PIERER Mobility Valuation

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

PIER.F ($11.9) is trading below our estimate of [[fair value]] ($51.49)

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

Below Fair Value: PIER.F ($11.9) is trading below our estimate of fair value ($51.49)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PIER.F?

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

The above table shows the Price to Sales ratio for PIER.F. This is calculated by dividing PIER.F's market cap by their current revenue.
What is PIER.F's PS Ratio?
PS Ratio	0.2x
Sales	€2.28b
Market Cap	€375.14m

PIER.F 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	44.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does PIER.F's PS Ratio compare to its peers?

The above table shows the PS ratio for PIER.F 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	9.3x
GGR Gogoro	0.6x	7.7%	US$167.5m
MAMO Massimo Group	0.9x	n/a	US$114.2m
NIU Niu Technologies	0.4x	23.7%	US$140.5m
LVWR LiveWire Group	35.4x	n/a	US$1.1b
PIER.F PIERER Mobility	0.2x	0.3%	US$375.1m

Price-To-Sales vs Peers: PIER.F is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (9.3x).

Price to Sales Ratio vs Industry

How does PIER.F's PS Ratio compare vs other companies in the US Auto Industry?

24 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	1.1x	13.8%
PIER.F PIERER Mobility	0.2x	0.3%	US$396.22m
GM General Motors	0.3x	1.2%	US$58.71b
F Ford Motor	0.2x	0.7%	US$41.49b

24 Companies		Estimated Growth	Market Cap
Industry Avg.	1.1x	13.1%
PIER.F PIERER Mobility	0.2x	70.0%	US$396.22m

No more companies

Price-To-Sales vs Industry: PIER.F is good value based on its Price-To-Sales Ratio (0.2x) compared to the US Auto industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is PIER.F'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.

PIER.F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate PIER.F'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.