Taboola.com Ltd.

DB:1FY Stock Report

Market Cap: €1.2b

Taboola.com Valuation

Is 1FY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 1FY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1FY (€3.38) is trading below our estimate of fair value (€14.45)

Significantly Below Fair Value: 1FY is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1FY?

Key metric: As 1FY is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 1FY. This is calculated by dividing 1FY's market cap by their current revenue.
What is 1FY's PS Ratio?
PS Ratio0.7x
SalesUS$1.69b
Market CapUS$1.21b

Price to Sales Ratio vs Peers

How does 1FY's PS Ratio compare to its peers?

The above table shows the PS ratio for 1FY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4x
NWO New Work
1.2x-4.1%€367.0m
G24 Scout24
10.7x8.0%€6.2b
SB1 Smartbroker Holding
2.5x8.5%€125.2m
YOC YOC
1.5x13.1%€53.5m
1FY Taboola.com
0.7x13.2%€1.2b

Price-To-Sales vs Peers: 1FY is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (4x).

Price to Sales Ratio vs Industry

How does 1FY's PS Ratio compare vs other companies in the European Interactive Media and Services Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
1FY 0.7xIndustry Avg. 1.5xNo. of Companies12PS01.63.24.86.48+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 1FY is good value based on its Price-To-Sales Ratio (0.7x) compared to the European Interactive Media and Services industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

What is 1FY'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.

1FY PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.7x
Fair PS Ratio1.6x

Price-To-Sales vs Fair Ratio: 1FY is good value based on its Price-To-Sales Ratio (0.7x) compared to the estimated Fair Price-To-Sales Ratio (1.6x).

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 1FY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€3.38
€5.09
+50.5%
8.8%€5.72€4.77n/a6
Nov ’25€3.00
€5.04
+68.0%
9.1%€5.50€4.58n/a6
Oct ’25€2.80
€5.04
+80.0%
9.1%€5.50€4.58n/a6
Sep ’25€3.06
€5.04
+64.7%
9.1%€5.50€4.58n/a6
Aug ’25€2.98
€5.30
+78.0%
6.6%€5.54€4.61n/a6
Jul ’25€3.08
€5.49
+78.2%
3.1%€5.56€5.10n/a6
Jun ’25€3.62
€5.49
+51.6%
3.1%€5.56€5.10n/a6
May ’25€3.86
€5.49
+42.2%
4.8%€5.61€4.90n/a6
Feb ’25€4.36
€5.23
+19.9%
6.6%€5.45€4.54n/a6
Jan ’25€3.80
€5.23
+37.5%
6.6%€5.45€4.54n/a6
Dec ’24€3.28
€5.14
+56.6%
9.1%€5.60€4.67n/a6
Nov ’24€3.34
€5.19
+55.5%
9.1%€5.67€4.72€3.006
Oct ’24€3.50
€5.19
+48.4%
9.1%€5.67€4.72€2.806
Sep ’24€3.42
€4.96
+45.1%
8.5%€5.46€4.55€3.066
Aug ’24€3.22
€4.72
+46.4%
16.4%€5.48€3.19€2.986
Jul ’24€2.78
€4.72
+69.6%
16.4%€5.48€3.19€3.086
Jun ’24€2.66
€4.76
+79.0%
17.8%€5.50€3.21€3.625
May ’24€2.02
€4.89
+142.1%
14.4%€5.64€3.76€3.865
Apr ’24€2.42
€4.89
+102.1%
14.4%€5.64€3.76€3.985
Mar ’24€2.82
€4.57
+62.0%
22.1%€5.67€2.84€3.926
Feb ’24€3.56
€4.28
+20.4%
29.5%€5.66€2.12€4.366
Jan ’24n/a
€4.28
0%
29.5%€5.66€2.12€3.806
Dec ’23n/a
€4.24
0%
34.6%€5.81€2.18€3.286
Nov ’23n/a
€6.27
0%
27.6%€9.02€3.51€3.346

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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