Sinch AB (publ)

BATS-CHIXE:SINCHS Stock Report

Market Cap: SEK 16.6b

Sinch Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: SINCHS (SEK20.82) is trading below our estimate of fair value (SEK34.69)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SINCHS. This is calculated by dividing SINCHS's market cap by their current revenue.
What is SINCHS's PS Ratio?
PS Ratio0.6x
SalesSEK 28.89b
Market CapSEK 16.58b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SINCHS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average6.9x
BYIT Bytes Technology Group
5.4x11.0%UK£1.1b
GBG GB Group
3.3x6.9%UK£932.8m
CER Cerillion
12.5x10.6%UK£546.4m
ALFA Alfa Financial Software Holdings
6.3x9.6%UK£643.4m
SINCHS Sinch
0.6x3.9%SEK 16.6b

Price-To-Sales vs Peers: SINCHS is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (6.9x).

Price to Sales Ratio vs Industry

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

11 CompaniesPrice / SalesEstimated GrowthMarket Cap
RM. RM
0.3xn/aUS$79.55m
SWG Shearwater Group
0.4xn/aUS$10.90m
MBO MobilityOne
0.01xn/aUS$3.00m
CCS Crossword Cybersecurity
0.5xn/aUS$2.46m
No. of Companies13PS0246810+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SINCHS is good value based on its Price-To-Sales Ratio (0.6x) compared to the UK Software industry average (2.4x).

Price to Sales Ratio vs Fair Ratio

What is SINCHS'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.

SINCHS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate SINCHS'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?

The above table shows the analyst SINCHS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 20.82
SEK 34.81
+67.2%
33.5%SEK 55.00SEK 20.00n/a8
Nov ’25n/a
SEK 37.56
0%
32.5%SEK 55.00SEK 23.00n/a8
Oct ’25SEK 30.32
SEK 36.39
+20.0%
32.9%SEK 55.00SEK 23.00n/a9
Sep ’25n/a
SEK 37.39
0%
34.3%SEK 55.00SEK 23.00n/a9
Aug ’25n/a
SEK 37.39
0%
34.3%SEK 55.00SEK 23.00n/a9
Jul ’25n/a
SEK 41.44
0%
33.3%SEK 62.00SEK 23.50n/a8
Jun ’25n/a
SEK 42.06
0%
34.5%SEK 62.00SEK 23.50n/a8
May ’25n/a
SEK 43.25
0%
33.5%SEK 62.00SEK 26.00n/a8
Apr ’25n/a
SEK 43.25
0%
33.5%SEK 62.00SEK 26.00n/a8
Mar ’25n/a
SEK 44.71
0%
32.1%SEK 60.00SEK 26.00n/a7
Feb ’25SEK 30.73
SEK 45.86
+49.2%
32.0%SEK 60.00SEK 26.00n/a7
Jan ’25SEK 37.70
SEK 46.00
+22.0%
31.5%SEK 60.00SEK 26.00n/a7
Dec ’24SEK 29.82
SEK 46.00
+54.2%
31.5%SEK 60.00SEK 26.00n/a7
Nov ’24n/a
SEK 46.00
0%
31.5%SEK 63.00SEK 26.00n/a7
Oct ’24n/a
SEK 48.14
0%
31.3%SEK 65.00SEK 27.00SEK 30.327
Sep ’24n/a
SEK 48.14
0%
31.3%SEK 65.00SEK 27.00n/a7
Aug ’24SEK 30.39
SEK 48.14
+58.4%
31.3%SEK 65.00SEK 27.00n/a7
Jul ’24SEK 24.40
SEK 48.71
+99.7%
33.0%SEK 70.00SEK 27.00n/a7
Jun ’24SEK 23.01
SEK 48.71
+111.7%
33.0%SEK 70.00SEK 27.00n/a7
May ’24SEK 23.73
SEK 51.00
+115.0%
32.0%SEK 70.00SEK 31.00n/a7
Apr ’24SEK 28.03
SEK 54.71
+95.2%
27.5%SEK 70.00SEK 32.00n/a7
Mar ’24SEK 34.17
SEK 55.57
+62.6%
25.4%SEK 70.00SEK 32.00n/a7
Feb ’24SEK 43.36
SEK 56.86
+31.1%
29.3%SEK 80.00SEK 32.00SEK 30.737
Jan ’24SEK 38.63
SEK 55.43
+43.5%
29.4%SEK 80.00SEK 32.00SEK 37.707
Dec ’23SEK 34.86
SEK 55.50
+59.2%
31.8%SEK 80.00SEK 32.00SEK 29.826
Nov ’23SEK 25.79
SEK 46.67
+80.9%
49.3%SEK 80.00SEK 16.00n/a6

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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