Kahoot! ASA

LSE:0AAH Stock Report

Market Cap: NOK 17.1b

Kahoot! Valuation

Is 0AAH 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 0AAH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0AAH (NOK34.66) is trading above our estimate of fair value (NOK33.02)

Significantly Below Fair Value: 0AAH is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0AAH?

Key metric: As 0AAH is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0AAH. This is calculated by dividing 0AAH's market cap by their current revenue.
What is 0AAH's PS Ratio?
PS Ratio10.3x
SalesUS$157.33m
Market CapUS$1.62b

Price to Sales Ratio vs Peers

How does 0AAH's PS Ratio compare to its peers?

The above table shows the PS ratio for 0AAH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.1x
TM17 Team17 Group
1.7x2.2%UK£295.2m
DEVO Devolver Digital
1.5x12.1%UK£114.8m
GMR Gaming Realms
4.3x11.6%UK£109.1m
FDEV Frontier Developments
1x2.0%UK£87.3m
0AAH Kahoot!
10.3x18.1%NOK 17.1b

Price-To-Sales vs Peers: 0AAH is expensive based on its Price-To-Sales Ratio (10.3x) compared to the peer average (2x).

Price to Sales Ratio vs Industry

How does 0AAH'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
0.06xn/aUS$316.08k
No more companies available in this PS range
0AAH 10.3xIndustry Avg. 1.4xNo. of Companies3PS00.81.62.43.24+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0AAH is expensive based on its Price-To-Sales Ratio (10.3x) compared to the UK Entertainment industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is 0AAH'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.

0AAH PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio10.3x
Fair PS Ratio2.4x

Price-To-Sales vs Fair Ratio: 0AAH is expensive based on its Price-To-Sales Ratio (10.3x) compared to the estimated Fair Price-To-Sales Ratio (2.4x).

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 0AAH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
NOK 34.62
0%
5.1%NOK 37.07NOK 33.08n/a3
Nov ’25n/a
NOK 34.62
0%
5.1%NOK 37.07NOK 33.08n/a3
Oct ’25n/a
NOK 34.62
0%
5.1%NOK 37.07NOK 33.08n/a3
Sep ’25n/a
NOK 34.62
0%
5.1%NOK 37.07NOK 33.08n/a3
Aug ’25n/a
NOK 34.62
0%
5.1%NOK 37.07NOK 33.08n/a3
Jul ’25n/a
NOK 34.62
0%
5.1%NOK 37.07NOK 33.08n/a3
Jun ’25n/a
NOK 34.62
0%
5.1%NOK 37.07NOK 33.08n/a3
May ’25n/a
NOK 34.62
0%
5.1%NOK 37.07NOK 33.08n/a3
Apr ’25n/a
NOK 34.62
0%
5.1%NOK 37.07NOK 33.08n/a3
Mar ’25n/a
NOK 34.62
0%
5.1%NOK 37.07NOK 33.08n/a3
Feb ’25n/a
NOK 34.62
0%
5.1%NOK 37.07NOK 33.08n/a3
Jan ’25NOK 34.01
NOK 33.64
-1.1%
3.2%NOK 35.12NOK 32.60n/a3
Dec ’24NOK 35.04
NOK 31.22
-10.9%
15.5%NOK 36.65NOK 25.17n/a5
Nov ’24NOK 35.49
NOK 29.81
-16.0%
20.9%NOK 36.96NOK 23.43n/a4
Oct ’24NOK 34.77
NOK 29.81
-14.3%
20.9%NOK 36.96NOK 23.43n/a4
Sep ’24NOK 34.25
NOK 29.81
-13.0%
20.9%NOK 36.96NOK 23.43n/a4
Aug ’24NOK 34.72
NOK 29.81
-14.1%
20.9%NOK 36.96NOK 23.43n/a4
Jul ’24NOK 29.11
NOK 26.82
-7.9%
8.0%NOK 31.23NOK 25.07n/a6
Jun ’24NOK 27.55
NOK 27.44
-0.4%
9.6%NOK 33.05NOK 25.41n/a6
May ’24NOK 27.99
NOK 25.58
-8.6%
19.7%NOK 31.94NOK 17.21n/a6
Apr ’24NOK 23.00
NOK 23.71
+3.1%
25.8%NOK 32.16NOK 16.52n/a5
Mar ’24NOK 19.61
NOK 23.75
+21.1%
24.7%NOK 32.13NOK 17.14n/a5
Feb ’24NOK 18.12
NOK 25.80
+42.4%
27.9%NOK 33.67NOK 16.34n/a6
Jan ’24NOK 19.44
NOK 26.56
+36.7%
23.2%NOK 33.69NOK 18.80NOK 34.016
Dec ’23NOK 22.94
NOK 26.37
+15.0%
20.9%NOK 34.91NOK 19.48NOK 35.046
Nov ’23NOK 23.24
NOK 24.75
+6.5%
19.7%NOK 29.90NOK 18.94NOK 35.494

Analyst Forecast: Target price is lower than the current share price.

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