Cloudflare, Inc.

DB:8CF Stock Report

Market Cap: €37.1b

Cloudflare Valuation

Is 8CF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 8CF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8CF (€104) is trading above our estimate of fair value (€86.44)

Significantly Below Fair Value: 8CF is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8CF?

Key metric: As 8CF is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 8CF. This is calculated by dividing 8CF's market cap by their current revenue.
What is 8CF's PS Ratio?
PS Ratio24.6x
SalesUS$1.57b
Market CapUS$38.67b

Price to Sales Ratio vs Peers

How does 8CF's PS Ratio compare to its peers?

The above table shows the PS ratio for 8CF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average7.6x
IOS IONOS Group
1.9x8.3%€2.9b
NEM Nemetschek
11.7x14.1%€10.8b
BC8 Bechtle
0.6x6.8%€3.9b
SNOW Snowflake
16.1x18.5%US$54.9b
8CF Cloudflare
24.6x19.9%€38.7b

Price-To-Sales vs Peers: 8CF is expensive based on its Price-To-Sales Ratio (24.6x) compared to the peer average (7.6x).

Price to Sales Ratio vs Industry

How does 8CF's PS Ratio compare vs other companies in the DE IT Industry?

1 CompanyPrice / SalesEstimated GrowthMarket Cap
ASKN asknet Solutions
0.01x20.1%US$984.32k
No more companies available in this PS range
8CF 24.6xIndustry Avg. 0.7xNo. of Companies7PS00.61.21.82.43+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 8CF is expensive based on its Price-To-Sales Ratio (24.6x) compared to the German IT industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is 8CF'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.

8CF PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio24.6x
Fair PS Ratio17.1x

Price-To-Sales vs Fair Ratio: 8CF is expensive based on its Price-To-Sales Ratio (24.6x) compared to the estimated Fair Price-To-Sales Ratio (17.1x).

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 8CF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€104.00
€94.35
-9.3%
20.4%€131.17€54.98n/a30
Dec ’25€93.35
€88.00
-5.7%
16.3%€113.64€53.98n/a30
Nov ’25€80.74
€84.78
+5.0%
18.6%€125.06€52.80n/a30
Oct ’25€71.49
€82.84
+15.9%
17.8%€121.76€51.41n/a29
Sep ’25€70.54
€83.89
+18.9%
17.5%€123.20€52.02n/a30
Aug ’25€71.09
€83.61
+17.6%
18.9%€125.10€46.34n/a30
Jul ’25€76.63
€84.37
+10.1%
19.3%€126.02€46.68n/a29
Jun ’25€64.22
€83.09
+29.4%
19.6%€124.66€46.17n/a28
May ’25€83.80
€94.65
+12.9%
18.9%€126.14€48.59n/a29
Apr ’25€88.44
€94.33
+6.7%
19.0%€124.34€47.89n/a30
Mar ’25€90.90
€94.93
+4.4%
19.0%€125.29€48.26n/a30
Feb ’25€74.66
€70.34
-5.8%
21.3%€101.20€41.40n/a30
Jan ’25€75.80
€62.50
-17.5%
20.6%€99.88€40.86n/a27
Dec ’24€72.18
€60.23
-16.6%
16.6%€78.10€41.35€93.3526
Nov ’24€53.04
€64.25
+21.1%
17.3%€84.77€40.50€80.7425
Oct ’24€58.62
€64.40
+9.9%
18.4%€84.28€40.27€71.4925
Sep ’24€58.80
€63.26
+7.6%
18.1%€82.41€39.38€70.5424
Aug ’24€63.00
€55.98
-11.1%
19.8%€72.57€34.47€71.0924
Jul ’24€60.68
€51.51
-15.1%
17.4%€73.30€34.82€76.6323
Jun ’24€65.32
€52.44
-19.7%
17.7%€74.86€35.56€64.2222
May ’24€54.94
€51.42
-6.4%
19.5%€72.92€34.64€83.8024
Apr ’24€54.83
€63.50
+15.8%
19.1%€89.60€40.56€88.4425
Mar ’24€58.56
€63.50
+8.4%
19.1%€89.60€40.56€90.9025
Feb ’24€45.16
€54.75
+21.2%
22.9%€87.58€33.19€74.6623
Jan ’24€38.86
€61.01
+57.0%
19.7%€91.94€40.65€75.8023
Dec ’23€42.92
€61.01
+42.2%
19.7%€91.94€40.65€72.1823

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 09:39
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Cloudflare, Inc. is covered by 52 analysts. 34 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Shrenik KothariBaird
Ishan MajumdarBaptista Research
Andrew DeGasperiBNP Paribas Exane