M Vest Water Valuation
Is MVW 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 MVW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MVW (NOK9.25) is trading below our estimate of fair value (NOK55.83)
Significantly Below Fair Value: MVW is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MVW?
Key metric: As MVW is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is MVW's PS Ratio? | |
|---|---|
| PS Ratio | 15.8x |
| Sales | NOK 19.14m |
| Market Cap | NOK 302.64m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 15.5x |
| Enterprise Value/EBITDA | -12.4x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does MVW's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 5.6x | ||
TEKNA Tekna Holding | 1.5x | n/a | NOK 457.6m |
ABTEC Aqua Bio Technology | 14.7x | n/a | NOK 203.5m |
CIRCA Circa Group | 5.7x | n/a | NOK 77.7m |
ELK Elkem | 0.4x | 10.8% | NOK 11.6b |
MVW M Vest Water | 15.8x | 36.4% | NOK 302.6m |
Price-To-Sales vs Peers: MVW is expensive based on its Price-To-Sales Ratio (15.8x) compared to the peer average (5.6x).
Price to Sales Ratio vs Industry
How does MVW's PS Ratio compare vs other companies in the European Chemicals Industry?
| 27 Companies | Price / Sales | Estimated Growth | Market Cap |
|---|---|---|---|
| 27 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Sales vs Industry: MVW is expensive based on its Price-To-Sales Ratio (15.8x) compared to the European Chemicals industry average (1x).
Price to Sales Ratio vs Fair Ratio
What is MVW'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 | 15.8x |
| Fair PS Ratio | 1.3x |
Price-To-Sales vs Fair Ratio: MVW is expensive based on its Price-To-Sales Ratio (15.8x) compared to the estimated Fair Price-To-Sales Ratio (1.3x).
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 9.25 | NOK 12.20 +31.9% | 6.6% | NOK 13.00 | NOK 11.40 | n/a | 2 |
| Nov ’25 | NOK 10.60 | NOK 12.20 +15.1% | 6.6% | NOK 13.00 | NOK 11.40 | n/a | 2 |
| Oct ’25 | NOK 10.20 | NOK 12.20 +19.6% | 6.6% | NOK 13.00 | NOK 11.40 | n/a | 2 |
| Apr ’25 | NOK 9.06 | NOK 12.20 +34.7% | 6.6% | NOK 13.00 | NOK 11.40 | n/a | 2 |
| Mar ’25 | NOK 10.25 | NOK 11.20 +9.3% | 1.8% | NOK 11.40 | NOK 11.00 | n/a | 2 |
| Feb ’25 | NOK 8.40 | NOK 9.45 +12.5% | 20.6% | NOK 11.40 | NOK 7.50 | n/a | 2 |
| Jan ’25 | NOK 6.96 | NOK 9.75 +40.1% | 23.1% | NOK 12.00 | NOK 7.50 | 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.