Zeta Global Holdings Corp.

DB:8EO Stock Report

Market Cap: €4.8b

Zeta Global Holdings Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: 8EO (€20) is trading above our estimate of fair value (€19.64)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for 8EO. This is calculated by dividing 8EO's market cap by their current revenue.
What is 8EO's PS Ratio?
PS Ratio5.6x
SalesUS$901.40m
Market CapUS$5.05b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for 8EO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average14x
NB2 Northern Data
29.5x31.5%€2.2b
AOF ATOSS Software
11.5x12.7%€1.9b
NEM Nemetschek
12.3x14.1%€11.4b
TMV TeamViewer
2.7x6.5%€1.8b
8EO Zeta Global Holdings
5.6x17.1%€5.1b

Price-To-Sales vs Peers: 8EO is good value based on its Price-To-Sales Ratio (5.6x) compared to the peer average (13.8x).

Price to Sales Ratio vs Industry

How does 8EO'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$21.28m
IVX InVision
0.6xn/aUS$9.70m
8EO 5.6xIndustry Avg. 2.2xNo. of Companies7PS02.44.87.29.612+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 8EO is expensive based on its Price-To-Sales Ratio (5.6x) compared to the German Software industry average (2.2x).

Price to Sales Ratio vs Fair Ratio

What is 8EO'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.

8EO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.6x
Fair PS Ratio6.9x

Price-To-Sales vs Fair Ratio: 8EO is good value based on its Price-To-Sales Ratio (5.6x) compared to the estimated Fair Price-To-Sales Ratio (6.9x).

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 8EO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€19.80
€36.65
+85.1%
17.8%€42.93€24.80n/a12
Nov ’25€25.40
€32.97
+29.8%
11.1%€40.64€25.86n/a13
Oct ’25€26.60
€30.94
+16.3%
12.5%€39.75€25.30n/a12
Sep ’25€23.80
€27.57
+15.8%
5.0%€30.58€25.95n/a12
Aug ’25€21.40
€27.57
+28.8%
5.0%€30.58€25.95n/a12
Jul ’25€16.80
€19.28
+14.8%
19.9%€30.90€16.85n/a11
Jun ’25€15.00
€18.38
+22.5%
22.7%€30.40€15.66n/a10
May ’25n/a
€14.16
0%
14.3%€19.37€11.99n/a10
Apr ’25n/a
€13.69
0%
16.5%€19.38€11.07n/a9
Mar ’25n/a
€13.69
0%
16.5%€19.38€11.07n/a9
Feb ’25n/a
€13.16
0%
19.1%€19.39€10.16n/a8
Jan ’25n/a
€13.39
0%
18.1%€19.77€10.36n/a9
Dec ’24n/a
€13.39
0%
18.1%€19.77€10.36n/a9
Nov ’24n/a
€13.57
0%
17.1%€19.88€11.36€25.409
Oct ’24n/a
€13.57
0%
17.1%€19.88€11.36€26.609
Sep ’24n/a
€12.45
0%
19.9%€19.08€9.09€23.8010
Aug ’24n/a
€12.16
0%
21.4%€19.05€9.07€21.4010
Jul ’24n/a
€12.16
0%
21.4%€19.05€9.07€16.8010
Jun ’24n/a
€12.16
0%
21.4%€19.05€9.07€15.0010
May ’24n/a
€12.70
0%
21.4%€19.91€9.48n/a10
Apr ’24n/a
€12.70
0%
21.4%€19.91€9.48n/a10
Mar ’24n/a
€12.70
0%
21.4%€19.91€9.48n/a10
Feb ’24n/a
€11.71
0%
24.9%€19.36€8.30n/a10
Jan ’24n/a
€11.93
0%
25.5%€19.80€8.49n/a10
Dec ’23n/a
€12.20
0%
28.0%€20.50€8.79n/a9
Nov ’23n/a
€12.30
0%
32.4%€21.43€7.14n/a9

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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