CommScope Holding Company, Inc.

DB:CM9 Stock Report

Market Cap: €917.9m

CommScope Holding Company Valuation

Is CM9 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 CM9 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CM9 (€4.18) is trading below our estimate of fair value (€50.87)

Significantly Below Fair Value: CM9 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CM9?

Key metric: As CM9 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for CM9. This is calculated by dividing CM9's market cap by their current revenue.
What is CM9's PS Ratio?
PS Ratio0.2x
SalesUS$5.18b
Market CapUS$964.98m

Price to Sales Ratio vs Peers

How does CM9's PS Ratio compare to its peers?

The above table shows the PS ratio for CM9 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.1x
ADV Adtran Networks
2.1x4.6%€1.0b
FEW Funkwerk
1xn/a€165.2m
CEK CeoTronics
1.4x10.3%€44.7m
GGS Gigaset
0.03x5.6%€9.1m
CM9 CommScope Holding Company
0.2x-0.08%€965.0m

Price-To-Sales vs Peers: CM9 is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (1.1x).

Price to Sales Ratio vs Industry

How does CM9's PS Ratio compare vs other companies in the European Communications Industry?

8 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.1.1x2.6%
CM9 CommScope Holding Company
 0.2x-0.08%US$964.98m
CM9 0.2xIndustry Avg. 1.1xNo. of Companies8PS00.81.62.43.24+
8 CompaniesEstimated GrowthMarket Cap
Industry Avg.1.1x58.6%
CM9 CommScope Holding Company
 0.2x50.7%US$964.98m
No more companies

Price-To-Sales vs Industry: CM9 is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Communications industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is CM9'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.

CM9 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: CM9 is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

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 CM9 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€4.18
€3.45
-17.4%
47.2%€5.60€1.12n/a6
Nov ’25€6.10
€2.20
-64.0%
26.5%€2.74€1.10n/a6
Oct ’25€5.15
€2.20
-57.4%
26.5%€2.74€1.10n/a6
Sep ’25€3.80
€2.20
-42.2%
26.5%€2.74€1.10n/a6
Aug ’25€2.38
€1.50
-36.9%
35.3%€2.31€0.92n/a6
Jul ’25€1.14
€1.12
-1.6%
14.2%€1.39€0.93n/a6
Jun ’25€1.39
€1.12
-19.3%
14.2%€1.39€0.93n/a6
May ’25€0.91
€1.11
+21.5%
14.2%€1.37€0.92n/a6
Apr ’25€1.17
€1.11
-5.5%
14.2%€1.37€0.92n/a6
Mar ’25€1.09
€1.54
+41.1%
20.6%€1.85€1.15n/a6
Feb ’25€2.14
€2.02
-5.5%
18.2%€2.76€1.84n/a5
Jan ’25€2.62
€2.64
+0.8%
51.0%€5.56€1.85n/a6
Dec ’24€1.52
€2.61
+71.9%
53.3%€5.62€1.64n/a6
Nov ’24€1.38
€5.16
+273.7%
43.5%€9.92€3.54€6.106
Oct ’24€2.94
€5.31
+80.8%
37.6%€9.83€3.51€5.157
Sep ’24€3.08
€4.95
+60.6%
38.4%€9.54€3.41€3.808
Aug ’24€4.04
€6.17
+52.7%
30.0%€10.85€4.61€2.388
Jul ’24€5.10
€7.43
+45.7%
26.6%€10.89€4.99€1.148
Jun ’24€3.74
€7.43
+98.6%
26.6%€10.89€4.99€1.398
May ’24€4.12
€8.90
+116.1%
29.5%€13.61€4.99€0.918
Apr ’24€5.60
€11.06
+97.5%
18.1%€13.97€8.38€1.178
Mar ’24€6.80
€10.69
+57.2%
22.4%€14.15€6.60€1.099
Feb ’24€7.60
€10.75
+41.5%
26.5%€15.67€6.45€2.149
Jan ’24€6.75
€10.26
+51.9%
27.9%€16.01€6.59€2.629
Dec ’23€8.50
€11.96
+40.7%
26.8%€17.43€7.18€1.529
Nov ’23€13.10
€11.91
-9.1%
27.4%€17.52€7.21€1.389

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

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