Udemy, Inc.

DB:7WH Stock Report

Market Cap: €862.5m

Udemy Valuation

Is 7WH 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-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 7WH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€5.78
Fair Value
6.7% undervalued intrinsic discount
12
Number of Analysts

Below Fair Value: 7WH (€5.39) is trading below our estimate of fair value (€5.78)

Significantly Below Fair Value: 7WH is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 7WH?

Key metric: As 7WH is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 7WH. This is calculated by dividing 7WH's market cap by their current revenue.
What is 7WH's PS Ratio?
PS Ratio1.3x
SalesUS$790.02m
Market CapUS$968.24m

Price to Sales Ratio vs Peers

How does 7WH's PS Ratio compare to its peers?

The above table shows the PS ratio for 7WH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.2x
123F 123fahrschule
1x11.7%€18.3m
TIMA ZEAL Network
4.8x9.6%€997.8m
9JK International School Augsburg -ISA- gemeinnützige
0.5x7.2%€3.9m
IFA LS Invest
2.5xn/a€315.8m
7WH Udemy
1.3x5.4%€968.2m

Price-To-Sales vs Peers: 7WH is good value based on its Price-To-Sales Ratio (1.3x) compared to the peer average (2.2x).

Price to Sales Ratio vs Industry

How does 7WH's PS Ratio compare vs other companies in the European Consumer Services Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
7WH 1.3xIndustry Avg. 0.9xNo. of Companies11PS012345+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 7WH is expensive based on its Price-To-Sales Ratio (1.3x) compared to the European Consumer Services industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

What is 7WH'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.

7WH PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.3x
Fair PS Ratio1.1x

Price-To-Sales vs Fair Ratio: 7WH is expensive based on its Price-To-Sales Ratio (1.3x) compared to the estimated Fair Price-To-Sales Ratio (1.1x).

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 7WH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.39
€8.30
+54.0%
21.0%€10.79€5.75n/a12
May ’26€5.67
€8.55
+50.9%
21.4%€12.27€6.20n/a12
Apr ’26€6.96
€10.01
+43.8%
16.7%€12.85€7.34n/a12
Mar ’26€9.00
€10.40
+15.6%
16.7%€13.35€7.63n/a12
Feb ’26€7.14
€10.00
+40.0%
15.3%€12.99€7.20n/a12
Jan ’26€7.60
€10.54
+38.6%
26.7%€18.90€7.09n/a13
Dec ’25€7.40
€10.35
+39.7%
27.4%€18.39€6.90n/a12
Nov ’25€7.33
€10.30
+40.5%
27.2%€18.42€6.91n/a12
Oct ’25€6.61
€10.80
+63.5%
30.7%€17.91€6.72n/a12
Sep ’25€7.27
€11.13
+53.0%
28.6%€18.14€7.26n/a12
Aug ’25€6.63
€11.73
+77.0%
27.3%€18.53€7.88n/a11
Jul ’25€7.95
€13.59
+71.0%
19.0%€18.59€10.23n/a11
Jun ’25n/a
€13.59
0%
19.0%€18.59€10.23n/a11
May ’25€9.39
€14.05
+49.7%
18.1%€18.65€10.26€5.6711
Apr ’25€10.30
€14.16
+37.5%
15.2%€18.50€11.10€6.9612
Mar ’25€10.30
€14.16
+37.5%
15.2%€18.50€11.10€9.0012
Feb ’25€12.40
€14.60
+17.7%
17.7%€20.22€10.11€7.1412
Jan ’25€13.50
€13.38
-0.9%
22.8%€20.00€9.09€7.6012
Dec ’24€13.50
€13.62
+0.9%
22.6%€20.59€9.36€7.4012
Nov ’24€8.30
€12.61
+51.9%
23.1%€20.63€9.38€7.3312
Oct ’24€8.65
€12.57
+45.3%
23.7%€20.37€9.26€6.6111
Sep ’24€9.45
€12.57
+33.0%
23.7%€20.37€9.26€7.2711
Aug ’24€10.70
€13.19
+23.3%
34.7%€25.76€9.20€6.6311
Jul ’24€9.80
€13.19
+34.6%
34.7%€25.76€9.20€7.9511
Jun ’24€9.30
€13.36
+43.6%
33.3%€25.54€9.12n/a12
May ’24€7.85
€15.25
+94.2%
32.0%€29.17€9.12€9.3912
AnalystConsensusTarget
Consensus Narrative from 12 Analysts
€7.48
Fair Value
28.0% undervalued intrinsic discount
12
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.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/08 23:26
End of Day Share Price 2025/05/08 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Udemy, Inc. is covered by 17 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jeffrey MeulerBaird
Phillip LeytesBerenberg
Curtis NagleBofA Global Research