Novus Group International Valuation

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

Below Fair Value: NOVU (SEK3.38) is trading below our estimate of fair value (SEK4.88)

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

Key Valuation Metric

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

Key metric: As NOVU is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for NOVU. This is calculated by dividing NOVU's market cap by their current revenue.
What is NOVU's PS Ratio?
PS Ratio	0.6x
Sales	SEK 62.73m
Market Cap	SEK 35.06m

NOVU 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	0.4x
Enterprise Value/EBITDA	-20.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for NOVU 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	2.7x
FRNT B Front Ventures	7.6x	n/a	SEK 22.8m
HIFA B Hifab Group	0.6x	n/a	SEK 186.2m
VULTS Vultus	2.4x	n/a	SEK 4.6m
PENG B Projektengagemang Sweden	0.3x	3.2%	SEK 214.1m
NOVU Novus Group International	0.6x	n/a	SEK 35.1m

Price-To-Sales vs Peers: NOVU is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (1x).

Price to Sales Ratio vs Industry

How does NOVU's PS Ratio compare vs other companies in the SE Professional Services Industry?

1 Company	Price / Sales	Estimated Growth	Market Cap
EWRK Ework Group	0.1x	5.2%	US$219.32m

No more companies available in this PS range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: NOVU is good value based on its Price-To-Sales Ratio (0.6x) compared to the European Professional Services industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is NOVU'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.

NOVU PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.6x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate NOVU's Price-To-Sales 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.