Alpha Technology Group Valuation

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

ATGL ($12.66) is trading above our estimate of [[fair value]] ($0.67)

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: ATGL ($12.66) is trading above our estimate of fair value ($0.67)

Significantly Below Fair Value: ATGL is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Book ratio for ATGL. This is calculated by dividing ATGL's market cap by their current book value.
What is ATGL's PB Ratio?
PB Ratio	31.1x
Book	HK$52.11m
Market Cap	HK$1.76b

ATGL 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	186.8x
Enterprise Value/EBITDA	-199.9x
PEG Ratio	n/a

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for ATGL 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	591.1x
TSSI TSS	34.3x	n/a	US$267.2m
FCCN Spectral Capital	1998.4x	n/a	US$291.8m
III Information Services Group	1.9x	121.2%	US$186.5m
TDTH Trident Digital Tech Holdings	329.8x	n/a	US$172.3m
ATGL Alpha Technology Group	31.1x	n/a	US$225.5m

Price-To-Book vs Peers: ATGL is good value based on its Price-To-Book Ratio (31.1x) compared to the peer average (591.1x).

Price to Book Ratio vs Industry

How does ATGL's PB Ratio compare vs other companies in the US IT Industry?

12 Companies	Price / Book	Estimated Growth	Market Cap
CLPS CLPS Incorporation	0.5x	n/a	US$30.35m
ARBB ARB IOT Group	0.3x	n/a	US$12.34m
UBXG U-BX Technology	0.6x	n/a	US$8.19m
HMNY Helios and Matheson Analytics	0.006x	n/a	US$7.05m

12 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: ATGL is expensive based on its Price-To-Book Ratio (31.1x) compared to the US IT industry average (3.3x).

Price to Book Ratio vs Fair Ratio

What is ATGL'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.

ATGL PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	31.1x
Fair PB Ratio	n/a

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