Five9, Inc.

DB:1F9 Stock Report

Market Cap: €2.9b

Five9 Valuation

Is 1F9 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 1F9 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1F9 (€37.93) is trading below our estimate of fair value (€180.9)

Significantly Below Fair Value: 1F9 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1F9?

Key metric: As 1F9 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 1F9. This is calculated by dividing 1F9's market cap by their current revenue.
What is 1F9's PS Ratio?
PS Ratio2.9x
SalesUS$1.00b
Market CapUS$3.03b

Price to Sales Ratio vs Peers

How does 1F9's PS Ratio compare to its peers?

The above table shows the PS ratio for 1F9 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average11.3x
AOF ATOSS Software
11.4x12.7%€1.9b
NB2 Northern Data
28.3x31.6%€2.1b
TMV TeamViewer
2.8x6.4%€1.8b
MUM Mensch und Maschine Software
2.5x-0.1%€885.3m
1F9 Five9
2.9x10.2%€3.0b

Price-To-Sales vs Peers: 1F9 is good value based on its Price-To-Sales Ratio (2.9x) compared to the peer average (11.3x).

Price to Sales Ratio vs Industry

How does 1F9's PS Ratio compare vs other companies in the DE Software Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
CSH CENIT
0.4x5.5%US$78.42m
CLIQ Cliq Digital
0.09x12.9%US$29.61m
LSX LS telcom
0.5x5.0%US$21.29m
8DQ GetSwift Technologies
0.07xn/aUS$2.53m
1F9 2.9xIndustry Avg. 1.8xNo. of Companies7PS02.44.87.29.612+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 1F9 is expensive based on its Price-To-Sales Ratio (2.9x) compared to the German Software industry average (1.8x).

Price to Sales Ratio vs Fair Ratio

What is 1F9'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.

1F9 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.9x
Fair PS Ratio3.8x

Price-To-Sales vs Fair Ratio: 1F9 is good value based on its Price-To-Sales Ratio (2.9x) compared to the estimated Fair Price-To-Sales Ratio (3.8x).

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 1F9 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€37.93
€49.62
+30.8%
16.0%€63.45€37.88n/a21
Nov ’25€28.00
€47.73
+70.5%
18.4%€61.83€32.30n/a21
Oct ’25€25.59
€47.03
+83.8%
17.9%€60.32€31.51n/a22
Sep ’25€29.55
€47.57
+61.0%
16.2%€60.07€35.86n/a23
Aug ’25€41.03
€71.11
+73.3%
18.8%€92.50€46.25n/a23
Jul ’25€40.78
€76.20
+86.8%
17.3%€93.44€46.72n/a22
Jun ’25€42.57
€77.44
+81.9%
14.4%€92.89€58.52n/a22
May ’25€54.90
€78.85
+43.6%
13.6%€93.48€56.09n/a23
Apr ’25€57.12
€78.74
+37.9%
13.0%€91.85€55.11n/a22
Mar ’25€56.08
€79.47
+41.7%
13.2%€92.41€55.45n/a21
Feb ’25€69.78
€80.95
+16.0%
14.2%€96.48€54.22n/a21
Jan ’25€71.56
€79.85
+11.6%
15.2%€96.32€54.12n/a21
Dec ’24€69.72
€77.37
+11.0%
15.9%€95.95€53.91n/a21
Nov ’24€54.30
€83.41
+53.6%
14.1%€99.36€55.83€28.0021
Oct ’24€60.10
€83.78
+39.4%
14.4%€98.47€55.33€25.5921
Sep ’24€66.28
€81.21
+22.5%
15.2%€96.65€54.31€29.5522
Aug ’24€78.02
€77.36
-0.9%
15.9%€94.65€53.18€41.0322
Jul ’24€75.62
€78.00
+3.2%
14.6%€98.16€55.16€40.7823
Jun ’24€60.48
€78.13
+29.2%
14.7%€97.87€54.99€42.5722
May ’24€58.72
€77.00
+31.1%
14.4%€95.29€53.54€54.9020
Apr ’24€64.81
€78.63
+21.3%
14.5%€96.85€54.42€57.1220
Mar ’24€61.81
€80.82
+30.8%
14.8%€99.53€55.93€56.0819
Feb ’24€71.81
€71.23
-0.8%
17.6%€91.03€47.34€69.7820
Jan ’24€63.03
€67.74
+7.5%
18.6%€93.60€48.67€71.5621
Dec ’23€62.25
€71.57
+15.0%
19.2%€99.89€51.94€69.7221
Nov ’23€62.14
€110.28
+77.5%
23.3%€160.56€70.25€54.3021

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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