TeamViewer (XTRA:TMV) Valuation Check as Sales Leadership Reshuffle Signals New Commercial Strategy

TeamViewer (XTRA:TMV) just reshuffled its sales leadership, bringing back Finn Faldi as Executive Vice President Global Inside Sales while President TeamViewer Americas Georg Beyschlag prepares to exit after seven years in senior roles.

See our latest analysis for TeamViewer.

The leadership reshuffle lands at a tough moment for investors, with the share price down sharply, including a roughly 39 percent 90 day share price return and a 1 year total shareholder return of about negative 56 percent. This suggests fading momentum despite underlying growth efforts.

If this kind of reset has you rethinking your exposure to software names, it could be worth exploring fast growing stocks with high insider ownership as a way to uncover fresh ideas with stronger momentum.

With revenue and profits still growing and the share price trading at a steep discount to analyst targets and intrinsic value estimates, is TeamViewer now a mispriced recovery play, or is the market correctly discounting its future growth?

Most Popular Narrative: 47.2% Undervalued

With TeamViewer last closing at €5.58 versus an implied fair value of €10.56, the most followed narrative sees a sizeable gap to be closed.

The analysts have a consensus price target of €15.162 for TeamViewer based on their expectations of its future earnings growth, profit margins and other risk factors. However, there is a degree of disagreement amongst analysts, with the most bullish reporting a price target of €20.0, and the most bearish reporting a price target of just €11.0.

Read the complete narrative.

Curious how mid single digit growth expectations, rising margins and a lower future earnings multiple can still justify a sharply higher valuation? The full narrative reveals the assumptions powering that disconnect.

Result: Fair Value of €10.56 (UNDERVALUED)

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

However, persistent SMB weakness and intensifying competition in remote access tools could easily derail margin expansion and undermine the undervaluation thesis that investors are leaning on.

Find out about the key risks to this TeamViewer narrative.

Build Your Own TeamViewer Narrative

If you are not fully aligned with this view or would rather dig into the numbers yourself, you can build a custom 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 1 important warning sign 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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