Coveo Solutions Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: CVO (CA$10.18) is trading above our estimate of fair value (CA$4.64)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

CVO 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/Revenue5.4x
Enterprise Value/EBITDA-26.5x
PEG Ration/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for CVO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average6.1x
BITF Bitfarms
5x58.9%CA$1.1b
DND Dye & Durham
2.3x3.4%CA$1.0b
CMG Computer Modelling Group
8.6x19.4%CA$823.1m
DCBO Docebo
8.4x17.6%CA$2.1b
CVO Coveo Solutions
6.7x16.2%CA$1.1b

Price-To-Sales vs Peers: CVO is expensive based on its Price-To-Sales Ratio (6.7x) compared to the peer average (6.1x).


Price to Earnings Ratio vs Industry

How does CVO's PE Ratio compare vs other companies in the CA Software Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.9%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.9%
n/an/an/a
No more companies

Price-To-Sales vs Industry: CVO is expensive based on its Price-To-Sales Ratio (6.7x) compared to the Canadian Software industry average (3.2x).


Price to Sales Ratio vs Fair Ratio

What is CVO'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.

CVO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.7x
Fair PS Ratio5.4x

Price-To-Sales vs Fair Ratio: CVO is expensive based on its Price-To-Sales Ratio (6.7x) compared to the estimated Fair Price-To-Sales Ratio (5.4x).


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 CVO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$10.18
CA$13.70
+34.5%
8.8%CA$15.06CA$11.03n/a10
Mar ’25CA$11.51
CA$13.69
+19.0%
8.8%CA$15.04CA$11.02n/a10
Feb ’25CA$9.90
CA$12.91
+30.4%
11.0%CA$14.07CA$9.76n/a10
Jan ’25CA$9.60
CA$12.82
+33.5%
10.3%CA$14.00CA$9.85n/a10
Dec ’24CA$10.19
CA$12.81
+25.7%
10.5%CA$14.00CA$9.86n/a10
Nov ’24CA$10.19
CA$13.21
+29.6%
7.3%CA$14.35CA$11.34n/a10
Oct ’24CA$10.21
CA$12.99
+27.3%
7.6%CA$14.11CA$11.08n/a10
Sep ’24CA$11.73
CA$12.86
+9.6%
7.2%CA$14.14CA$11.14n/a10
Aug ’24CA$11.34
CA$10.95
-3.5%
13.8%CA$13.03CA$7.29n/a10
Jul ’24CA$8.26
CA$10.90
+31.9%
13.7%CA$12.84CA$7.42n/a9
Jun ’24CA$8.05
CA$10.90
+35.4%
13.7%CA$12.87CA$7.44n/a9
May ’24CA$6.45
CA$11.18
+73.3%
7.8%CA$12.92CA$10.07n/a9
Apr ’24CA$7.80
CA$11.24
+44.1%
7.8%CA$12.98CA$10.12n/a9
Mar ’24CA$7.85
CA$11.07
+41.1%
8.5%CA$13.01CA$10.01CA$11.518
Feb ’24CA$9.16
CA$9.45
+3.1%
15.0%CA$10.97CA$6.72CA$9.908
Jan ’24CA$9.08
CA$8.80
-3.1%
17.2%CA$11.17CA$6.85CA$9.608
Dec ’23CA$7.57
CA$8.48
+12.0%
15.0%CA$11.03CA$6.76CA$10.198
Nov ’23CA$5.46
CA$9.80
+79.6%
22.9%CA$13.75CA$6.88CA$10.198
Oct ’23CA$6.05
CA$9.94
+64.3%
23.4%CA$13.00CA$6.51CA$10.218
Sep ’23CA$5.65
CA$9.94
+75.9%
23.4%CA$13.00CA$6.51CA$11.738
Aug ’23CA$5.76
CA$9.55
+65.9%
24.5%CA$12.95CA$5.97CA$11.348
Jul ’23CA$5.02
CA$9.65
+92.3%
24.2%CA$13.04CA$6.05CA$8.268
Jun ’23CA$6.32
CA$13.85
+119.2%
25.7%CA$17.83CA$7.77CA$8.058
May ’23CA$8.06
CA$16.13
+100.1%
13.4%CA$18.14CA$12.11CA$6.457
Apr ’23CA$9.72
CA$15.74
+61.9%
13.6%CA$17.69CA$11.79CA$7.807
Mar ’23CA$9.58
CA$16.33
+70.4%
12.6%CA$18.07CA$12.04CA$7.857

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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