Canarys Automations Valuation

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

Below Fair Value: Insufficient data to calculate CANARYS's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate CANARYS's fair value for valuation analysis.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CANARYS. This is calculated by dividing CANARYS's market cap by their current earnings.
What is CANARYS's PE Ratio?
PE Ratio	21.3x
Earnings	₹91.03m
Market Cap	₹1.94b

CANARYS 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	2.2x
Enterprise Value/EBITDA	14.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CANARYS 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	18.1x
532326 Intense Technologies	16.4x	n/a	₹2.9b
DUCON Ducon Infratechnologies	16x	n/a	₹2.0b
531489 CG-VAK Software and Exports	19.7x	n/a	₹1.5b
DRCSYSTEMS DRC Systems India	20.2x	n/a	₹3.3b
CANARYS Canarys Automations	21.3x	n/a	₹1.9b

Price-To-Earnings vs Peers: CANARYS is expensive based on its Price-To-Earnings Ratio (21.3x) compared to the peer average (18.1x).

Price to Earnings Ratio vs Industry

How does CANARYS's PE Ratio compare vs other companies in the IN Software Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
CLOUD Varanium Cloud	0.3x	n/a	US$7.42m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: CANARYS is good value based on its Price-To-Earnings Ratio (21.3x) compared to the Indian Software industry average (33.5x).

Price to Earnings Ratio vs Fair Ratio

What is CANARYS'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.

CANARYS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	21.3x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CANARYS's Price-To-Earnings 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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