Thunderful Group Valuation

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

Below Fair Value: THUNDR (SEK0.9) is trading below our estimate of fair value (SEK139.58)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for THUNDR. This is calculated by dividing THUNDR's market cap by their current revenue.
What is THUNDR's PS Ratio?
PS Ratio	0.03x
Sales	SEK 2.29b
Market Cap	SEK 63.19m

THUNDR 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	0.04x
Enterprise Value/EBITDA	-0.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for THUNDR 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	0.4x
DIST DistIT	0.04x	1.1%	SEK 68.8m
BERNER B Berner Industrier	0.6x	3.5%	SEK 587.2m
IMSOL B Implementa Sol	0.5x	n/a	SEK 5.1m
ALCA Alcadon Group	0.4x	n/a	SEK 735.3m
THUNDR Thunderful Group	0.03x	-71.4%	SEK 63.2m

Price-To-Sales vs Peers: THUNDR is good value based on its Price-To-Sales Ratio (0x) compared to the peer average (0.4x).

Price to Sales Ratio vs Industry

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

6 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	1.3x	7.7%
THUNDR Thunderful Group	0.03x	-71.4%	US$5.75m
DUST Dustin Group	0.1x	4.0%	US$278.34m
LEVEL Nordic LEVEL Group AB (publ.)	0.4x	11.9%	US$12.52m

6 Companies		Estimated Growth	Market Cap
Industry Avg.	1.3x	13.0%
THUNDR Thunderful Group	0.03x	87.8%	US$5.75m

No more companies

Price-To-Sales vs Industry: THUNDR is good value based on its Price-To-Sales Ratio (0x) compared to the Swedish Electronic industry average (1.3x).

Price to Sales Ratio vs Fair Ratio

What is THUNDR'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.

THUNDR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.03x
Fair PS Ratio	0.02x

Price-To-Sales vs Fair Ratio: THUNDR is expensive based on its Price-To-Sales Ratio (0x) compared to the estimated Fair Price-To-Sales Ratio (0x).

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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