Starbreeze Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: STARAS (SEK0.9) is trading above our estimate of fair value (SEK0.77)

Significantly Below Fair Value: STARAS is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for STARAS. This is calculated by dividing STARAS's market cap by their current revenue.
What is STARAS's PS Ratio?
PS Ratio	6x
Sales	SEK 142.21m
Market Cap	SEK 885.66m

STARAS 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	5.4x
Enterprise Value/EBITDA	-169.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for STARAS 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	1.8x
FDEV Frontier Developments	1x	2.0%	UK£87.1m
DEVO Devolver Digital	1.5x	12.1%	UK£119.5m
GMR Gaming Realms	4.2x	11.6%	UK£108.1m
TBLD tinyBuild	0.5x	8.0%	UK£15.1m
STARAS Starbreeze	6x	9.0%	SEK 885.7m

Price-To-Sales vs Peers: STARAS is expensive based on its Price-To-Sales Ratio (6x) compared to the peer average (1.7x).

Price to Sales Ratio vs Industry

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

3 Companies	Price / Sales	Estimated Growth	Market Cap
CINE Cineworld Group	0.002x	n/a	US$6.69m
LVCG Live Company Group	0.1x	n/a	US$1.37m
GILD Guild Esports	0.06x	n/a	US$313.21k

No more companies available in this PS range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: STARAS is expensive based on its Price-To-Sales Ratio (6x) compared to the UK Entertainment industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is STARAS'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.

STARAS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	6x
Fair PS Ratio	n/a

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