How much is the crematorium preparing to leave the stock exchange worth?

As K2 LT considers delisting from the Baltic stock exchange, Verslo žinios published an article in which PLY Analytics co-founder Vitalij Šostak evaluated the company’s official offer price.

“When looking at K2 LT’s key relative valuation metrics, the current market price, which coincides with the official offer price, really appears quite generous. The relative valuations are fairly high both in the context of the market or the sector and in the company’s own historical context,” said V. Šostak.

As shown by the valuation model of PLY Analytics’ listed company financial information and analysis platform, which uses five relative valuation metrics to indicate whether a stock is overvalued or undervalued compared to its “fair price,” K2 LT’s market capitalization exceeds the so-called fair value.

“According to this model, we see that the generated fair values range from EUR 8.81 million to EUR 7.95 million, while the average fair value stands at EUR 8.24 million,” explains V. Šostak. “The company’s market capitalization currently amounts to EUR 9.29 million. Accordingly, we see that the company’s market value exceeds the fair price generated by the model by around 12%. In this context, the offered price, calculated in accordance with legal requirements, appears quite generous.”

Read more in the Verslo žinios article: Kiek vertas biržą palikti besiruošiantis krematoriumas.