Vinanz Limited

OFEX:BTC Stock Report

Market Cap: UK£23.4m

Vinanz Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

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

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

Key Valuation Metric

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

Key metric: As BTC 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 BTC. This is calculated by dividing BTC's market cap by their current book value.
What is BTC's PB Ratio?
PB Ratio15.7x
BookUK£1.50m
Market CapUK£23.44m

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for BTC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average2.1x
BIRD Blackbird
2.8xn/aUK£23.2m
TAP Tap Global Group
0.9xn/aUK£22.5m
ALT Altitude Group
2x27.6%UK£20.6m
SMRT SmartSpace Software
2.7xn/aUK£27.8m
BTC Vinanz
15.7x125.9%UK£23.4m

Price-To-Book vs Peers: BTC is expensive based on its Price-To-Book Ratio (15.7x) compared to the peer average (2.1x).

Price to Book Ratio vs Industry

How does BTC's PB Ratio compare vs other companies in the GB Software Industry?

9 CompaniesPrice / BookEstimated GrowthMarket Cap
SWG Shearwater Group
0.2xn/aUS$10.69m
RTOP RegTech Open Project
0.3xn/aUS$3.61m
THAL Thalassa Holdings
0.2xn/aUS$2.61m
LOOP LoopUp Group
0.04xn/aUS$1.81m
BTC 15.7xIndustry Avg. 2.7xNo. of Companies9PB01.63.24.86.48+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: BTC is expensive based on its Price-To-Book Ratio (15.7x) compared to the UK Software industry average (2.7x).

Price to Book Ratio vs Fair Ratio

What is BTC'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.

BTC PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio15.7x
Fair PB Ration/a

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