Believe Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: BLVP (€15) is trading below our estimate of fair value (€37.56)

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


Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for BLVP. This is calculated by dividing BLVP's market cap by their current revenue.
What is BLVP's PS Ratio?
PS Ratio1.6x
Sales€939.03m
Market Cap€1.52b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for BLVP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.6x
LBG LBG Media
3.4x9.6%UK£278.1m
CCP Celtic
1.3x-13.6%UK£156.5m
EMAN Everyman Media Group
0.5x14.3%UK£48.8m
ADF Facilities by ADF
1.2x48.5%UK£34.2m
BLVP Believe
1.6x13.1%€1.5b

Price-To-Sales vs Peers: BLVP is good value based on its Price-To-Sales Ratio (1.6x) compared to the peer average (1.9x).


Price to Sales Ratio vs Industry

How does BLVP'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
0.07xn/aUS$327.82k
No more companies available in this PS range
No. of Companies3PS00.61.21.82.43+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: BLVP is expensive based on its Price-To-Sales Ratio (1.6x) compared to the UK Entertainment industry average (1.4x).


Price to Sales Ratio vs Fair Ratio

What is BLVP'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.

BLVP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.6x
Fair PS Ration/a

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