Image Scan Holdings Valuation

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

IGE (£0.03) is trading above our estimate of [[fair value]] (£0.03)

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

Below Fair Value: IGE (£0.03) is trading above our estimate of fair value (£0.03)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for IGE. This is calculated by dividing IGE's market cap by their current revenue.
What is IGE's PS Ratio?
PS Ratio	1.4x
Sales	UK£2.56m
Market Cap	UK£3.70m

IGE 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	1.2x
Enterprise Value/EBITDA	-79x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for IGE 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	1.3x
WSG Westminster Group	1x	n/a	UK£5.8m
SNT Sabien Technology Group	3.2x	n/a	UK£2.3m
NWT Newmark Security	0.3x	n/a	UK£7.5m
LST Light Science Technologies Holdings	0.8x	n/a	UK£8.2m
IGE Image Scan Holdings	1.4x	18.7%	UK£3.7m

Price-To-Sales vs Peers: IGE is expensive based on its Price-To-Sales Ratio (1.4x) compared to the peer average (1.3x).

Price to Sales Ratio vs Industry

How does IGE's PS Ratio compare vs other companies in the GB Electronic Industry?

6 Companies	Price / Sales	Estimated Growth	Market Cap
MIDW Midwich Group	0.2x	3.2%	US$357.68m
NAR Northamber	0.1x	n/a	US$9.79m
HDT Holders Technology	0.2x	n/a	US$2.71m
TWD Trackwise Designs	0.1x	n/a	US$1.14m

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: IGE is expensive based on its Price-To-Sales Ratio (1.4x) compared to the UK Electronic industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

What is IGE'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.

IGE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.4x
Fair PS Ratio	1.3x

Price-To-Sales vs Fair Ratio: IGE is expensive based on its Price-To-Sales Ratio (1.4x) compared to the estimated Fair Price-To-Sales Ratio (1.3x).

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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