Thor Medical ASA

BATS-CHIXE:TRMEDO Stock Report

Market Cap: NOK 238.1m

Thor Medical Valuation

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

Below Fair Value: Insufficient data to calculate TRMEDO's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate TRMEDO's fair value for valuation analysis.


Key Valuation Metric

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

Key metric: As TRMEDO 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 TRMEDO. This is calculated by dividing TRMEDO's market cap by their current book value.
What is TRMEDO's PB Ratio?
PB Ratio0.9x
BookNOK 271.93m
Market CapNOK 238.15m

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for TRMEDO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average4.6x
HEMO Hemogenyx Pharmaceuticals
4.7xn/aUK£14.4m
OPTI OptiBiotix Health
1.8xn/aUK£13.0m
AREC Arecor Therapeutics
5.7x-1.8%UK£28.9m
PBX ProBiotix Health
6.2xn/aUK£7.9m
TRMEDO Thor Medical
0.9xn/aNOK 238.1m

Price-To-Book vs Peers: TRMEDO is good value based on its Price-To-Book Ratio (0.9x) compared to the peer average (4.7x).


Price to Book Ratio vs Industry

How does TRMEDO's PB Ratio compare vs other companies in the GB Biotechs Industry?

4 CompaniesPrice / BookEstimated GrowthMarket Cap
DEST Destiny Pharma
0.3x-15.5%US$5.85m
BDRX Biodexa Pharmaceuticals
0.5xn/aUS$4.42m
LLAI LungLife AI
0.4x101.0%US$3.46m
VAL ValiRx
0.6xn/aUS$2.78m
No more companies available in this PB range
No. of Companies7PB02.44.87.29.612+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: TRMEDO is good value based on its Price-To-Book Ratio (0.9x) compared to the UK Biotechs industry average (2.5x).


Price to Book Ratio vs Fair Ratio

What is TRMEDO'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.

TRMEDO PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.9x
Fair PB Ration/a

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