Adtraction Group Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: ADTR (SEK35.3) is trading below our estimate of fair value (SEK76.56)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for ADTR. This is calculated by dividing ADTR's market cap by their current revenue.
What is ADTR's PS Ratio?
PS Ratio	0.5x
Sales	SEK 1.23b
Market Cap	SEK 586.23m

ADTR 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	8.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ADTR 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	0.5x
AWRD Awardit	0.9x	7.5%	SEK 1.1b
ENRO Eniro Group	0.4x	n/a	SEK 334.9m
TRAD TradeDoubler	0.08x	n/a	SEK 161.1m
NEPA Nepa	0.5x	7.9%	SEK 154.1m
ADTR Adtraction Group	0.5x	5.7%	SEK 586.2m

Price-To-Sales vs Peers: ADTR is expensive based on its Price-To-Sales Ratio (0.5x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

How does ADTR's PS Ratio compare vs other companies in the European Media Industry?

23 Companies	Price / Sales	Estimated Growth	Market Cap

23 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: ADTR is good value based on its Price-To-Sales Ratio (0.5x) compared to the European Media industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

What is ADTR'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.

ADTR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.5x
Fair PS Ratio	0.4x

Price-To-Sales vs Fair Ratio: ADTR is expensive based on its Price-To-Sales Ratio (0.5x) 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?

Analyst Forecast: Insufficient data to show price forecast.

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