Smart Eye Valuation

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

Below Fair Value: SEYE (SEK57.1) is trading below our estimate of fair value (SEK770.84)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SEYE. This is calculated by dividing SEYE's market cap by their current revenue.
What is SEYE's PS Ratio?
PS Ratio	6.1x
Sales	SEK 346.12m
Market Cap	SEK 2.11b

SEYE 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	6x
Enterprise Value/EBITDA	-16.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SEYE 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	1.3x
PRIC B Pricer	0.7x	14.0%	SEK 1.8b
EPEN Ependion	1.2x	8.4%	SEK 2.7b
FIRE Firefly	2.4x	n/a	SEK 1.2b
SGG Sensys Gatso Group	0.9x	27.2%	SEK 580.0m
SEYE Smart Eye	6.1x	41.7%	SEK 2.1b

Price-To-Sales vs Peers: SEYE is expensive based on its Price-To-Sales Ratio (6.1x) compared to the peer average (1.3x).

Price to Sales Ratio vs Industry

How does SEYE's PS Ratio compare vs other companies in the SE Electronic Industry?

6 Companies	Price / Sales	Estimated Growth	Market Cap
DUST Dustin Group	0.1x	4.0%	US$256.36m
LEVEL Nordic LEVEL Group AB (publ.)	0.4x	12.7%	US$12.99m
DIST DistIT	0.04x	1.1%	US$5.91m
THUNDR Thunderful Group	0.03x	-71.4%	US$5.46m

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: SEYE is expensive based on its Price-To-Sales Ratio (6.1x) compared to the Swedish Electronic industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

What is SEYE'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.

SEYE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	6.1x
Fair PS Ratio	11.9x

Price-To-Sales vs Fair Ratio: SEYE is good value based on its Price-To-Sales Ratio (6.1x) compared to the estimated Fair Price-To-Sales Ratio (11.9x).

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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