Seeing Machines Limited

AIM:SEE Stock Report

Market Cap: UK£174.8m

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.

Below Fair Value: SEE (£0.04) is trading below our estimate of fair value (£0.31)

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?

Other financial metrics that can be useful for relative valuation.

SEE 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/Revenue4.1x
Enterprise Value/EBITDA-9.8x
PEG Ration/a

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 Average6.4x
SPSY Spectra Systems
6.5x14.5%UK£105.7m
SDI SDI Group
0.8x2.4%UK£56.7m
WPHO Windar Photonics
15.7x96.1%UK£37.3m
VNET Vianet Group
2.5x13.1%UK£34.7m
SEE Seeing Machines
3.7x24.9%UK£174.8m

Price-To-Sales vs Peers: SEE is good value based on its Price-To-Sales Ratio (3.7x) compared to the peer average (6.4x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.0%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.0%
n/an/an/a
No more companies

Price-To-Sales vs Industry: SEE is expensive based on its Price-To-Sales Ratio (3.7x) compared to the UK Electronic industry average (1x).


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 Ratio3.7x
Fair PS Ratio2.5x

Price-To-Sales vs Fair Ratio: SEE is expensive based on its Price-To-Sales Ratio (3.7x) compared to the estimated Fair Price-To-Sales Ratio (2.5x).


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£0.044
UK£0.12
+180.5%
17.0%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£0.10n/a3
Jan ’25UK£0.054
UK£0.12
+131.1%
16.6%UK£0.15UK£0.10n/a3
Dec ’24UK£0.055
UK£0.12
+125.0%
16.8%UK£0.15UK£0.10n/a3
Nov ’24UK£0.052
UK£0.12
+141.4%
17.0%UK£0.15UK£0.10n/a3
Oct ’24UK£0.054
UK£0.11
+105.8%
11.1%UK£0.12UK£0.10n/a2
Sep ’24UK£0.059
UK£0.15
+152.0%
36.7%UK£0.24UK£0.096n/a4
Aug ’24UK£0.054
UK£0.15
+176.0%
34.9%UK£0.23UK£0.10n/a4
Jul ’24UK£0.054
UK£0.15
+176.9%
31.8%UK£0.24UK£0.099n/a5
Jun ’24UK£0.057
UK£0.15
+161.5%
32.2%UK£0.24UK£0.097n/a5
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
Jan ’24UK£0.061
UK£0.17
+172.3%
31.4%UK£0.25UK£0.10UK£0.0544
Dec ’23UK£0.064
UK£0.17
+160.8%
31.4%UK£0.25UK£0.10UK£0.0554
Nov ’23UK£0.07
UK£0.17
+141.8%
27.0%UK£0.24UK£0.12UK£0.0524
Oct ’23UK£0.053
UK£0.16
+205.6%
17.5%UK£0.21UK£0.13UK£0.0544
Sep ’23UK£0.059
UK£0.16
+174.6%
17.7%UK£0.20UK£0.12UK£0.0594
Aug ’23UK£0.053
UK£0.16
+202.1%
18.5%UK£0.20UK£0.12UK£0.0544
Jul ’23UK£0.067
UK£0.16
+136.2%
18.5%UK£0.20UK£0.12UK£0.0544
Jun ’23UK£0.076
UK£0.16
+113.4%
16.2%UK£0.20UK£0.13UK£0.0574
May ’23UK£0.077
UK£0.17
+115.4%
17.9%UK£0.21UK£0.13UK£0.0594

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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