T Stamp Valuation

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

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

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for IDAI. This is calculated by dividing IDAI's market cap by their current revenue.
What is IDAI's PS Ratio?
PS Ratio	1.6x
Sales	US$2.16m
Market Cap	US$3.39m

IDAI 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	2.2x
Enterprise Value/EBITDA	-0.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for IDAI 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	0.6x
INTZ Intrusion	0.8x	43.6%	US$4.2m
BKYI BIO-key International	0.2x	11.5%	US$1.7m
HWNI High Wire Networks	0.3x	n/a	US$6.9m
IVDA Iveda Solutions	1x	n/a	US$4.5m
IDAI T Stamp	1.6x	60.4%	US$3.4m

Price-To-Sales vs Peers: IDAI is expensive based on its Price-To-Sales Ratio (1.6x) compared to the peer average (0.6x).

Price to Sales Ratio vs Industry

How does IDAI's PS Ratio compare vs other companies in the US Software Industry?

80 Companies	Price / Sales	Estimated Growth	Market Cap
VYX NCR Voyix	0.6x	-23.2%	US$2.07b
PGY Pagaya Technologies	0.7x	15.8%	US$645.96m
XPER Xperi	0.8x	1.8%	US$387.78m
EGHT 8x8	0.5x	1.1%	US$371.08m

80 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: IDAI is good value based on its Price-To-Sales Ratio (1.6x) compared to the US Software industry average (5.1x).

Price to Sales Ratio vs Fair Ratio

What is IDAI'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.

IDAI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.6x
Fair PS Ratio	2.6x

Price-To-Sales vs Fair Ratio: IDAI is good value based on its Price-To-Sales Ratio (1.6x) compared to the estimated Fair Price-To-Sales Ratio (2.6x).

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.

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