MicroStrategy Incorporated

BRSE:MIGA Stock Report

Market Cap: CHF 70.3b

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 (CHF315.83) is trading above our estimate of fair value (CHF151.7)

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 Ratio20.9x
BookUS$3.77b
Market CapUS$78.75b

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 Average15.1x
TEMN Temenos
9.5x11.6%CHF 4.6b
CDNS Cadence Design Systems
18.1x13.9%US$82.7b
SNPS Synopsys
8.5x13.0%US$76.1b
ADSK Autodesk
24.5x14.3%US$64.1b
MIGA MicroStrategy
20.9x67.6%CHF 78.8b

Price-To-Book vs Peers: MIGA is expensive based on its Price-To-Book Ratio (20.9x) compared to the peer average (15.1x).

Price to Book Ratio vs Industry

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

35 CompaniesPrice / BookEstimated GrowthMarket Cap
MIGA 20.9xIndustry Avg. 2.6xNo. of Companies48PB02.44.87.29.612+
35 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: MIGA is expensive based on its Price-To-Book Ratio (20.9x) compared to the European Software industry average (2.6x).

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 Ratio20.9x
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 315.83
CHF 463.84
+46.9%
22.9%CHF 581.28CHF 189.69n/a9
Dec ’25CHF 348.41
CHF 436.90
+25.4%
28.7%CHF 576.54CHF 188.14n/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 44.66CHF 348.414
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

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

DataLast Updated (UTC time)
Company Analysis2024/12/22 07:12
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

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

MicroStrategy Incorporated is covered by 29 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
Ramsey El-AssalBarclays
Mark PalmerBenchmark Company