TeraWulf Inc.

BST:ZT8 Stock Report

Market Cap: €2.1b

TeraWulf Valuation

Is ZT8 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 ZT8 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate ZT8's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ZT8's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ZT8?

Key metric: As ZT8 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for ZT8. This is calculated by dividing ZT8's market cap by their current revenue.
What is ZT8's PS Ratio?
PS Ratio16.2x
SalesUS$128.35m
Market CapUS$2.13b

Price to Sales Ratio vs Peers

How does ZT8's PS Ratio compare to its peers?

The above table shows the PS ratio for ZT8 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average14.1x
AOF ATOSS Software
11x12.7%€1.8b
TMV TeamViewer
2.4x6.1%€1.6b
NB2 Northern Data
40.6x26.3%€3.1b
MUM Mensch und Maschine Software
2.6x2.5%€910.8m
ZT8 TeraWulf
16.2x30.1%€2.1b

Price-To-Sales vs Peers: ZT8 is expensive based on its Price-To-Sales Ratio (16.2x) compared to the peer average (14.1x).

Price to Sales Ratio vs Industry

How does ZT8's PS Ratio compare vs other companies in the DE Software Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
CSH CENIT
0.3x4.7%US$63.83m
CLIQ Cliq Digital
0.1x12.3%US$27.72m
LSX LS telcom
0.4x2.5%US$18.40m
8DQ GetSwift Technologies
0.07xn/aUS$2.53m
ZT8 16.2xIndustry Avg. 2.2xNo. of Companies7PS02.44.87.29.612+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ZT8 is expensive based on its Price-To-Sales Ratio (16.2x) compared to the German Software industry average (2.2x).

Price to Sales Ratio vs Fair Ratio

What is ZT8'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.

ZT8 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio16.2x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate ZT8's Price-To-Sales Fair Ratio for valuation analysis.

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 ZT8 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.30
€9.50
+79.3%
10.4%€10.63€7.25n/a9
Jan ’26€5.25
€9.56
+82.1%
7.3%€10.58€8.66n/a8
Dec ’25€6.85
€9.30
+35.8%
10.0%€10.56€7.68n/a8
Nov ’25€5.71
€6.48
+13.5%
20.5%€9.21€4.60n/a8
Oct ’25n/a
€5.92
0%
29.9%€9.02€2.71n/a8
Sep ’25n/a
€5.94
0%
31.3%€8.94€2.68n/a7
Aug ’25n/a
€6.30
0%
31.8%€9.21€2.76n/a6
Jul ’25n/a
€5.64
0%
32.6%€8.41€2.80n/a6
Jun ’25n/a
€3.34
0%
13.4%€3.88€2.77n/a6
May ’25n/a
€3.33
0%
13.4%€3.87€2.76n/a6
Apr ’25n/a
€3.39
0%
10.8%€3.66€2.75n/a5
Mar ’25n/a
€3.60
0%
12.6%€4.15€2.77n/a5
Feb ’25n/a
€3.38
0%
16.2%€4.11€2.74n/a5
Jan ’25n/a
€3.08
0%
14.4%€3.62€2.72€5.255
Dec ’24n/a
€3.03
0%
12.1%€3.68€2.76€6.855
Nov ’24n/a
€3.45
0%
14.8%€4.02€2.84€5.715
Oct ’24n/a
€3.56
0%
12.6%€3.97€2.80n/a4
Sep ’24n/a
€3.75
0%
2.9%€3.91€3.68n/a3
Aug ’24n/a
€4.01
0%
9.6%€4.54€3.63n/a3
Analyst Price Target
Consensus Narrative from 9 Analysts
€9.65
Fair Value
45.1% undervalued intrinsic discount
9
Number of Analysts

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/11 16:53
End of Day Share Price 2025/01/09 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

TeraWulf Inc. is covered by 12 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Martin TonerATB Capital Markets
Lucas PipesB. Riley Securities, Inc.
Joshua SieglerCantor Fitzgerald & Co.