Midsona Valuation

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

MSONBS (SEK8.74) is trading below our estimate of [[fair value]] (SEK46.84)

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

Below Fair Value: MSONBS (SEK8.74) is trading below our estimate of fair value (SEK46.84)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for MSONBS. This is calculated by dividing MSONBS's market cap by their current revenue.
What is MSONBS's PS Ratio?
PS Ratio	0.3x
Sales	SEK 3.90b
Market Cap	SEK 1.17b

MSONBS 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	0.5x
Enterprise Value/EBITDA	10.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for MSONBS 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	1.1x
ANP Anpario	2.1x	17.2%	UK£68.0m
FIF Finsbury Food Group	0.3x	4.3%	UK£136.5m
BMK Benchmark Holdings	1.9x	19.7%	UK£278.9m
MHPC MHP	0.2x	n/a	US$460.3m
MSONBS Midsona	0.3x	2.7%	SEK 1.2b

Price-To-Sales vs Peers: MSONBS is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

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

5 Companies	Price / Sales	Estimated Growth	Market Cap
MHPC MHP	0.2x	n/a	US$460.26m
WYN Wynnstay Group	0.1x	-3.5%	US$89.67m
RGD Real Good Food	0.04x	n/a	US$1.84m
UKR Ukrproduct Group	0.03x	n/a	US$1.12m

5 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: MSONBS is good value based on its Price-To-Sales Ratio (0.3x) compared to the UK Food industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

What is MSONBS'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.

MSONBS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.3x
Fair PS Ratio	n/a

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

Discover undervalued companies

Ebro Foods

€2.5b

Operates as a food company in Spain, rest of Europe, the United States, Canada, and internationally.

0NYH

€15.98

0.8%

2.2%

Savencia

€695.4m

Produces, distributes, and markets dairy and cheese products in France, rest of Europe, and internationally.

0DTK

€51.00

1.6%

-5.2%

Nestlé

CHF 195.3b

Operates as a food and beverage company.

NESNZ

CHF 75.97

-3.0%

-24.3%