Time People Group Valuation

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

Below Fair Value: TPGR (SEK8.9) is trading below our estimate of fair value (SEK29.49)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for TPGR. This is calculated by dividing TPGR's market cap by their current revenue.
What is TPGR's PS Ratio?
PS Ratio	0.3x
Sales	SEK 238.08m
Market Cap	SEK 60.45m

TPGR 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	0.3x
Enterprise Value/EBITDA	40.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for TPGR 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
DIAH Diadrom Holding	0.8x	n/a	SEK 52.0m
TALK TalkPool	0.3x	n/a	SEK 45.1m
SOLIDX Solidx	0.6x	n/a	SEK 84.1m
EXALT Exalt	0.5x	n/a	SEK 23.7m
TPGR Time People Group	0.3x	n/a	SEK 60.5m

Price-To-Sales vs Peers: TPGR is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

How does TPGR'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$807.21k
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: TPGR is good value based on its Price-To-Sales Ratio (0.3x) compared to the Swedish IT industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is TPGR'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.

TPGR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.3x
Fair PS Ratio	n/a

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