ServiceNow, Inc.

BATS-CHIXE:4S0D Stock Report

Market Cap: €210.1b

ServiceNow Valuation

Is 4S0D 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 4S0D when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4S0D (€852.4) is trading above our estimate of fair value (€723.13)

Significantly Below Fair Value: 4S0D is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4S0D?

Key metric: As 4S0D is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 4S0D. This is calculated by dividing 4S0D's market cap by their current revenue.
What is 4S0D's PS Ratio?
PS Ratio20.9x
SalesUS$10.46b
Market CapUS$218.82b

Price to Sales Ratio vs Peers

How does 4S0D's PS Ratio compare to its peers?

The above table shows the PS ratio for 4S0D vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average9.3x
PANW Palo Alto Networks
15.2x13.3%US$130.5b
SGE Sage Group
5.5x7.9%UK£12.8b
BLTG Blancco Technology Group
3.9x9.7%UK£173.0m
FTNT Fortinet
12.5x12.2%US$72.1b
4S0D ServiceNow
20.9x16.7%€218.8b

Price-To-Sales vs Peers: 4S0D is expensive based on its Price-To-Sales Ratio (20.9x) compared to the peer average (11x).


Price to Sales Ratio vs Industry

How does 4S0D's PS Ratio compare vs other companies in the GB Software Industry?

11 CompaniesPrice / SalesEstimated GrowthMarket Cap
0.3xn/aUS$79.45m
SWG Shearwater Group
0.4xn/aUS$10.88m
MBO MobilityOne
0.01xn/aUS$2.99m
CCS Crossword Cybersecurity
0.5xn/aUS$2.46m
No. of Companies13PS0246810+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 4S0D is expensive based on its Price-To-Sales Ratio (20.9x) compared to the UK Software industry average (2.4x).


Price to Sales Ratio vs Fair Ratio

What is 4S0D'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.

4S0D PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio20.9x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 4S0D's Price-To-Sales Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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