PAR Technology Corporation

DB:35U Stock Report

Market Cap: €2.6b

PAR Technology Valuation

Is 35U undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 35U when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 35U (€71.5) is trading above our estimate of fair value (€49.09)

Significantly Below Fair Value: 35U is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 35U?

Key metric: As 35U is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 35U. This is calculated by dividing 35U's market cap by their current revenue.
What is 35U's PS Ratio?
PS Ratio6.2x
SalesUS$453.99m
Market CapUS$2.76b

Price to Sales Ratio vs Peers

How does 35U's PS Ratio compare to its peers?

The above table shows the PS ratio for 35U vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.6x
JEN Jenoptik
1.1x4.4%€1.2b
S9I Stemmer Imaging
2.8x9.4%€349.7m
LPK LPKF Laser & Electronics
1.6x11.6%€209.3m
BKHT Brockhaus Technologies
1.1x13.7%€249.7m
35U PAR Technology
6.2x8.5%€2.8b

Price-To-Sales vs Peers: 35U is expensive based on its Price-To-Sales Ratio (6.2x) compared to the peer average (1.6x).

Price to Sales Ratio vs Industry

How does 35U's PS Ratio compare vs other companies in the DE Electronic Industry?

5 CompaniesPrice / SalesEstimated GrowthMarket Cap
SCE Schweizer Electronic
0.08x4.3%US$13.12m
IS7 InTiCa Systems
0.08x7.0%US$7.44m
UDC UniDevice
0.004x4.6%US$1.94m
7PF0 Syncro Group
0.02xn/aUS$486.57k
35U 6.2xIndustry Avg. 0.9xNo. of Companies5PS00.40.81.21.62+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 35U is expensive based on its Price-To-Sales Ratio (6.2x) compared to the European Electronic industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

What is 35U'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.

35U PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.2x
Fair PS Ratio0.8x

Price-To-Sales vs Fair Ratio: 35U is expensive based on its Price-To-Sales Ratio (6.2x) compared to the estimated Fair Price-To-Sales Ratio (0.8x).

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 35U forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€71.50
€79.11
+10.6%
7.9%€86.65€66.87n/a8
Nov ’25€54.00
€59.49
+10.2%
7.8%€65.36€52.47n/a8
Oct ’25€46.60
€57.07
+22.5%
9.5%€64.96€47.57n/a8
Sep ’25€48.40
€57.07
+17.9%
9.5%€64.96€47.57n/a8
Aug ’25€46.40
€53.12
+14.5%
14.3%€63.61€41.49n/a8
Jul ’25€41.60
€51.44
+23.6%
13.6%€60.52€41.90n/a8
Jun ’25€42.60
€48.75
+14.4%
14.1%€60.07€41.58n/a8
May ’25€41.20
€48.94
+18.8%
14.3%€61.17€42.35n/a7
Apr ’25€42.20
€47.07
+11.5%
15.6%€59.49€38.44n/a7
Mar ’25€40.20
€44.56
+10.8%
9.9%€50.75€36.91n/a7
Feb ’25€41.80
€42.47
+1.6%
7.5%€47.09€37.86n/a7
Jan ’25€39.20
€42.92
+9.5%
7.2%€47.73€39.31n/a7
Dec ’24€33.40
€42.92
+28.5%
7.2%€47.73€39.31n/a7
Nov ’24€27.60
€43.42
+57.3%
5.0%€47.34€40.71€54.007
Oct ’24€36.60
€38.09
+4.1%
13.8%€45.89€32.12€46.606
Sep ’24€39.60
€38.09
-3.8%
13.8%€45.89€32.12€48.406
Aug ’24€31.00
€36.06
+16.3%
11.4%€42.37€30.65€46.406
Jul ’24€30.20
€36.82
+21.9%
12.3%€43.05€31.14€41.605
Jun ’24€32.40
€36.82
+13.6%
12.3%€43.05€31.14€42.605
May ’24€27.20
€36.95
+35.8%
13.6%€44.59€30.94€41.205
Apr ’24€29.60
€36.49
+23.3%
16.6%€44.93€27.51€42.205
Mar ’24€32.40
€35.27
+8.8%
32.0%€54.40€23.45€40.205
Feb ’24€30.80
€34.63
+12.4%
32.0%€53.42€23.03€41.805
Jan ’24€24.00
€35.88
+49.5%
31.2%€55.99€22.20€39.206
Dec ’23€23.40
€35.88
+53.3%
31.2%€55.99€22.20€33.406
Nov ’23€28.80
€51.42
+78.6%
14.0%€60.70€40.46€27.606

Analyst Forecast: Target price is less than 20% higher than the current share price.

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