DocMorris Valuation

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

Discounted Cash Flow

Simply Wall St

CHF 93.08

Fair Value

78.7% undervalued

Number of Analysts

Below Fair Value: DOCM (CHF19.86) is trading below our estimate of fair value (CHF93.08)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for DOCM. This is calculated by dividing DOCM's market cap by their current revenue.
What is DOCM's PS Ratio?
PS Ratio	0.3x
Sales	CHF 1.00b
Market Cap	CHF 259.49m

DOCM 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/Revenue	0.5x
Enterprise Value/EBITDA	-7.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for DOCM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	n/a

Price-To-Sales vs Peers: DOCM is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.4x).

Price to Sales Ratio vs Industry

How does DOCM's PS Ratio compare vs other companies in the Consumer Retailing Industry?

0 Companies	Price / Sales	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: DOCM is good value based on its Price-To-Sales Ratio (0.3x) compared to the European Consumer Retailing industry average (0.4x).

Price to Sales Ratio vs Fair Ratio

What is DOCM'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.

DOCM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.3x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate DOCM's Price-To-Sales 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 DOCM forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CHF 19.86	CHF 35.92 +80.8%	37.3%	CHF 60.00	CHF 20.00	n/a	12
Jan ’26	CHF 19.98	CHF 46.92 +134.8%	31.9%	CHF 75.00	CHF 25.00	n/a	12
Dec ’25	CHF 30.00	CHF 52.33 +74.4%	33.6%	CHF 90.00	CHF 25.00	n/a	12
Nov ’25	CHF 34.58	CHF 52.50 +51.8%	33.3%	CHF 90.00	CHF 25.00	n/a	12
Oct ’25	CHF 36.70	CHF 65.92 +79.6%	40.0%	CHF 125.00	CHF 27.00	n/a	12
Sep ’25	CHF 38.70	CHF 78.00 +101.6%	35.5%	CHF 125.00	CHF 27.00	n/a	12
Aug ’25	CHF 44.54	CHF 88.50 +98.7%	28.2%	CHF 125.00	CHF 29.00	n/a	12
Jul ’25	CHF 52.70	CHF 98.58 +87.1%	26.3%	CHF 130.00	CHF 29.00	n/a	12
Jun ’25	CHF 67.25	CHF 99.24 +47.6%	25.5%	CHF 130.00	CHF 31.90	n/a	12
May ’25	CHF 82.05	CHF 99.24 +21.0%	25.5%	CHF 130.00	CHF 31.90	n/a	12
Apr ’25	CHF 90.55	CHF 88.91 -1.8%	26.5%	CHF 115.00	CHF 29.00	n/a	11
Mar ’25	CHF 78.20	CHF 77.92 -0.4%	28.8%	CHF 105.00	CHF 29.00	n/a	12
Feb ’25	CHF 78.95	CHF 77.92 -1.3%	28.8%	CHF 105.00	CHF 29.00	CHF 19.86	12
Jan ’25	CHF 73.75	CHF 69.00 -6.4%	31.9%	CHF 102.00	CHF 29.00	CHF 19.98	12
Dec ’24	CHF 59.50	CHF 62.27 +4.7%	31.4%	CHF 95.00	CHF 29.00	CHF 30.00	11
Nov ’24	CHF 37.52	CHF 62.27 +66.0%	31.4%	CHF 95.00	CHF 29.00	CHF 34.58	11
Oct ’24	CHF 50.80	CHF 64.86 +27.7%	30.1%	CHF 95.00	CHF 29.50	CHF 36.70	11
Sep ’24	CHF 59.45	CHF 62.38 +4.9%	32.8%	CHF 95.00	CHF 29.50	CHF 38.70	12
Aug ’24	CHF 53.30	CHF 52.50 -1.5%	27.0%	CHF 80.00	CHF 27.00	CHF 44.54	12
Jul ’24	CHF 39.02	CHF 51.25 +31.3%	27.5%	CHF 80.00	CHF 27.00	CHF 52.70	12
Jun ’24	CHF 30.58	CHF 53.08 +73.6%	23.4%	CHF 80.00	CHF 37.00	CHF 67.25	12
May ’24	CHF 38.94	CHF 53.62 +37.7%	23.1%	CHF 80.00	CHF 31.00	CHF 82.05	13
Apr ’24	CHF 42.18	CHF 54.62 +29.5%	22.7%	CHF 80.00	CHF 31.00	CHF 90.55	13
Mar ’24	CHF 48.84	CHF 54.33 +11.2%	19.3%	CHF 71.00	CHF 31.00	CHF 78.20	12
Feb ’24	CHF 33.40	CHF 37.96 +13.6%	61.4%	CHF 106.00	CHF 19.00	CHF 78.95	12

Analyst Price Target

Consensus Narrative from 12 Analysts

CHF 35.92

Fair Value

44.7% undervalued

Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/31 18:45
End of Day Share Price	2025/01/31 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

DocMorris AG is covered by 21 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Volker Bosse	Baader Helvea Equity Research
Gerhard Orgonas	Berenberg
Ashley Wallace	BofA Global Research