W5 Solutions Valuation

Q: What is the Fair Price of W5 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

W5 (SEK49.15) is trading below our estimate of [[fair value]] (SEK80.44)

Is W5 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 W5 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: W5 (SEK49.15) is trading below our estimate of fair value (SEK80.44)

Significantly Below Fair Value: W5 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for W5?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for W5. This is calculated by dividing W5's market cap by their current preferred multiple.
What is W5's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	SEK 744.40m

W5 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	2x
Enterprise Value/EBITDA	57.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does W5's PS Ratio compare to its peers?

The above table shows the PS ratio for W5 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	6.3x
GOMX GomSpace Group	3.2x	n/a	SEK 720.2m
AVT B AVTECH Sweden	8.1x	13.9%	SEK 293.7m
MILDEF MilDef Group	3.1x	16.7%	SEK 3.5b
CTT CTT Systems	11x	21.9%	SEK 3.5b
W5 W5 Solutions	1.8x	19.0%	SEK 744.4m

Price-To-Sales vs Peers: W5 is good value based on its Price-To-Sales Ratio (1.8x) compared to the peer average (6.3x).

Price to Earnings Ratio vs Industry

How does W5's PE Ratio compare vs other companies in the European Aerospace & Defense Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	21.9%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	21.9%
	n/a	n/a	n/a

No more companies

Price-To-Sales vs Industry: W5 is expensive based on its Price-To-Sales Ratio (1.8x) compared to the European Aerospace & Defense industry average (1.6x).

Price to Sales Ratio vs Fair Ratio

What is W5'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.

W5 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.8x
Fair PS Ratio	2.4x

Price-To-Sales vs Fair Ratio: W5 is good value based on its Price-To-Sales Ratio (1.8x) compared to the estimated Fair Price-To-Sales Ratio (2.4x).

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 W5 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	SEK 49.15	SEK 89.00 +81.1%	4.5%	SEK 93.00	SEK 85.00	n/a	2
Sep ’25	SEK 54.20	SEK 89.00 +64.2%	4.5%	SEK 93.00	SEK 85.00	n/a	2
Aug ’25	SEK 55.70	SEK 89.00 +59.8%	4.5%	SEK 93.00	SEK 85.00	n/a	2
Jul ’25	SEK 66.20	SEK 99.00 +49.5%	6.1%	SEK 105.00	SEK 93.00	n/a	2
Jun ’25	SEK 62.70	SEK 104.00 +65.9%	10.6%	SEK 115.00	SEK 93.00	n/a	2
May ’25	SEK 72.60	SEK 110.00 +51.5%	9.1%	SEK 120.00	SEK 100.00	n/a	2
Apr ’25	SEK 76.20	SEK 110.00 +44.4%	9.1%	SEK 120.00	SEK 100.00	n/a	2
Mar ’25	SEK 94.60	SEK 110.00 +16.3%	9.1%	SEK 120.00	SEK 100.00	n/a	2
Feb ’25	SEK 98.50	SEK 113.50 +15.2%	5.7%	SEK 120.00	SEK 107.00	n/a	2
Jan ’25	SEK 87.50	SEK 113.50 +29.7%	5.7%	SEK 120.00	SEK 107.00	n/a	2
Dec ’24	SEK 69.40	SEK 113.50 +63.5%	5.7%	SEK 120.00	SEK 107.00	n/a	2
Nov ’24	SEK 78.20	SEK 117.50 +50.3%	2.1%	SEK 120.00	SEK 115.00	n/a	2
Oct ’24	SEK 78.10	SEK 115.00 +47.2%	4.3%	SEK 120.00	SEK 110.00	n/a	2
Sep ’24	SEK 81.30	SEK 112.50 +38.4%	2.2%	SEK 115.00	SEK 110.00	SEK 54.20	2
Aug ’24	SEK 94.00	SEK 95.50 +1.6%	4.7%	SEK 100.00	SEK 91.00	SEK 55.70	2
Jul ’24	SEK 70.00	SEK 95.50 +36.4%	4.7%	SEK 100.00	SEK 91.00	SEK 66.20	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.