Nitro Software Limited

CHIA:NTO Stock Report

Market Cap: AU$540.5m

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This company may still be operating, however this listing is no longer active. Find out why through their latest events.

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$2.2) 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?

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

The above table shows the Price to Sales ratio for NTO. This is calculated by dividing NTO's market cap by their current revenue.
What is NTO's PS Ratio?
PS Ratio5.4x
SalesUS$66.80m
Market CapUS$361.43m

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 Average3.2x
IFM Infomedia
3.5x7.10%AU$494.4m
FCL FINEOS Corporation Holdings
3.6x5.66%AU$826.0m
RDY ReadyTech Holdings
2.4x10.50%AU$280.9m
NXL Nuix
3.5x15.30%AU$793.8m
NTO Nitro Software
5.4x14.47%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 Sales Ratio vs Industry

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

14 CompaniesPrice / SalesEstimated GrowthMarket Cap
MOQ MOQ
0.3xn/aUS$15.57m
BEO Beonic
0.6xn/aUS$9.12m
ODA Orcoda
0.7xn/aUS$8.99m
NOV Novatti Group
0.3xn/aUS$7.67m
NTO 5.4xIndustry Avg. 3.4xNo. of Companies21PS02.85.68.411.214+
14 CompaniesEstimated GrowthMarket Cap
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%
13.85%AU$2.89AU$2.00n/a5
May ’26n/a
AU$2.27
0%
13.85%AU$2.89AU$2.00n/a5
Apr ’26n/a
AU$2.27
0%
13.85%AU$2.89AU$2.00n/a5
Mar ’26n/a
AU$2.27
0%
13.85%AU$2.89AU$2.00n/a5
Feb ’26n/a
AU$2.27
0%
13.85%AU$2.89AU$2.00n/a5
Jan ’26n/a
AU$2.27
0%
13.85%AU$2.89AU$2.00n/a5
Dec ’25n/a
AU$2.27
0%
13.85%AU$2.89AU$2.00n/a5
Nov ’25n/a
AU$2.27
0%
13.85%AU$2.89AU$2.00n/a5
Oct ’25n/a
AU$2.27
0%
13.85%AU$2.89AU$2.00n/a5
Sep ’25n/a
AU$2.27
0%
13.85%AU$2.89AU$2.00n/a5
Aug ’25n/a
AU$2.27
0%
13.85%AU$2.89AU$2.00n/a5
Jul ’25n/a
AU$2.27
0%
13.85%AU$2.89AU$2.00n/a5
Jun ’25n/a
AU$2.27
0%
13.85%AU$2.89AU$2.00n/a5
May ’25n/a
AU$2.27
0%
13.85%AU$2.89AU$2.00n/a5
Apr ’25n/a
AU$2.27
0%
13.85%AU$2.89AU$2.00n/a5
Mar ’25n/a
AU$2.27
0%
13.85%AU$2.89AU$2.00n/a5
Feb ’25n/a
AU$2.27
0%
13.85%AU$2.89AU$2.00n/a5
Jan ’25n/a
AU$2.27
0%
13.85%AU$2.89AU$2.00n/a5
Dec ’24n/a
AU$2.27
0%
13.85%AU$2.89AU$2.00n/a5
Nov ’24n/a
AU$2.27
0%
13.85%AU$2.89AU$2.00n/a5
Oct ’24n/a
AU$2.27
0%
13.85%AU$2.89AU$2.00n/a5
Sep ’24n/a
AU$2.27
0%
13.85%AU$2.89AU$2.00n/a5
Aug ’24n/a
AU$2.27
0%
13.85%AU$2.89AU$2.00n/a5
Jul ’24n/a
AU$2.27
0%
13.85%AU$2.89AU$2.00n/a5
Jun ’24n/a
AU$2.27
0%
13.85%AU$2.89AU$2.00n/a5
May ’24n/a
AU$2.27
0%
13.85%AU$2.89AU$2.00n/a5

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 Analysis2023/04/12 19:00
End of Day Share Price 2023/04/11 00:00
Earnings2022/12/31
Annual Earnings2022/12/31

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.

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 Github.

Analyst Sources

Nitro Software Limited is covered by 5 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Chris GawlerGoldman Sachs
Matthew JohnstonJarden Limited
James BalesMorgan Stanley