QBNK Holding Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: QBNK (SEK5.9) is trading below our estimate of fair value (SEK26.78)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for QBNK. This is calculated by dividing QBNK's market cap by their current revenue.
What is QBNK's PS Ratio?
PS Ratio	1.4x
Sales	SEK 40.50m
Market Cap	SEK 57.53m

QBNK 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	1x
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for QBNK 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	1.5x
FLOWS Flowscape Technology	1x	n/a	SEK 55.6m
BRILL Brilliant Future	0.6x	n/a	SEK 64.6m
CFISH Crunchfish	2.8x	n/a	SEK 52.5m
RISK Risk Intelligence	1.4x	n/a	DKK 28.6m
QBNK QBNK Holding	1.4x	n/a	SEK 57.5m

Price-To-Sales vs Peers: QBNK is good value based on its Price-To-Sales Ratio (1.4x) compared to the peer average (1.5x).

Price to Sales Ratio vs Industry

How does QBNK's PS Ratio compare vs other companies in the SE Software Industry?

10 Companies	Price / Sales	Estimated Growth	Market Cap
ARCA Arcario	0.4x	n/a	US$24.42m
SDS Seamless Distribution Systems	0.4x	4.0%	US$9.63m
THINC Thinc Collective	0.1x	n/a	US$3.21m
AYIMA B Ayima Group	0.2x	n/a	US$2.24m

10 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: QBNK is good value based on its Price-To-Sales Ratio (1.4x) compared to the Swedish Software industry average (2.3x).

Price to Sales Ratio vs Fair Ratio

What is QBNK'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.

QBNK PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.4x
Fair PS Ratio	n/a

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