Airthings Valuation

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

Below Fair Value: AIRX (NOK2.73) is trading below our estimate of fair value (NOK15.25)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

AIRX 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/Revenue1.1x
Enterprise Value/EBITDA-6.5x
PEG Ration/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for AIRX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.5x
STRO StrongPoint
0.3x10.5%NOK 445.9m
NEXT NEXT Biometrics Group
10.9xn/aNOK 792.3m
QFR Q-Free
1.2xn/aNOK 1.3b
XPLRA Xplora Technologies
1.8x14.7%NOK 1.3b
AIRX Airthings
1.3x18.0%NOK 539.9m

Price-To-Sales vs Peers: AIRX is good value based on its Price-To-Sales Ratio (1.3x) compared to the peer average (3.5x).


Price to Earnings Ratio vs Industry

How does AIRX's PE Ratio compare vs other companies in the European Electronic Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a19.0%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a19.0%
n/an/an/a
No more companies

Price-To-Sales vs Industry: AIRX is expensive based on its Price-To-Sales Ratio (1.3x) compared to the European Electronic industry average (0.9x).


Price to Sales Ratio vs Fair Ratio

What is AIRX'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.

AIRX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.3x
Fair PS Ratio2.3x

Price-To-Sales vs Fair Ratio: AIRX is good value based on its Price-To-Sales Ratio (1.3x) compared to the estimated Fair Price-To-Sales Ratio (2.3x).


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 AIRX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 2.80
NOK 3.20
+14.3%
12.5%NOK 3.60NOK 2.80n/a2
Nov ’25NOK 2.71
NOK 3.20
+18.1%
12.5%NOK 3.60NOK 2.80n/a2
Oct ’25NOK 2.45
NOK 3.80
+55.1%
5.3%NOK 4.00NOK 3.60n/a2
Sep ’25NOK 2.70
NOK 3.80
+40.7%
5.3%NOK 4.00NOK 3.60n/a2
Aug ’25NOK 2.83
NOK 3.80
+34.3%
5.3%NOK 4.00NOK 3.60n/a2
Jul ’25NOK 2.75
NOK 3.80
+38.2%
5.3%NOK 4.00NOK 3.60n/a2
Jun ’25NOK 3.10
NOK 3.80
+22.6%
5.3%NOK 4.00NOK 3.60n/a2
May ’25NOK 3.22
NOK 3.80
+18.0%
5.3%NOK 4.00NOK 3.60n/a2
Apr ’25NOK 2.90
NOK 3.80
+31.0%
5.3%NOK 4.00NOK 3.60n/a2
Mar ’25NOK 3.01
NOK 3.80
+26.2%
5.3%NOK 4.00NOK 3.60n/a2
Feb ’25NOK 3.37
NOK 3.95
+17.2%
1.3%NOK 4.00NOK 3.90n/a2
Jan ’25NOK 2.95
NOK 3.95
+34.1%
1.3%NOK 4.00NOK 3.90n/a2
Dec ’24NOK 3.25
NOK 3.95
+21.5%
1.3%NOK 4.00NOK 3.90n/a2
Nov ’24NOK 2.80
NOK 3.95
+41.3%
1.3%NOK 4.00NOK 3.90NOK 2.712
Oct ’24NOK 3.00
NOK 3.95
+31.7%
1.3%NOK 4.00NOK 3.90NOK 2.452
Sep ’24NOK 3.11
NOK 3.95
+27.0%
1.3%NOK 4.00NOK 3.90NOK 2.702
Aug ’24NOK 3.34
NOK 3.85
+15.3%
3.9%NOK 4.00NOK 3.70NOK 2.832
Jul ’24NOK 2.31
NOK 3.85
+67.0%
3.9%NOK 4.00NOK 3.70NOK 2.752
Jun ’24NOK 2.75
NOK 3.85
+40.3%
3.9%NOK 4.00NOK 3.70NOK 3.102
May ’24NOK 2.49
NOK 7.50
+201.2%
46.7%NOK 11.00NOK 4.00NOK 3.222
Apr ’24NOK 2.95
NOK 9.50
+222.0%
15.8%NOK 11.00NOK 8.00NOK 2.902
Mar ’24NOK 3.12
NOK 9.50
+204.5%
15.8%NOK 11.00NOK 8.00NOK 3.012
Feb ’24NOK 3.72
NOK 9.50
+155.4%
15.8%NOK 11.00NOK 8.00NOK 3.372
Jan ’24NOK 3.52
NOK 9.50
+169.9%
15.8%NOK 11.00NOK 8.00NOK 2.952
Dec ’23NOK 4.09
NOK 9.50
+132.6%
15.8%NOK 11.00NOK 8.00NOK 3.252
Nov ’23NOK 4.19
NOK 9.50
+126.7%
15.8%NOK 11.00NOK 8.00NOK 2.802

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


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