Asana, Inc.

DB:A6N Stock Report

Market Cap: €4.8b

Asana Valuation

Is A6N 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 A6N when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A6N (€21.4) is trading above our estimate of fair value (€17.02)

Significantly Below Fair Value: A6N is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A6N?

Key metric: As A6N is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for A6N. This is calculated by dividing A6N's market cap by their current revenue.
What is A6N's PS Ratio?
PS Ratio7x
SalesUS$706.68m
Market CapUS$4.96b

Price to Sales Ratio vs Peers

How does A6N's PS Ratio compare to its peers?

The above table shows the PS ratio for A6N vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average14.8x
NB2 Northern Data
34.8x31.5%€2.7b
AOF ATOSS Software
10.4x12.7%€1.7b
NEM Nemetschek
11.7x14.1%€10.8b
TMV TeamViewer
2.1x7.5%€1.4b
A6N Asana
7x11.2%€5.0b

Price-To-Sales vs Peers: A6N is good value based on its Price-To-Sales Ratio (7x) compared to the peer average (14.8x).

Price to Sales Ratio vs Industry

How does A6N's PS Ratio compare vs other companies in the DE Software Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
CSH CENIT
0.3x5.2%US$64.17m
CLIQ Cliq Digital
0.1x13.2%US$32.55m
LSX LS telcom
0.4x5.0%US$16.92m
8DQ GetSwift Technologies
0.07xn/aUS$2.53m
A6N 7.0xIndustry Avg. 2.1xNo. of Companies6PS02.44.87.29.612+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: A6N is expensive based on its Price-To-Sales Ratio (7x) compared to the German Software industry average (2.1x).

Price to Sales Ratio vs Fair Ratio

What is A6N'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.

A6N PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio7x
Fair PS Ratio8.6x

Price-To-Sales vs Fair Ratio: A6N is good value based on its Price-To-Sales Ratio (7x) compared to the estimated Fair Price-To-Sales Ratio (8.6x).

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 A6N forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€21.40
€18.03
-15.8%
24.9%€28.55€9.52n/a16
Dec ’25€14.10
€13.47
-4.5%
19.8%€19.83€9.44n/a18
Nov ’25€10.70
€13.15
+22.9%
20.4%€19.42€9.25n/a17
Oct ’25€10.10
€12.75
+26.3%
21.1%€18.91€9.01n/a17
Sep ’25€12.40
€14.95
+20.6%
24.2%€24.27€8.99n/a17
Aug ’25€13.20
€15.57
+18.0%
23.5%€24.76€9.17n/a17
Jul ’25€12.80
€16.03
+25.3%
23.6%€25.28€9.36n/a16
Jun ’25€13.20
€16.30
+23.5%
22.7%€24.89€9.22n/a16
May ’25€14.00
€18.26
+30.4%
23.0%€26.12€9.33n/a17
Apr ’25€14.23
€18.18
+27.8%
22.7%€25.85€9.23n/a17
Mar ’25€17.94
€18.54
+3.3%
21.5%€25.80€9.22n/a16
Feb ’25€15.95
€18.24
+14.4%
21.6%€25.81€9.22n/a15
Jan ’25€17.30
€18.28
+5.7%
22.9%€25.45€9.09n/a14
Dec ’24€18.98
€19.77
+4.1%
23.8%€28.33€9.44€14.1015
Nov ’24€16.72
€19.77
+18.2%
23.8%€28.33€9.44€10.7015
Oct ’24€17.36
€21.37
+23.1%
23.9%€28.08€9.36€10.1012
Sep ’24€19.58
€21.34
+9.0%
26.3%€29.21€9.13€12.4013
Aug ’24€21.87
€21.34
-2.4%
26.3%€29.21€9.13€13.2013
Jul ’24n/a
€21.34
0%
26.3%€29.21€9.13€12.8013
Jun ’24n/a
€20.27
0%
25.3%€27.64€9.21€13.2013
May ’24n/a
€21.01
0%
25.2%€27.96€9.32€14.0013
Apr ’24n/a
€21.01
0%
25.2%€27.96€9.32€14.2313
Mar ’24n/a
€17.32
0%
28.4%€27.69€9.23€17.9413
Feb ’24n/a
€17.32
0%
28.4%€27.69€9.23€15.9513
Jan ’24n/a
€19.13
0%
25.7%€28.48€11.39€17.3013
Dec ’23n/a
€24.82
0%
28.0%€41.62€14.52€18.9814

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:22
End of Day Share Price 2024/12/20 00:00
Earnings2024/10/31
Annual Earnings2024/01/31

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 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

Asana, Inc. is covered by 26 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert OliverBaird
Ishan MajumdarBaptista Research
Michael FunkBofA Global Research