Avensia Valuation

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

Valuation Score

5/6

Valuation Score 5/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: AVEN (SEK7.58) is trading below our estimate of fair value (SEK13.26)

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

Key Valuation Metric

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

Key metric: As AVEN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AVEN. This is calculated by dividing AVEN's market cap by their current earnings.
What is AVEN's PE Ratio?
PE Ratio	17.1x
Earnings	SEK 16.47m
Market Cap	SEK 281.39m

AVEN 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	0.8x
Enterprise Value/EBITDA	9.6x
PEG Ratio	0.7x

Price to Earnings Ratio vs Peers

How does AVEN's PE Ratio compare to its peers?

The above table shows the PE ratio for AVEN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	32.4x
GENE Genesis IT	25.8x	n/a	SEK 262.9m
CDMIL CodeMill	20.6x	22.6%	SEK 197.5m
MEGR Mediacle Group	59.8x	n/a	SEK 138.7m
UPSALE Upsales Technology	23.5x	13.8%	SEK 508.5m
AVEN Avensia	17.1x	22.9%	SEK 281.4m

Price-To-Earnings vs Peers: AVEN is good value based on its Price-To-Earnings Ratio (17.1x) compared to the peer average (34.6x).

Price to Earnings Ratio vs Industry

How does AVEN's PE Ratio compare vs other companies in the SE Software Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
SPEONE SpectrumOne	1.9x	n/a	US$10.32m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: AVEN is good value based on its Price-To-Earnings Ratio (17.1x) compared to the European Software industry average (28.8x).

Price to Earnings Ratio vs Fair Ratio

What is AVEN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AVEN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	17.1x
Fair PE Ratio	20.8x

Price-To-Earnings vs Fair Ratio: AVEN is good value based on its Price-To-Earnings Ratio (17.1x) compared to the estimated Fair Price-To-Earnings Ratio (20.8x).

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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