Horizon Robotics

DB:8YO Stock Report

Market Cap: €6.9b

Horizon Robotics Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 8YO (€0.45) is trading below our estimate of future cash flow value (€1.04)

Significantly Below Future Cash Flow Value: 8YO is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for 8YO. This is calculated by dividing 8YO's market cap by their current revenue.
What is 8YO's PS Ratio?
PS Ratio12.4x
SalesCN¥4.27b
Market CapCN¥52.91b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for 8YO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.9x
NEM Nemetschek
5.5x14.76%€7.0b
AOF ATOSS Software
7.2x11.78%€1.4b
CHG CHAPTERS Group
5.6x29.11%€1.0b
TMV TeamViewer
1.3x4.37%€988.6m
8YO Horizon Robotics
12.4x33.35%€62.0b

Price-To-Sales vs Peers: 8YO is expensive based on its Price-To-Sales Ratio (12.4x) compared to the peer average (4.9x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

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

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
CSH CENIT
0.3x4.47%US$79.64m
LSX LS telcom
0.5x2.96%US$24.71m
50C SOLAI
0.5xn/aUS$11.08m
8DQ GetSwift Technologies
0.07xn/aUS$2.53m
8YO 12.4xIndustry Avg. 2.1xNo. of Companies9PS02.44.87.29.612+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 8YO is expensive based on its Price-To-Sales Ratio (12.4x) compared to the German Software industry average (2.1x).

Price to Sales Ratio vs Fair Ratio

What is 8YO'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.

8YO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio12.4x
Fair PS Ratio11.6x

Price-To-Sales vs Fair Ratio: 8YO is expensive based on its Price-To-Sales Ratio (12.4x) compared to the estimated Fair Price-To-Sales Ratio (11.6x).

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 8YO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.45
€0.90
+98.51%
23.45%€1.45€0.61n/a19
Sep ’27€0.50
€1.04
+108.06%
25.83%€1.56€0.61n/a19
Aug ’27€0.58
€1.15
+99.09%
20.70%€1.56€0.70n/a19
Jul ’27€0.48
€1.23
+157.29%
14.38%€1.56€0.94n/a20
Jun ’27€0.60
€1.25
+108.33%
16.55%€1.71€0.93n/a21
May ’27€0.77
€1.29
+68.07%
16.07%€1.68€0.91n/a21
Apr ’27€0.75
€1.33
+76.79%
15.58%€1.70€0.92n/a21
Mar ’27€0.86
€1.35
+56.00%
11.80%€1.66€0.99n/a19
Feb ’27€0.90
€1.33
+47.97%
12.39%€1.69€0.97n/a19
Jan ’27€0.96
€1.35
+40.04%
12.67%€1.71€0.98n/a18
Dec ’26€0.91
€1.34
+47.07%
12.67%€1.71€0.99n/a20
Nov ’26€0.99
€1.33
+33.99%
12.92%€1.71€0.99n/a19
Oct ’26€1.07
€1.30
+21.35%
12.23%€1.64€0.97n/a19
Sep ’26n/a
€1.26
0%
12.60%€1.64€0.97€0.5020
Aug ’26n/a
€1.08
0%
18.81%€1.44€0.61€0.5817
Jul ’26n/a
€1.10
0%
18.03%€1.48€0.60€0.4816
Jun ’26n/a
€1.15
0%
18.90%€1.53€0.62€0.6013
May ’26n/a
€1.11
0%
23.78%€1.50€0.61€0.7710
Apr ’26n/a
€1.18
0%
23.89%€1.58€0.64€0.7510
Mar ’26n/a
€1.10
0%
32.72%€1.51€0.62€0.867
Feb ’26n/a
€0.66
0%
6.45%€0.69€0.58€0.906
Jan ’26n/a
€0.65
0%
6.96%€0.68€0.57€0.965
Dec ’25n/a
€0.69
0%
2.53%€0.70€0.67€0.912
€0.87
Fair Value
47.8% undervalued intrinsic discount
19
Number of Analysts

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/21 15:12
End of Day Share Price 2026/09/21 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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.

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 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 Github.

Analyst Sources

Horizon Robotics is covered by 32 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Qingyuan LinBernstein
Yawen TanBNP Paribas
Huiqun LiBofA Global Research