Raketech Group Holding Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: RAKE (SEK4.4) is trading below our estimate of fair value (SEK70.16)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for RAKE. This is calculated by dividing RAKE's market cap by their current revenue.
What is RAKE's PS Ratio?
PS Ratio	0.2x
Sales	€71.63m
Market Cap	€17.30m

RAKE 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	0.2x
Enterprise Value/EBITDA	0.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for RAKE 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	1.2x
FABLE Fable Media Group	2.6x	14.0%	SEK 237.8m
ANGL Angler Gaming	0.6x	9.7%	SEK 284.9m
ACROUD Acroud	0.2x	6.5%	SEK 67.4m
SCOUT Scout Gaming Group	1.4x	n/a	SEK 57.0m
RAKE Raketech Group Holding	0.2x	2.9%	SEK 199.0m

Price-To-Sales vs Peers: RAKE is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (1.2x).

Price to Sales Ratio vs Industry

How does RAKE's PS Ratio compare vs other companies in the SE Hospitality Industry?

1 Company	Price / Sales	Estimated Growth	Market Cap
TANGI Tangiamo Touch Technology	0.1x	n/a	US$79.64k

No more companies available in this PS range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: RAKE is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Hospitality industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is RAKE'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.

RAKE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	0.4x

Price-To-Sales vs Fair Ratio: RAKE is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).

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 RAKE 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 4.40	SEK 17.00 +286.4%	23.5%	SEK 21.00	SEK 13.00	n/a	2
Nov ’25	SEK 6.87	SEK 24.00 +249.3%	33.3%	SEK 32.00	SEK 16.00	n/a	2
Oct ’25	SEK 7.79	SEK 24.00 +208.1%	33.3%	SEK 32.00	SEK 16.00	n/a	2
Sep ’25	SEK 7.39	SEK 24.00 +224.8%	33.3%	SEK 32.00	SEK 16.00	n/a	2
Aug ’25	SEK 9.02	SEK 26.00 +188.2%	34.6%	SEK 35.00	SEK 17.00	n/a	2
Jul ’25	SEK 9.18	SEK 26.50 +188.7%	32.1%	SEK 35.00	SEK 18.00	n/a	2
Jun ’25	SEK 11.10	SEK 26.50 +138.7%	32.1%	SEK 35.00	SEK 18.00	n/a	2
May ’25	SEK 13.20	SEK 33.00 +150.0%	21.2%	SEK 40.00	SEK 26.00	n/a	2
Apr ’25	SEK 16.32	SEK 35.00 +114.5%	14.3%	SEK 40.00	SEK 30.00	n/a	2
Mar ’25	SEK 16.40	SEK 35.00 +113.4%	14.3%	SEK 40.00	SEK 30.00	n/a	2
Feb ’25	SEK 16.14	SEK 37.50 +132.3%	6.7%	SEK 40.00	SEK 35.00	n/a	2
Jan ’25	SEK 17.68	SEK 37.50 +112.1%	6.7%	SEK 40.00	SEK 35.00	n/a	2
May ’24	SEK 18.88	SEK 28.05 +48.6%	14.1%	SEK 32.00	SEK 24.10	SEK 13.20	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.