Alphawave IP Group plc

LSE:AWE Stock Report

Market Cap: UK£1.0b

Alphawave IP Group Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: AWE (£1.37) is trading above our estimate of fair value (£0.2)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for AWE. This is calculated by dividing AWE's market cap by their current revenue.
What is AWE's PS Ratio?
PS Ratio5.7x
SalesUS$225.52m
Market CapUS$1.28b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for AWE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.8x
ENSI EnSilica
1.7x15.0%UK£42.0m
CYAN CyanConnode Holdings
1.9x47.0%UK£35.3m
KMK Kromek Group
1.9xn/aUK£36.9m
CML CML Microsystems
1.6xn/aUK£38.6m
AWE Alphawave IP Group
5.7x33.8%UK£1.0b

Price-To-Sales vs Peers: AWE is expensive based on its Price-To-Sales Ratio (5.7x) compared to the peer average (1.8x).

Price to Sales Ratio vs Industry

How does AWE's PS Ratio compare vs other companies in the European Semiconductor Industry?

5 CompaniesPrice / SalesEstimated GrowthMarket Cap
AWE 5.7xIndustry Avg. 1.7xNo. of Companies8PS012345+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: AWE is expensive based on its Price-To-Sales Ratio (5.7x) compared to the European Semiconductor industry average (1.7x).

Price to Sales Ratio vs Fair Ratio

What is AWE'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.

AWE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.7x
Fair PS Ratio7.6x

Price-To-Sales vs Fair Ratio: AWE is good value based on its Price-To-Sales Ratio (5.7x) compared to the estimated Fair Price-To-Sales Ratio (7.6x).

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 AWE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£1.37
UK£1.58
+15.0%
22.5%UK£1.93UK£1.08n/a4
Nov ’25UK£1.09
UK£1.58
+45.0%
22.5%UK£1.93UK£1.08n/a4
Oct ’25UK£1.07
UK£1.67
+56.5%
15.5%UK£1.89UK£1.25n/a4
Sep ’25UK£1.46
UK£1.80
+23.6%
8.8%UK£1.97UK£1.57n/a4
Aug ’25UK£1.45
UK£1.79
+23.7%
8.8%UK£1.96UK£1.56n/a4
Jul ’25UK£1.42
UK£1.69
+19.5%
10.7%UK£1.90UK£1.48n/a4
Jun ’25UK£1.34
UK£1.72
+28.3%
12.1%UK£1.98UK£1.48n/a4
May ’25UK£1.16
UK£2.03
+75.3%
20.9%UK£2.69UK£1.52n/a4
Apr ’25UK£1.75
UK£2.08
+18.8%
18.2%UK£2.72UK£1.79n/a4
Mar ’25UK£1.82
UK£2.09
+14.6%
18.3%UK£2.73UK£1.80n/a4
Feb ’25UK£1.25
UK£1.98
+58.8%
22.3%UK£2.69UK£1.49n/a4
Jan ’25UK£1.29
UK£1.97
+52.7%
20.9%UK£2.61UK£1.51n/a4
Dec ’24UK£1.15
UK£1.96
+70.3%
20.9%UK£2.60UK£1.50n/a4
Nov ’24UK£0.99
UK£2.18
+119.6%
17.5%UK£2.70UK£1.81UK£1.093
Oct ’24UK£1.14
UK£2.18
+90.6%
17.5%UK£2.70UK£1.81UK£1.073
Sep ’24UK£1.43
UK£2.20
+54.1%
17.3%UK£2.73UK£1.85UK£1.463
Aug ’24UK£1.59
UK£2.07
+30.3%
23.3%UK£2.70UK£1.52UK£1.453
Jul ’24UK£1.43
UK£2.06
+43.4%
22.3%UK£2.66UK£1.55UK£1.423
Jun ’24UK£1.21
UK£2.01
+66.1%
28.7%UK£2.72UK£1.31UK£1.343
May ’24UK£1.01
UK£2.13
+110.0%
27.6%UK£2.72UK£1.54UK£1.162
Apr ’24UK£1.17
UK£2.29
+95.1%
19.4%UK£2.78UK£1.60UK£1.754
Mar ’24UK£0.92
UK£2.29
+148.6%
19.4%UK£2.78UK£1.60UK£1.824
Feb ’24UK£0.95
UK£2.59
+171.2%
3.5%UK£2.70UK£2.48UK£1.253
Jan ’24UK£1.02
UK£2.49
+143.9%
2.6%UK£2.56UK£2.40UK£1.293
Dec ’23UK£1.08
UK£2.49
+130.3%
2.6%UK£2.56UK£2.40UK£1.153
Nov ’23UK£1.10
UK£2.56
+132.5%
4.3%UK£2.71UK£2.44UK£0.993

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

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