Catapult Group International Ltd

ASX:CAT Stock Report

Market Cap: AU$916.1m

Catapult Group International Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: CAT (A$3.5) is trading above our estimate of fair value (A$2.43)

Significantly Below Fair Value: CAT is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for CAT. This is calculated by dividing CAT's market cap by their current revenue.
What is CAT's PS Ratio?
PS Ratio5.5x
SalesUS$108.09m
Market CapUS$595.65m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for CAT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.1x
RUL RPMGlobal Holdings
7x10.4%AU$693.3m
BVS Bravura Solutions
2.7x2.0%AU$672.5m
FCL FINEOS Corporation Holdings
3.5x8.5%AU$703.7m
HSN Hansen Technologies
3.1x5.5%AU$1.1b
CAT Catapult Group International
5.5x14.4%AU$916.1m

Price-To-Sales vs Peers: CAT is expensive based on its Price-To-Sales Ratio (5.5x) compared to the peer average (4.1x).

Price to Sales Ratio vs Industry

How does CAT'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
CAT 5.5xIndustry Avg. 2.9xNo. of Companies19PS02.85.68.411.214+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CAT is expensive based on its Price-To-Sales Ratio (5.5x) compared to the Australian Software industry average (2.9x).

Price to Sales Ratio vs Fair Ratio

What is CAT'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.

CAT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.5x
Fair PS Ratio3.4x

Price-To-Sales vs Fair Ratio: CAT is expensive based on its Price-To-Sales Ratio (5.5x) compared to the estimated Fair Price-To-Sales Ratio (3.4x).

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 CAT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$3.50
AU$3.46
-1.2%
5.1%AU$3.73AU$3.30n/a4
Nov ’25AU$2.73
AU$2.67
-2.1%
8.4%AU$2.91AU$2.40n/a4
Oct ’25AU$2.44
AU$2.54
+4.1%
8.7%AU$2.91AU$2.35n/a4
Sep ’25AU$2.12
AU$2.39
+12.7%
17.4%AU$2.91AU$1.75n/a4
Aug ’25AU$2.07
AU$2.39
+15.5%
17.4%AU$2.91AU$1.75n/a4
Jul ’25AU$1.79
AU$2.29
+27.9%
19.6%AU$2.91AU$1.75n/a4
Jun ’25AU$1.90
AU$2.29
+20.8%
19.6%AU$2.91AU$1.75n/a4
May ’25AU$1.38
AU$2.07
+49.6%
31.4%AU$3.16AU$1.50n/a4
Apr ’25AU$1.55
AU$1.97
+26.8%
35.4%AU$3.16AU$1.50n/a4
Mar ’25AU$1.26
AU$1.95
+54.6%
36.3%AU$3.16AU$1.43n/a4
Feb ’25AU$1.28
AU$1.95
+52.1%
36.3%AU$3.16AU$1.43n/a4
Jan ’25AU$1.38
AU$1.95
+41.1%
36.3%AU$3.16AU$1.43n/a4
Dec ’24AU$1.32
AU$1.88
+42.6%
34.7%AU$3.16AU$1.35n/a5
Nov ’24AU$0.89
AU$1.83
+105.6%
35.4%AU$3.10AU$1.35AU$2.735
Oct ’24AU$1.07
AU$1.83
+71.0%
35.4%AU$3.10AU$1.35AU$2.445
Sep ’24AU$1.07
AU$1.83
+71.8%
35.4%AU$3.10AU$1.35AU$2.125
Aug ’24AU$1.19
AU$1.83
+53.8%
35.4%AU$3.10AU$1.35AU$2.075
Jul ’24AU$0.99
AU$1.79
+80.1%
39.2%AU$3.16AU$1.20AU$1.795
Jun ’24AU$1.04
AU$1.79
+72.3%
39.2%AU$3.16AU$1.20AU$1.905
May ’24AU$0.81
AU$1.64
+104.0%
48.9%AU$3.16AU$0.90AU$1.385
Apr ’24AU$0.67
AU$1.64
+146.9%
48.9%AU$3.16AU$0.90AU$1.555
Mar ’24AU$0.72
AU$1.83
+152.7%
41.0%AU$3.16AU$0.90AU$1.265
Feb ’24AU$0.69
AU$1.86
+167.9%
43.2%AU$3.31AU$0.90AU$1.285
Jan ’24AU$0.73
AU$1.86
+155.1%
43.2%AU$3.31AU$0.90AU$1.385
Dec ’23AU$0.80
AU$1.86
+132.8%
43.2%AU$3.31AU$0.90AU$1.325
Nov ’23AU$0.87
AU$2.07
+137.5%
44.0%AU$3.73AU$1.00AU$0.895

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

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