Music Licensing Valuation

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

SONG ($0.03) is trading below our estimate of [[fair value]] ($0.78)

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

Below Fair Value: SONG ($0.03) is trading below our estimate of fair value ($0.78)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SONG. This is calculated by dividing SONG's market cap by their current revenue.
What is SONG's PS Ratio?
PS Ratio	0.003x
Sales	US$207.59m
Market Cap	US$800.24k

SONG 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	0.09x
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SONG 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	1.9x
ABQQ AB International Group	0.7x	n/a	US$1.6m
MVNC Marvion	0.3x	n/a	US$5.6m
BOTY Lingerie Fighting Championships	6.4x	n/a	US$901.0k
LYT Lytus Technologies Holdings PTV	0.1x	n/a	US$3.0m
SONG Music Licensing	0.003x	n/a	US$800.2k

Price-To-Sales vs Peers: SONG is good value based on its Price-To-Sales Ratio (0x) compared to the peer average (1.9x).

Price to Sales Ratio vs Industry

How does SONG's PS Ratio compare vs other companies in the US Entertainment Industry?

26 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	1.4x	9.1%
SONG Music Licensing	0.003x	n/a	US$800.24k
IQ iQIYI	0.5x	2.8%	US$2.01b
LGF.A Lions Gate Entertainment	0.5x	5.1%	US$1.70b

26 Companies		Estimated Growth	Market Cap
Industry Avg.	1.4x	27.8%
SONG Music Licensing	0.003x	n/a	US$800.24k

No more companies

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

Price to Sales Ratio vs Fair Ratio

What is SONG'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.

SONG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.003x
Fair PS Ratio	n/a

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

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