Altium Limited

DB:A5V Stock Report

Market Cap: €5.4b

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This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Altium Valuation

Is A5V 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of A5V when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A5V (€41.6) is trading below our estimate of fair value (€44.71)

Significantly Below Fair Value: A5V 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 A5V?

Key metric: As A5V is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for A5V. This is calculated by dividing A5V's market cap by their current earnings.
What is A5V's PE Ratio?
PE Ratio84x
EarningsUS$69.73m
Market CapUS$5.86b

Price to Earnings Ratio vs Peers

How does A5V's PE Ratio compare to its peers?

The above table shows the PE ratio for A5V vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average38.5x
NEM Nemetschek
67.5x18.6%€11.5b
AOF ATOSS Software
43.4x7.8%€1.9b
TMV TeamViewer
15x11.1%€1.8b
MUM Mensch und Maschine Software
28.1x14.0%€897.2m
A5V Altium
84x20.1%€9.0b

Price-To-Earnings vs Peers: A5V is expensive based on its Price-To-Earnings Ratio (84x) compared to the peer average (41.3x).

Price to Earnings Ratio vs Industry

How does A5V's PE Ratio compare vs other companies in the European Software Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
A5V 84.0xIndustry Avg. 28.1xNo. of Companies18PE020406080100+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: A5V is expensive based on its Price-To-Earnings Ratio (84x) compared to the European Software industry average (30.9x).

Price to Earnings Ratio vs Fair Ratio

What is A5V's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

A5V PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio84x
Fair PE Ratio34.3x

Price-To-Earnings vs Fair Ratio: A5V is expensive based on its Price-To-Earnings Ratio (84x) compared to the estimated Fair Price-To-Earnings Ratio (34.3x).

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 A5V forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€39.16
0%
15.7%€41.34€21.78n/a9
Nov ’25n/a
€39.16
0%
15.7%€41.34€21.78n/a9
Oct ’25n/a
€39.16
0%
15.7%€41.34€21.78n/a9
Sep ’25n/a
€39.16
0%
15.7%€41.34€21.78n/a9
Aug ’25€41.60
€39.16
-5.9%
15.7%€41.34€21.78n/a9
Jul ’25€41.80
€40.76
-2.5%
13.1%€42.46€22.37n/a13
Jun ’25€40.60
€39.71
-2.2%
13.7%€41.96€22.11n/a13
May ’25€39.60
€39.50
-0.3%
13.7%€41.66€21.95n/a13
Apr ’25€39.00
€39.23
+0.6%
13.7%€41.44€21.80n/a13
Mar ’25€38.80
€39.12
+0.8%
13.7%€41.28€21.75n/a13
Feb ’25€29.80
€28.54
-4.2%
12.1%€34.17€22.13n/a15
Jan ’25€28.60
€28.13
-1.6%
10.2%€31.49€22.60n/a15
Dec ’24€26.60
€27.99
+5.2%
9.9%€31.29€22.46n/a15
Nov ’24€23.40
€26.14
+11.7%
12.1%€30.24€17.76n/a16
Oct ’24€26.00
€26.17
+0.6%
12.3%€30.40€17.86n/a15
Sep ’24€28.00
€25.11
-10.3%
12.4%€29.93€17.58n/a15
Aug ’24€22.60
€23.31
+3.1%
11.4%€26.19€17.68€41.6015
Jul ’24€22.40
€23.84
+6.4%
11.9%€26.86€17.93€41.8015
Jun ’24€24.20
€23.95
-1.0%
11.4%€26.88€17.95€40.6015
May ’24€22.80
€23.67
+3.8%
11.4%€26.59€17.75€39.6015
Apr ’24€23.28
€24.56
+5.5%
9.5%€27.12€19.72€39.0014
Mar ’24€24.25
€25.13
+3.7%
9.6%€27.88€20.27€38.8014
Feb ’24€24.64
€23.48
-4.7%
14.3%€27.48€15.69€29.8015
Jan ’24€21.55
€23.19
+7.6%
15.0%€27.34€15.62€28.6014
Dec ’23€24.68
€23.19
-6.0%
15.0%€27.34€15.62€26.6014
Nov ’23€22.49
€22.41
-0.4%
13.8%€26.58€15.67€23.4013

Analyst Forecast: Target price is lower than the current share price.

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