Zeta Global Holdings Valuation

Q: What is the Fair Price of 8EO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

8EO (€25.4) is trading above our estimate of [[fair value]] (€19.88)

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 (€25.4) is trading above our estimate of fair value (€19.88)

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?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 8EO. This is calculated by dividing 8EO's market cap by their current preferred multiple.
What is 8EO's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	US$6.54b

8EO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	8x
Enterprise Value/EBITDA	-64.3x
PEG Ratio	n/a

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.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	12.5x
NEM Nemetschek	12.9x	14.0%	€11.5b
AOF ATOSS Software	11.4x	12.8%	€1.9b
NB2 Northern Data	22.3x	32.4%	€1.7b
TMV TeamViewer	3.2x	6.9%	€2.0b
8EO Zeta Global Holdings	8x	16.1%	€6.5b

Price-To-Sales vs Peers: 8EO is good value based on its Price-To-Sales Ratio (8x) compared to the peer average (12.5x).

Price to Earnings Ratio vs Industry

How does 8EO's PE Ratio compare vs other companies in the DE Software Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	39.5%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	39.5%
	n/a	n/a	n/a

No more companies

Price-To-Sales vs Industry: 8EO is expensive based on its Price-To-Sales Ratio (8x) compared to the German Software industry average (1.9x).

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 Ratio	8x
Fair PS Ratio	6.9x

Price-To-Sales vs Fair Ratio: 8EO is expensive based on its Price-To-Sales Ratio (8x) 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.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	€25.40	€32.82 +29.2%	11.1%	€40.45	€25.74	n/a	13
Oct ’25	€26.60	€30.94 +16.3%	12.5%	€39.75	€25.30	n/a	12
Sep ’25	€23.80	€27.57 +15.8%	5.0%	€30.58	€25.95	n/a	12
Aug ’25	€21.40	€27.57 +28.8%	5.0%	€30.58	€25.95	n/a	12
Jul ’25	€16.80	€19.28 +14.8%	19.9%	€30.90	€16.85	n/a	11
Jun ’25	€15.00	€18.38 +22.5%	22.7%	€30.40	€15.66	n/a	10
May ’25	n/a	€14.16 0%	14.3%	€19.37	€11.99	n/a	10
Apr ’25	n/a	€13.69 0%	16.5%	€19.38	€11.07	n/a	9
Mar ’25	n/a	€13.69 0%	16.5%	€19.38	€11.07	n/a	9
Feb ’25	n/a	€13.16 0%	19.1%	€19.39	€10.16	n/a	8
Jan ’25	n/a	€13.39 0%	18.1%	€19.77	€10.36	n/a	9
Dec ’24	n/a	€13.39 0%	18.1%	€19.77	€10.36	n/a	9
Nov ’24	n/a	€13.57 0%	17.1%	€19.88	€11.36	€25.40	9
Oct ’24	n/a	€13.57 0%	17.1%	€19.88	€11.36	€26.60	9
Sep ’24	n/a	€12.45 0%	19.9%	€19.08	€9.09	€23.80	10
Aug ’24	n/a	€12.16 0%	21.4%	€19.05	€9.07	€21.40	10
Jul ’24	n/a	€12.16 0%	21.4%	€19.05	€9.07	€16.80	10
Jun ’24	n/a	€12.16 0%	21.4%	€19.05	€9.07	€15.00	10
May ’24	n/a	€12.70 0%	21.4%	€19.91	€9.48	n/a	10
Apr ’24	n/a	€12.70 0%	21.4%	€19.91	€9.48	n/a	10
Mar ’24	n/a	€12.70 0%	21.4%	€19.91	€9.48	n/a	10
Feb ’24	n/a	€11.71 0%	24.9%	€19.36	€8.30	n/a	10
Jan ’24	n/a	€11.93 0%	25.5%	€19.80	€8.49	n/a	10
Dec ’23	n/a	€12.20 0%	28.0%	€20.50	€8.79	n/a	9
Nov ’23	n/a	€12.30 0%	32.4%	€21.43	€7.14	n/a	9

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