Roku, Inc.

DB:R35 Stock Report

Market Cap: €11.6b

Roku Valuation

Is R35 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 R35 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: R35 (€78.94) is trading below our estimate of fair value (€129.53)

Significantly Below Fair Value: R35 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for R35?

Key metric: As R35 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for R35. This is calculated by dividing R35's market cap by their current revenue.
What is R35's PS Ratio?
PS Ratio3.1x
SalesUS$3.90b
Market CapUS$12.12b

Price to Sales Ratio vs Peers

How does R35's PS Ratio compare to its peers?

The above table shows the PS ratio for R35 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.7x
EVD CTS Eventim KGaA
3x6.8%€7.9b
BVB Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien
0.6x0.8%€351.6m
EDL Edel SE KGaA
0.4x3.6%€95.7m
G24 Scout24
10.9x8.1%€6.3b
R35 Roku
3.1x11.5%€12.1b

Price-To-Sales vs Peers: R35 is good value based on its Price-To-Sales Ratio (3.1x) compared to the peer average (3.7x).

Price to Sales Ratio vs Industry

How does R35's PS Ratio compare vs other companies in the European Entertainment Industry?

37 CompaniesPrice / SalesEstimated GrowthMarket Cap
R35 3.1xIndustry Avg. 1.5xNo. of Companies37PS01.63.24.86.48+
37 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: R35 is expensive based on its Price-To-Sales Ratio (3.1x) compared to the European Entertainment industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

What is R35'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.

R35 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.1x
Fair PS Ratio3.6x

Price-To-Sales vs Fair Ratio: R35 is good value based on its Price-To-Sales Ratio (3.1x) compared to the estimated Fair Price-To-Sales Ratio (3.6x).

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 R35 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€78.94
€74.60
-5.5%
18.2%€94.79€47.40n/a25
Dec ’25€64.32
€74.62
+16.0%
17.7%€96.03€48.02n/a25
Nov ’25€60.97
€71.53
+17.3%
17.1%€91.94€45.97n/a24
Oct ’25€67.74
€64.71
-4.5%
21.2%€94.30€44.91n/a24
Sep ’25€60.50
€60.99
+0.8%
20.1%€93.82€44.68n/a23
Aug ’25€53.79
€67.23
+25.0%
21.0%€96.88€46.14n/a22
Jul ’25€57.58
€67.73
+17.6%
20.5%€97.18€46.28n/a22
Jun ’25€53.58
€70.15
+30.9%
21.1%€97.62€46.49n/a23
May ’25€56.62
€70.57
+24.6%
20.8%€97.93€46.64n/a24
Apr ’25€61.32
€76.36
+24.5%
22.5%€109.61€45.67n/a23
Mar ’25€57.96
€77.75
+34.1%
21.8%€110.74€46.14n/a23
Feb ’25€82.37
€83.32
+1.2%
17.6%€110.80€58.17n/a24
Jan ’25€84.78
€80.43
-5.1%
19.4%€108.96€45.40n/a27
Dec ’24€95.00
€77.63
-18.3%
18.0%€104.68€45.52€64.3226
Nov ’24€62.74
€77.88
+24.1%
20.2%€108.82€47.32€60.9725
Oct ’24€66.04
€80.74
+22.3%
19.2%€108.88€47.34€67.7427
Sep ’24€75.10
€73.77
-1.8%
17.8%€91.97€45.99€60.5026
Aug ’24€89.26
€70.43
-21.1%
16.9%€86.39€45.47€53.7927
Jul ’24€58.80
€63.53
+8.1%
16.9%€82.46€37.56€57.5826
Jun ’24€54.69
€62.78
+14.8%
18.4%€82.04€37.37€53.5825
May ’24€51.21
€62.78
+22.6%
18.4%€82.04€37.37€56.6225
Apr ’24€59.80
€65.39
+9.3%
19.1%€82.97€33.19€61.3223
Mar ’24€59.52
€66.44
+11.6%
19.3%€84.16€33.66€57.9624
Feb ’24€53.25
€52.75
-0.9%
26.0%€74.13€27.80€82.3724
Jan ’24€37.15
€58.20
+56.7%
25.0%€87.17€38.74€84.7824
Dec ’23€57.20
€58.20
+1.8%
25.0%€87.17€38.74€95.0024

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/17 05:31
End of Day Share Price 2024/12/17 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 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

Roku, Inc. is covered by 45 analysts. 29 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard KramerArete Research Services LLP
David MakArete Research Services LLP
Vikram KesavabhotlaBaird