SolarBank Valuation

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

SUUN ($2.79) is trading below our estimate of [[fair value]] ($16.22)

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: SUUN ($2.79) is trading below our estimate of fair value ($16.22)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SUUN. This is calculated by dividing SUUN's market cap by their current revenue.
What is SUUN's PS Ratio?
PS Ratio	1.7x
Sales	CA$66.70m
Market Cap	CA$123.60m

SUUN 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	2.9x
Enterprise Value/EBITDA	81x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SUUN 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	1.5x
HUHU HUHUTECH International Group	5x	n/a	US$84.9m
SOL Emeren Group	0.9x	17.8%	US$99.4m
SHIM Shimmick	0.1x	-3.2%	US$72.2m
VATE INNOVATE	0.07x	n/a	US$78.5m
SUUN SolarBank	1.7x	13.7%	US$123.6m

Price-To-Sales vs Peers: SUUN is expensive based on its Price-To-Sales Ratio (1.7x) compared to the peer average (1.5x).

Price to Sales Ratio vs Industry

How does SUUN's PS Ratio compare vs other companies in the US Construction Industry?

8 Companies	Price / Sales	Estimated Growth	Market Cap
SLND Southland Holdings	0.1x	3.3%	US$148.65m
VATE INNOVATE	0.07x	n/a	US$78.51m
SHIM Shimmick	0.1x	-3.2%	US$72.16m
SGBX Safe & Green Holdings	0.1x	n/a	US$1.09m

8 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: SUUN is expensive based on its Price-To-Sales Ratio (1.7x) compared to the US Construction industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is SUUN'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.

SUUN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.7x
Fair PS Ratio	0.6x

Price-To-Sales vs Fair Ratio: SUUN is expensive based on its Price-To-Sales Ratio (1.7x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

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.

Discover undervalued companies

Mitsubishi

JP¥10.0t

Engages in the natural gas, industrial materials and infrastructure, chemicals, mineral resources, automotive and mobility, food and consumer industry, power solution, and urban development businesses worldwide.

MSBH.F

JP¥16.50

-4.3%

4.8%

Doman Building Materials Group

CA$852.8m

Through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada.

CWXZ.F

CA$6.87

3.0%

38.5%

Iveco Group

€2.4b

Engages in the design, production, marketing, sale, servicing, and financing of trucks, commercial vehicles, buses and specialty vehicles for firefighting, defense, and other applications worldwide.

IVCG.F

€9.62

-0.9%

20.2%