Apex Frozen Foods Valuation

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

APEX (₹239.14) is trading above our estimate of [[fair value]] (₹26.73)

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: APEX (₹239.14) is trading above our estimate of fair value (₹26.73)

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

Key Valuation Metric

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

Key metric: As APEX is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for APEX. This is calculated by dividing APEX's market cap by their current revenue.
What is APEX's PS Ratio?
PS Ratio	1.1x
Sales	₹6.95b
Market Cap	₹7.23b

APEX 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	33.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for APEX 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	0.9x
ANNAPURNA Annapurna Swadisht	2.1x	n/a	₹7.1b
KNAGRI KN Agri Resources	0.4x	n/a	₹6.8b
519421 KSE	0.5x	n/a	₹7.5b
500166 Goodricke Group	0.7x	n/a	₹6.3b
APEX Apex Frozen Foods	1.1x	n/a	₹7.2b

Price-To-Sales vs Peers: APEX is expensive based on its Price-To-Sales Ratio (1.1x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

How does APEX's PS Ratio compare vs other companies in the IN Food Industry?

19 Companies	Price / Sales	Estimated Growth	Market Cap
GOKULAGRO Gokul Agro Resources	0.3x	n/a	US$544.79m
GOKUL Gokul Refoils & Solvent	0.2x	n/a	US$66.11m
523371 Mawana Sugars	0.3x	n/a	US$47.11m
MGEL Mangalam Global Enterprise	0.1x	n/a	US$38.91m

19 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: APEX is good value based on its Price-To-Sales Ratio (1.1x) compared to the Indian Food industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is APEX'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.

APEX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.1x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate APEX's Price-To-Sales Fair Ratio for valuation analysis.

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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