Trustpilot Group plc

LSE:TRST Stock Report

Market Cap: UK£902.4m

Trustpilot Group Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Discounted Cash Flow
Simply Wall St
UK£1.87
Fair Value
17.9% overvalued intrinsic discount
9
Number of Analysts

Below Fair Value: TRST (£2.18) is trading above our estimate of fair value (£1.87)

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 barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for TRST. This is calculated by dividing TRST's market cap by their current revenue.
What is TRST's PS Ratio?
PS Ratio5.8x
SalesUS$210.75m
Market CapUS$1.20b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for TRST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average13.3x
MONY MONY Group
2.4x4.0%UK£1.1b
BCG Baltic Classifieds Group
24.2x13.6%UK£1.6b
RMV Rightmove
14.7x8.6%UK£5.7b
AUTO Auto Trader Group
12.1x6.5%UK£7.2b
TRST Trustpilot Group
5.7x15.0%UK£902.4m

Price-To-Sales vs Peers: TRST is good value based on its Price-To-Sales Ratio (5.7x) compared to the peer average (13.3x).

Price to Sales Ratio vs Industry

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

12 CompaniesPrice / SalesEstimated GrowthMarket Cap
TRST 5.8xIndustry Avg. 1.5xNo. of Companies13PS02.44.87.29.612+
12 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: TRST is expensive based on its Price-To-Sales Ratio (5.7x) compared to the European Interactive Media and Services industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

What is TRST'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.

TRST PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.8x
Fair PS Ratio3.7x

Price-To-Sales vs Fair Ratio: TRST is expensive based on its Price-To-Sales Ratio (5.7x) compared to the estimated Fair Price-To-Sales Ratio (3.7x).

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 TRST forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£2.21
UK£3.31
+49.8%
20.4%UK£4.22UK£2.03n/a9
Apr ’26UK£2.24
UK£3.31
+47.8%
20.4%UK£4.22UK£2.03n/a9
Mar ’26UK£3.05
UK£3.27
+7.3%
19.5%UK£4.10UK£2.08n/a9
Feb ’26UK£3.33
UK£3.18
-4.5%
16.2%UK£3.79UK£2.13n/a9
Jan ’26UK£3.07
UK£2.79
-9.0%
20.8%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
+11.3%
14.3%UK£3.06UK£1.87n/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£1.90UK£2.246
Mar ’25UK£1.87
UK£1.99
+6.5%
3.7%UK£2.11UK£1.90UK£3.056
Feb ’25UK£1.69
UK£1.87
+10.4%
15.9%UK£2.10UK£1.22UK£3.336
Jan ’25UK£1.49
UK£1.59
+7.4%
12.8%UK£1.88UK£1.22UK£3.076
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
AnalystConsensusTarget
Consensus Narrative from 9 Analysts
UK£3.31
Fair Value
33.2% undervalued intrinsic discount
9
Number of Analysts

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/25 17:36
End of Day Share Price 2025/04/25 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Trustpilot Group plc is covered by 9 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
Ciaran DonnellyBerenberg
Edward JamesBerenberg
Poul JessenDanske Bank