Svenska Aerogel Holding Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: AERO (SEK0.1) is trading below our estimate of fair value (SEK2.69)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for AERO. This is calculated by dividing AERO's market cap by their current revenue.
What is AERO's PS Ratio?
PS Ratio	39x
Sales	SEK 2.52m
Market Cap	SEK 99.08m

AERO 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	38.2x
Enterprise Value/EBITDA	-3.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for AERO 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	6x
PREBON Prebona	9.4x	n/a	SEK 94.6m
AXIC A aXichem	9.6x	n/a	SEK 69.2m
LCLEAN LifeClean International	2.2x	34.4%	SEK 130.2m
PCAT Photocat	2.6x	n/a	SEK 61.7m
AERO Svenska Aerogel Holding	39x	63.6%	SEK 99.1m

Price-To-Sales vs Peers: AERO is expensive based on its Price-To-Sales Ratio (39x) compared to the peer average (6x).

Price to Sales Ratio vs Industry

How does AERO's PS Ratio compare vs other companies in the European Chemicals Industry?

24 Companies	Price / Sales	Estimated Growth	Market Cap

24 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: AERO is expensive based on its Price-To-Sales Ratio (39x) compared to the European Chemicals industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is AERO'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.

AERO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	39x
Fair PS Ratio	n/a

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

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