KME Group Valuation

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

KME (€0.92) is trading below our estimate of [[fair value]] (€1.02)

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

Below Fair Value: KME (€0.92) is trading below our estimate of fair value (€1.02)

Significantly Below Fair Value: KME is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for KME. This is calculated by dividing KME's market cap by their current revenue.
What is KME's PS Ratio?
PS Ratio	0.1x
Sales	€1.60b
Market Cap	€218.03m

KME 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	0.5x
Enterprise Value/EBITDA	22.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for KME 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	1.1x
FUM Franchi Umberto Marmi	2.3x	2.5%	€183.9m
SERI Seri Industrial	0.9x	36.0%	€159.8m
III Imperial Metals	0.7x	n/a	CA$333.5m
CALT Caltagirone	0.4x	n/a	€754.4m
KME KME Group	0.1x	n/a	€218.0m

Price-To-Sales vs Peers: KME is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (1.1x).

Price to Sales Ratio vs Industry

How does KME's PS Ratio compare vs other companies in the European Metals and Mining Industry?

35 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	0.7x	2.0%
KME KME Group	0.1x	n/a	US$229.53m

35 Companies		Estimated Growth	Market Cap
Industry Avg.	0.7x	28.0%
KME KME Group	0.1x	n/a	US$229.53m

No more companies

Price-To-Sales vs Industry: KME is good value based on its Price-To-Sales Ratio (0.1x) compared to the European Metals and Mining industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is KME'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.

KME PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.1x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate KME'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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