Porch Group, Inc.

DB:32RD Stock Report

Market Cap: €346.9m

Porch Group Valuation

Is 32RD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 32RD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 32RD (€3.28) is trading above our estimate of fair value (€1.52)

Significantly Below Fair Value: 32RD is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 32RD?

Key metric: As 32RD is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 32RD. This is calculated by dividing 32RD's market cap by their current revenue.
What is 32RD's PS Ratio?
PS Ratio0.8x
SalesUS$452.10m
Market CapUS$363.42m

Price to Sales Ratio vs Peers

How does 32RD's PS Ratio compare to its peers?

The above table shows the PS ratio for 32RD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3x
EQS EQS Group
5.5x18.6%€394.9m
PSAN PSI Software
1.3x8.9%€334.5m
GKS GK Software
3x8.7%€468.2m
FAA Fabasoft
2.3x9.8%€193.0m
32RD Porch Group
0.8x6.7%€363.4m

Price-To-Sales vs Peers: 32RD is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (3x).

Price to Sales Ratio vs Industry

How does 32RD'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
32RD 0.8xIndustry Avg. 2.2xNo. of Companies7PS02.44.87.29.612+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 32RD is good value based on its Price-To-Sales Ratio (0.8x) compared to the German Software industry average (2.2x).

Price to Sales Ratio vs Fair Ratio

What is 32RD'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.

32RD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.8x
Fair PS Ratio1.8x

Price-To-Sales vs Fair Ratio: 32RD is good value based on its Price-To-Sales Ratio (0.8x) compared to the estimated Fair Price-To-Sales Ratio (1.8x).

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 32RD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€3.28
€4.32
+31.6%
25.5%€6.59€3.30n/a6
Nov ’25€1.95
€3.55
+81.8%
46.8%€6.47€1.39n/a6
Oct ’25€1.32
€3.51
+165.7%
45.3%€6.37€1.36n/a7
Sep ’25€1.18
€3.51
+197.3%
45.3%€6.37€1.36n/a7
Aug ’25€1.85
€5.01
+171.0%
34.3%€9.27€3.48n/a8
Jul ’25€1.39
€5.01
+260.7%
34.3%€9.27€3.48n/a8
Jun ’25€1.93
€5.01
+159.8%
34.3%€9.27€3.48n/a8
May ’25€3.12
€5.04
+61.5%
34.3%€9.32€3.50n/a8
Apr ’25€3.86
€4.66
+20.6%
40.9%€9.25€2.78n/a8
Mar ’25€3.08
€3.48
+13.1%
67.5%€9.13€0.91n/a8
Feb ’25€2.12
€3.48
+64.3%
67.5%€9.13€0.91n/a8
Jan ’25€2.86
€3.43
+19.9%
68.0%€9.14€0.91n/a8
Dec ’24€1.36
€3.24
+138.2%
77.3%€9.34€0.93n/a8
Nov ’24€0.50
€3.92
+684.8%
67.1%€9.17€1.15€1.958
Oct ’24€0.78
€3.92
+406.3%
67.1%€9.17€1.15€1.328
Sep ’24€0.77
€3.92
+409.6%
67.1%€9.17€1.15€1.188
Aug ’24€1.21
€4.63
+282.5%
78.3%€12.83€1.28€1.858
Jul ’24€1.26
€4.63
+267.3%
78.3%€12.83€1.28€1.398
Jun ’24€1.22
€4.51
+269.7%
76.4%€12.87€1.29€1.939
May ’24€0.85
€4.37
+411.6%
80.5%€12.81€1.37€3.128
Apr ’24€1.26
€4.63
+267.3%
73.5%€12.89€1.38€3.869
Mar ’24€2.04
€5.48
+168.4%
54.5%€12.88€1.84€3.0810
Feb ’24€2.82
€5.48
+94.2%
54.5%€12.88€1.84€2.1210
Jan ’24€1.69
€5.52
+226.4%
53.0%€13.17€1.88€2.8611
Dec ’23€2.04
€5.61
+174.9%
54.7%€13.52€1.35€1.3611
Nov ’23€1.37
€8.28
+504.4%
40.7%€15.59€3.41€0.5011

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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