Flexion Mobile Valuation

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

FLEXM (SEK7.38) is trading above our estimate of [[fair value]] (SEK1.64)

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

Below Fair Value: FLEXM (SEK7.38) is trading above our estimate of fair value (SEK1.64)

Significantly Below Fair Value: FLEXM is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for FLEXM. This is calculated by dividing FLEXM's market cap by their current revenue.
What is FLEXM's PS Ratio?
PS Ratio	0.4x
Sales	UK£78.88m
Market Cap	UK£30.01m

FLEXM 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	3.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for FLEXM 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	0.8x
STAR B Starbreeze	1.3x	14.8%	SEK 290.0m
G5EN G5 Entertainment	0.7x	0.01%	SEK 765.9m
MAGI MAG Interactive	0.7x	n/a	SEK 226.3m
EG7 Enad Global 7	0.7x	17.2%	SEK 1.2b
FLEXM Flexion Mobile	0.4x	11.1%	SEK 415.6m

Price-To-Sales vs Peers: FLEXM is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.8x).

Price to Sales Ratio vs Industry

How does FLEXM's PS Ratio compare vs other companies in the SE Entertainment Industry?

3 Companies	Price / Sales	Estimated Growth	Market Cap
MOMENT Moment Group	0.2x	n/a	US$19.81m
MAXENT B Maximum Entertainment	0.03x	6.6%	US$3.56m
AIK B AIK Fotboll	0.1x	n/a	US$3.16m

No more companies available in this PS range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: FLEXM is good value based on its Price-To-Sales Ratio (0.4x) compared to the Swedish Entertainment industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is FLEXM'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.

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

Price-To-Sales vs Fair Ratio: FLEXM is good value based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).

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.

Discover undervalued companies

Better Collective

SEK 8.2b

Operates as a digital sports media company in Europe, North America, and internationally.

BETCO

SEK 131.80

-4.4%

-45.1%

Verve Group

€746.3m

Operates a software platform for the automated buying and selling of digital advertising space in North America and Europe.

VER

€46.85

3.0%

315.3%

Eniro Group

SEK 334.9m

Operates as a software-as-a-service company in Sweden, Norway, Denmark, and Finland.

ENRO

SEK 0.46

-13.2%