Questback Group Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: QUEST (NOK35) is trading below our estimate of fair value (NOK148.73)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for QUEST. This is calculated by dividing QUEST's market cap by their current revenue.
What is QUEST's PS Ratio?
PS Ratio	0.3x
Sales	NOK 129.40m
Market Cap	NOK 45.04m

QUEST 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	2.8x
Enterprise Value/EBITDA	17.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for QUEST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.8x
INDCT Induct	2.4x	n/a	NOK 49.9m
SPOT Spotlio	0.6x	n/a	NOK 46.5m
UNIV Univid	2.2x	n/a	NOK 8.2m
RIVER River Tech	2x	n/a	NOK 349.4m
QUEST Questback Group	0.3x	n/a	NOK 45.0m

Price-To-Sales vs Peers: QUEST is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (2.8x).

Price to Sales Ratio vs Industry

How does QUEST's PS Ratio compare vs other companies in the NO Software Industry?

1 Company	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	2.0x	15.2%
QUEST Questback Group	0.3x	n/a	US$4.30m

No more companies available in this PS range

1 Company		Estimated Growth	Market Cap
Industry Avg.	2.0x	41.2%
QUEST Questback Group	0.3x	n/a	US$4.30m

No more companies

Price-To-Sales vs Industry: QUEST is good value based on its Price-To-Sales Ratio (0.3x) compared to the European Software industry average (2.2x).

Price to Sales Ratio vs Fair Ratio

What is QUEST'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.

QUEST PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.3x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate QUEST's Price-To-Sales Fair Ratio for valuation analysis.

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.

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