Trustpilot Group plc

LSE:TRST Stock Report

Market Cap: UK£1.3b

Trustpilot Group Valuation

Is TRST 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TRST when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TRST (£3.08) is trading above our estimate of fair value (£1.76)

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

Key Valuation Metric

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

Key metric: As TRST is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TRST. This is calculated by dividing TRST's market cap by their current earnings.
What is TRST's PE Ratio?
PE Ratio93.4x
EarningsUS$17.28m
Market CapUS$1.61b

Price to Earnings Ratio vs Peers

How does TRST's PE Ratio compare to its peers?

The above table shows the PE ratio for TRST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.1x
BCG Baltic Classifieds Group
48x19.9%UK£1.5b
MONY MONY Group
13.4x8.3%UK£1.0b
RMV Rightmove
25.9x7.7%UK£5.1b
AUTO Auto Trader Group
25x8.0%UK£7.0b
TRST Trustpilot Group
93.4x-0.2%UK£1.3b

Price-To-Earnings vs Peers: TRST is expensive based on its Price-To-Earnings Ratio (93.4x) compared to the peer average (28.1x).

Price to Earnings Ratio vs Industry

How does TRST's PE Ratio compare vs other companies in the European Interactive Media and Services Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
TRST 93.4xIndustry Avg. 14.1xNo. of Companies6PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TRST is expensive based on its Price-To-Earnings Ratio (93.4x) compared to the European Interactive Media and Services industry average (14.1x).

Price to Earnings Ratio vs Fair Ratio

What is TRST's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TRST PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio93.4x
Fair PE Ratio18.2x

Price-To-Earnings vs Fair Ratio: TRST is expensive based on its Price-To-Earnings Ratio (93.4x) compared to the estimated Fair Price-To-Earnings Ratio (18.2x).

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 TRST forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£3.08
UK£2.79
-9.3%
20.9%UK£3.50UK£1.96n/a9
Dec ’25UK£2.94
UK£2.68
-8.9%
19.6%UK£3.38UK£1.95n/a9
Nov ’25UK£2.52
UK£2.45
-2.8%
16.2%UK£3.12UK£1.90n/a8
Oct ’25UK£2.23
UK£2.48
+11.2%
14.3%UK£3.06UK£1.86n/a7
Sep ’25UK£2.14
UK£2.40
+12.6%
10.8%UK£2.77UK£1.93n/a7
Aug ’25UK£2.06
UK£2.40
+16.7%
10.8%UK£2.77UK£1.93n/a7
Jul ’25UK£2.24
UK£2.37
+6.0%
9.9%UK£2.60UK£1.90n/a7
Jun ’25UK£2.07
UK£2.36
+14.5%
9.7%UK£2.63UK£1.92n/a7
May ’25UK£1.87
UK£2.34
+25.0%
10.2%UK£2.63UK£1.92n/a6
Apr ’25UK£1.99
UK£2.33
+17.0%
10.4%UK£2.60UK£1.90n/a6
Mar ’25UK£1.87
UK£1.99
+6.5%
3.7%UK£2.11UK£1.90n/a6
Feb ’25UK£1.69
UK£1.87
+10.4%
15.9%UK£2.10UK£1.22n/a6
Jan ’25UK£1.49
UK£1.59
+7.4%
12.8%UK£1.88UK£1.22n/a6
Dec ’24UK£1.28
UK£1.52
+18.8%
8.9%UK£1.68UK£1.27UK£2.946
Nov ’24UK£1.00
UK£1.52
+52.1%
8.9%UK£1.68UK£1.27UK£2.526
Oct ’24UK£1.03
UK£1.54
+50.2%
10.4%UK£1.79UK£1.26UK£2.237
Sep ’24UK£0.81
UK£1.47
+80.3%
13.7%UK£1.68UK£1.00UK£2.148
Aug ’24UK£0.88
UK£1.47
+67.3%
13.7%UK£1.68UK£1.00UK£2.068
Jul ’24UK£0.68
UK£1.50
+121.4%
8.0%UK£1.72UK£1.34UK£2.247
Jun ’24UK£0.82
UK£1.53
+85.5%
8.1%UK£1.76UK£1.37UK£2.077
May ’24UK£0.89
UK£1.53
+72.9%
8.1%UK£1.76UK£1.37UK£1.877
Apr ’24UK£0.89
UK£1.42
+60.8%
20.7%UK£1.78UK£0.75UK£1.998
Mar ’24UK£1.03
UK£1.50
+45.1%
22.3%UK£1.92UK£0.76UK£1.878
Feb ’24UK£0.99
UK£1.40
+40.7%
25.9%UK£1.87UK£0.74UK£1.698
Jan ’24UK£0.96
UK£1.30
+34.4%
29.7%UK£1.86UK£0.75UK£1.498
Dec ’23UK£1.03
UK£1.32
+28.5%
28.7%UK£1.94UK£0.78UK£1.288

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 00:56
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Trustpilot Group plc is covered by 11 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Edward JamesBerenberg
Ciaran DonnellyBerenberg
null nullDanske Bank