GomSpace Group (OM:GOMX) - Share price, News & Analysis

GOMX fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	5/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

GOMX Stock Overview

GomSpace Group AB (publ), through its subsidiaries, designs, develops, integrates, and manufactures nanosatellites for the academic, government, and commercial markets.

Rewards

Trading at 89.5% below our estimate of its fair value

Earnings are forecast to grow 103.1% per year

Earnings have grown 0.4% per year over the past 5 years

Risk Analysis

Shareholders have been diluted in the past year

Does not have a meaningful market cap (SEK558M)

GomSpace Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for GomSpace Group
Historical stock prices
Current Share Price	kr8.90
52 Week High	kr20.85
52 Week Low	kr8.33
Beta	1.66
1 Month Change	-19.82%
3 Month Change	-16.98%
1 Year Change	-44.38%
3 Year Change	-23.28%
5 Year Change	-86.41%
Change since IPO	2.30%

Recent News & Updates

Jun 16

Is GomSpace Group (STO:GOMX) Using Debt Sensibly?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...

Shareholder Returns

	GOMX	SE Aerospace & Defense	SE Market
7D	2.3%	0.7%	-1.3%
1Y	-44.4%	44.6%	-23.6%

Return vs Industry: GOMX underperformed the Swedish Aerospace & Defense industry which returned 44.6% over the past year.

Return vs Market: GOMX underperformed the Swedish Market which returned -23.6% over the past year.

Price Volatility

Is GOMX's price volatile compared to industry and market?
GOMX volatility
GOMX Average Weekly Movement	7.8%
Aerospace & Defense Industry Average Movement	7.8%
Market Average Movement	7.4%
10% most volatile stocks in SE Market	12.2%
10% least volatile stocks in SE Market	4.7%

Stable Share Price: GOMX is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: GOMX's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2007	187	Niels Buus	https://gomspace.com

GomSpace Group AB (publ), through its subsidiaries, designs, develops, integrates, and manufactures nanosatellites for the academic, government, and commercial markets. The company offers mission payloads in the areas of software defined radio, aircraft and ship tracking, ADS-B patch antenna, and optical earth observation; and power and communication systems, command and data handling products, attitude and orbit control systems, ground systems, and various ready to integrate structures. Its products are used in global tracking, Internet of things, communication, defense and security, remote sensing, and science mission applications.

GomSpace Group Fundamentals Summary

How do GomSpace Group's earnings and revenue compare to its market cap?
GOMX fundamental statistics
Market Cap	kr558.29m
Earnings (TTM)	-kr11.41m
Revenue (TTM)	kr256.73m

2.2x

P/S Ratio

-48.9x

P/E Ratio

Is GOMX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
GOMX income statement (TTM)
Revenue	kr256.73m
Cost of Revenue	kr183.41m
Gross Profit	kr73.31m
Other Expenses	kr84.72m
Earnings	-kr11.41m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 25, 2022

Earnings per share (EPS)	-0.18
Gross Margin	28.56%
Net Profit Margin	-4.44%
Debt/Equity Ratio	7.5%

How did GOMX perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for GOMX. This is calculated by dividing GOMX's market cap by their current preferred multiple.
What is GOMX's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	kr558.29m

GOMX 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	1.8x
Enterprise Value/EBITDA	479.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

GOMX PS Ratio vs Peers

The above table shows the PS ratio for GOMX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PS	Estimated Growth	Market Cap
Peer Average	4.7x

Forward PS

Price-To-Sales vs Peers: GOMX is good value based on its Price-To-Sales Ratio (2.2x) compared to the peer average (4.7x).

Price to Earnings Ratio vs Industry

How does GOMX's PE Ratio compare vs other companies in the Aerospace & Defense Industry?

Price-To-Sales vs Industry: GOMX is good value based on its Price-To-Sales Ratio (2.2x) compared to the Swedish Aerospace & Defense industry average (3.8x)

Price to Sales Ratio vs Fair Ratio

What is GOMX'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.

GOMX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2.2x
Fair PS Ratio	1.8x

Price-To-Sales vs Fair Ratio: GOMX is expensive based on its Price-To-Sales Ratio (2.2x) compared to the estimated Fair Price-To-Sales Ratio (1.8x).

Share Price vs Fair Value

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

Below Fair Value: GOMX (SEK8.9) is trading below our estimate of fair value (SEK84.61)

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

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GOMX's PEG Ratio to determine if it is good value.

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Future Growth

How is GomSpace Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

103.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GOMX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.3%).

Earnings vs Market: GOMX is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: GOMX is expected to become profitable in the next 3 years.

Revenue vs Market: GOMX's revenue (26.4% per year) is forecast to grow faster than the Swedish market (5.6% per year).

High Growth Revenue: GOMX's revenue (26.4% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: GOMX's Return on Equity is forecast to be low in 3 years time (18.4%).

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Past Performance

How has GomSpace Group performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

0.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GOMX is currently unprofitable.

Growing Profit Margin: GOMX is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: GOMX is unprofitable, but has reduced losses over the past 5 years at a rate of 0.4% per year.

Accelerating Growth: Unable to compare GOMX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GOMX is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (66.9%).

Return on Equity

High ROE: GOMX has a negative Return on Equity (-3.5%), as it is currently unprofitable.

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Financial Health

How is GomSpace Group's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: GOMX's short term assets (SEK300.9M) exceed its short term liabilities (SEK121.4M).

Long Term Liabilities: GOMX's short term assets (SEK300.9M) exceed its long term liabilities (SEK57.5M).

Debt to Equity History and Analysis

Debt Level: GOMX has more cash than its total debt.

Reducing Debt: GOMX's debt to equity ratio has reduced from 8.8% to 7.5% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: GOMX has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if GOMX has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

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Dividend

What is GomSpace Group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

7.50%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate GOMX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GOMX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GOMX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GOMX's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as GOMX has not reported any payouts.

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Management

How experienced are the management team and are they aligned to shareholders interests?

0.6yrs

Average management tenure

CEO

Niels Buus (64 yo)

no data

Tenure

kr3,721,000

Compensation

Mr. Niels Buus serves as Managing Director and Chief Executive Officer of GomSpace Group AB (publ). Mr. Buus has been Managing Director of GomSpace ApS since 2014. He serves as Chief Executive Officer and...

CEO Compensation Analysis

Compensation vs Market: Niels's total compensation ($USD367.45K) is above average for companies of similar size in the Swedish market ($USD233.45K).

Compensation vs Earnings: Niels's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: GOMX's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.

Board Members

Experienced Board: GOMX's board of directors are considered experienced (3.7 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20%.

Data	Last Updated (UTC time)
Company Analysis	2022/06/26 00:00
End of Day Share Price	2022/06/23 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31