Computershare Limited

BRSE:QCH Stock Report

Market Cap: CHF 11.1b

Computershare Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of QCH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: QCH (CHF18.6) is trading below our estimate of fair value (CHF38.19)

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

Key Valuation Metric

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

Key metric: As QCH is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for QCH. This is calculated by dividing QCH's market cap by their current earnings.
What is QCH's PE Ratio?
PE Ratio24.9x
EarningsUS$492.86m
Market CapUS$12.38b

Price to Earnings Ratio vs Peers

How does QCH's PE Ratio compare to its peers?

The above table shows the PE ratio for QCH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.3x
SGSN SGS
30.8x12.0%CHF 16.9b
ADEN Adecco Group
13x17.6%CHF 3.6b
SSNC SS&C Technologies Holdings
26x14.3%US$18.2b
G Genpact
11.3x-0.3%US$7.4b
QCH Computershare
24.9x8.6%CHF 19.8b

Price-To-Earnings vs Peers: QCH is expensive based on its Price-To-Earnings Ratio (24.9x) compared to the peer average (20.4x).

Price to Earnings Ratio vs Industry

How does QCH's PE Ratio compare vs other companies in the European Professional Services Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
QCH 24.9xIndustry Avg. 18.6xNo. of Companies12PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: QCH is expensive based on its Price-To-Earnings Ratio (24.9x) compared to the European Professional Services industry average (18.9x).

Price to Earnings Ratio vs Fair Ratio

What is QCH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

QCH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate QCH's Price-To-Earnings Fair Ratio for valuation analysis.

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 QCH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
CHF 17.95
0%
6.1%CHF 19.72CHF 15.77n/a13
Dec ’25n/a
CHF 17.86
0%
5.7%CHF 19.54CHF 15.94n/a13
Nov ’25n/a
CHF 17.01
0%
5.3%CHF 18.43CHF 15.18n/a13
Oct ’25n/a
CHF 16.55
0%
5.0%CHF 17.88CHF 14.73n/a13
Sep ’25n/a
CHF 16.46
0%
6.1%CHF 17.90CHF 13.99n/a14
Aug ’25n/a
CHF 16.99
0%
5.9%CHF 18.85CHF 14.73n/a14
Jul ’25n/a
CHF 17.02
0%
5.8%CHF 19.09CHF 14.92n/a14
Jun ’25n/a
CHF 17.17
0%
5.3%CHF 18.50CHF 15.19n/a14
May ’25n/a
CHF 16.97
0%
5.5%CHF 18.32CHF 15.06n/a14
Apr ’25n/a
CHF 16.62
0%
5.6%CHF 18.20CHF 14.96n/a13
Mar ’25n/a
CHF 16.13
0%
5.5%CHF 17.73CHF 14.58n/a13
Feb ’25n/a
CHF 15.96
0%
7.6%CHF 18.23CHF 13.58n/a12
Jan ’25n/a
CHF 15.99
0%
8.0%CHF 18.49CHF 13.78n/a12
Dec ’24n/a
CHF 16.07
0%
7.9%CHF 18.62CHF 13.88n/a12
Nov ’24n/a
CHF 16.33
0%
7.6%CHF 18.70CHF 14.16n/a11
Oct ’24n/a
CHF 15.74
0%
8.3%CHF 18.76CHF 14.01n/a11
Sep ’24n/a
CHF 15.15
0%
7.8%CHF 18.31CHF 13.67n/a13
Aug ’24n/a
CHF 15.30
0%
8.3%CHF 19.13CHF 13.88n/a13
Jul ’24n/a
CHF 15.41
0%
9.1%CHF 19.57CHF 13.51n/a13
Jun ’24n/a
CHF 15.52
0%
9.5%CHF 19.89CHF 13.30n/a13
May ’24n/a
CHF 16.58
0%
10.9%CHF 21.16CHF 13.38n/a13
Apr ’24n/a
CHF 17.48
0%
10.8%CHF 21.71CHF 13.80n/a13
Mar ’24n/a
CHF 17.97
0%
8.9%CHF 22.10CHF 15.46n/a14
Feb ’24n/a
CHF 18.43
0%
8.9%CHF 22.77CHF 15.66n/a14
Jan ’24n/a
CHF 19.27
0%
10.4%CHF 24.54CHF 15.85n/a14
Dec ’23n/a
CHF 19.74
0%
10.4%CHF 25.14CHF 16.24n/a14

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 11:53
End of Day Share Price 2024/12/06 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

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

Computershare Limited is covered by 29 analysts. 12 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
Andrew AdamsBarrenjoey Markets Pty Limited
Benjamin BrayshawBarrenjoey Markets Pty Limited