FINEOS Corporation Holdings plc

ASX:FCL Stock Report

Market Cap: AU$656.3m

FINEOS Corporation Holdings Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: FCL (A$1.94) is trading below our estimate of fair value (A$3.84)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for FCL. This is calculated by dividing FCL's market cap by their current revenue.
What is FCL's PS Ratio?
PS Ratio3.2x
Sales€122.24m
Market Cap€393.42m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for FCL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.7x
RUL RPMGlobal Holdings
6.4x10.4%AU$644.5m
IFM Infomedia
3.6x6.8%AU$507.8m
CAT Catapult Group International
5.1x14.6%AU$887.2m
BVS Bravura Solutions
3.7x1.0%AU$932.5m
FCL FINEOS Corporation Holdings
3.2x8.4%AU$656.3m

Price-To-Sales vs Peers: FCL is good value based on its Price-To-Sales Ratio (3.2x) compared to the peer average (4.7x).

Price to Sales Ratio vs Industry

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

12 CompaniesPrice / SalesEstimated GrowthMarket Cap
MOQ MOQ
0.3xn/aUS$15.57m
NOV Novatti Group
0.3x9.4%US$8.43m
NET Netlinkz
0.6xn/aUS$7.76m
99L 99 Loyalty
0.3x25.1%US$7.80m
FCL 3.2xIndustry Avg. 3.1xNo. of Companies23PS02.85.68.411.214+
12 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: FCL is expensive based on its Price-To-Sales Ratio (3.2x) compared to the Australian Software industry average (3.1x).

Price to Sales Ratio vs Fair Ratio

What is FCL'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.

FCL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.2x
Fair PS Ratio5x

Price-To-Sales vs Fair Ratio: FCL is good value based on its Price-To-Sales Ratio (3.2x) compared to the estimated Fair Price-To-Sales Ratio (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 FCL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$1.94
AU$2.19
+12.8%
22.6%AU$3.10AU$1.65n/a6
Dec ’25AU$1.96
AU$2.13
+8.8%
22.6%AU$3.10AU$1.65n/a6
Nov ’25AU$1.37
AU$2.10
+54.0%
23.6%AU$3.10AU$1.65n/a6
Oct ’25AU$1.46
AU$2.16
+48.6%
24.2%AU$3.10AU$1.65n/a5
Sep ’25AU$1.30
AU$2.21
+70.2%
21.8%AU$3.10AU$1.70n/a5
Aug ’25AU$1.69
AU$2.36
+39.9%
16.4%AU$3.10AU$1.95n/a5
Jul ’25AU$1.73
AU$2.34
+35.9%
16.8%AU$3.10AU$1.95n/a5
Jun ’25AU$1.60
AU$2.32
+45.6%
15.6%AU$3.10AU$1.95n/a6
May ’25AU$1.80
AU$2.32
+29.0%
15.6%AU$3.10AU$1.95n/a6
Apr ’25AU$1.69
AU$2.32
+37.4%
15.6%AU$3.10AU$1.95n/a6
Mar ’25AU$1.73
AU$2.49
+43.8%
13.2%AU$3.10AU$2.20n/a6
Feb ’25AU$2.01
AU$2.60
+29.1%
10.5%AU$3.10AU$2.20n/a6
Jan ’25AU$1.91
AU$2.60
+35.9%
10.5%AU$3.10AU$2.20n/a6
Dec ’24AU$1.68
AU$2.35
+40.1%
28.0%AU$3.10AU$0.86AU$1.967
Nov ’24AU$1.65
AU$2.35
+42.3%
28.0%AU$3.10AU$0.86AU$1.377
Oct ’24AU$2.00
AU$2.38
+18.8%
29.2%AU$3.30AU$0.86AU$1.467
Sep ’24AU$2.01
AU$2.44
+21.2%
29.1%AU$3.30AU$0.86AU$1.307
Aug ’24AU$2.33
AU$2.34
+0.4%
34.3%AU$3.30AU$0.86AU$1.698
Jul ’24AU$2.22
AU$2.16
-2.5%
37.8%AU$3.40AU$0.86AU$1.738
Jun ’24AU$1.72
AU$2.15
+25.2%
38.3%AU$3.40AU$0.86AU$1.608
May ’24AU$1.62
AU$2.15
+32.9%
38.3%AU$3.40AU$0.86AU$1.808
Apr ’24AU$1.34
AU$2.01
+49.6%
41.5%AU$3.40AU$0.96AU$1.698
Mar ’24AU$1.29
AU$2.14
+66.2%
37.8%AU$3.40AU$0.96AU$1.738
Feb ’24AU$1.90
AU$2.64
+38.9%
32.0%AU$3.75AU$0.96AU$2.018
Jan ’24AU$1.53
AU$2.55
+67.0%
35.6%AU$3.75AU$0.96AU$1.918
Dec ’23AU$1.65
AU$2.55
+54.8%
35.6%AU$3.75AU$0.96AU$1.688

Analyst Forecast: Target price is less than 20% higher 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
Earnings2023/12/31
Annual Earnings2023/12/31

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

FINEOS Corporation Holdings plc is covered by 11 analysts. 6 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
Siraj AhmedCitigroup Inc
Chris GawlerGoldman Sachs