Smartsheet Inc.

DB:3SE Stock Report

Market Cap: €7.6b

This company listing is no longer active

This company may still be operating, however this listing is no longer active.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.

Smartsheet Valuation

Is 3SE 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 3SE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€103.79
Fair Value
47.9% undervalued intrinsic discount
12
Number of Analysts

Below Fair Value: 3SE (€54.06) is trading below our estimate of fair value (€103.79)

Significantly Below Fair Value: 3SE is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3SE?

Key metric: As 3SE is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 3SE. This is calculated by dividing 3SE's market cap by their current revenue.
What is 3SE's PS Ratio?
PS Ratio7.3x
SalesUS$1.08b
Market CapUS$7.90b

Price to Sales Ratio vs Peers

How does 3SE's PS Ratio compare to its peers?

The above table shows the PS ratio for 3SE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average16.5x
NEM Nemetschek
15x13.5%€13.9b
NB2 Northern Data
37x23.8%€2.9b
AOF ATOSS Software
11.1x12.4%€1.9b
TMV TeamViewer
2.7x6.1%€1.8b
3SE Smartsheet
7.3x14.0%€7.9b

Price-To-Sales vs Peers: 3SE is good value based on its Price-To-Sales Ratio (7.3x) compared to the peer average (16.2x).

Price to Sales Ratio vs Industry

How does 3SE's PS Ratio compare vs other companies in the DE Software Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
CSH CENIT
0.3x4.7%US$64.82m
CLIQ Cliq Digital
0.1x8.6%US$29.37m
LSX LS telcom
0.4x2.5%US$18.43m
8DQ GetSwift Technologies
0.07xn/aUS$2.53m
3SE 7.3xIndustry Avg. 2.3xNo. of Companies6PS02.44.87.29.612+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 3SE is expensive based on its Price-To-Sales Ratio (7.3x) compared to the German Software industry average (2.2x).

Price to Sales Ratio vs Fair Ratio

What is 3SE'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.

3SE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio7.3x
Fair PS Ratio9.3x

Price-To-Sales vs Fair Ratio: 3SE is good value based on its Price-To-Sales Ratio (7.3x) compared to the estimated Fair Price-To-Sales Ratio (9.3x).

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 3SE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€54.28
0%
0.2%€54.72€54.24n/a12
Feb ’26n/a
€54.28
0%
0.2%€54.72€54.24n/a12
Jan ’26€53.14
€53.31
+0.3%
0.4%€53.80€52.65n/a13
Dec ’25€52.36
€53.31
+1.8%
0.4%€53.80€52.65n/a13
Nov ’25€51.56
€51.16
-0.8%
2.9%€55.53€49.97n/a14
Oct ’25€49.41
€51.16
+3.5%
2.9%€55.53€49.97n/a14
Sep ’25€43.90
€48.75
+11.1%
10.5%€55.19€38.00n/a19
Aug ’25€44.18
€49.04
+11.0%
9.6%€55.12€38.58n/a20
Jul ’25€41.09
€47.94
+16.7%
9.1%€55.10€38.57n/a19
Jun ’25€33.82
€45.92
+35.8%
12.2%€53.14€33.56n/a19
May ’25€35.43
€45.12
+27.3%
11.9%€52.19€32.96n/a20
Apr ’25€35.88
€45.12
+25.7%
11.9%€52.19€32.96n/a20
Mar ’25€38.80
€51.54
+32.8%
9.6%€59.90€41.47n/a21
Feb ’25€41.39
€51.90
+25.4%
8.6%€59.74€44.11n/a20
Jan ’25€43.26
€50.78
+17.4%
7.9%€59.22€43.73€53.1420
Dec ’24€38.41
€49.25
+28.2%
7.1%€55.17€39.54€52.3621
Nov ’24€36.50
€50.95
+39.6%
7.3%€56.98€40.84€51.5620
Oct ’24€37.65
€50.16
+33.2%
8.0%€56.77€40.69€49.4119
Sep ’24€38.47
€45.81
+19.1%
11.1%€53.87€35.92€43.9020
Aug ’24€40.32
€45.81
+13.6%
11.1%€53.87€35.92€44.1820
Jul ’24€35.21
€46.42
+31.9%
10.7%€54.76€36.51€41.0920
Jun ’24€45.74
€48.66
+6.4%
11.3%€56.14€35.65€33.8219
May ’24€36.16
€47.46
+31.2%
10.8%€52.55€35.12€35.4319
Apr ’24€42.04
€47.46
+12.9%
10.8%€52.55€35.12€35.8819
Mar ’24€40.66
€44.23
+8.8%
12.0%€53.46€33.76€38.8020
Feb ’24€38.92
€43.43
+11.6%
12.1%€52.61€33.23€41.3920
Analyst Price Target
Consensus Narrative from 12 Analysts
€54.13
Fair Value
0.1% undervalued intrinsic discount
12
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/21 09:12
End of Day Share Price 2025/01/21 00:00
Earnings2024/10/31
Annual Earnings2024/01/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Smartsheet Inc. is covered by 16 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
David HynesCanaccord Genuity
Frederick LeeCredit Suisse