aUK£1.4m
UKR Ukrproduct Group
0.03xn/aUK£991.8k
DKL Dekel Agri-Vision
0.2x10.1%UK£7.4m
OHT Ocean Harvest Technology Group
5.2xn/aUK£11.0m
ASAO Atlantic Sapphire
0.1x25.9%NOK 22.4m

Price-To-Sales vs Peers: ASAO is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.2x).

Price to Sales Ratio vs Industry

How does ASAO's PS Ratio compare vs other companies in the GB Food Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.n/a4.8%
ASAO Atlantic Sapphire
 0.1x25.9%US$2.13m
MHPC MHP
0.2xn/aUS$454.91m
WYN Wynnstay Group
0.1x-3.5%US$90.64m
No. of Companies5PS00.81.62.43.24+
6 CompaniesEstimated GrowthMarket Cap
Industry Avg.n/a9.6%
ASAO Atlantic Sapphire
 0.1x53.2%US$2.13m
No more companies

Price-To-Sales vs Industry: ASAO is good value based on its Price-To-Sales Ratio (0.1x) compared to the UK Food industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

What is ASAO'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.

ASAO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.1x
Fair PS Ration/a

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