Kingdee International Software Group Company Limited

DB:KDIC Stock Report

Market Cap: €3.6b

Kingdee International Software Group Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: KDIC (€0.99) is trading below our estimate of fair value (€4.48)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for KDIC. This is calculated by dividing KDIC's market cap by their current revenue.
What is KDIC's PS Ratio?
PS Ratio4.5x
SalesCN¥5.98b
Market CapCN¥27.03b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for KDIC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average13.8x
NB2 Northern Data
28.7x31.5%€2.2b
AOF ATOSS Software
11.5x12.7%€1.9b
TMV TeamViewer
2.7x6.5%€1.8b
NEM Nemetschek
12.3x14.1%€11.4b
KDIC Kingdee International Software Group
4.5x14.1%€29.1b

Price-To-Sales vs Peers: KDIC is good value based on its Price-To-Sales Ratio (4.5x) compared to the peer average (13.8x).

Price to Sales Ratio vs Industry

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

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
CSH CENIT
0.3x5.2%US$72.36m
CLIQ Cliq Digital
0.08x13.2%US$24.26m
LSX LS telcom
0.5x5.0%US$21.24m
IVX InVision
0.6xn/aUS$9.69m
KDIC 4.5xIndustry Avg. 2.1xNo. of Companies7PS02.44.87.29.612+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: KDIC is expensive based on its Price-To-Sales Ratio (4.5x) compared to the German Software industry average (2.2x).

Price to Sales Ratio vs Fair Ratio

What is KDIC'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.

KDIC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.5x
Fair PS Ratio5.7x

Price-To-Sales vs Fair Ratio: KDIC is good value based on its Price-To-Sales Ratio (4.5x) compared to the estimated Fair Price-To-Sales Ratio (5.7x).

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 KDIC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.99
€1.21
+22.2%
24.5%€2.08€0.76n/a19
Nov ’25€0.93
€1.19
+27.8%
24.1%€2.07€0.76n/a21
Oct ’25€0.99
€1.14
+15.6%
24.0%€2.03€0.74n/a21
Sep ’25€0.71
€1.13
+59.0%
24.0%€2.00€0.73n/a21
Aug ’25€0.71
€1.41
+97.9%
22.6%€2.16€0.80n/a21
Jul ’25€0.85
€1.64
+91.5%
12.0%€2.35€1.38n/a21
Jun ’25€0.95
€1.63
+72.0%
11.9%€2.34€1.38n/a22
May ’25€0.98
€1.67
+69.6%
12.2%€2.37€1.40n/a23
Apr ’25€1.02
€1.71
+66.8%
14.2%€2.22€1.38n/a23
Mar ’25€0.98
€1.89
+92.6%
11.4%€2.27€1.43n/a23
Feb ’25€0.92
€1.90
+107.1%
11.4%€2.28€1.44n/a23
Jan ’25€1.28
€2.06
+61.2%
10.7%€2.56€1.68n/a22
Dec ’24€1.26
€2.10
+66.8%
10.5%€2.57€1.79n/a22
Nov ’24€1.24
€2.11
+69.4%
11.1%€2.64€1.69€0.9322
Oct ’24€1.13
€2.12
+87.4%
11.3%€2.63€1.69€0.9922
Sep ’24€1.40
€2.10
+49.8%
10.9%€2.60€1.78€0.7122
Aug ’24€1.51
€2.18
+44.7%
13.8%€2.81€1.62€0.7123
Jul ’24€1.21
€2.27
+87.7%
14.1%€3.02€1.62€0.8524
Jun ’24€1.27
€2.40
+89.0%
12.8%€3.16€1.69€0.9525
May ’24€1.40
€2.40
+71.7%
12.3%€3.13€1.68€0.9825
Apr ’24€1.46
€2.42
+65.5%
13.5%€3.19€1.55€1.0227
Mar ’24€1.89
€2.56
+35.6%
15.2%€3.27€1.59€0.9827
Feb ’24€2.04
€2.47
+21.2%
17.7%€3.23€1.57€0.9227
Jan ’24€1.97
€2.40
+22.1%
19.4%€3.24€1.55€1.2827
Dec ’23€1.63
€2.37
+45.1%
20.1%€3.23€1.55€1.2628
Nov ’23€1.68
€2.47
+47.0%
20.3%€3.57€1.59€1.2426

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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