Seeing Machines Limited

AIM:SEE Stock Report

Market Cap: UK£184.1m

Seeing Machines Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Discounted Cash Flow
Simply Wall St
UK£0.096
Fair Value
60.2% undervalued intrinsic discount
2
Number of Analysts

Below Fair Value: SEE (£0.04) is trading below our estimate of fair value (£0.1)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SEE. This is calculated by dividing SEE's market cap by their current revenue.
What is SEE's PS Ratio?
PS Ratio3.4x
SalesUS$67.63m
Market CapUS$228.09m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SEE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.6x
SPSY Spectra Systems
4.1x13.9%UK£104.7m
BIG Big Technologies
6.2x-0.4%UK£337.4m
0W1I Vectron Systems
3x11.5%€115.2m
SDI SDI Group
0.9x7.9%UK£57.5m
SEE Seeing Machines
3.4x16.4%UK£184.1m

Price-To-Sales vs Peers: SEE is good value based on its Price-To-Sales Ratio (3.4x) compared to the peer average (3.6x).

Price to Sales Ratio vs Industry

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

8 CompaniesPrice / SalesEstimated GrowthMarket Cap
MIDW Midwich Group
0.2x2.4%US$323.33m
TTG TT Electronics
0.3x0.5%US$188.23m
NAR Northamber
0.1xn/aUS$9.17m
NWT Newmark Security
0.3xn/aUS$8.07m
SEE 3.4xIndustry Avg. 1.4xNo. of Companies8PS01.22.43.64.86+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SEE is expensive based on its Price-To-Sales Ratio (3.4x) compared to the UK Electronic industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

What is SEE'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.

SEE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.4x
Fair PS Ratio2.7x

Price-To-Sales vs Fair Ratio: SEE is expensive based on its Price-To-Sales Ratio (3.4x) compared to the estimated Fair Price-To-Sales Ratio (2.7x).

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 SEE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£0.038
UK£0.093
+145.5%
24.8%UK£0.12UK£0.07n/a2
Feb ’26UK£0.04
UK£0.093
+132.9%
24.8%UK£0.12UK£0.07n/a2
Jan ’26UK£0.045
UK£0.092
+102.6%
24.0%UK£0.11UK£0.07n/a2
Dec ’25UK£0.032
UK£0.092
+183.4%
24.0%UK£0.11UK£0.07n/a2
Nov ’25UK£0.039
UK£0.092
+134.8%
24.0%UK£0.11UK£0.07n/a2
Oct ’25UK£0.047
UK£0.11
+129.1%
16.1%UK£0.13UK£0.091n/a3
Sep ’25UK£0.052
UK£0.11
+105.4%
15.9%UK£0.13UK£0.09n/a3
Aug ’25UK£0.046
UK£0.11
+128.3%
16.8%UK£0.13UK£0.088n/a3
Jul ’25UK£0.044
UK£0.12
+167.4%
10.4%UK£0.13UK£0.10n/a3
Jun ’25UK£0.048
UK£0.12
+155.5%
16.1%UK£0.15UK£0.10n/a3
May ’25UK£0.044
UK£0.12
+179.6%
16.5%UK£0.15UK£0.10n/a3
Apr ’25UK£0.049
UK£0.12
+150.9%
16.8%UK£0.15UK£0.10n/a3
Mar ’25UK£0.049
UK£0.12
+152.5%
16.8%UK£0.15UK£0.10n/a3
Feb ’25UK£0.054
UK£0.12
+125.7%
16.0%UK£0.15UK£0.10UK£0.043
Jan ’25UK£0.054
UK£0.12
+131.1%
16.6%UK£0.15UK£0.10UK£0.0453
Dec ’24UK£0.055
UK£0.12
+125.0%
16.8%UK£0.15UK£0.10UK£0.0323
Nov ’24UK£0.052
UK£0.12
+141.4%
17.0%UK£0.15UK£0.10UK£0.0393
Oct ’24UK£0.054
UK£0.11
+105.8%
11.1%UK£0.12UK£0.10UK£0.0472
Sep ’24UK£0.059
UK£0.15
+152.0%
36.7%UK£0.24UK£0.096UK£0.0524
Aug ’24UK£0.054
UK£0.15
+176.0%
34.9%UK£0.23UK£0.10UK£0.0464
Jul ’24UK£0.054
UK£0.15
+176.9%
31.8%UK£0.24UK£0.099UK£0.0445
Jun ’24UK£0.057
UK£0.15
+161.5%
32.2%UK£0.24UK£0.097UK£0.0485
May ’24UK£0.059
UK£0.16
+165.7%
30.9%UK£0.23UK£0.099UK£0.0444
Apr ’24UK£0.057
UK£0.16
+172.7%
30.9%UK£0.23UK£0.099UK£0.0494
Mar ’24UK£0.074
UK£0.16
+120.7%
31.0%UK£0.24UK£0.099UK£0.0494
Feb ’24UK£0.069
UK£0.17
+142.0%
30.6%UK£0.24UK£0.10UK£0.0544
Analyst Price Target
Consensus Narrative from 2 Analysts
UK£0.093
Fair Value
59.3% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 07:46
End of Day Share Price 2025/02/07 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Seeing Machines Limited is covered by 9 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert ChantryBerenberg
Caspar Nathaniel Richard TrenchardCanaccord Genuity
Lorne DanielCavendish