Pulsar Group plc

DB:8TB Stock Report

Market Cap: €84.7m

Pulsar Group Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: 8TB (€0.64) is trading below our estimate of fair value (€2.21)

Significantly Below Fair Value: 8TB is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for 8TB. This is calculated by dividing 8TB's market cap by their current revenue.
What is 8TB's PS Ratio?
PS Ratio1.1x
SalesUK£61.94m
Market CapUK£70.23m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for 8TB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.3x
CSH CENIT
0.3x4.7%€64.0m
SJJ Serviceware
1.2x8.7%€125.0m
BSS Beta Systems Software
1.5x9.1%€114.1m
ESY Easy Software
2.3xn/a€121.8m
8TB Pulsar Group
1.1x6.1%€70.2m

Price-To-Sales vs Peers: 8TB is good value based on its Price-To-Sales Ratio (1.1x) compared to the peer average (1.3x).

Price to Sales Ratio vs Industry

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

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
CSH CENIT
0.3x4.7%US$65.65m
CLIQ Cliq Digital
0.1x12.3%US$28.10m
ISHA INTERSHOP Communications
0.7x5.0%US$26.17m
LSX LS telcom
0.4x2.5%US$18.55m
8TB 1.1xIndustry Avg. 2.2xNo. of Companies7PS02.85.68.411.214+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 8TB is good value based on its Price-To-Sales Ratio (1.1x) compared to the German Software industry average (2.2x).

Price to Sales Ratio vs Fair Ratio

What is 8TB'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.

8TB PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.1x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 8TB's Price-To-Sales 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 8TB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.64
€1.56
+144.3%
17.0%€1.83€1.30n/a2
Dec ’25€0.68
€1.56
+128.3%
17.0%€1.83€1.30n/a2
Nov ’25€0.70
€1.56
+121.9%
17.0%€1.83€1.30n/a2
Oct ’25€0.69
€1.56
+126.6%
17.0%€1.83€1.30n/a2
Sep ’25€0.86
€1.56
+81.5%
17.0%€1.83€1.30n/a2
Aug ’25n/a
€1.56
0%
17.0%€1.83€1.30n/a2
Jul ’25n/a
€1.56
0%
17.0%€1.83€1.30n/a2
Jun ’25n/a
€1.56
0%
17.0%€1.82€1.29n/a2
May ’25n/a
€1.54
0%
17.0%€1.81€1.28n/a2
Apr ’25n/a
€1.54
0%
17.0%€1.81€1.28n/a2
Mar ’25n/a
€1.54
0%
17.0%€1.81€1.28n/a2
Feb ’25n/a
€1.54
0%
17.0%€1.81€1.28n/a2
Jan ’25n/a
€1.53
0%
17.0%€1.79€1.27€0.642
Dec ’24n/a
€1.53
0%
17.0%€1.79€1.27€0.682
Nov ’24n/a
€1.53
0%
17.0%€1.79€1.27€0.702
Oct ’24n/a
€1.54
0%
17.0%€1.81€1.28€0.692
Sep ’24n/a
€1.53
0%
17.0%€1.79€1.27€0.862
Aug ’24n/a
€1.34
0%
26.8%€1.80€0.93n/a3
Jul ’24n/a
€1.59
0%
29.9%€2.04€0.93n/a3
Jun ’24n/a
€1.55
0%
29.9%€1.98€0.91n/a3
May ’24n/a
€1.55
0%
29.9%€1.98€0.91n/a3
Apr ’24n/a
€1.59
0%
29.9%€2.03€0.93n/a3
Mar ’24n/a
€1.59
0%
29.9%€2.03€0.93n/a3
Feb ’24n/a
€1.59
0%
29.9%€2.03€0.93n/a3
Jan ’24n/a
€1.59
0%
29.9%€2.03€0.93n/a3

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 04:11
End of Day Share Price 2025/01/02 00:00
Earnings2024/05/31
Annual Earnings2023/11/30

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

Pulsar Group plc is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew Murray DarleyCavendish
Philip MorrishGrowth Equities & Company Research
Harvey RobinsonPanmure Liberum