New Relic, Inc.

DB:2NR Stock Report

Market Cap: €5.8b

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

New Relic Valuation

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

Below Fair Value: 2NR (€81) is trading below our estimate of fair value (€152.85)

Significantly Below Fair Value: 2NR is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for 2NR. This is calculated by dividing 2NR's market cap by their current revenue.
What is 2NR's PS Ratio?
PS Ratio6.4x
SalesUS$967.64m
Market CapUS$6.18b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for 2NR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average7.2x
NEM Nemetschek
12.3x14.1%€11.4b
AOF ATOSS Software
11.5x12.7%€1.9b
TMV TeamViewer
2.7x6.5%€1.8b
MUM Mensch und Maschine Software
2.5x-0.1%€888.7m
2NR New Relic
6.4x13.6%€6.2b

Price-To-Sales vs Peers: 2NR is good value based on its Price-To-Sales Ratio (6.4x) compared to the peer average (7.2x).

Price to Sales Ratio vs Industry

How does 2NR'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
2NR 6.4xIndustry Avg. 2.1xNo. of Companies7PS02.44.87.29.612+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 2NR is expensive based on its Price-To-Sales Ratio (6.4x) compared to the German Software industry average (1.9x).

Price to Sales Ratio vs Fair Ratio

What is 2NR'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.

2NR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.4x
Fair PS Ratio7.2x

Price-To-Sales vs Fair Ratio: 2NR is good value based on its Price-To-Sales Ratio (6.4x) compared to the estimated Fair Price-To-Sales Ratio (7.2x).

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 2NR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€81.29
0%
4.7%€86.65€70.64n/a10
Nov ’25n/a
€81.29
0%
4.7%€86.65€70.64n/a10
Oct ’25n/a
€81.29
0%
4.7%€86.65€70.64n/a10
Sep ’25n/a
€81.29
0%
4.7%€86.65€70.64n/a10
Aug ’25n/a
€81.29
0%
4.7%€86.65€70.64n/a10
Jul ’25n/a
€81.29
0%
4.7%€86.65€70.64n/a10
Jun ’25n/a
€81.29
0%
4.7%€86.65€70.64n/a10
May ’25n/a
€81.29
0%
4.7%€86.65€70.64n/a10
Apr ’25n/a
€81.29
0%
4.7%€86.65€70.64n/a10
Mar ’25n/a
€81.29
0%
4.7%€86.65€70.64n/a10
Feb ’25n/a
€81.29
0%
4.7%€86.65€70.64n/a10
Jan ’25n/a
€81.29
0%
4.7%€86.65€70.64n/a10
Dec ’24n/a
€81.29
0%
4.7%€86.65€70.64n/a10
Nov ’24€81.50
€81.29
-0.3%
4.7%€86.65€70.64n/a10
Oct ’24€81.00
€80.77
-0.3%
4.7%€86.10€70.19n/a10
Sep ’24€78.50
€79.60
+1.4%
5.3%€86.83€68.55n/a11
Aug ’24€76.50
€79.54
+4.0%
5.4%€86.50€68.29n/a11
Jul ’24€59.50
€80.52
+35.3%
12.8%€105.33€68.04n/a13
Jun ’24€65.50
€80.52
+22.9%
12.8%€105.33€68.04n/a13
May ’24€65.50
€74.58
+13.9%
12.2%€91.72€59.62n/a13
Apr ’24€66.26
€74.44
+12.3%
10.9%€84.01€60.67n/a12
Mar ’24€68.60
€74.44
+8.5%
10.9%€84.01€60.67n/a12
Feb ’24€55.70
€60.71
+9.0%
13.1%€72.66€51.24n/a12
Jan ’24€51.72
€62.95
+21.7%
13.2%€74.88€51.48n/a12
Dec ’23€53.56
€67.11
+25.3%
13.8%€79.91€54.94n/a11
Nov ’23€59.78
€72.01
+20.5%
11.9%€82.79€58.26€81.5011

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

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