Computershare Limited

ASX:CPU Stock Report

Market Cap: AU$19.7b

Computershare Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: CPU (A$33.58) is trading below our estimate of fair value (A$60.78)

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

Key Valuation Metric

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

Key metric: As CPU is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CPU. This is calculated by dividing CPU's market cap by their current earnings.
What is CPU's PE Ratio?
PE Ratio25x
EarningsUS$492.86m
Market CapUS$12.32b

Price to Earnings Ratio vs Peers

How does CPU's PE Ratio compare to its peers?

The above table shows the PE ratio for CPU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average36.6x
BXB Brambles
21.2x7.3%AU$26.4b
CWY Cleanaway Waste Management
38.2x16.0%AU$6.0b
DOW Downer EDI
64.2x22.0%AU$3.6b
IPH IPH
22.7x16.0%AU$1.4b
CPU Computershare
25x8.6%AU$19.7b

Price-To-Earnings vs Peers: CPU is good value based on its Price-To-Earnings Ratio (25x) compared to the peer average (36.6x).

Price to Earnings Ratio vs Industry

How does CPU's PE Ratio compare vs other companies in the Global Professional Services Industry?

22 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CPU 25.0xIndustry Avg. 19.9xNo. of Companies67PE01632486480+
22 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CPU is expensive based on its Price-To-Earnings Ratio (25x) compared to the Global Professional Services industry average (19.9x).

Price to Earnings Ratio vs Fair Ratio

What is CPU's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CPU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25x
Fair PE Ratio24x

Price-To-Earnings vs Fair Ratio: CPU is expensive based on its Price-To-Earnings Ratio (25x) compared to the estimated Fair Price-To-Earnings Ratio (24x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CPU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$33.58
AU$31.52
-6.1%
6.1%AU$34.62AU$27.69n/a13
Dec ’25AU$31.89
AU$31.00
-2.8%
5.7%AU$33.92AU$27.67n/a13
Nov ’25AU$26.22
AU$29.73
+13.4%
5.3%AU$32.21AU$26.54n/a13
Oct ’25AU$25.30
AU$28.50
+12.6%
5.0%AU$30.80AU$25.38n/a13
Sep ’25AU$28.43
AU$28.79
+1.3%
6.1%AU$31.31AU$24.48n/a14
Aug ’25AU$27.74
AU$29.26
+5.5%
5.9%AU$32.48AU$25.38n/a14
Jul ’25AU$26.47
AU$28.51
+7.7%
5.8%AU$31.98AU$25.00n/a14
Jun ’25AU$26.54
AU$28.24
+6.4%
5.3%AU$30.42AU$24.97n/a14
May ’25AU$26.74
AU$28.38
+6.1%
5.5%AU$30.63AU$25.18n/a14
Apr ’25AU$26.11
AU$28.32
+8.5%
5.6%AU$31.01AU$25.50n/a13
Mar ’25AU$25.89
AU$27.89
+7.7%
5.5%AU$30.66AU$25.21n/a13
Feb ’25AU$24.74
AU$28.11
+13.6%
7.6%AU$32.10AU$23.93n/a12
Jan ’25AU$24.39
AU$27.65
+13.4%
8.0%AU$31.97AU$23.83n/a12
Dec ’24AU$23.44
AU$27.65
+18.0%
7.9%AU$32.04AU$23.88AU$31.8912
Nov ’24AU$25.06
AU$28.61
+14.2%
7.6%AU$32.77AU$24.80AU$26.2211
Oct ’24AU$25.96
AU$27.13
+4.5%
8.3%AU$32.35AU$24.15AU$25.3011
Sep ’24AU$25.26
AU$26.81
+6.1%
7.8%AU$32.40AU$24.19AU$28.4313
Aug ’24AU$25.13
AU$26.43
+5.2%
8.3%AU$33.05AU$23.99AU$27.7413
Jul ’24AU$23.38
AU$25.77
+10.2%
9.1%AU$32.73AU$22.60AU$26.4713
Jun ’24AU$22.35
AU$26.30
+17.7%
9.5%AU$33.72AU$22.54AU$26.5413
May ’24AU$22.53
AU$27.90
+23.9%
10.9%AU$35.62AU$22.53AU$26.7413
Apr ’24AU$21.59
AU$28.59
+32.4%
10.8%AU$35.52AU$22.57AU$26.1113
Mar ’24AU$24.60
AU$28.49
+15.8%
8.9%AU$35.03AU$24.51AU$25.8914
Feb ’24AU$24.00
AU$28.52
+18.8%
8.9%AU$35.23AU$24.23AU$24.7414
Jan ’24AU$26.20
AU$31.17
+19.0%
10.4%AU$39.69AU$25.64AU$24.3914
Dec ’23AU$26.98
AU$31.28
+15.9%
10.4%AU$39.83AU$25.73AU$23.4414

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 21:27
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Computershare Limited is covered by 29 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russell WrightBarclay Pearce Capital Pty Limited
Andrew AdamsBarrenjoey Markets Pty Limited
Benjamin BrayshawBarrenjoey Markets Pty Limited