Grid Dynamics Holdings, Inc.

DB:47E Stock Report

Market Cap: €583.2m

Grid Dynamics Holdings Valuation

Is 47E 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 47E when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€12.02
Fair Value
43.4% undervalued intrinsic discount
4
Number of Analysts

Below Fair Value: 47E (€6.8) is trading below our estimate of fair value (€12.02)

Significantly Below Fair Value: 47E is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 47E?

Key metric: As 47E is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 47E. This is calculated by dividing 47E's market cap by their current earnings.
What is 47E's PE Ratio?
PE Ratio38.3x
EarningsUS$16.99m
Market CapUS$679.05m

Price to Earnings Ratio vs Peers

How does 47E's PE Ratio compare to its peers?

The above table shows the PE ratio for 47E vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19x
NA9 Nagarro
16.1x19.21%€704.6m
COK Cancom
28.1x23.84%€743.8m
D6H DATAGROUP
20x16.75%€499.1m
GFT GFT Technologies
11.7x13.24%€451.5m
47E Grid Dynamics Holdings
38.3x-12.37%€679.1m

Price-To-Earnings vs Peers: 47E is expensive based on its Price-To-Earnings Ratio (38.3x) compared to the peer average (19x).

Price to Earnings Ratio vs Industry

How does 47E's PE Ratio compare vs other companies in the DE IT Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
47E 38.3xIndustry Avg. 18.8xNo. of Companies4PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 47E is expensive based on its Price-To-Earnings Ratio (38.3x) compared to the European IT industry average (19.2x).

Price to Earnings Ratio vs Fair Ratio

What is 47E's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

47E PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 47E's Price-To-Earnings 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?

The above table shows the analyst 47E forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€6.80
€12.32
+81.18%
5.82%€12.97€11.24n/a4
Aug ’26€8.20
€13.60
+65.87%
12.19%€15.54€11.23n/a4
Jul ’26€9.65
€16.26
+68.47%
8.10%€17.82€14.25n/a4
Jun ’26€11.00
€16.26
+47.79%
8.10%€17.82€14.25n/a4
May ’26€12.30
€16.85
+36.99%
15.31%€21.01€14.00n/a4
Apr ’26€14.30
€24.72
+72.89%
9.42%€28.53€22.82n/a4
Mar ’26n/a
€24.72
0%
9.42%€28.53€22.82n/a4
Feb ’26n/a
€20.64
0%
14.15%€24.00€17.28n/a4
Jan ’26n/a
€20.06
0%
13.04%€23.89€17.20n/a4
Dec ’25n/a
€18.33
0%
3.90%€19.09€17.18n/a5
Nov ’25n/a
€16.61
0%
13.61%€18.46€12.00n/a6
Oct ’25n/a
€14.65
0%
9.05%€15.40€11.78n/a6
Sep ’25n/a
€14.60
0%
8.84%€15.51€11.86n/a7
Aug ’25n/a
€13.43
0%
11.06%€15.59€11.00€8.207
Jul ’25n/a
€13.68
0%
10.82%€15.73€11.10€9.657
Jun ’25n/a
€13.68
0%
10.82%€15.73€11.10€11.007
May ’25n/a
€14.11
0%
10.20%€15.90€11.22€12.306
Apr ’25n/a
€14.57
0%
8.96%€15.56€11.90€14.306
Mar ’25n/a
€14.21
0%
9.62%€15.67€11.98n/a6
Feb ’25n/a
€13.02
0%
8.56%€14.70€11.03n/a6
Jan ’25n/a
€12.52
0%
9.13%€13.74€10.08n/a6
Dec ’24n/a
€12.59
0%
8.28%€13.06€10.26n/a6
Nov ’24n/a
€12.29
0%
8.29%€12.91€10.14n/a6
Oct ’24n/a
€12.29
0%
8.29%€12.91€10.14n/a6
Sep ’24n/a
€12.29
0%
8.29%€12.91€10.14n/a6
Aug ’24n/a
€12.17
0%
15.27%€15.32€9.92n/a6
AnalystConsensusTarget
Consensus Narrative from 4 Analysts
€12.62
Fair Value
46.1% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/08/08 10:36
End of Day Share Price 2025/08/08 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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

Grid Dynamics Holdings, Inc. is covered by 9 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Joseph VafiCanaccord Genuity
Ryan PotterCitigroup Inc
Tien-tsin HuangJ.P. Morgan