Almawave S.p.A.

BIT:AIW Stock Report

Market Cap: €73.5m

Almawave Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: AIW (€2.45) is trading below our estimate of fair value (€3.03)

Significantly Below Fair Value: AIW 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 AIW?

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

The above table shows the Price to Earnings ratio for AIW. This is calculated by dividing AIW's market cap by their current earnings.
What is AIW's PE Ratio?
PE Ratio8.8x
Earnings€8.35m
Market Cap€73.46m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AIW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average39.1x
SYS SYS-DAT
33.6x20.4%€165.8m
RLT Relatech
68.5x43.6%€108.3m
MAPS Maps
32.5x36.2%€37.2m
TXT TXT e-solutions
21.7x20.7%€383.1m
AIW Almawave
8.8x8.9%€73.5m

Price-To-Earnings vs Peers: AIW is good value based on its Price-To-Earnings Ratio (8.8x) compared to the peer average (39.1x).

Price to Earnings Ratio vs Industry

How does AIW's PE Ratio compare vs other companies in the European Software Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AIW 8.8xIndustry Avg. 28.1xNo. of Companies19PE020406080100+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AIW is good value based on its Price-To-Earnings Ratio (8.8x) compared to the European Software industry average (28.1x).

Price to Earnings Ratio vs Fair Ratio

What is AIW'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.

AIW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.8x
Fair PE Ratio15.6x

Price-To-Earnings vs Fair Ratio: AIW is good value based on its Price-To-Earnings Ratio (8.8x) compared to the estimated Fair Price-To-Earnings Ratio (15.6x).

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 AIW forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€2.45
€4.30
+75.5%
16.3%€5.00€3.60n/a2
Nov ’25€3.07
€5.35
+74.3%
10.3%€5.90€4.80n/a2
Oct ’25€3.80
€5.35
+40.8%
10.3%€5.90€4.80n/a2
Sep ’25€4.01
€5.35
+33.4%
10.3%€5.90€4.80n/a2
Aug ’25€4.23
€7.10
+67.8%
8.5%€7.70€6.50n/a2
Jul ’25€4.40
€7.10
+61.4%
8.5%€7.70€6.50n/a2
Jun ’25€4.52
€7.10
+57.1%
8.5%€7.70€6.50n/a2
May ’25€4.41
€7.10
+61.0%
8.5%€7.70€6.50n/a2
Apr ’25€4.70
€7.10
+51.1%
8.5%€7.70€6.50n/a2
Feb ’25€4.09
€6.65
+62.6%
2.3%€6.80€6.50n/a2
Jan ’25€4.14
€6.65
+60.6%
2.3%€6.80€6.50n/a2
Dec ’24€3.90
€6.65
+70.5%
2.3%€6.80€6.50n/a2
Nov ’24€3.88
€6.65
+71.4%
2.3%€6.80€6.50€3.072
Oct ’24€4.58
€6.65
+45.2%
2.3%€6.80€6.50€3.802
Sep ’24€4.85
€6.65
+37.1%
2.3%€6.80€6.50€4.012
Aug ’24€4.71
€6.65
+41.2%
2.3%€6.80€6.50€4.232
Jul ’24€4.61
€6.65
+44.3%
2.3%€6.80€6.50€4.402
Jun ’24€4.66
€6.65
+42.7%
2.3%€6.80€6.50€4.522
May ’24€4.65
€6.65
+43.0%
2.3%€6.80€6.50€4.412
Apr ’24€4.58
€6.65
+45.2%
2.3%€6.80€6.50€4.702
Mar ’24€4.40
€6.65
+51.1%
2.3%€6.80€6.50€4.812
Feb ’24€4.20
€6.65
+58.3%
2.3%€6.80€6.50€4.092
Jan ’24€4.21
€6.65
+58.0%
2.3%€6.80€6.50€4.142
Dec ’23€4.14
€6.45
+56.0%
0.8%€6.50€6.40€3.902
Nov ’23€4.06
€6.45
+59.1%
0.8%€6.50€6.40€3.882

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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