Micro Systemation Valuation

Q: What is the Fair Price of 0FBM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

0FBM (SEK53) is trading below our estimate of [[fair value]] (SEK129.55)

Is 0FBM 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-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0FBM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0FBM (SEK53) is trading below our estimate of fair value (SEK129.55)

Significantly Below Fair Value: 0FBM is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As 0FBM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0FBM. This is calculated by dividing 0FBM's market cap by their current earnings.
What is 0FBM's PE Ratio?
PE Ratio	64.9x
Earnings	SEK 15.70m
Market Cap	SEK 945.58m

0FBM 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	2x
Enterprise Value/EBITDA	33.6x
PEG Ratio	1.6x

Price to Earnings Ratio vs Peers

How does 0FBM's PE Ratio compare to its peers?

The above table shows the PE ratio for 0FBM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	89.1x
CNS Corero Network Security	175.3x	52.7%	UK£110.1m
GETB GetBusy	56.9x	-199.1%	UK£30.2m
BLTG Blancco Technology Group	63x	36.0%	UK£173.0m
AOM ActiveOps	61.2x	-19.8%	UK£80.3m
0FBM Micro Systemation	64.9x	40.4%	SEK 945.6m

Price-To-Earnings vs Peers: 0FBM is expensive based on its Price-To-Earnings Ratio (64.9x) compared to the peer average (34.2x).

Price to Earnings Ratio vs Industry

How does 0FBM's PE Ratio compare vs other companies in the GB Software Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
SORT Sorted Group Holdings	3x	n/a	US$5.52m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 0FBM is expensive based on its Price-To-Earnings Ratio (64.9x) compared to the UK Software industry average (42.1x).

Price to Earnings Ratio vs Fair Ratio

What is 0FBM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0FBM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	64.9x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 0FBM's Price-To-Earnings 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.

Discover undervalued companies

Computacenter

UK£2.3b

Provides technology and services to corporate and public sector organizations in the United Kingdom, Germany, France, North America, and internationally.

CCCL

UK£22.28

0.09%

-17.1%

Truecaller

SEK 16.7b

Develops and publishes mobile caller ID applications for individuals and business in India, the Middle East, Africa, and internationally.

0AA7

SEK 48.66

5.6%

51.9%

Kontron

€1.0b

Engages in the provision of internet of things (IoT) solutions in Austria and internationally.

0L9J

€16.87

-0.04%

-22.0%