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Nitro Software Valuation

Is NTO 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-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 NTO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NTO (A$2.19) is trading below our estimate of fair value (A$2.87)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

NTO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5x
Enterprise Value/EBITDA-10.6x
PEG Ration/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for NTO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.7x
IFM Infomedia
4.9x7.8%AU$665.7m
FCL FINEOS Corporation Holdings
2.8x9.8%AU$570.1m
RDY ReadyTech Holdings
3.6x11.3%AU$383.2m
NXL Nuix
3.7x8.0%AU$698.8m
NTO Nitro Software
5.4x14.5%AU$540.5m

Price-To-Sales vs Peers: NTO is expensive based on its Price-To-Sales Ratio (5.4x) compared to the peer average (4.1x).


Price to Earnings Ratio vs Industry

How does NTO's PE Ratio compare vs other companies in the AU Software Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a33.6%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a33.6%
n/an/an/a
No more companies

Price-To-Sales vs Industry: NTO is expensive based on its Price-To-Sales Ratio (5.4x) compared to the Australian Software industry average (2.8x)


Price to Sales Ratio vs Fair Ratio

What is NTO'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.

NTO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.4x
Fair PS Ratio5.8x

Price-To-Sales vs Fair Ratio: NTO is good value based on its Price-To-Sales Ratio (5.4x) compared to the estimated Fair Price-To-Sales Ratio (5.8x).


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 NTO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
AU$2.27
0%
13.8%AU$2.89AU$2.00n/a5
Mar ’25n/a
AU$2.27
0%
13.8%AU$2.89AU$2.00n/a5
Feb ’25n/a
AU$2.27
0%
13.8%AU$2.89AU$2.00n/a5
Jan ’25n/a
AU$2.27
0%
13.8%AU$2.89AU$2.00n/a5
Dec ’24n/a
AU$2.27
0%
13.8%AU$2.89AU$2.00n/a5
Nov ’24n/a
AU$2.27
0%
13.8%AU$2.89AU$2.00n/a5
Oct ’24n/a
AU$2.27
0%
13.8%AU$2.89AU$2.00n/a5
Sep ’24n/a
AU$2.27
0%
13.8%AU$2.89AU$2.00n/a5
Aug ’24n/a
AU$2.27
0%
13.8%AU$2.89AU$2.00n/a5
Jul ’24n/a
AU$2.27
0%
13.8%AU$2.89AU$2.00n/a5
Jun ’24n/a
AU$2.27
0%
13.8%AU$2.89AU$2.00n/a5
May ’24n/a
AU$2.27
0%
13.8%AU$2.89AU$2.00n/a5
Apr ’24AU$2.19
AU$2.25
+2.9%
12.7%AU$2.87AU$2.00n/a6
Mar ’24AU$2.18
AU$2.19
+0.4%
16.3%AU$2.87AU$1.67n/a6
Feb ’24AU$2.14
AU$2.11
-1.5%
16.9%AU$2.77AU$1.59n/a6
Jan ’24AU$2.22
AU$2.10
-5.3%
18.9%AU$2.90AU$1.67n/a6
Dec ’23AU$2.10
AU$2.09
-0.5%
18.6%AU$2.88AU$1.69n/a6
Nov ’23AU$2.07
AU$2.10
+1.2%
24.4%AU$3.06AU$1.41n/a6
Oct ’23AU$1.61
AU$1.94
+20.8%
24.1%AU$2.84AU$1.31n/a6
Sep ’23AU$1.59
AU$1.92
+21.4%
25.4%AU$2.86AU$1.32n/a6
Aug ’23AU$1.11
AU$2.30
+108.5%
33.5%AU$3.72AU$1.29n/a8
Jul ’23AU$1.34
AU$2.67
+99.5%
18.5%AU$3.61AU$1.97n/a8
Jun ’23AU$1.39
AU$2.73
+96.7%
18.5%AU$3.70AU$2.02n/a8
May ’23AU$1.37
AU$2.75
+100.4%
19.8%AU$3.67AU$2.01n/a8
Apr ’23AU$1.46
AU$3.10
+112.1%
36.0%AU$5.89AU$2.23AU$2.198
Mar ’23AU$1.46
AU$3.51
+140.5%
30.7%AU$6.11AU$2.56AU$2.188

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


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