Arts Alliance Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Share Price vs Fair Value

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

Below Fair Value: AAS (PLN10) is trading above our estimate of fair value (PLN1.72)

Significantly Below Fair Value: AAS is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As AAS is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for AAS. This is calculated by dividing AAS's market cap by their current book value.
What is AAS's PB Ratio?
PB Ratio	11.5x
Book	zł1.26m
Market Cap	zł14.46m

AAS 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	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does AAS's PB Ratio compare to its peers?

The above table shows the PB ratio for AAS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	2.4x
TGS True Games Syndicate	1.1x	n/a	zł8.9m
UNL United Label Spólka Akcyjna	2.7x	n/a	zł22.2m
VVD Vivid Games	4.8x	n/a	zł19.3m
IVO Incuvo	1.1x	n/a	zł14.9m
AAS Arts Alliance	11.5x	n/a	zł14.5m

Price-To-Book vs Peers: AAS is expensive based on its Price-To-Book Ratio (11.5x) compared to the peer average (2.4x).

Price to Book Ratio vs Industry

How does AAS's PB Ratio compare vs other companies in the PL Entertainment Industry?

1 Company	Price / Book	Estimated Growth	Market Cap
K2P Kool2play	0.2x	n/a	US$483.63k

No more companies available in this PB range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: AAS is expensive based on its Price-To-Book Ratio (11.5x) compared to the Polish Entertainment industry average (2x).

Price to Book Ratio vs Fair Ratio

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

AAS PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	11.5x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate AAS's Price-To-Book 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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