Nordic Semiconductor Valuation

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

NODo (NOK135.68) is trading below our estimate of [[fair value]] (NOK197.51)

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

Below Fair Value: NODo (NOK135.68) is trading below our estimate of fair value (NOK197.51)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for NODo. This is calculated by dividing NODo's market cap by their current preferred multiple.
What is NODo's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	US$2.60b

NODo 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	5.6x
Enterprise Value/EBITDA	-50.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for NODo 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	2.5x
AWE Alphawave IP Group	3.8x	18.5%	UK£924.7m
ENSI EnSilica	2.4x	23.1%	UK£52.2m
CML CML Microsystems	1.9x	n/a	UK£42.5m
KMK Kromek Group	1.9x	24.1%	UK£34.3m
NODo Nordic Semiconductor	5.8x	18.7%	NOK 27.2b

Price-To-Sales vs Peers: NODo is expensive based on its Price-To-Sales Ratio (5.8x) compared to the peer average (2.5x).

Price to Earnings Ratio vs Industry

How does NODo's PE Ratio compare vs other companies in the European Semiconductor Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	76.7%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	76.7%
	n/a	n/a	n/a

No more companies

Price-To-Sales vs Industry: NODo is expensive based on its Price-To-Sales Ratio (5.8x) compared to the European Semiconductor industry average (1.9x).

Price to Sales Ratio vs Fair Ratio

What is NODo'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.

NODo PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	5.8x
Fair PS Ratio	n/a

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

The above table shows the analyst NODo forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	NOK 135.68	NOK 163.47 +20.5%	15.0%	NOK 187.00	NOK 125.00	n/a	11
Sep ’25	n/a	NOK 163.01 0%	15.8%	NOK 187.00	NOK 110.00	n/a	11
Aug ’25	n/a	NOK 151.17 0%	20.9%	NOK 191.00	NOK 100.00	n/a	12
Jul ’25	n/a	NOK 130.83 0%	14.3%	NOK 161.00	NOK 100.00	n/a	12
Jun ’25	n/a	NOK 127.09 0%	13.0%	NOK 160.00	NOK 100.00	n/a	12
May ’25	NOK 117.65	NOK 127.09 +8.0%	13.0%	NOK 160.00	NOK 100.00	n/a	12
Apr ’25	n/a	NOK 102.03 0%	15.2%	NOK 127.00	NOK 80.00	n/a	11
Mar ’25	NOK 90.67	NOK 102.03 +12.5%	15.2%	NOK 127.00	NOK 80.00	n/a	11
Feb ’25	n/a	NOK 112.80 0%	28.4%	NOK 195.00	NOK 89.00	n/a	11
Jan ’25	n/a	NOK 107.52 0%	18.9%	NOK 145.00	NOK 89.00	n/a	11
Dec ’24	n/a	NOK 105.52 0%	17.4%	NOK 145.00	NOK 89.00	n/a	11
Nov ’24	n/a	NOK 108.16 0%	16.5%	NOK 145.00	NOK 90.00	n/a	11
Oct ’24	n/a	NOK 133.72 0%	20.8%	NOK 180.00	NOK 95.60	n/a	12
Sep ’24	NOK 126.85	NOK 144.16 +13.6%	18.1%	NOK 180.00	NOK 99.94	n/a	12
Aug ’24	n/a	NOK 145.90 0%	18.2%	NOK 180.00	NOK 99.94	n/a	11
Jul ’24	NOK 129.00	NOK 145.59 +12.9%	23.4%	NOK 200.00	NOK 90.00	n/a	10
Jun ’24	NOK 115.95	NOK 139.25 +20.1%	27.5%	NOK 200.00	NOK 90.00	n/a	8
May ’24	NOK 114.15	NOK 142.62 +24.9%	25.9%	NOK 200.00	NOK 90.00	NOK 117.65	8
Apr ’24	NOK 156.95	NOK 174.62 +11.3%	23.1%	NOK 230.00	NOK 120.00	n/a	8
Mar ’24	n/a	NOK 167.99 0%	22.3%	NOK 230.00	NOK 120.00	NOK 90.67	8
Feb ’24	NOK 160.10	NOK 196.29 +22.6%	17.7%	NOK 240.00	NOK 134.36	n/a	8
Jan ’24	n/a	NOK 200.22 0%	19.4%	NOK 270.00	NOK 147.74	n/a	8
Dec ’23	NOK 182.53	NOK 200.22 +9.7%	19.4%	NOK 270.00	NOK 147.74	n/a	8
Nov ’23	NOK 152.35	NOK 200.22 +31.4%	19.4%	NOK 270.00	NOK 147.74	n/a	8
Oct ’23	NOK 143.73	NOK 240.68 +67.5%	25.9%	NOK 330.00	NOK 155.00	n/a	8
Sep ’23	NOK 151.55	NOK 240.68 +58.8%	25.9%	NOK 330.00	NOK 155.00	NOK 126.85	8

Analyst Forecast: Target price is less than 20% higher than the current share price.