Komplett ASA

OB:KOMPL Stock Report

Market Cap: NOK 1.5b

Komplett Valuation

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

Below Fair Value: KOMPL (NOK8.26) is trading below our estimate of fair value (NOK42.2)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for KOMPL. This is calculated by dividing KOMPL's market cap by their current revenue.
What is KOMPL's PS Ratio?
PS Ratio0.1x
SalesNOK 14.83b
Market CapNOK 1.47b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for KOMPL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.5x
GYL Gyldendal
0.3xn/aNOK 927.5m
ELIMP Elektroimportøren
0.4x8.2%NOK 680.5m
KID Kid
1.4x7.9%NOK 5.0b
XXL XXL
0.04x8.2%NOK 264.8m
KOMPL Komplett
0.1x7.6%NOK 1.5b

Price-To-Sales vs Peers: KOMPL is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

How does KOMPL's PS Ratio compare vs other companies in the European Specialty Retail Industry?

28 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.0.4x6.8%
KOMPL Komplett
 0.1x7.6%US$132.75m
KOMPL 0.1xIndustry Avg. 0.4xNo. of Companies28PS00.40.81.21.62+
28 CompaniesEstimated GrowthMarket Cap
Industry Avg.0.4x14.4%
KOMPL Komplett
 0.1x130.9%US$132.75m
No more companies

Price-To-Sales vs Industry: KOMPL is good value based on its Price-To-Sales Ratio (0.1x) compared to the European Specialty Retail industry average (0.4x).

Price to Sales Ratio vs Fair Ratio

What is KOMPL'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.

KOMPL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.1x
Fair PS Ratio0.1x

Price-To-Sales vs Fair Ratio: KOMPL is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0.1x).

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 KOMPL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 8.26
NOK 9.25
+12.0%
13.5%NOK 10.50NOK 8.00n/a2
Nov ’25NOK 7.82
NOK 9.25
+18.3%
13.5%NOK 10.50NOK 8.00n/a2
Oct ’25NOK 8.34
NOK 10.25
+22.9%
17.1%NOK 12.00NOK 8.50n/a2
Sep ’25NOK 10.00
NOK 10.25
+2.5%
17.1%NOK 12.00NOK 8.50n/a2
Aug ’25NOK 10.55
NOK 10.25
-2.8%
17.1%NOK 12.00NOK 8.50n/a2
Jul ’25NOK 8.60
NOK 10.75
+25.0%
11.6%NOK 12.00NOK 9.50n/a2
Jun ’25NOK 9.18
NOK 11.50
+25.3%
13.0%NOK 13.00NOK 10.00n/a2
May ’25NOK 9.52
NOK 11.50
+20.8%
13.0%NOK 13.00NOK 10.00n/a2
Apr ’25NOK 11.88
NOK 13.00
+9.4%
7.7%NOK 14.00NOK 12.00n/a2
Feb ’25NOK 10.48
NOK 13.50
+28.8%
11.1%NOK 15.00NOK 12.00n/a2
Jan ’25NOK 12.00
NOK 13.50
+12.5%
11.1%NOK 15.00NOK 12.00n/a2
Dec ’24NOK 7.70
NOK 7.20
-6.5%
2.8%NOK 7.40NOK 7.00n/a2
Nov ’24NOK 5.88
NOK 7.20
+22.4%
2.8%NOK 7.40NOK 7.00NOK 7.822
Oct ’24NOK 8.10
NOK 11.50
+42.0%
13.0%NOK 13.00NOK 10.00NOK 8.342
Sep ’24NOK 9.00
NOK 12.75
+41.7%
2.0%NOK 13.00NOK 12.50NOK 10.002
Aug ’24NOK 12.36
NOK 12.75
+3.2%
2.0%NOK 13.00NOK 12.50NOK 10.552
Jul ’24NOK 13.44
NOK 18.00
+33.9%
18.1%NOK 22.00NOK 14.00NOK 8.603
Jun ’24NOK 13.92
NOK 19.33
+38.9%
9.8%NOK 22.00NOK 18.00NOK 9.183
May ’24NOK 17.84
NOK 19.33
+8.4%
9.8%NOK 22.00NOK 18.00NOK 9.523
Apr ’24NOK 16.70
NOK 19.67
+17.8%
10.4%NOK 22.00NOK 17.00NOK 11.883
Mar ’24NOK 16.70
NOK 18.50
+10.8%
8.1%NOK 20.00NOK 17.00NOK 11.462
Feb ’24NOK 12.96
NOK 13.50
+4.2%
25.9%NOK 17.00NOK 10.00NOK 10.482
Jan ’24NOK 14.44
NOK 13.50
-6.5%
25.9%NOK 17.00NOK 10.00NOK 12.002
Dec ’23NOK 16.78
NOK 14.00
-16.6%
28.6%NOK 18.00NOK 10.00NOK 7.702
Nov ’23NOK 14.78
NOK 14.00
-5.3%
28.6%NOK 18.00NOK 10.00NOK 5.882

Analyst Forecast: Target price is less than 20% higher than the current share price.

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