Railway Metrics and Dynamics Sweden Valuation

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

Below Fair Value: RMDX (SEK0.94) is trading below our estimate of fair value (SEK3.78)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for RMDX. This is calculated by dividing RMDX's market cap by their current revenue.
What is RMDX's PS Ratio?
PS Ratio	1.4x
Sales	SEK 16.16m
Market Cap	SEK 29.48m

RMDX 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	1.7x
Enterprise Value/EBITDA	-5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for RMDX 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	1x
THINC Thinc Collective	0.1x	n/a	SEK 35.1m
ZAPLOX Zaplox	2.2x	n/a	SEK 38.9m
DLAB Dlaboratory Sweden	0.7x	n/a	SEK 32.5m
COMINT Comintelli	0.8x	n/a	SEK 27.0m
RMDX Railway Metrics and Dynamics Sweden	1.4x	n/a	SEK 29.5m

Price-To-Sales vs Peers: RMDX is expensive based on its Price-To-Sales Ratio (1.4x) compared to the peer average (1x).

Price to Sales Ratio vs Industry

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

11 Companies	Price / Sales	Estimated Growth	Market Cap
QBIT QuickBit eu	0.5x	n/a	US$45.43m
ARCA Arcario	0.4x	n/a	US$24.94m
SDS Seamless Distribution Systems	0.5x	4.0%	US$9.72m
THINC Thinc Collective	0.1x	n/a	US$3.21m

11 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: RMDX is good value based on its Price-To-Sales Ratio (1.4x) compared to the Swedish Software industry average (2.1x).

Price to Sales Ratio vs Fair Ratio

What is RMDX'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.

RMDX 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 RMDX'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.

Discover undervalued companies

CombinedX

SEK 567.8m

Provides technology solutions to companies and organizations.

SEK 31.20

-4.0%

-9.6%

Cint Group

SEK 2.5b

Provides software solutions for digital insights and research technology worldwide.

CINT

SEK 11.63

-9.0%

26.4%

Proact IT Group

SEK 3.4b

Provides data and information management services with on cloud services and data center solutions in Sweden, the United Kingdom, the Netherlands, Germany, and internationally.

PACT

SEK 129.20

-3.4%

54.5%