Snap Inc.

SWX:SNAP Stock Report

Market Cap: CHF 15.8b

Snap Valuation

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

Below Fair Value: SNAP (CHF13) is trading below our estimate of fair value (CHF30.95)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SNAP. This is calculated by dividing SNAP's market cap by their current revenue.
What is SNAP's PS Ratio?
PS Ratio3.4x
SalesUS$5.17b
Market CapUS$17.78b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SNAP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average7.4x
4689 LY
1.6x5.8%JP¥2.9t
PINS Pinterest
5.6x13.1%US$19.1b
REA REA Group
19.6x7.1%AU$31.9b
A035420 NAVER
2.9x8.7%₩28.8t
SNAP Snap
3.4x11.8%CHF 17.8b

Price-To-Sales vs Peers: SNAP is good value based on its Price-To-Sales Ratio (3.4x) compared to the peer average (7.3x).

Price to Sales Ratio vs Industry

How does SNAP's PS Ratio compare vs other companies in the European Interactive Media and Services Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
SNAP 3.4xIndustry Avg. 1.6xNo. of Companies11PS01.63.24.86.48+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SNAP is expensive based on its Price-To-Sales Ratio (3.4x) compared to the European Interactive Media and Services industry average (1.6x).

Price to Sales Ratio vs Fair Ratio

What is SNAP'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.

SNAP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.4x
Fair PS Ratio4.2x

Price-To-Sales vs Fair Ratio: SNAP is good value based on its Price-To-Sales Ratio (3.4x) compared to the estimated Fair Price-To-Sales Ratio (4.2x).

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 SNAP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 13.00
CHF 11.42
-12.1%
17.4%CHF 15.77CHF 7.89n/a34
Nov ’25CHF 13.00
CHF 11.23
-13.6%
17.0%CHF 15.54CHF 7.77n/a34
Oct ’25CHF 13.00
CHF 10.95
-15.8%
16.3%CHF 15.25CHF 6.78n/a34
Sep ’25CHF 13.00
CHF 11.27
-13.3%
14.9%CHF 15.34CHF 8.10n/a32
Aug ’25CHF 13.00
CHF 13.76
+5.9%
14.0%CHF 17.83CHF 8.92n/a33
Jul ’25CHF 13.00
CHF 13.75
+5.7%
15.1%CHF 18.06CHF 9.03n/a32
Jun ’25CHF 13.00
CHF 13.76
+5.8%
15.1%CHF 18.11CHF 9.06n/a32
May ’25CHF 13.00
CHF 13.81
+6.3%
15.2%CHF 18.38CHF 9.19n/a33
Apr ’25CHF 13.00
CHF 11.90
-8.5%
18.8%CHF 17.55CHF 7.02n/a33
Mar ’25CHF 13.00
CHF 11.90
-8.5%
19.0%CHF 17.59CHF 7.04n/a33
Feb ’25CHF 13.00
CHF 12.83
-1.3%
30.6%CHF 19.87CHF 6.48n/a33
Jan ’25CHF 13.00
CHF 10.96
-15.7%
38.0%CHF 19.87CHF 6.05n/a32
Dec ’24CHF 13.00
CHF 9.06
-30.3%
21.7%CHF 13.91CHF 6.09n/a31
Nov ’24CHF 13.00
CHF 9.32
-28.3%
19.6%CHF 13.62CHF 6.35CHF 13.0031
Oct ’24CHF 13.00
CHF 9.13
-29.8%
23.2%CHF 14.59CHF 5.93CHF 13.0031
Sep ’24CHF 13.00
CHF 9.16
-29.5%
24.0%CHF 14.13CHF 5.74CHF 13.0032
Aug ’24CHF 13.00
CHF 9.00
-30.8%
24.1%CHF 13.91CHF 5.65CHF 13.0032
Jul ’24CHF 13.00
CHF 8.75
-32.7%
22.8%CHF 14.57CHF 5.92CHF 13.0032
Jun ’24CHF 13.00
CHF 8.75
-32.7%
24.6%CHF 14.48CHF 5.88CHF 13.0031
May ’24CHF 13.00
CHF 8.77
-32.5%
24.9%CHF 14.34CHF 5.83CHF 13.0031
Apr ’24CHF 13.00
CHF 9.81
-24.5%
22.4%CHF 14.65CHF 6.41CHF 13.0032
Mar ’24CHF 13.00
CHF 9.99
-23.1%
26.5%CHF 18.49CHF 6.47CHF 13.0032
Feb ’24CHF 13.00
CHF 9.91
-23.8%
32.2%CHF 20.90CHF 6.36CHF 13.0032
Jan ’24CHF 13.00
CHF 10.63
-18.3%
40.2%CHF 25.08CHF 6.50CHF 13.0033
Dec ’23CHF 13.00
CHF 11.37
-12.5%
39.9%CHF 26.70CHF 6.92CHF 13.0033
Nov ’23CHF 12.38
CHF 11.50
-7.1%
39.8%CHF 26.86CHF 6.96CHF 13.0033

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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