HubSpot, Inc.

DB:096 Stock Report

Market Cap: €36.8b

HubSpot Valuation

Is 096 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 096 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 096 (€698.8) is trading above our estimate of fair value (€661.18)

Significantly Below Fair Value: 096 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 096?

Key metric: As 096 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 096. This is calculated by dividing 096's market cap by their current revenue.
What is 096's PS Ratio?
PS Ratio15.3x
SalesUS$2.51b
Market CapUS$38.34b

Price to Sales Ratio vs Peers

How does 096's PS Ratio compare to its peers?

The above table shows the PS ratio for 096 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average15.1x
NEM Nemetschek
12.5x14.1%€11.5b
SAP SAP
7.9x10.3%€262.8b
NB2 Northern Data
28.5x31.5%€2.3b
AOF ATOSS Software
11.4x12.7%€1.9b
096 HubSpot
15.3x14.6%€38.3b

Price-To-Sales vs Peers: 096 is expensive based on its Price-To-Sales Ratio (15.3x) compared to the peer average (15.1x).

Price to Sales Ratio vs Industry

How does 096's PS Ratio compare vs other companies in the DE Software Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
CSH CENIT
0.4x5.2%US$74.07m
CLIQ Cliq Digital
0.09x13.2%US$25.77m
LSX LS telcom
0.5x5.0%US$21.11m
IVX InVision
0.6xn/aUS$9.59m
096 15.3xIndustry Avg. 2.2xNo. of Companies7PS02.44.87.29.612+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 096 is expensive based on its Price-To-Sales Ratio (15.3x) compared to the German Software industry average (2.2x).

Price to Sales Ratio vs Fair Ratio

What is 096'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.

096 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio15.3x
Fair PS Ratio15.4x

Price-To-Sales vs Fair Ratio: 096 is good value based on its Price-To-Sales Ratio (15.3x) compared to the estimated Fair Price-To-Sales Ratio (15.4x).

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 096 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€698.80
€669.04
-4.3%
6.0%€736.48€599.57n/a26
Nov ’25€509.80
€571.87
+12.2%
8.2%€672.18€460.40n/a26
Oct ’25€475.20
€551.69
+16.1%
8.4%€654.01€447.95n/a27
Sep ’25€448.90
€559.02
+24.5%
8.4%€663.86€454.70n/a27
Aug ’25€456.60
€593.07
+29.9%
9.9%€675.25€425.50n/a28
Jul ’25€550.00
€625.73
+13.8%
8.5%€716.68€485.89n/a28
Jun ’25€557.20
€617.16
+10.8%
8.3%€704.87€477.88n/a29
May ’25€591.20
€652.52
+10.4%
8.4%€746.16€485.00n/a30
Apr ’25€575.20
€631.74
+9.8%
8.1%€732.48€476.11n/a29
Mar ’25€571.40
€639.93
+12.0%
7.1%€739.28€547.99n/a29
Feb ’25€563.40
€551.15
-2.2%
9.1%€644.00€464.60n/a28
Jan ’25€532.00
€522.83
-1.7%
9.0%€601.45€430.26n/a29
Dec ’24€454.30
€515.61
+13.5%
7.8%€610.08€436.43n/a29
Nov ’24€396.60
€549.02
+38.4%
7.0%€622.67€454.22€509.8028
Oct ’24€462.90
€559.00
+20.8%
7.1%€650.80€449.47€475.2028
Sep ’24€503.60
€526.85
+4.6%
7.5%€599.74€436.18€448.9028
Aug ’24€525.40
€496.82
-5.4%
10.5%€577.47€404.68€456.6028
Jul ’24€485.00
€462.59
-4.6%
8.2%€558.56€393.68€550.0028
Jun ’24€483.10
€463.94
-4.0%
7.2%€538.03€397.67€557.2028
May ’24€379.20
€413.28
+9.0%
5.7%€453.75€363.00€591.2027
Apr ’24€380.35
€415.99
+9.4%
5.4%€460.95€368.76€575.2026
Mar ’24€363.65
€415.12
+14.2%
9.1%€468.95€262.61€571.4028
Feb ’24€311.40
€342.49
+10.0%
10.3%€436.19€257.12€563.4028
Jan ’24€271.70
€353.71
+30.2%
10.5%€448.12€264.15€532.0028
Dec ’23€281.80
€363.89
+29.1%
10.5%€459.71€270.98€454.3028
Nov ’23€292.80
€401.42
+37.1%
13.4%€506.10€283.42€396.6026

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

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