SEEK Limited

DB:SLD Stock Report

Market Cap: €6.0b

SEEK Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: SLD (€16.5) is trading below our estimate of fair value (€16.87)

Significantly Below Fair Value: SLD 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 SLD?

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

The above table shows the Price to Sales ratio for SLD. This is calculated by dividing SLD's market cap by their current revenue.
What is SLD's PS Ratio?
PS Ratio8.9x
SalesAU$1.08b
Market CapAU$9.64b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SLD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4x
G24 Scout24
10.7x8.0%€6.2b
NWO New Work
1.2x-4.1%€367.0m
SB1 Smartbroker Holding
2.5x8.5%€125.2m
YOC YOC
1.5x13.1%€53.5m
SLD SEEK
8.9x7.9%€9.6b

Price-To-Sales vs Peers: SLD is expensive based on its Price-To-Sales Ratio (8.9x) compared to the peer average (4x).

Price to Sales Ratio vs Industry

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

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
SLD 8.9xIndustry Avg. 1.5xNo. of Companies12PS01.63.24.86.48+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SLD is expensive based on its Price-To-Sales Ratio (8.9x) compared to the European Interactive Media and Services industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

What is SLD'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.

SLD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio8.9x
Fair PS Ratio3.3x

Price-To-Sales vs Fair Ratio: SLD is expensive based on its Price-To-Sales Ratio (8.9x) compared to the estimated Fair Price-To-Sales Ratio (3.3x).

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 SLD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€16.50
€15.60
-5.5%
15.7%€18.64€11.81n/a13
Nov ’25€14.50
€15.04
+3.7%
15.4%€17.91€11.65n/a13
Oct ’25€15.10
€14.47
-4.2%
13.5%€17.27€11.72n/a13
Sep ’25€14.00
€14.00
+0.02%
13.4%€16.94€11.50n/a14
Aug ’25€13.40
€14.80
+10.4%
14.1%€18.71€12.07n/a14
Jul ’25€12.90
€16.35
+26.8%
11.7%€19.11€12.33n/a14
Jun ’25€13.60
€16.15
+18.7%
12.5%€18.85€11.55n/a14
May ’25€14.60
€16.15
+10.6%
12.5%€18.85€11.55n/a14
Apr ’25€14.90
€16.09
+8.0%
12.5%€18.80€11.52n/a14
Mar ’25€15.50
€16.09
+3.8%
12.5%€18.80€11.52n/a14
Feb ’25€14.90
€16.20
+8.8%
9.8%€18.07€11.60n/a13
Jan ’25€16.30
€15.81
-3.0%
10.0%€17.48€11.45n/a13
Dec ’24€14.20
€15.81
+11.3%
10.0%€17.48€11.45n/a13
Nov ’24€12.30
€15.25
+24.0%
11.1%€17.42€11.22€14.5014
Oct ’24€13.40
€15.25
+13.8%
11.1%€17.42€11.22€15.1014
Sep ’24€13.70
€15.25
+11.3%
11.1%€17.42€11.22€14.0014
Aug ’24€15.10
€16.16
+7.0%
11.5%€18.81€12.56€13.4014
Jul ’24€13.20
€16.24
+23.1%
12.6%€20.32€12.67€12.9014
Jun ’24€14.30
€16.83
+17.7%
13.4%€21.44€12.80€13.6015
May ’24€14.60
€16.57
+13.5%
13.8%€20.80€12.42€14.6015
Apr ’24€14.70
€17.02
+15.8%
12.6%€21.52€13.97€14.9014
Mar ’24€15.10
€17.43
+15.4%
13.8%€22.33€13.43€15.5015
Feb ’24€15.60
€17.40
+11.5%
17.3%€22.72€12.62€14.9015
Jan ’24€13.30
€17.45
+31.2%
17.0%€22.62€13.34€16.3015
Dec ’23€14.70
€17.45
+18.7%
17.5%€22.65€13.36€14.2015
Nov ’23€14.20
€17.63
+24.1%
17.1%€22.44€13.23€12.3015

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

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