Incordex Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate ICDX's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ICDX's fair value for valuation analysis.

Key Valuation Metric

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

Key metric: As ICDX barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for ICDX. This is calculated by dividing ICDX's market cap by their current book value.
What is ICDX's PB Ratio?
PB Ratio	1218.9x
Book	US$6.88k
Market Cap	US$8.39m

ICDX 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	233.9x
Enterprise Value/EBITDA	-1107.6x
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does ICDX's PB Ratio compare to its peers?

The above table shows the PB ratio for ICDX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	1x
EICC.F E Automotive	0.06x	n/a	US$4.8m
GFAI Guardforce AI	0.5x	n/a	US$12.3m
ADMQ ADM Endeavors	2.5x	n/a	US$8.5m
WHLM Wilhelmina International	0.8x	n/a	US$20.6m
ICDX Incordex	1218.9x	n/a	US$8.4m

Price-To-Book vs Peers: ICDX is expensive based on its Price-To-Book Ratio (1218.9x) compared to the peer average (1.3x).

Price to Book Ratio vs Industry

How does ICDX's PB Ratio compare vs other companies in the US Commercial Services Industry?

10 Companies	Price / Book	Estimated Growth	Market Cap
LICY Li-Cycle Holdings	0.2x	46.0%	US$49.92m
SGTM Sustainable Green Team	0.5x	n/a	US$47.65m
OFST.F Carbon Streaming	0.3x	n/a	US$16.81m
AWX Avalon Holdings	0.3x	n/a	US$12.75m

10 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: ICDX is expensive based on its Price-To-Book Ratio (1218.9x) compared to the US Commercial Services industry average (2x).

Price to Book Ratio vs Fair Ratio

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

ICDX PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	1218.9x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate ICDX's Price-To-Book 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.