WiseTech Global Limited

DB:17W Stock Report

Market Cap: €25.4b

WiseTech Global Valuation

Is 17W undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 17W when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 17W (€75.84) is trading above our estimate of fair value (€28.75)

Significantly Below Fair Value: 17W is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 17W?

Key metric: As 17W is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 17W. This is calculated by dividing 17W's market cap by their current revenue.
What is 17W's PS Ratio?
PS Ratio39.6x
SalesAU$1.04b
Market CapAU$41.26b

Price to Sales Ratio vs Peers

How does 17W's PS Ratio compare to its peers?

The above table shows the PS ratio for 17W 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
12.3x14.1%€11.4b
NB2 Northern Data
28.7x31.5%€2.2b
AOF ATOSS Software
11.5x12.7%€1.9b
SAP SAP
7.8x10.3%€259.7b
17W WiseTech Global
39.6x19.1%€41.3b

Price-To-Sales vs Peers: 17W is expensive based on its Price-To-Sales Ratio (39.6x) compared to the peer average (15x).

Price to Sales Ratio vs Industry

How does 17W's PS Ratio compare vs other companies in the DE Software Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
CSH CENIT
0.3x5.2%US$72.36m
CLIQ Cliq Digital
0.08x13.2%US$24.26m
LSX LS telcom
0.5x5.0%US$21.24m
IVX InVision
0.6xn/aUS$9.69m
17W 39.6xIndustry Avg. 2.1xNo. of Companies7PS02.44.87.29.612+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 17W is expensive based on its Price-To-Sales Ratio (39.6x) compared to the German Software industry average (2.2x).

Price to Sales Ratio vs Fair Ratio

What is 17W'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.

17W PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio39.6x
Fair PS Ratio16.4x

Price-To-Sales vs Fair Ratio: 17W is expensive based on its Price-To-Sales Ratio (39.6x) compared to the estimated Fair Price-To-Sales Ratio (16.4x).

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 17W forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€75.84
€81.08
+6.9%
10.5%€99.11€65.04n/a17
Nov ’25€70.41
€72.29
+2.7%
8.4%€84.42€61.17n/a17
Oct ’25€84.25
€70.98
-15.8%
16.4%€85.85€34.43n/a18
Sep ’25€70.80
€66.49
-6.1%
14.8%€77.86€33.40n/a18
Aug ’25€56.90
€55.69
-2.1%
13.7%€67.53€33.37n/a18
Jul ’25€57.53
€56.70
-1.4%
13.9%€69.74€34.46n/a18
Jun ’25€58.58
€54.87
-6.3%
13.0%€68.59€33.89n/a18
May ’25€55.57
€53.96
-2.9%
12.5%€63.07€33.56n/a17
Apr ’25€55.70
€52.97
-4.9%
11.9%€61.46€33.35n/a17
Mar ’25€55.82
€54.48
-2.4%
7.5%€61.79€47.86n/a16
Feb ’25€42.81
€47.13
+10.1%
10.3%€57.99€35.40n/a16
Jan ’25€45.77
€47.22
+3.2%
10.4%€58.34€35.62n/a16
Dec ’24€39.37
€45.56
+15.7%
13.2%€57.26€31.46n/a16
Nov ’24€34.01
€45.34
+33.3%
13.5%€56.84€31.23€70.4115
Oct ’24€39.00
€45.59
+16.9%
13.6%€56.50€31.04€84.2515
Sep ’24€40.64
€44.91
+10.5%
13.6%€56.40€30.98€70.8015
Aug ’24€51.20
€45.75
-10.6%
17.6%€60.49€31.57€56.9015
Jul ’24€47.67
€44.90
-5.8%
18.3%€62.19€32.46€57.5315
Jun ’24€45.15
€41.80
-7.4%
16.0%€55.23€32.03€58.5815
May ’24€40.39
€41.74
+3.4%
13.7%€55.31€35.03€55.5714
Apr ’24€39.22
€40.80
+4.0%
14.6%€55.62€32.26€55.7014
Mar ’24€38.78
€41.46
+6.9%
15.5%€57.18€33.16€55.8214
Feb ’24€37.98
€39.86
+5.0%
14.3%€57.26€33.96€42.8114
Jan ’24€31.86
€38.50
+20.8%
8.9%€45.35€33.81€45.7714
Dec ’23€37.50
€38.50
+2.7%
8.9%€45.35€33.81€39.3714
Nov ’23€37.71
€38.40
+1.8%
9.2%€45.06€33.60€34.0114

Analyst Forecast: Target price is less than 20% higher than the current share price.

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