Volue Valuation

Q: What is the Fair Price of VOLUE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

VOLUE (NOK27.85) is trading below our estimate of [[fair value]] (NOK76.6)

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

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of VOLUE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: VOLUE (NOK27.85) is trading below our estimate of fair value (NOK76.6)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for VOLUE. This is calculated by dividing VOLUE's market cap by their current preferred multiple.
What is VOLUE's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	NOK 4.01b

VOLUE 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	2.6x
Enterprise Value/EBITDA	30.4x
PEG Ratio	2.3x

Price to Earnings Ratio vs Peers

How does VOLUE's PE Ratio compare to its peers?

The above table shows the PE ratio for VOLUE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	22.3x
SMCRT SmartCraft	47.5x	19.4%	NOK 5.2b
LINK LINK Mobility Group Holding	19x	-6.6%	NOK 6.0b
MNTR Mintra Holding	17.6x	-3.5%	NOK 891.0m
RIVER River Tech	5.2x	n/a	NOK 497.4m
VOLUE Volue	125.2x	51.5%	NOK 4.3b

Price-To-Earnings vs Peers: VOLUE is expensive based on its Price-To-Earnings Ratio (117.4x) compared to the peer average (22.4x).

Price to Earnings Ratio vs Industry

How does VOLUE's PE Ratio compare vs other companies in the European Software Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	45.1%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	45.1%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: VOLUE is expensive based on its Price-To-Earnings Ratio (117.4x) compared to the European Software industry average (33.7x).

Price to Earnings Ratio vs Fair Ratio

What is VOLUE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VOLUE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	117.4x
Fair PE Ratio	55.5x

Price-To-Earnings vs Fair Ratio: VOLUE is expensive based on its Price-To-Earnings Ratio (117.4x) compared to the estimated Fair Price-To-Earnings Ratio (55.5x).

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 VOLUE forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	NOK 27.85	NOK 45.00 +61.6%	11.1%	NOK 50.00	NOK 40.00	n/a	2
Jun ’25	NOK 33.60	NOK 45.00 +33.9%	11.1%	NOK 50.00	NOK 40.00	n/a	2
May ’25	NOK 28.75	NOK 44.00 +53.0%	13.6%	NOK 50.00	NOK 38.00	n/a	2
Nov ’24	NOK 18.80	NOK 28.50 +51.6%	5.3%	NOK 30.00	NOK 27.00	n/a	2
Oct ’24	NOK 21.75	NOK 31.00 +42.5%	12.9%	NOK 35.00	NOK 27.00	n/a	2
Sep ’24	NOK 23.05	NOK 31.00 +34.5%	12.9%	NOK 35.00	NOK 27.00	n/a	2
Aug ’24	NOK 21.50	NOK 29.00 +34.9%	20.7%	NOK 35.00	NOK 23.00	n/a	2
Jul ’24	NOK 18.06	NOK 29.00 +60.6%	20.7%	NOK 35.00	NOK 23.00	NOK 30.10	2
Jun ’24	NOK 17.18	NOK 29.00 +68.8%	20.7%	NOK 35.00	NOK 23.00	NOK 33.60	2
Feb ’24	NOK 30.55	NOK 42.50 +39.1%	5.9%	NOK 45.00	NOK 40.00	NOK 22.05	2
Jan ’24	NOK 28.15	NOK 42.50 +51.0%	5.9%	NOK 45.00	NOK 40.00	NOK 21.25	2
Dec ’23	NOK 32.30	NOK 42.50 +31.6%	5.9%	NOK 45.00	NOK 40.00	NOK 19.04	2
Nov ’23	NOK 28.35	NOK 47.50 +67.5%	5.3%	NOK 50.00	NOK 45.00	NOK 18.80	2
Oct ’23	NOK 29.50	NOK 47.50 +61.0%	5.3%	NOK 50.00	NOK 45.00	NOK 21.75	2
Sep ’23	NOK 31.45	NOK 47.50 +51.0%	5.3%	NOK 50.00	NOK 45.00	NOK 23.05	2
Aug ’23	NOK 24.25	NOK 47.50 +95.9%	5.3%	NOK 50.00	NOK 45.00	NOK 21.50	2
Jul ’23	NOK 22.90	NOK 52.50 +129.3%	4.8%	NOK 55.00	NOK 50.00	NOK 18.06	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.