AVITA Medical Valuation

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

AVHH.L ($2.3) is trading below our estimate of [[fair value]] ($11.17)

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

Below Fair Value: AVHH.L ($2.3) is trading below our estimate of fair value ($11.17)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AVHH.L?

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

The above table shows the Price to Sales ratio for AVHH.L. This is calculated by dividing AVHH.L's market cap by their current revenue.
What is AVHH.L's PS Ratio?
PS Ratio	5.6x
Sales	US$60.04m
Market Cap	US$337.32m

AVHH.L 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	5.6x
Enterprise Value/EBITDA	-5.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does AVHH.L's PS Ratio compare to its peers?

The above table shows the PS ratio for AVHH.L 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	10.8x
SLN Silence Therapeutics	17.6x	31.4%	US$362.1m
URGN UroGen Pharma	6x	42.7%	US$534.2m
YMAB Y-mAbs Therapeutics	6.3x	12.3%	US$532.1m
HARP Harpoon Therapeutics	13.2x	35.3%	US$492.3m
AVHH.L AVITA Medical	5.6x	26.6%	US$337.3m

Price-To-Sales vs Peers: AVHH.L is good value based on its Price-To-Sales Ratio (5.6x) compared to the peer average (10.8x).

Price to Sales Ratio vs Industry

How does AVHH.L's PS Ratio compare vs other companies in the US Biotechs Industry?

124 Companies	Price / Sales	Estimated Growth	Market Cap
BIIB Biogen	2.4x	1.3%	US$23.29b
MRNA Moderna	3.3x	6.7%	US$16.70b
INCY Incyte	3.6x	9.0%	US$14.54b
ALKS Alkermes	3.2x	-0.7%	US$4.74b

124 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: AVHH.L is good value based on its Price-To-Sales Ratio (5.6x) compared to the US Biotechs industry average (10x).

Price to Sales Ratio vs Fair Ratio

What is AVHH.L'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.

AVHH.L PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	5.6x
Fair PS Ratio	n/a

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