Assessing TeamViewer (XTRA:TMV) Valuation After Agentless Access Launch in Secure Industrial Connectivity

TeamViewer (XTRA:TMV) just introduced Agentless Access for its Tensor platform at the Gartner IT Symposium in Barcelona. This update allows manufacturers and OEMs to remotely manage machines and operational technology without requiring additional software installation on each device.

See our latest analysis for TeamViewer.

Despite this push for innovation, TeamViewer's shares are still feeling the heat, logging a 1-year total shareholder return of -47.9% and dropping over 38% on a share price basis since the start of the year. While rolling out advanced features like Agentless Access demonstrates a drive to stay competitive in industrial software, investors are still waiting for signs of renewed growth momentum and improved sentiment.

If you're weighing your options after this release, now could be the perfect moment to broaden your search and discover fast growing stocks with high insider ownership

Yet with shares down sharply even as annual revenue and net income show steady gains, the real question is whether TeamViewer is trading at a bargain or if the market has already priced in all future growth potential.

Most Popular Narrative: 47% Undervalued

TeamViewer’s most widely followed valuation narrative points to a significant gap between the current share price of €5.99 and what analysts believe is a justified fair value. This sets up a sharp debate about whether the stock’s weaknesses are already priced in or if they offer a window of opportunity as growth initiatives take hold.

The ongoing digital transformation and persistent shift toward hybrid and remote work are driving consistent demand among enterprises for secure remote access, device management, and IT support tools. TeamViewer's integration and expansion of digital workplace management (for example, new DEX/TeamViewer ONE offerings) position the company to benefit from these trends and fuel revenue growth through cross-sell and upsell opportunities.

Read the complete narrative.

Looking for the secret sauce behind this valuation call? The fair value relies on ambitious expectations for profit margins and steady gains, along with a profitability multiple that is seldom seen in the current tech landscape. Want to know the exact assumptions analysts are betting on for TeamViewer’s comeback? Dive in to see the projections that support this bold narrative.

Result: Fair Value of $11.30 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, persistent competition and reliance on a slow-growing SMB segment could still undermine TeamViewer’s optimistic profit and growth projections.

Find out about the key risks to this TeamViewer narrative.

Build Your Own TeamViewer Narrative

If you want to dig deeper or think another story better fits the numbers, you're free to build your own narrative in just a few minutes. Do it your way

A great starting point for your TeamViewer research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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