CogState Ltd
ASX:CGS

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CogState Ltd
ASX:CGS
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Price: 2.44 AUD Market Closed
Market Cap: AU$417.2m

P/B

5.6
Current
36%
More Expensive
vs 3-y average of 4.1

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
5.6
=
Market Cap
AU$365.4m
/
Total Equity
$51.6m

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
5.6
=
Market Cap
AU$365.4m
/
Total Equity
$51.6m

Valuation Scenarios

CogState Ltd is trading above its 3-year average

If P/B returns to its 3-Year Average (4.1), the stock would be worth AU$1.79 (27% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-52%
Maximum Upside
No Upside Scenarios
Average Downside
32%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 5.6 AU$2.44
0%
3-Year Average 4.1 AU$1.79
-27%
5-Year Average 5.1 AU$2.23
-9%
Industry Average 3.3 AU$1.42
-42%
Country Average 2.7 AU$1.16
-52%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
AU
CogState Ltd
ASX:CGS
418.6m AUD 5.6 26.9
JP
Medical Data Vision Co Ltd
TSE:3902
37.9T JPY 20.7 227.5
US
Cerner Corp
LSE:0R00
31.3B USD 8 53.1
US
Veeva Systems Inc
NYSE:VEEV
26.3B USD 3.6 28.9
AU
Pro Medicus Ltd
ASX:PME
14.4B AUD 36.7 60.8
JP
M3 Inc
TSE:2413
1T JPY 2.7 20.8
SE
Sectra AB
STO:SECT B
50.7B SEK 26.3 94.4
US
Waystar Holding Corp
NASDAQ:WAY
4.9B USD 1.2 42.9
US
Doximity Inc
NYSE:DOCS
4.6B USD 4.7 19.1
US
Vocera Communications Inc
F:V00
2.4B EUR 17.2 -328
CN
Winning Health Technology Group Co Ltd
SZSE:300253
19.1B CNY 3.3 -61.9
P/E Multiple
Earnings Growth PEG
AU
CogState Ltd
ASX:CGS
Average P/E: 63.8
26.9
23%
1.2
JP
Medical Data Vision Co Ltd
TSE:3902
227.5
62%
3.7
US
C
Cerner Corp
LSE:0R00
53.1
N/A N/A
US
Veeva Systems Inc
NYSE:VEEV
28.9
27%
1.1
AU
Pro Medicus Ltd
ASX:PME
60.8
29%
2.1
JP
M3 Inc
TSE:2413
20.8
16%
1.3
SE
Sectra AB
STO:SECT B
94.4
14%
6.7
US
W
Waystar Holding Corp
NASDAQ:WAY
42.9
55%
0.8
US
Doximity Inc
NYSE:DOCS
19.1
15%
1.3
US
V
Vocera Communications Inc
F:V00
Negative Multiple: -328 N/A N/A
CN
Winning Health Technology Group Co Ltd
SZSE:300253
Negative Multiple: -61.9
69%
N/A

Market Distribution

Higher than 76% of companies in Australia
Percentile
76th
Based on 2 062 companies
76th percentile
5.6
Low
0 — 1.6
Typical Range
1.6 — 4.3
High
4.3 —
Distribution Statistics
Australia
Min 0
30th Percentile 1.6
Median 2.7
70th Percentile 4.3
Max 2 199.4

CogState Ltd
Glance View

Market Cap
417.2m AUD
Industry
Health Care

Cogstate Ltd. is a global cognitive science company. The firm provides computerized cognitive tests across various domains and support electronic clinical outcome assessment (eCOA) solutions. The firm's segment includes Clinical trials, Healthcare and Research. In the Clinical trials segment, the Company's technology and associated services are used to quantify the effect of disease and of drugs, devices or other interventions on human subjects participating in clinical trials primarily conducted by pharmaceutical and biotechnology companies. In the Healthcare segment, the technology and associated services are being developed as a tool for primary care physicians to assess cognitive decline. Research segment offers various research studies and academic collaborations across various indication of diseases.

CGS Intrinsic Value
2.07 AUD
Overvaluation 15%
Intrinsic Value
Price AU$2.44
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