Norsk Titanium Valuation
Is NTI undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
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 NTI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NTI (NOK2.13) is trading below our estimate of fair value (NOK7.24)
Significantly Below Fair Value: NTI is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NTI?
Key metric: As NTI is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is NTI's PS Ratio? | |
|---|---|
| PS Ratio | 49.8x |
| Sales | US$2.57m |
| Market Cap | US$125.55m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 41.1x |
| Enterprise Value/EBITDA | -4.2x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does NTI's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 1.1x | ||
HPUR Hexagon Purus | 1x | 37.7% | NOK 1.7b |
SCANA Scana | 0.7x | 7.6% | NOK 1.3b |
CAMBI Cambi | 2.3x | 8.8% | NOK 2.4b |
ZAP Zaptec | 0.6x | 14.7% | NOK 802.6m |
NTI Norsk Titanium | 49.8x | 55.3% | NOK 1.4b |
Price-To-Sales vs Peers: NTI is expensive based on its Price-To-Sales Ratio (49.8x) compared to the peer average (1.1x).
Price to Sales Ratio vs Industry
How does NTI's PS Ratio compare vs other companies in the European Aerospace & Defense Industry?
| 3 Companies | Price / Sales | Estimated Growth | Market Cap |
|---|---|---|---|
| 3 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Sales vs Industry: NTI is expensive based on its Price-To-Sales Ratio (49.8x) compared to the European Aerospace & Defense industry average (1.6x).
Price to Sales Ratio vs Fair Ratio
What is NTI'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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 49.8x |
| Fair PS Ratio | 0.02x |
Price-To-Sales vs Fair Ratio: NTI is expensive based on its Price-To-Sales Ratio (49.8x) compared to the estimated Fair Price-To-Sales Ratio (0x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | NOK 2.13 | NOK 9.30 +336.6% | 61.3% | NOK 15.00 | NOK 3.60 | n/a | 2 |
| Nov ’25 | NOK 2.27 | NOK 9.30 +309.7% | 61.3% | NOK 15.00 | NOK 3.60 | n/a | 2 |
| Oct ’25 | NOK 2.20 | NOK 9.53 +333.0% | 57.5% | NOK 15.00 | NOK 4.05 | n/a | 2 |
| Sep ’25 | NOK 2.33 | NOK 9.53 +308.8% | 57.5% | NOK 15.00 | NOK 4.05 | n/a | 2 |
| Aug ’25 | NOK 4.06 | NOK 9.73 +139.5% | 54.2% | NOK 15.00 | NOK 4.45 | n/a | 2 |
| Jul ’25 | NOK 2.46 | NOK 9.73 +295.3% | 54.2% | NOK 15.00 | NOK 4.45 | n/a | 2 |
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.
Discover undervalued companies
Zaptec
NOK 802.6m
Engages in the development and sale of chargers, charging systems, and services for electric car charging in Norway, Sweden, Switzerland, Denmark, Iceland, rest of Europe, and internationally.
ZAP
NOK 9.42
7D
6.3%
1Y
-43.0%
Hexagon Composites
NOK 9.3b
Engages in the manufacture and sale of composite pressure cylinders and fuel systems for alternative fuels worldwide.
HEX
NOK 45.70
7D
-0.1%
1Y
79.5%
Veidekke
NOK 18.1b
Operates as a construction and property development company in Norway, Sweden, and Denmark.
VEI
NOK 134.80
7D
0.1%
1Y
31.4%