The Trade Desk, Inc.

XTRA:TT8 Stock Report

Market Cap: €58.1b

Trade Desk Valuation

Is TT8 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-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 TT8 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TT8 (€119) is trading above our estimate of fair value (€106.05)

Significantly Below Fair Value: TT8 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TT8?

Key metric: As TT8 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for TT8. This is calculated by dividing TT8's market cap by their current revenue.
What is TT8's PS Ratio?
PS Ratio26.5x
SalesUS$2.31b
Market CapUS$61.15b

Price to Sales Ratio vs Peers

How does TT8's PS Ratio compare to its peers?

The above table shows the PS ratio for TT8 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.7x
SAX Ströer SE KGaA
1.3x7.7%€2.7b
M8G Verve Group
1.9x12.6%€714.6m
G24 Scout24
10.7x8.0%€6.1b
IFS Infas Holding
1xn/a€61.2m
TT8 Trade Desk
26.5x17.7%€61.2b

Price-To-Sales vs Peers: TT8 is expensive based on its Price-To-Sales Ratio (26.5x) compared to the peer average (3.7x).

Price to Sales Ratio vs Industry

How does TT8's PS Ratio compare vs other companies in the DE Media Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
SBV Schwabenverlag
0.1xn/aUS$1.46m
53Y Bonhill Group
0.02xn/aUS$398.20k
69R Aventura Group
0.09xn/aUS$242.86k
No more companies available in this PS range
TT8 26.5xIndustry Avg. 0.6xNo. of Companies3PS00.61.21.82.43+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: TT8 is expensive based on its Price-To-Sales Ratio (26.5x) compared to the European Media industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

What is TT8'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.

TT8 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio26.5x
Fair PS Ratio11.1x

Price-To-Sales vs Fair Ratio: TT8 is expensive based on its Price-To-Sales Ratio (26.5x) compared to the estimated Fair Price-To-Sales Ratio (11.1x).

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 TT8 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€119.00
€120.23
+1.0%
21.4%€142.62€38.03n/a32
Nov ’25€110.74
€107.65
-2.8%
21.7%€137.91€36.78n/a32
Oct ’25€97.19
€98.05
+0.9%
20.0%€121.96€36.14n/a30
Sep ’25€93.78
€95.83
+2.2%
20.4%€120.95€34.94n/a28
Aug ’25€82.15
€93.95
+14.4%
19.5%€111.20€36.14n/a29
Jul ’25€91.04
€92.57
+1.7%
19.4%€107.16€34.48n/a29
Jun ’25€84.81
€90.73
+7.0%
20.3%€105.81€32.20n/a27
May ’25€78.44
€87.26
+11.2%
20.9%€105.93€32.24n/a27
Apr ’25€81.49
€87.13
+6.9%
20.6%€105.16€32.00n/a28
Mar ’25€77.87
€87.43
+12.3%
21.3%€106.12€27.68n/a28
Feb ’25€62.10
€71.62
+15.3%
20.8%€91.90€27.57n/a29
Jan ’25€66.42
€68.72
+3.5%
21.9%€90.58€27.17n/a28
Dec ’24€65.47
€67.41
+3.0%
24.4%€91.64€27.49n/a28
Nov ’24€66.98
€81.18
+21.2%
24.7%€98.47€26.26€110.7428
Oct ’24€74.28
€81.66
+9.9%
25.2%€99.41€26.51€97.1927
Sep ’24€74.60
€79.01
+5.9%
25.6%€96.78€25.81€93.7826
Aug ’24€82.66
€71.04
-14.1%
26.9%€95.25€25.40€82.1525
Jul ’24€71.48
€66.41
-7.1%
21.9%€81.93€25.49€91.0422
Jun ’24€67.84
€66.62
-1.8%
21.9%€83.65€24.16€84.8122
May ’24€58.79
€61.52
+4.6%
22.4%€82.34€23.79€78.4421
Apr ’24€56.18
€62.24
+10.8%
21.9%€83.39€24.09€81.4922
Mar ’24€51.96
€64.95
+25.0%
19.6%€84.89€25.47€77.8721
Feb ’24€46.03
€54.83
+19.1%
22.8%€82.97€24.89€62.1021
Jan ’24€42.04
€57.54
+36.9%
21.0%€84.76€25.43€66.4220
Dec ’23€49.90
€60.66
+21.6%
20.7%€86.82€26.05€65.4717
Nov ’23€54.14
€79.96
+47.7%
14.6%€101.46€60.88€66.9816

Analyst Forecast: Target price is less than 20% higher than the current share price.

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