Nodebis Applications Valuation

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

Below Fair Value: NODE (SEK12) is trading below our estimate of fair value (SEK41.02)

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

Key Valuation Metric

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

Key metric: As NODE is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for NODE. This is calculated by dividing NODE's market cap by their current revenue.
What is NODE's PS Ratio?
PS Ratio	1.4x
Sales	SEK 57.95m
Market Cap	SEK 80.26m

NODE 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	1.4x
Enterprise Value/EBITDA	42x
PEG Ratio	327.8x

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for NODE 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
SOLIDX Solidx	0.6x	n/a	SEK 82.7m
SAFETY B mySafety Group	0.4x	n/a	SEK 137.0m
CYB1 Cyber Security 1	0.2x	n/a	€11.4m
DIAH Diadrom Holding	0.8x	n/a	SEK 52.0m
NODE Nodebis Applications	1.4x	9.8%	SEK 80.3m

Price-To-Sales vs Peers: NODE is expensive based on its Price-To-Sales Ratio (1.4x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

How does NODE's PS Ratio compare vs other companies in the SE IT Industry?

2 Companies	Price / Sales	Estimated Growth	Market Cap
QLOSR B Qlosr Group	0.02x	8.6%	US$808.98k
HUBSO HUBSO Group	0.08x	n/a	US$185.80k

No more companies available in this PS range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: NODE is expensive based on its Price-To-Sales Ratio (1.4x) compared to the Swedish IT industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

What is NODE'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.

NODE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.4x
Fair PS Ratio	0.7x

Price-To-Sales vs Fair Ratio: NODE is expensive based on its Price-To-Sales Ratio (1.4x) compared to the estimated Fair Price-To-Sales Ratio (0.7x).

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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