Marin Software Incorporated

DB:2MA Stock Report

Market Cap: €6.7m

Marin Software Valuation

Is 2MA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 2MA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 2MA's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 2MA's fair value for valuation analysis.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2MA?

Key metric: As 2MA is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 2MA. This is calculated by dividing 2MA's market cap by their current revenue.
What is 2MA's PS Ratio?
PS Ratio0.4x
SalesUS$16.71m
Market CapUS$7.04m

Price to Sales Ratio vs Peers

How does 2MA's PS Ratio compare to its peers?

The above table shows the PS ratio for 2MA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.3x
CPU2 CPU Softwarehouse
1xn/a€4.2m
ABT Advanced Bitcoin Technologies
16xn/a€3.7m
IVX InVision
0.8xn/a€9.3m
9HY Hypefactors
3.3xn/a€5.0m
2MA Marin Software
0.4xn/a€7.0m

Price-To-Sales vs Peers: 2MA is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (5.3x).


Price to Sales Ratio vs Industry

How does 2MA's PS Ratio compare vs other companies in the DE Software Industry?

8 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.2.2x10.6%
2MA Marin Software
0.4xn/aUS$7.04m
CSH CENIT
0.3x5.2%US$73.23m
ISHA INTERSHOP Communications
0.7x5.1%US$29.72m
2MA 0.4xIndustry Avg. 2.2xNo. of Companies7PS02.85.68.411.214+
8 CompaniesEstimated GrowthMarket Cap
Industry Avg.2.2x39.6%
2MA Marin Software
0.4xn/aUS$7.04m
No more companies

Price-To-Sales vs Industry: 2MA is good value based on its Price-To-Sales Ratio (0.4x) compared to the German Software industry average (2.2x).


Price to Sales Ratio vs Fair Ratio

What is 2MA'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.

2MA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 2MA's Price-To-Sales Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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