Upland Software, Inc.

DB:16U Stock Report

Market Cap: €100.5m

Upland Software Valuation

Is 16U undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 16U when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 16U (€3.66) is trading below our estimate of fair value (€15.38)

Significantly Below Fair Value: 16U is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 16U?

Key metric: As 16U is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 16U. This is calculated by dividing 16U's market cap by their current revenue.
What is 16U's PS Ratio?
PS Ratio0.4x
SalesUS$278.95m
Market CapUS$106.20m

Price to Sales Ratio vs Peers

How does 16U's PS Ratio compare to its peers?

The above table shows the PS ratio for 16U vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.3x
ESY Easy Software
1.8xn/a€94.1m
BSS Beta Systems Software
1.5x9.1%€113.2m
CSH CENIT
0.3x5.2%€68.2m
SJJ Serviceware
1.3x8.8%€134.4m
16U Upland Software
0.4x-3.8%€106.2m

Price-To-Sales vs Peers: 16U is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (1.3x).

Price to Sales Ratio vs Industry

How does 16U's PS Ratio compare vs other companies in the DE Software Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.2.1x10.6%
16U Upland Software
 0.4x-3.8%US$106.20m
CSH CENIT
0.3x5.2%US$71.98m
CLIQ Cliq Digital
0.09x13.2%US$25.26m
16U 0.4xIndustry Avg. 2.1xNo. of Companies7PS02.44.87.29.612+
7 CompaniesEstimated GrowthMarket Cap
Industry Avg.2.1x39.6%
16U Upland Software
 0.4x80.5%US$106.20m
No more companies

Price-To-Sales vs Industry: 16U is good value based on its Price-To-Sales Ratio (0.4x) compared to the German Software industry average (2.1x).

Price to Sales Ratio vs Fair Ratio

What is 16U'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.

16U PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ratio1.2x

Price-To-Sales vs Fair Ratio: 16U is good value based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (1.2x).

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 16U forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€3.66
€2.90
-20.7%
45.1%€4.71€1.65n/a3
Nov ’25€1.97
€2.82
+43.2%
45.1%€4.58€1.60n/a3
Oct ’25€2.22
€2.82
+27.1%
45.1%€4.58€1.60n/a3
Sep ’25€1.91
€2.82
+47.7%
45.1%€4.58€1.60n/a3
Aug ’25€2.12
€3.10
+46.2%
35.4%€4.65€2.32n/a3
Jul ’25€2.30
€3.10
+34.7%
35.4%€4.65€2.32n/a3
Jun ’25€2.68
€3.10
+15.6%
35.4%€4.65€2.32n/a3
May ’25€2.10
€4.31
+105.4%
36.4%€6.47€2.77n/a3
Apr ’25€2.80
€4.31
+54.0%
36.4%€6.47€2.77n/a3
Mar ’25€2.70
€4.31
+59.7%
36.4%€6.47€2.77n/a3
Feb ’25€3.82
€4.52
+18.4%
32.0%€6.55€3.28n/a3
Jan ’25€3.86
€4.52
+17.2%
32.0%€6.55€3.28n/a3
Dec ’24€4.58
€4.52
-1.2%
32.0%€6.55€3.28n/a3
Nov ’24€3.08
€4.62
+49.9%
32.0%€6.69€3.34€1.973
Oct ’24€4.08
€4.33
+6.1%
30.0%€6.55€3.28€2.224
Sep ’24€3.22
€4.18
+29.8%
27.0%€6.36€3.18€1.915
Aug ’24€3.54
€4.18
+18.1%
27.0%€6.36€3.18€2.125
Jul ’24€3.28
€4.18
+27.5%
27.0%€6.36€3.18€2.305
Jun ’24€2.58
€4.18
+62.1%
27.0%€6.36€3.18€2.685
May ’24€3.08
€7.96
+158.5%
5.8%€8.53€7.58€2.105
Apr ’24€3.75
€7.96
+112.2%
5.8%€8.53€7.58€2.805
Mar ’24€5.31
€7.96
+49.8%
5.8%€8.53€7.58€2.705
Feb ’24€7.86
€12.05
+53.2%
44.6%€23.17€7.41€3.826
Jan ’24€6.46
€12.41
+92.0%
42.8%€24.41€7.81€3.867
Dec ’23€7.08
€12.41
+75.4%
42.8%€24.41€7.81€4.587
Nov ’23€7.96
€18.15
+127.9%
21.2%€24.98€12.99€3.086

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

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