Bridgeline Digital Valuation

Is BL43 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 BL43 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€1.88
Fair Value
30.9% undervalued intrinsic discount
2
Number of Analysts

Below Fair Value: BL43 (€1.3) is trading below our estimate of fair value (€1.88)

Significantly Below Fair Value: BL43 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for BL43?

Key metric: As BL43 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for BL43. This is calculated by dividing BL43's market cap by their current revenue.
What is BL43's PS Ratio?
PS Ratio1x
SalesUS$15.39m
Market CapUS$15.19m

Price to Sales Ratio vs Peers

How does BL43's PS Ratio compare to its peers?

The above table shows the PS ratio for BL43 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average6.2x
R1B Rubean
19.7x55.9%€15.5m
TBX0 tick Trading Software
2.1xn/a€17.8m
SLSA Solutiance
2.1xn/a€11.6m
IVX InVision
0.7xn/a€10.3m
BL43 Bridgeline Digital
1x7.4%€15.2m

Price-To-Sales vs Peers: BL43 is good value based on its Price-To-Sales Ratio (1x) compared to the peer average (6.2x).


Price to Sales Ratio vs Industry

How does BL43's PS Ratio compare vs other companies in the DE Software Industry?

5 CompaniesPrice / SalesEstimated GrowthMarket Cap
CSH CENIT
0.4x4.4%US$77.86m
CLIQ Cliq Digital
0.1x1.3%US$38.09m
8DQ GetSwift Technologies
0.07xn/aUS$2.53m
9R6 Scape Technologies
0.3xn/aUS$256.04k
BL43 1.0xIndustry Avg. 2.3xNo. of Companies6PS02.44.87.29.612+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: BL43 is good value based on its Price-To-Sales Ratio (1x) compared to the German Software industry average (2.3x).


Price to Sales Ratio vs Fair Ratio

What is BL43'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.

BL43 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1x
Fair PS Ratio1.1x

Price-To-Sales vs Fair Ratio: BL43 is good value based on its Price-To-Sales Ratio (1x) compared to the estimated Fair Price-To-Sales Ratio (1.1x).


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 BL43 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.30
€3.86
+197.0%
13.8%€4.39€3.33n/a2
Mar ’26€1.21
€3.86
+219.1%
13.8%€4.39€3.33n/a2
Sep ’25€0.76
€1.64
+115.1%
9.6%€1.79€1.48n/a2
Aug ’25€0.81
€1.69
+109.4%
9.6%€1.85€1.52n/a2
Jul ’25€0.80
€2.30
+187.0%
37.2%€3.49€1.54n/a3
Jun ’25€1.01
€2.89
+186.0%
33.6%€3.69€1.52n/a3
May ’25€1.10
€2.89
+162.6%
33.6%€3.69€1.52n/a3
Apr ’25€1.05
€2.89
+175.1%
33.6%€3.69€1.52n/a3
Mar ’25€0.99
€2.89
+190.3%
33.6%€3.69€1.52€1.213
Feb ’25€0.72
€2.82
+292.2%
36.5%€3.66€1.37€1.723
Jan ’25€0.78
€2.92
+274.0%
36.5%€3.78€1.42€1.333
Dec ’24€0.73
€2.92
+299.7%
36.5%€3.78€1.42€1.033
Nov ’24€0.68
€2.92
+332.2%
36.5%€3.78€1.42€0.973
Oct ’24€0.77
€2.89
+278.1%
36.5%€3.75€1.41€0.973
Sep ’24€0.82
€2.88
+250.9%
31.8%€3.63€1.59€0.763
Aug ’24€1.03
€2.88
+179.4%
31.8%€3.63€1.59€0.813
Jul ’24€1.07
€2.57
+140.5%
36.4%€3.51€1.64€0.802
Jun ’24€0.94
€2.57
+172.3%
36.4%€3.51€1.64€1.012
May ’24€0.80
€2.76
+247.0%
31.6%€3.63€1.89€1.102
Apr ’24€0.84
€2.76
+230.1%
31.6%€3.63€1.89€1.052
Mar ’24€0.93
€2.76
+197.9%
31.6%€3.63€1.89€0.992
Analyst Price Target
Consensus Narrative from 2 Analysts
€3.67
Fair Value
64.5% undervalued intrinsic discount
2
Number of Analysts

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.


Discover undervalued companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/21 04:53
End of Day Share Price 2025/03/21 00:00
Earnings2024/12/31
Annual Earnings2024/09/30

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

Bridgeline Digital, Inc. 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
Harry RussellRedChip Companies, Inc.
Howard HalpernTaglich Brothers, Inc.
Casey RyanWestPark Capital, Inc.