Xerox Holdings Corporation

DB:XER2 Stock Report

Market Cap: €975.4m

Xerox Holdings Valuation

Is XER2 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 XER2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: XER2 (€7.77) is trading below our estimate of fair value (€14.42)

Significantly Below Fair Value: XER2 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for XER2?

Other financial metrics that can be useful for relative valuation.

XER2 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.7x
Enterprise Value/EBITDA12.3x
PEG Ration/a

Price to Sales Ratio vs Peers

How does XER2's PS Ratio compare to its peers?

The above table shows the PS ratio for XER2 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.2x
JY0 ParTec
7.1x41.2%€640.0m
M3BK Pyramid
0.3x8.8%€22.8m
HYI Hyrican Informationssysteme
1xn/a€25.7m
C3RY Cherry
0.1x1.8%€14.4m
XER2 Xerox Holdings
0.2x-0.5%€1.0b

Price-To-Sales vs Peers: XER2 is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (2.2x).


Price to Earnings Ratio vs Industry

How does XER2's PE Ratio compare vs other companies in the European Tech Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.0%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.0%
n/an/an/a
No more companies

Price-To-Sales vs Industry: XER2 is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Tech industry average (0.7x).


Price to Sales Ratio vs Fair Ratio

What is XER2'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.

XER2 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: XER2 is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).


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 XER2 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€7.77
€7.13
-8.3%
5.6%€7.36€6.44n/a4
Nov ’25€7.56
€7.83
+3.5%
17.6%€10.13€6.45n/a4
Oct ’25€9.15
€10.10
+10.4%
10.2%€11.80€9.08n/a4
Sep ’25€10.19
€10.10
-0.9%
10.2%€11.80€9.08n/a4
Aug ’25€9.58
€10.94
+14.2%
14.1%€12.89€9.21n/a4
Jul ’25€10.70
€13.26
+23.9%
13.7%€15.87€10.27n/a5
Jun ’25€12.86
€13.98
+8.8%
8.2%€15.85€13.05n/a4
May ’25€12.47
€14.18
+13.7%
7.7%€15.86€13.06n/a5
Apr ’25€16.31
€14.94
-8.4%
12.1%€17.54€12.83n/a5
Mar ’25€17.75
€14.94
-15.8%
12.1%€17.54€12.83n/a5
Feb ’25€16.93
€14.94
-11.8%
12.1%€17.54€12.83n/a5
Jan ’25€16.48
€12.66
-23.2%
10.1%€14.49€10.87n/a5
Dec ’24€13.00
€13.04
+0.3%
10.7%€15.14€11.35n/a5
Nov ’24€12.14
€13.04
+7.4%
10.7%€15.14€11.35€7.565
Oct ’24€14.78
€13.27
-10.2%
10.5%€14.97€12.07€9.155
Sep ’24€15.26
€12.70
-16.8%
13.0%€14.51€9.98€10.196
Aug ’24€14.23
€12.70
-10.8%
13.0%€14.51€9.98€9.586
Jul ’24€13.62
€12.54
-8.0%
18.9%€15.41€8.16€10.706
Jun ’24€13.00
€12.54
-3.5%
18.9%€15.41€8.16€12.866
May ’24€13.96
€12.54
-10.2%
18.9%€15.41€8.16€12.476
Apr ’24€14.00
€12.57
-10.2%
18.0%€15.83€9.31€16.316
Mar ’24€15.53
€12.14
-21.8%
19.6%€15.91€9.36€17.757
Feb ’24€15.16
€11.96
-21.1%
19.6%€15.67€9.22€16.937
Jan ’24€13.30
€12.58
-5.4%
16.2%€15.05€10.03€16.487
Dec ’23€15.39
€12.58
-18.2%
16.2%€15.05€10.03€13.007
Nov ’23€15.04
€12.58
-16.3%
16.2%€15.05€10.03€12.147

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


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