LPKF Laser & Electronics SE

LSE:0ND2 Stock Report

Market Cap: €212.2m

LPKF Laser & Electronics Valuation

Is 0ND2 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 0ND2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0ND2 (€8.68) is trading above our estimate of fair value (€6.48)

Significantly Below Fair Value: 0ND2 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0ND2?

Key metric: As 0ND2 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0ND2. This is calculated by dividing 0ND2's market cap by their current revenue.
What is 0ND2's PS Ratio?
PS Ratio1.6x
Sales€132.96m
Market Cap€212.21m

Price to Sales Ratio vs Peers

How does 0ND2's PS Ratio compare to its peers?

The above table shows the PS ratio for 0ND2 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.3x
SEE Seeing Machines
2.5x21.4%UK£134.5m
SPSY Spectra Systems
4.9x12.2%UK£121.5m
0W1I Vectron Systems
2.8x12.8%€108.9m
BIG Big Technologies
7.1x0.5%UK£388.6m
0ND2 LPKF Laser & Electronics
1.6x11.6%€212.2m

Price-To-Sales vs Peers: 0ND2 is good value based on its Price-To-Sales Ratio (1.6x) compared to the peer average (4.3x).

Price to Sales Ratio vs Industry

How does 0ND2's PS Ratio compare vs other companies in the GB Electronic Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
MIDW Midwich Group
0.2x3.2%US$377.39m
NAR Northamber
0.1xn/aUS$9.90m
HDT Holders Technology
0.2xn/aUS$2.71m
TWD Trackwise Designs
0.1xn/aUS$1.14m
0ND2 1.6xIndustry Avg. 1.4xNo. of Companies6PS012345+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0ND2 is expensive based on its Price-To-Sales Ratio (1.6x) compared to the UK Electronic industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

What is 0ND2'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.

0ND2 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.6x
Fair PS Ratio4.3x

Price-To-Sales vs Fair Ratio: 0ND2 is good value based on its Price-To-Sales Ratio (1.6x) compared to the estimated Fair Price-To-Sales Ratio (4.3x).

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 0ND2 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€8.68
€11.38
+31.0%
10.5%€13.00€10.00n/a4
Nov ’25€8.68
€11.38
+31.0%
10.5%€13.00€10.00n/a4
Oct ’25€8.60
€11.75
+36.6%
11.1%€13.00€10.00n/a4
Sep ’25€8.34
€11.75
+40.9%
11.1%€13.00€10.00n/a4
Aug ’25€8.52
€12.05
+41.5%
13.7%€14.20€10.00n/a4
Jul ’25€8.13
€12.05
+48.2%
13.7%€14.20€10.00n/a4
Jun ’25€8.07
€12.68
+57.1%
17.8%€15.50€10.00n/a4
May ’25€7.80
€12.68
+62.5%
17.8%€15.50€10.00n/a4
Apr ’25€8.02
€13.00
+62.1%
19.4%€15.50€10.00n/a4
Mar ’25€8.62
€14.25
+65.3%
13.2%€15.50€11.00n/a4
Feb ’25€9.03
€13.48
+49.3%
17.0%€15.50€10.40n/a5
Jan ’25€9.95
€14.10
+41.8%
15.2%€15.50€10.40n/a4
Dec ’24€9.88
€14.10
+42.7%
15.2%€15.50€10.40n/a4
Nov ’24€6.99
€14.10
+101.6%
15.2%€15.50€10.40€8.684
Oct ’24€7.14
€15.35
+115.0%
23.3%€20.50€10.40€8.604
Sep ’24€7.45
€15.35
+106.0%
23.3%€20.50€10.40€8.344
Aug ’24€8.05
€15.35
+90.7%
23.3%€20.50€10.40€8.524
Jul ’24€8.38
€15.73
+87.7%
25.1%€21.50€10.40€8.134
Jun ’24€9.02
€15.73
+74.3%
25.1%€21.50€10.40€8.074
May ’24€9.83
€15.73
+60.1%
25.1%€21.50€10.40€7.804
Apr ’24€9.25
€15.73
+70.1%
25.1%€21.50€10.40€8.024
Mar ’24€11.90
€17.73
+49.0%
26.7%€23.00€10.40€8.624
Feb ’24€11.90
€17.73
+48.9%
26.7%€23.00€10.40€9.034
Jan ’24€9.71
€17.73
+82.6%
26.7%€23.00€10.40€9.954
Dec ’23€10.42
€17.58
+68.7%
24.2%€23.00€10.40€9.885
Nov ’23€10.01
€17.58
+75.6%
24.2%€23.00€10.40€6.995

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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