SiteMinder Limited

DB:9HO Stock Report

Market Cap: €903.5m

SiteMinder Valuation

Is 9HO 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 9HO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

€3.29
Fair Value
8.8% undervalued intrinsic discount
17
Number of Analysts

Below Fair Value: 9HO (€3) is trading below our estimate of fair value (€3.29)

Significantly Below Fair Value: 9HO is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9HO?

Key metric: As 9HO is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 9HO. This is calculated by dividing 9HO's market cap by their current revenue.
What is 9HO's PS Ratio?
PS Ratio7.2x
SalesAU$224.45m
Market CapAU$1.61b

Price to Sales Ratio vs Peers

How does 9HO's PS Ratio compare to its peers?

The above table shows the PS ratio for 9HO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average6.2x
TMV TeamViewer
1.2x6.34%€846.8m
1INN innoscripta
10.2x24.71%€985.0m
AOF ATOSS Software
9.2x12.24%€1.7b
NB2 Northern Data
4.3x24.39%€870.5m
9HO SiteMinder
7.2x18.89%€1.6b

Price-To-Sales vs Peers: 9HO is expensive based on its Price-To-Sales Ratio (7.2x) compared to the peer average (6.2x).

Price to Sales Ratio vs Industry

How does 9HO's PS Ratio compare vs other companies in the DE Software Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
CSH CENIT
0.3x3.32%US$61.59m
LSX LS telcom
0.5x2.10%US$24.82m
ISHA INTERSHOP Communications
0.5x4.37%US$18.28m
CLIQ Cliq Digital
0.06x-27.91%US$11.12m
9HO 7.2xIndustry Avg. 2.1xNo. of Companies8PS02.44.87.29.612+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 9HO is expensive based on its Price-To-Sales Ratio (7.2x) compared to the German Software industry average (2.1x).

Price to Sales Ratio vs Fair Ratio

What is 9HO'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.

9HO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio7.2x
Fair PS Ratio2.3x

Price-To-Sales vs Fair Ratio: 9HO is expensive based on its Price-To-Sales Ratio (7.2x) compared to the estimated Fair Price-To-Sales Ratio (2.3x).

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 9HO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€3.00
€4.52
+50.72%
12.93%€6.09€3.00n/a17
Nov ’26€3.94
€4.52
+14.76%
12.93%€6.09€3.00n/a17
Oct ’26€3.98
€4.41
+10.80%
13.05%€6.03€2.97n/a17
Sep ’26€2.96
€4.27
+44.16%
13.61%€6.02€2.97n/a17
Aug ’26€2.84
€3.45
+21.39%
19.45%€5.58€2.48n/a17
Jul ’26€2.38
€3.45
+45.13%
20.33%€5.58€2.34n/a17
Jun ’26€2.54
€3.54
+39.32%
21.51%€5.67€2.38n/a15
May ’26€2.26
€3.87
+71.46%
14.06%€5.65€3.05n/a15
Apr ’26€2.44
€4.11
+68.24%
14.07%€5.98€3.23n/a15
Mar ’26€2.88
€4.13
+43.43%
14.26%€6.00€3.24n/a15
Feb ’26€3.50
€4.22
+20.67%
13.98%€5.98€3.29n/a15
Jan ’26€3.50
€4.31
+23.29%
14.24%€6.16€3.39n/a15
Dec ’25€4.02
€4.29
+6.65%
14.10%€6.16€3.39n/a15
Nov ’25n/a
€4.19
0%
13.97%€6.06€3.33€3.9415
Oct ’25n/a
€4.08
0%
19.94%€6.21€1.99€3.9816
Sep ’25n/a
€3.98
0%
19.90%€6.10€1.95€2.9616
Aug ’25n/a
€3.94
0%
19.81%€6.03€1.93€2.8416
Jul ’25n/a
€4.03
0%
20.04%€6.23€1.99€2.3816
Jun ’25n/a
€3.77
0%
15.73%€4.67€1.96€2.5415
May ’25n/a
€3.72
0%
15.60%€4.62€1.94€2.2615
Apr ’25n/a
€3.65
0%
15.71%€4.61€1.94€2.4415
Mar ’25n/a
€3.60
0%
15.79%€4.58€1.92€2.8815
Feb ’25n/a
€3.62
0%
11.34%€4.63€3.04€3.5014
Jan ’25n/a
€3.34
0%
15.03%€4.53€2.84€3.5014
Dec ’24n/a
€3.13
0%
22.84%€4.44€1.13€4.0215
Nov ’24n/a
€3.13
0%
22.84%€4.44€1.13n/a15
€4.15
Fair Value
27.7% undervalued intrinsic discount
17
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/21 17:32
End of Day Share Price 2025/11/21 00:00
Earnings2025/06/30
Annual Earnings2025/06/30

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.

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 Github.

Analyst Sources

SiteMinder Limited is covered by 23 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Josh KannourakisBarrenjoey Markets Pty Limited
Cameron HalkettCanaccord Genuity
Siraj AhmedCitigroup Inc