Team17 Group plc

AIM:TM17 Stock Report

Market Cap: UK£326.9m

Team17 Group Valuation

Is TM17 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 TM17 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TM17 (£2.27) is trading below our estimate of fair value (£6.56)

Significantly Below Fair Value: TM17 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TM17?

Key metric: As TM17 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for TM17. This is calculated by dividing TM17's market cap by their current revenue.
What is TM17's PS Ratio?
PS Ratio2x
SalesUK£167.42m
Market CapUK£326.88m

Price to Sales Ratio vs Peers

How does TM17's PS Ratio compare to its peers?

The above table shows the PS ratio for TM17 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.8x
GMR Gaming Realms
4.3x11.6%UK£108.9m
DEVO Devolver Digital
1.5x12.1%UK£116.3m
FDEV Frontier Developments
0.8x2.0%UK£75.3m
TBLD tinyBuild
0.7x5.3%UK£22.6m
TM17 Team17 Group
2x2.1%UK£326.9m

Price-To-Sales vs Peers: TM17 is expensive based on its Price-To-Sales Ratio (2x) compared to the peer average (1.8x).

Price to Sales Ratio vs Industry

How does TM17's PS Ratio compare vs other companies in the GB Entertainment Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
CINE Cineworld Group
0.002xn/aUS$6.69m
LVCG Live Company Group
0.1xn/aUS$1.37m
GILD Guild Esports
0.08xn/aUS$404.89k
No more companies available in this PS range
TM17 2.0xIndustry Avg. 1.5xNo. of Companies4PS00.81.62.43.24+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: TM17 is expensive based on its Price-To-Sales Ratio (2x) compared to the European Entertainment industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

What is TM17'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.

TM17 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2x
Fair PS Ratio1.2x

Price-To-Sales vs Fair Ratio: TM17 is expensive based on its Price-To-Sales Ratio (2x) 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 TM17 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£2.27
UK£3.66
+61.3%
15.3%UK£4.90UK£2.97n/a11
Dec ’25UK£2.06
UK£3.54
+72.0%
19.3%UK£4.90UK£2.30n/a11
Nov ’25UK£2.35
UK£3.54
+50.7%
19.3%UK£4.90UK£2.30n/a11
Oct ’25UK£2.75
UK£3.54
+28.8%
19.3%UK£4.90UK£2.30n/a11
Sep ’25UK£2.54
UK£3.57
+40.4%
18.8%UK£4.90UK£2.30n/a11
Aug ’25UK£2.90
UK£3.51
+21.0%
19.7%UK£4.90UK£2.30n/a12
Jul ’25UK£2.83
UK£3.50
+24.0%
20.6%UK£4.90UK£2.30n/a11
Jun ’25UK£3.12
UK£3.42
+9.8%
20.9%UK£4.90UK£2.30n/a13
May ’25UK£2.60
UK£3.40
+30.8%
21.9%UK£4.90UK£2.30n/a12
Apr ’25UK£2.35
UK£3.25
+38.4%
25.2%UK£4.90UK£2.25n/a12
Mar ’25UK£2.35
UK£3.54
+50.5%
33.5%UK£6.40UK£2.25n/a12
Feb ’25UK£2.50
UK£3.69
+47.5%
34.0%UK£6.40UK£2.25n/a13
Jan ’25UK£1.85
UK£4.09
+121.2%
46.8%UK£8.75UK£1.80n/a12
Dec ’24UK£1.65
UK£4.58
+177.3%
38.2%UK£8.75UK£2.25UK£2.0612
Nov ’24UK£2.68
UK£5.58
+108.7%
23.6%UK£8.75UK£3.60UK£2.3511
Oct ’24UK£2.65
UK£5.57
+110.2%
22.6%UK£8.75UK£3.60UK£2.7512
Sep ’24UK£3.35
UK£5.71
+70.4%
21.4%UK£8.75UK£3.60UK£2.5411
Aug ’24UK£3.16
UK£5.66
+79.1%
20.9%UK£8.75UK£3.60UK£2.9012
Jul ’24UK£3.60
UK£5.75
+59.8%
18.2%UK£8.75UK£4.75UK£2.8312
Jun ’24UK£3.60
UK£5.75
+59.8%
18.2%UK£8.75UK£4.75UK£3.1212
May ’24UK£3.62
UK£5.76
+59.1%
18.4%UK£8.80UK£4.75UK£2.6012
Apr ’24UK£3.80
UK£5.78
+52.1%
18.5%UK£8.80UK£4.75UK£2.3512
Mar ’24UK£4.62
UK£5.98
+29.4%
17.5%UK£8.80UK£5.00UK£2.3511
Feb ’24UK£4.60
UK£5.71
+24.2%
21.4%UK£8.80UK£3.46UK£2.5012
Jan ’24UK£4.40
UK£5.64
+28.1%
22.7%UK£8.80UK£3.46UK£1.8512
Dec ’23UK£4.42
UK£5.64
+27.6%
22.7%UK£8.80UK£3.46UK£1.6512

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:05
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Team17 Group plc is covered by 27 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alexander deGrooteArden Partners Plc.
Nicholas Michael DempseyBarclays
Nicholas Michael DempseyBarclays