Austriacard Holdings Valuation

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

ACAG (€5.37) is trading above our estimate of [[fair value]] (€4.96)

Is ACAG 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-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: ACAG (€5.37) is trading above our estimate of fair value (€4.96)

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

Key Valuation Metric

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

Key metric: As ACAG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ACAG. This is calculated by dividing ACAG's market cap by their current earnings.
What is ACAG's PE Ratio?
PE Ratio	10.9x
Earnings	€17.87m
Market Cap	€197.67m

ACAG 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	0.8x
Enterprise Value/EBITDA	7.3x
PEG Ratio	0.5x

Price to Earnings Ratio vs Peers

How does ACAG's PE Ratio compare to its peers?

The above table shows the PE ratio for ACAG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	12.9x
INTEK Ideal Holdings	14.5x	-3.8%	€261.2m
QUEST Quest Holdings	12.9x	n/a	€592.8m
3479 Avalue Technology Incorporation	15.4x	28.0%	NT$7.1b
6676 Melco Holdings	8.9x	-25.5%	JP¥32.9b
ACAG Austriacard Holdings	10.9x	23.6%	€197.7m

Price-To-Earnings vs Peers: ACAG is good value based on its Price-To-Earnings Ratio (10.9x) compared to the peer average (12.9x).

Price to Earnings Ratio vs Industry

How does ACAG's PE Ratio compare vs other companies in the European Tech Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: ACAG is good value based on its Price-To-Earnings Ratio (10.9x) compared to the Global Tech industry average (22x).

Price to Earnings Ratio vs Fair Ratio

What is ACAG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ACAG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	10.9x
Fair PE Ratio	17x

Price-To-Earnings vs Fair Ratio: ACAG is good value based on its Price-To-Earnings Ratio (10.9x) compared to the estimated Fair Price-To-Earnings Ratio (17x).

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.