Bigtincan Holdings Limited

ASX:BTH Stock Report

Market Cap: AU$143.8m

Bigtincan Holdings Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: BTH (A$0.17) is trading below our estimate of fair value (A$0.3)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for BTH. This is calculated by dividing BTH's market cap by their current revenue.
What is BTH's PS Ratio?
PS Ratio1.2x
SalesAU$116.69m
Market CapAU$143.79m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for BTH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.6x
EOL Energy One
3.5x11.1%AU$185.4m
CCR Credit Clear
3.5x11.9%AU$149.3m
COS COSOL
1.5x11.2%AU$147.3m
DUG DUG Technology
2.1x12.3%AU$214.9m
BTH Bigtincan Holdings
1.2x1.1%AU$143.8m

Price-To-Sales vs Peers: BTH is good value based on its Price-To-Sales Ratio (1.2x) compared to the peer average (2.6x).

Price to Sales Ratio vs Industry

How does BTH's PS Ratio compare vs other companies in the AU Software Industry?

15 CompaniesPrice / SalesEstimated GrowthMarket Cap
ADA Adacel Technologies
0.6x10.4%US$18.61m
MOQ MOQ
0.3xn/aUS$15.57m
DUB Dubber
0.5xn/aUS$11.44m
NOV Novatti Group
0.3x9.4%US$8.72m
BTH 1.2xIndustry Avg. 2.9xNo. of Companies19PS02.85.68.411.214+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: BTH is good value based on its Price-To-Sales Ratio (1.2x) compared to the Australian Software industry average (2.9x).

Price to Sales Ratio vs Fair Ratio

What is BTH'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.

BTH PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.2x
Fair PS Ratio3.5x

Price-To-Sales vs Fair Ratio: BTH is good value based on its Price-To-Sales Ratio (1.2x) compared to the estimated Fair Price-To-Sales Ratio (3.5x).

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 BTH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$0.17
AU$0.17
+3.0%
35.3%AU$0.23AU$0.11n/a2
Nov ’25AU$0.18
AU$0.17
-5.6%
35.3%AU$0.23AU$0.11n/a2
Oct ’25AU$0.16
AU$0.15
-3.1%
29.0%AU$0.20AU$0.11n/a2
Sep ’25AU$0.14
AU$0.25
+85.2%
60.0%AU$0.40AU$0.10n/a2
Aug ’25AU$0.11
AU$0.25
+127.3%
60.0%AU$0.40AU$0.10n/a2
Jul ’25AU$0.10
AU$0.25
+138.1%
60.0%AU$0.40AU$0.10n/a2
Jun ’25AU$0.14
AU$0.39
+178.6%
2.6%AU$0.40AU$0.38n/a2
May ’25AU$0.14
AU$0.39
+169.0%
2.6%AU$0.40AU$0.38n/a2
Apr ’25AU$0.15
AU$0.39
+151.6%
2.6%AU$0.40AU$0.38n/a2
Mar ’25AU$0.20
AU$0.39
+90.2%
2.6%AU$0.40AU$0.38n/a2
Feb ’25AU$0.19
AU$0.56
+197.4%
29.2%AU$0.73AU$0.40n/a2
Jan ’25AU$0.20
AU$0.56
+182.5%
29.2%AU$0.73AU$0.40n/a2
Dec ’24AU$0.17
AU$0.56
+222.9%
29.2%AU$0.73AU$0.40n/a2
Nov ’24AU$0.26
AU$0.77
+194.2%
4.6%AU$0.80AU$0.73AU$0.182
Oct ’24AU$0.36
AU$0.77
+109.6%
4.6%AU$0.80AU$0.73AU$0.162
Sep ’24AU$0.38
AU$0.97
+160.0%
2.6%AU$1.00AU$0.95AU$0.142
Aug ’24AU$0.45
AU$0.97
+116.7%
2.6%AU$1.00AU$0.95AU$0.112
Jul ’24AU$0.51
AU$0.97
+91.2%
2.6%AU$1.00AU$0.95AU$0.102
Jun ’24AU$0.54
AU$0.97
+82.2%
2.6%AU$1.00AU$0.95AU$0.142
May ’24AU$0.41
AU$0.97
+140.7%
2.6%AU$1.00AU$0.95AU$0.142
Apr ’24AU$0.40
AU$0.97
+146.8%
2.6%AU$1.00AU$0.95AU$0.152
Mar ’24AU$0.48
AU$0.97
+103.1%
2.6%AU$1.00AU$0.95AU$0.202
Feb ’24AU$0.54
AU$1.05
+94.4%
4.8%AU$1.10AU$1.00AU$0.192
Jan ’24AU$0.53
AU$1.20
+126.4%
16.7%AU$1.40AU$1.00AU$0.202
Dec ’23AU$0.68
AU$1.28
+87.5%
9.8%AU$1.40AU$1.15AU$0.172
Nov ’23AU$0.68
AU$1.28
+87.5%
9.8%AU$1.40AU$1.15AU$0.262

Analyst Forecast: Target price is less than 20% higher than the current share price.

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