Storytel AB (publ)

DB:DST Stock Report

Market Cap: €403.1m

Storytel Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: DST (€5.15) is trading below our estimate of fair value (€18.25)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for DST. This is calculated by dividing DST's market cap by their current revenue.
What is DST's PS Ratio?
PS Ratio1.2x
SalesSEK 3.72b
Market CapSEK 4.64b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for DST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.5x
BST Bastei Lübbe
1.1x2.9%€129.4m
M8G Verve Group
2x12.6%€764.1m
BVB Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien
0.6x0.8%€351.0m
MF8 Cash.Medien
2.2xn/a€4.4m
DST Storytel
1.2x9.4%€4.6b

Price-To-Sales vs Peers: DST is good value based on its Price-To-Sales Ratio (1.2x) compared to the peer average (1.5x).

Price to Sales Ratio vs Industry

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

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
53Y Bonhill Group
0.02xn/aUS$398.20k
69R Aventura Group
0.09xn/aUS$242.86k
No more companies available in this PS range
DST 1.2xIndustry Avg. 0.7xNo. of Companies3PS00.61.21.82.43+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: DST is expensive based on its Price-To-Sales Ratio (1.2x) compared to the European Media industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is DST'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.

DST PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.2x
Fair PS Ratio1.3x

Price-To-Sales vs Fair Ratio: DST is good value based on its Price-To-Sales Ratio (1.2x) compared to the estimated Fair Price-To-Sales Ratio (1.3x).

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 DST forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.15
€8.25
+60.3%
15.8%€9.55€6.95n/a2
Nov ’25€5.61
€8.25
+47.1%
15.8%€9.55€6.95n/a2
Oct ’25€4.57
€7.89
+72.9%
12.4%€8.87€6.92n/a2
Sep ’25€4.42
€7.53
+70.4%
8.6%€8.18€6.88n/a2
Aug ’25€5.29
€7.53
+42.5%
8.6%€8.18€6.88n/a2
Jul ’25€4.72
€6.46
+36.9%
28.6%€8.37€3.96n/a3
Jun ’25€4.68
€6.31
+34.7%
28.6%€8.14€3.85n/a3
May ’25€4.27
€6.27
+47.1%
28.7%€8.32€3.94n/a3
Apr ’25€4.44
€6.27
+41.2%
28.7%€8.32€3.94n/a3
Mar ’25€5.15
€6.37
+23.7%
28.7%€8.45€4.00n/a3
Feb ’25€4.00
€5.73
+43.2%
24.8%€7.38€3.91n/a3
Jan ’25€3.66
€5.73
+56.5%
24.8%€7.38€3.91n/a3
Dec ’24€3.33
€5.73
+72.3%
24.8%€7.38€3.91n/a3
Nov ’24€2.75
€5.59
+103.0%
24.8%€7.20€3.81€5.613
Oct ’24€2.59
€5.55
+114.8%
23.0%€6.70€3.77€4.573
Sep ’24€2.74
€5.55
+102.9%
23.0%€6.70€3.77€4.423
Aug ’24€3.28
€6.00
+83.3%
21.0%€7.33€4.31€5.293
Jul ’24€2.81
€6.00
+113.5%
21.0%€7.33€4.31€4.723
Jun ’24€3.03
€6.17
+103.9%
20.9%€7.60€4.47€4.683
May ’24€3.43
€6.45
+87.9%
17.9%€7.48€4.84€4.273
Apr ’24€3.14
€7.30
+132.6%
24.1%€9.23€4.97€4.443
Mar ’24€3.80
€7.30
+92.1%
24.1%€9.23€4.97€5.153
Feb ’24€4.62
€7.93
+71.9%
19.3%€9.15€5.77€4.003
Jan ’24€3.95
€8.67
+119.2%
24.8%€11.25€5.99€3.663
Dec ’23€4.08
€8.67
+112.5%
24.8%€11.25€5.99€3.333
Nov ’23€3.58
€10.76
+200.7%
18.6%€12.74€8.02€2.753

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

Discover undervalued companies

illumin Holdings

CA$92.0m

A technology company, provides digital media solutions in the United States, Canada, Europe, Latin America, and internationally.

K3S0

CA$1.20

7D

3.4%

1Y

24.4%

Obiz

€24.9m

Provides relationship marketing and customer loyalty solutions in France and internationally.

2GD

€4.04

7D

-5.2%

1Y

-27.1%

RTL Group

€3.7b

An entertainment company, operates television (TV) channels and radio stations, and provides streaming services in Germany, France, the Netherlands, Belgium, the United Kingdom, the United States, and internationally.

RRTL

€24.00

7D

-1.8%

1Y

-27.4%