Goodtech Valuation

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

GOD (NOK10.05) is trading below our estimate of [[fair value]] (NOK22.79)

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: GOD (NOK10.05) is trading below our estimate of fair value (NOK22.79)

Significantly Below Fair Value: GOD is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for GOD. This is calculated by dividing GOD's market cap by their current earnings.
What is GOD's PE Ratio?
PE Ratio	9.7x
Earnings	NOK 28.90m
Market Cap	NOK 276.79m

GOD 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	0.3x
Enterprise Value/EBITDA	10.1x
PEG Ratio	0.7x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for GOD 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	17.7x
SCANA Scana	12x	16.6%	NOK 1.3b
CAMBI Cambi	17.3x	25.3%	NOK 2.3b
EQVA Eqva	14.8x	n/a	NOK 341.0m
AUTO AutoStore Holdings	26.9x	9.8%	NOK 41.0b
GOD Goodtech	9.7x	13.9%	NOK 280.4m

Price-To-Earnings vs Peers: GOD is good value based on its Price-To-Earnings Ratio (9.7x) compared to the peer average (17.7x).

Price to Earnings Ratio vs Industry

How does GOD's PE Ratio compare vs other companies in the European Machinery Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: GOD is good value based on its Price-To-Earnings Ratio (9.7x) compared to the European Machinery industry average (17.8x).

Price to Earnings Ratio vs Fair Ratio

What is GOD'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.

GOD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	9.7x
Fair PE Ratio	12.4x

Price-To-Earnings vs Fair Ratio: GOD is good value based on its Price-To-Earnings Ratio (9.7x) compared to the estimated Fair Price-To-Earnings Ratio (12.4x).

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.