Ovoca Bio Valuation

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

OVB (£0.02) is trading below our estimate of [[fair value]] (£0.93)

Is OVB 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-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: OVB (£0.02) is trading below our estimate of fair value (£0.93)

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

Key Valuation Metric

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

Key metric: As OVB is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for OVB. This is calculated by dividing OVB's market cap by their current book value.
What is OVB's PB Ratio?
PB Ratio	0.7x
Book	€2.24m
Market Cap	€1.51m

OVB 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	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does OVB's PB Ratio compare to its peers?

The above table shows the PB ratio for OVB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	5.2x
N4P N4 Pharma	2.1x	n/a	UK£2.6m
NFX Nuformix	0.09x	n/a	UK£385.1k
MAX Maxrets Ventures	17.5x	n/a	UK£332.8k
KNB Kanabo Group	1.1x	n/a	UK£6.3m
OVB Ovoca Bio	0.7x	n/a	UK£1.5m

Price-To-Book vs Peers: OVB is good value based on its Price-To-Book Ratio (0.7x) compared to the peer average (5.2x).

Price to Book Ratio vs Industry

How does OVB's PB Ratio compare vs other companies in the GB Pharmaceuticals Industry?

4 Companies	Price / Book	Estimated Growth	Market Cap
Industry Avg.	2.3x	19.6%
OVB Ovoca Bio	0.7x	n/a	US$1.57m
EAH ECO Animal Health Group	0.5x	34.2%	US$56.04m
OCTP Oxford Cannabinoid Technologies Holdings	0.6x	15.1%	US$1.60m

4 Companies		Estimated Growth	Market Cap
Industry Avg.	2.3x	19.6%
OVB Ovoca Bio	0.7x	n/a	US$1.57m

No more companies

Price-To-Book vs Industry: OVB is good value based on its Price-To-Book Ratio (0.7x) compared to the European Pharmaceuticals industry average (2.3x).

Price to Book Ratio vs Fair Ratio

What is OVB's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OVB PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	0.7x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate OVB's Price-To-Book 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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