MicroStrategy Incorporated

BRSE:MIGA Stock Report

Market Cap: CHF 68.8b

MicroStrategy Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: MIGA (CHF365.84) is trading above our estimate of fair value (CHF194.16)

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

Key Valuation Metric

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

Key metric: As MIGA barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for MIGA. This is calculated by dividing MIGA's market cap by their current book value.
What is MIGA's PB Ratio?
PB Ratio23.1x
BookUS$3.77b
Market CapUS$77.98b

Price to Book Ratio vs Peers

How does MIGA's PB Ratio compare to its peers?

The above table shows the PB ratio for MIGA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average11.7x
TEMN Temenos
9x11.4%CHF 4.3b
ADSK Autodesk
26.5x15.7%US$65.6b
ROP Roper Technologies
3.2x10.7%US$58.8b
WDAY Workday
8.2x13.4%US$68.6b
MIGA MicroStrategy
23.1x88.8%CHF 78.0b

Price-To-Book vs Peers: MIGA is expensive based on its Price-To-Book Ratio (23.1x) compared to the peer average (11.7x).

Price to Book Ratio vs Industry

How does MIGA's PB Ratio compare vs other companies in the European Software Industry?

31 CompaniesPrice / BookEstimated GrowthMarket Cap
MIGA 23.1xIndustry Avg. 2.7xNo. of Companies47PB02.44.87.29.612+
31 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: MIGA is expensive based on its Price-To-Book Ratio (23.1x) compared to the European Software industry average (2.7x).

Price to Book Ratio vs Fair Ratio

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

MIGA PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio23.1x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate MIGA's Price-To-Book 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 MIGA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 365.84
CHF 273.92
-25.1%
21.4%CHF 397.47CHF 187.35n/a9
Nov ’25CHF 213.70
CHF 242.43
+13.4%
14.6%CHF 271.63CHF 147.31n/a9
Oct ’25CHF 134.68
CHF 168.65
+25.2%
17.6%CHF 244.75CHF 143.30n/a9
Sep ’25CHF 114.00
CHF 170.95
+50.0%
17.5%CHF 245.00CHF 143.45n/a8
Aug ’25CHF 143.04
CHF 175.31
+22.6%
19.8%CHF 258.51CHF 144.26n/a7
Jul ’25CHF 124.94
CHF 175.31
+40.3%
19.8%CHF 258.51CHF 144.26n/a7
Jun ’25CHF 138.29
CHF 160.50
+16.1%
11.8%CHF 187.00CHF 132.46n/a5
May ’25CHF 103.88
CHF 120.50
+16.0%
41.1%CHF 172.36CHF 49.36n/a6
Apr ’25n/a
CHF 91.33
0%
44.6%CHF 160.49CHF 47.62n/a6
Mar ’25CHF 89.10
CHF 69.85
-21.6%
21.6%CHF 87.07CHF 47.23n/a6
Feb ’25CHF 44.37
CHF 54.52
+22.9%
15.6%CHF 68.60CHF 46.57n/a5
Jan ’25n/a
CHF 56.51
0%
13.5%CHF 66.77CHF 45.33n/a4
Dec ’24n/a
CHF 47.92
0%
4.0%CHF 49.47CHF 44.66n/a4
Nov ’24n/a
CHF 41.17
0%
22.7%CHF 46.89CHF 22.54CHF 213.705
Oct ’24n/a
CHF 39.38
0%
26.7%CHF 45.65CHF 18.43CHF 134.685
Sep ’24n/a
CHF 39.38
0%
26.7%CHF 45.65CHF 18.43CHF 114.005
Aug ’24n/a
CHF 37.03
0%
27.2%CHF 45.21CHF 18.26CHF 143.045
Jul ’24n/a
CHF 30.17
0%
33.1%CHF 38.54CHF 16.13CHF 124.943
Jun ’24n/a
CHF 30.17
0%
33.1%CHF 38.54CHF 16.13CHF 138.293
May ’24n/a
CHF 30.17
0%
33.1%CHF 38.54CHF 16.13CHF 103.883
Apr ’24n/a
CHF 25.94
0%
42.9%CHF 37.05CHF 14.82n/a2
Mar ’24n/a
CHF 25.94
0%
42.9%CHF 37.05CHF 14.82CHF 89.102
Feb ’24n/a
CHF 23.35
0%
46.7%CHF 34.27CHF 12.44CHF 44.372
Jan ’24n/a
CHF 44.05
0%
73.5%CHF 87.67CHF 10.15n/a3
Dec ’23n/a
CHF 48.02
0%
69.9%CHF 93.61CHF 13.80n/a3
Nov ’23n/a
CHF 49.97
0%
65.9%CHF 95.13CHF 17.52n/a3

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

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