Confluent, Inc.

DB:8QR Stock Report

Market Cap: €9.9b

Confluent Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: 8QR (€29.3) is trading above our estimate of fair value (€25.97)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for 8QR. This is calculated by dividing 8QR's market cap by their current revenue.
What is 8QR's PS Ratio?
PS Ratio11.3x
SalesUS$915.61m
Market CapUS$10.34b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for 8QR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average13.8x
NEM Nemetschek
12.5x14.1%€11.5b
NB2 Northern Data
28.5x31.5%€2.2b
AOF ATOSS Software
11.4x12.7%€1.9b
TMV TeamViewer
2.7x6.5%€1.8b
8QR Confluent
11.3x16.6%€10.3b

Price-To-Sales vs Peers: 8QR is good value based on its Price-To-Sales Ratio (11.3x) compared to the peer average (13.8x).

Price to Sales Ratio vs Industry

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

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
CSH CENIT
0.4x5.2%US$74.07m
CLIQ Cliq Digital
0.09x13.2%US$25.77m
LSX LS telcom
0.5x5.0%US$21.11m
IVX InVision
0.6xn/aUS$9.59m
8QR 11.3xIndustry Avg. 2.2xNo. of Companies7PS02.44.87.29.612+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 8QR is expensive based on its Price-To-Sales Ratio (11.3x) compared to the German Software industry average (2.2x).

Price to Sales Ratio vs Fair Ratio

What is 8QR'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.

8QR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio11.3x
Fair PS Ratio9.6x

Price-To-Sales vs Fair Ratio: 8QR is expensive based on its Price-To-Sales Ratio (11.3x) compared to the estimated Fair Price-To-Sales Ratio (9.6x).

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 8QR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€29.30
€29.75
+1.6%
11.8%€37.75€23.60n/a31
Nov ’25€23.87
€29.09
+21.9%
11.8%€36.91€23.07n/a31
Oct ’25€18.14
€26.53
+46.2%
14.4%€35.83€20.60n/a30
Sep ’25€18.82
€27.32
+45.2%
13.1%€36.08€21.65n/a29
Aug ’25€20.82
€28.51
+37.0%
12.3%€37.07€23.17n/a29
Jul ’25€27.04
€32.86
+21.5%
10.6%€39.10€26.07n/a31
Jun ’25€25.00
€32.48
+29.9%
10.8%€38.64€25.76n/a30
May ’25€26.76
€31.97
+19.5%
12.5%€39.53€25.41n/a29
Apr ’25€27.92
€31.50
+12.8%
12.6%€38.87€24.99n/a29
Mar ’25€31.64
€30.88
-2.4%
15.0%€38.85€17.82n/a29
Feb ’25€20.62
€24.25
+17.6%
16.6%€36.93€17.79n/a28
Jan ’25€21.84
€22.83
+4.5%
14.3%€31.19€17.43n/a25
Dec ’24€19.38
€22.46
+15.9%
14.6%€31.03€17.34n/a25
Nov ’24€27.12
€36.02
+32.8%
11.2%€42.39€28.26€23.8721
Oct ’24€27.14
€37.35
+37.6%
8.7%€42.61€28.40€18.1420
Sep ’24€31.50
€36.56
+16.1%
8.6%€41.77€27.85€18.8221
Aug ’24€31.21
€33.64
+7.8%
14.4%€40.56€21.63€20.8219
Jul ’24€31.45
€33.82
+7.6%
14.8%€40.96€21.85€27.0419
Jun ’24€29.91
€26.67
-10.8%
13.6%€32.75€18.71€25.0020
May ’24€20.50
€25.70
+25.4%
13.2%€29.95€17.24€26.7619
Apr ’24€20.65
€27.43
+32.8%
26.3%€55.31€17.52€27.9220
Mar ’24€22.80
€27.17
+19.1%
26.9%€54.62€17.30€31.6419
Feb ’24€21.00
€27.17
+29.4%
26.9%€54.62€17.30€20.6219
Jan ’24€20.35
€33.77
+66.0%
25.9%€56.57€23.57€21.8417
Dec ’23€21.65
€37.09
+71.3%
25.2%€61.52€25.63€19.3817
Nov ’23€26.95
€39.42
+46.3%
25.0%€65.81€30.37€27.1217

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

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