SThree plc

DB:S8T Stock Report

Market Cap: €475.7m

SThree Valuation

Is S8T 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 S8T when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: S8T (€3.36) is trading above our estimate of fair value (€2.76)

Significantly Below Fair Value: S8T is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for S8T?

Key metric: As S8T is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for S8T. This is calculated by dividing S8T's market cap by their current earnings.
What is S8T's PE Ratio?
PE Ratio7x
EarningsUK£56.48m
Market CapUK£393.60m

Price to Earnings Ratio vs Peers

How does S8T's PE Ratio compare to its peers?

The above table shows the PE ratio for S8T vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.4x
AAD Amadeus FiRe
11.8x7.2%€413.4m
CWC CEWE Stiftung KGaA
11.2x2.2%€719.0m
BFSA Befesa
15x29.6%€830.4m
GBF Bilfinger
7.5x2.2%€1.7b
S8T SThree
7x-36.3%€393.6m

Price-To-Earnings vs Peers: S8T is good value based on its Price-To-Earnings Ratio (7x) compared to the peer average (11.4x).

Price to Earnings Ratio vs Industry

How does S8T's PE Ratio compare vs other companies in the European Professional Services Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
S8T 7.0xIndustry Avg. 18.6xNo. of Companies12PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: S8T is good value based on its Price-To-Earnings Ratio (7x) compared to the European Professional Services industry average (18.8x).

Price to Earnings Ratio vs Fair Ratio

What is S8T'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.

S8T PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7x
Fair PE Ratio4.5x

Price-To-Earnings vs Fair Ratio: S8T is expensive based on its Price-To-Earnings Ratio (7x) compared to the estimated Fair Price-To-Earnings Ratio (4.5x).

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 S8T forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€3.36
€4.41
+31.5%
17.0%€5.43€3.32n/a6
Dec ’25€4.29
€5.91
+37.9%
10.8%€6.58€5.03n/a6
Nov ’25€4.19
€5.95
+42.0%
10.3%€6.60€5.04n/a6
Oct ’25€4.50
€5.98
+32.9%
9.6%€6.60€5.04n/a6
Sep ’25€4.85
€5.97
+23.3%
10.3%€6.59€4.99n/a6
Aug ’25€4.91
€5.97
+21.8%
10.3%€6.59€4.99n/a6
Jul ’25€4.82
€6.25
+29.8%
10.1%€7.08€5.07n/a6
Jun ’25€5.12
€6.55
+27.9%
13.0%€8.10€5.05n/a7
May ’25€5.03
€6.52
+29.5%
13.5%€8.08€4.92n/a7
Apr ’25€5.02
€6.52
+29.8%
13.5%€8.08€4.92n/a7
Mar ’25€4.92
€6.47
+31.6%
15.1%€8.07€4.56n/a7
Feb ’25€4.74
€6.50
+37.1%
16.3%€8.09€4.57n/a6
Jan ’25€4.79
€6.51
+35.9%
16.5%€8.02€4.53€3.366
Dec ’24€4.69
€6.45
+37.6%
18.4%€7.96€4.50€4.296
Nov ’24€4.04
€6.45
+59.6%
18.4%€7.96€4.50€4.196
Oct ’24€4.23
€6.71
+58.8%
18.5%€8.03€4.54€4.506
Sep ’24€4.15
€6.71
+61.9%
18.5%€8.03€4.54€4.856
Aug ’24€4.11
€6.71
+63.5%
18.5%€8.03€4.54€4.916
Jul ’24€3.97
€6.71
+69.0%
18.5%€8.03€4.54€4.826
Jun ’24€4.33
€7.10
+64.0%
16.0%€8.26€5.13€5.126
May ’24€4.69
€7.10
+51.4%
16.0%€8.26€5.13€5.036
Apr ’24€4.74
€6.80
+43.4%
18.3%€8.22€5.10€5.027
Mar ’24€5.20
€6.71
+29.0%
20.7%€8.25€4.44€4.927
Feb ’24€4.78
€6.71
+40.3%
20.7%€8.25€4.44€4.747
Jan ’24€4.52
€6.84
+51.4%
20.7%€8.42€4.53€4.797

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 Analysis2025/01/01 14:35
End of Day Share Price 2024/12/30 00:00
Earnings2024/05/31
Annual Earnings2023/11/30

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

SThree plc is covered by 25 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James BaylissBerenberg
James GilbertCanaccord Genuity
Andrew SmithCharles Stanley Securities