Adevinta ASA

OB:ADE Stock Report

Market Cap: NOK 139.1b

Adevinta Valuation

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

Below Fair Value: ADE (NOK114.2) is trading below our estimate of fair value (NOK118.47)

Significantly Below Fair Value: ADE 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 ADE?

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

The above table shows the Price to Sales ratio for ADE. This is calculated by dividing ADE's market cap by their current revenue.
What is ADE's PS Ratio?
PS Ratio6.5x
Sales€1.87b
Market Cap€12.22b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ADE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average19.3x
SCHA Schibsted
5.2x-9.6%NOK 80.2b
NAUKRI Info Edge (India)
36.5x13.7%₹984.6b
CAR CAR Group
14.1x9.4%AU$15.7b
RDDT Reddit
21.3x21.8%US$24.1b
ADE Adevinta
6.5x11.4%NOK 139.1b

Price-To-Sales vs Peers: ADE is good value based on its Price-To-Sales Ratio (6.5x) compared to the peer average (12.3x).

Price to Sales Ratio vs Industry

How does ADE's PS Ratio compare vs other companies in the European Interactive Media and Services Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
ADE 6.5xIndustry Avg. 1.5xNo. of Companies11PS01.63.24.86.48+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ADE is expensive based on its Price-To-Sales Ratio (6.5x) compared to the European Interactive Media and Services industry average (2x).

Price to Sales Ratio vs Fair Ratio

What is ADE'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.

ADE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.5x
Fair PS Ratio10.8x

Price-To-Sales vs Fair Ratio: ADE is good value based on its Price-To-Sales Ratio (6.5x) compared to the estimated Fair Price-To-Sales Ratio (10.8x).

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 ADE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
NOK 113.94
0%
3.1%NOK 120.00NOK 105.00n/a11
Nov ’25n/a
NOK 113.94
0%
3.1%NOK 120.00NOK 105.00n/a11
Oct ’25n/a
NOK 113.94
0%
3.1%NOK 120.00NOK 105.00n/a11
Sep ’25n/a
NOK 113.94
0%
3.1%NOK 120.00NOK 105.00n/a11
Aug ’25n/a
NOK 113.94
0%
3.1%NOK 120.00NOK 105.00n/a11
Jul ’25n/a
NOK 113.94
0%
3.1%NOK 120.00NOK 105.00n/a11
Jun ’25NOK 114.20
NOK 113.94
-0.2%
3.1%NOK 120.00NOK 105.00n/a11
May ’25NOK 113.40
NOK 113.94
+0.5%
3.1%NOK 120.00NOK 105.00n/a11
Apr ’25NOK 113.80
NOK 112.78
-0.9%
4.6%NOK 120.00NOK 100.00n/a12
Mar ’25NOK 113.00
NOK 112.66
-0.3%
4.6%NOK 120.00NOK 100.00n/a12
Feb ’25NOK 113.30
NOK 111.56
-1.5%
6.2%NOK 120.00NOK 95.00n/a13
Jan ’25NOK 112.40
NOK 111.56
-0.7%
6.2%NOK 120.00NOK 95.00n/a13
Dec ’24NOK 111.50
NOK 110.95
-0.5%
6.3%NOK 120.00NOK 95.00n/a13
Nov ’24NOK 99.00
NOK 107.22
+8.3%
11.2%NOK 132.00NOK 80.00n/a14
Oct ’24NOK 105.90
NOK 105.79
-0.1%
10.9%NOK 132.00NOK 80.00n/a14
Sep ’24NOK 77.00
NOK 101.05
+31.2%
14.5%NOK 135.00NOK 67.00n/a19
Aug ’24NOK 75.20
NOK 98.96
+31.6%
13.3%NOK 120.00NOK 67.00n/a19
Jul ’24NOK 70.40
NOK 99.60
+41.5%
14.0%NOK 122.89NOK 67.00n/a19
Jun ’24NOK 79.95
NOK 99.42
+24.3%
14.1%NOK 122.89NOK 67.00NOK 114.2019
May ’24NOK 82.00
NOK 96.87
+18.1%
14.7%NOK 120.00NOK 65.00NOK 113.4019
Apr ’24NOK 74.25
NOK 95.46
+28.6%
13.6%NOK 120.00NOK 70.00NOK 113.8019
Mar ’24NOK 78.60
NOK 95.73
+21.8%
13.5%NOK 120.00NOK 70.00NOK 113.0019
Feb ’24NOK 87.55
NOK 93.62
+6.9%
15.6%NOK 120.00NOK 66.00NOK 113.3019
Jan ’24NOK 65.60
NOK 91.70
+39.8%
17.5%NOK 120.00NOK 64.00NOK 112.4021
Dec ’23NOK 70.40
NOK 92.60
+31.5%
16.5%NOK 120.00NOK 64.00NOK 111.5021
Nov ’23NOK 75.25
NOK 91.13
+21.1%
21.0%NOK 140.00NOK 60.00NOK 99.0021

Analyst Forecast: Target price is lower than the current share price.

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