Pexip Holding ASA

LSE:0A3H Stock Report

Market Cap: NOK 4.6b

Pexip Holding Valuation

Is 0A3H undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 0A3H when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
NOK 121.08
Fair Value
62.0% undervalued intrinsic discount
3
Number of Analysts

Below Fair Value: 0A3H (NOK46) is trading below our estimate of fair value (NOK121.08)

Significantly Below Fair Value: 0A3H is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0A3H?

Key metric: As 0A3H is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0A3H. This is calculated by dividing 0A3H's market cap by their current revenue.
What is 0A3H's PS Ratio?
PS Ratio4.3x
SalesNOK 1.07b
Market CapNOK 4.64b

Price to Sales Ratio vs Peers

How does 0A3H's PS Ratio compare to its peers?

The above table shows the PS ratio for 0A3H vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average7.6x
IDOX IDOX
3.2x5.6%UK£277.2m
DOTD dotdigital Group
3.3x8.0%UK£260.8m
PINE Pinewood Technologies Group
12.3x20.1%UK£278.9m
CER Cerillion
11.5x10.6%UK£501.7m
0A3H Pexip Holding
4.3x12.6%NOK 4.6b

Price-To-Sales vs Peers: 0A3H is good value based on its Price-To-Sales Ratio (4.3x) compared to the peer average (7.6x).

Price to Sales Ratio vs Industry

How does 0A3H's PS Ratio compare vs other companies in the GB Software Industry?

12 CompaniesPrice / SalesEstimated GrowthMarket Cap
RM. RM
0.4x0.3%US$101.69m
SWG Shearwater Group
0.3x19.4%US$10.07m
PEG Petards Group
0.5x30.4%US$5.66m
MBO MobilityOne
0.01xn/aUS$2.84m
0A3H 4.3xIndustry Avg. 2.3xNo. of Companies12PS0246810+
12 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0A3H is expensive based on its Price-To-Sales Ratio (4.3x) compared to the UK Software industry average (2.3x).

Price to Sales Ratio vs Fair Ratio

What is 0A3H'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.

0A3H PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.3x
Fair PS Ratio2.1x

Price-To-Sales vs Fair Ratio: 0A3H is expensive based on its Price-To-Sales Ratio (4.3x) compared to the estimated Fair Price-To-Sales Ratio (2.1x).

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 0A3H forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 46.00
NOK 53.00
+15.2%
9.4%NOK 60.00NOK 49.00n/a3
Jan ’26NOK 43.85
NOK 49.50
+12.9%
1.0%NOK 50.00NOK 49.00n/a2
Dec ’25NOK 45.00
NOK 49.50
+10.0%
1.0%NOK 50.00NOK 49.00n/a2
Nov ’25NOK 43.30
NOK 44.50
+2.8%
12.4%NOK 50.00NOK 39.00n/a2
Oct ’25NOK 38.55
NOK 44.50
+15.4%
12.4%NOK 50.00NOK 39.00n/a2
Sep ’25NOK 36.70
NOK 35.50
-3.3%
12.7%NOK 40.00NOK 31.00n/a2
Aug ’25NOK 30.60
NOK 33.00
+7.8%
6.1%NOK 35.00NOK 31.00n/a2
Jul ’25NOK 29.10
NOK 33.00
+13.4%
6.1%NOK 35.00NOK 31.00n/a2
Mar ’25NOK 26.90
NOK 30.00
+11.5%
16.7%NOK 35.00NOK 25.00n/a2
Feb ’25NOK 25.76
NOK 30.00
+16.5%
16.7%NOK 35.00NOK 25.00NOK 46.252
Jan ’25NOK 25.48
NOK 26.50
+4.0%
13.2%NOK 30.00NOK 23.00NOK 43.852
Dec ’24NOK 25.55
NOK 26.50
+3.7%
13.2%NOK 30.00NOK 23.00NOK 45.002
Nov ’24NOK 19.10
NOK 25.00
+30.9%
20.0%NOK 30.00NOK 20.00NOK 43.302
Oct ’24NOK 17.96
NOK 25.00
+39.2%
20.0%NOK 30.00NOK 20.00NOK 38.552
Sep ’24NOK 19.64
NOK 25.00
+27.3%
20.0%NOK 30.00NOK 20.00NOK 36.702
Aug ’24NOK 18.48
NOK 22.00
+19.1%
36.4%NOK 30.00NOK 14.00NOK 30.602
Jul ’24NOK 19.42
NOK 21.00
+8.2%
42.9%NOK 30.00NOK 12.00NOK 29.102
Jun ’24NOK 23.76
NOK 21.00
-11.6%
42.9%NOK 30.00NOK 12.00NOK 30.552
Mar ’24NOK 14.15
NOK 13.00
-8.1%
15.4%NOK 15.00NOK 11.00NOK 26.902
Feb ’24NOK 13.82
NOK 12.50
-9.6%
20.0%NOK 15.00NOK 10.00NOK 25.762
Analyst Price Target
Consensus Narrative from 3 Analysts
NOK 53.41
Fair Value
13.9% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/06 02:39
End of Day Share Price 2025/02/06 00:00
Earnings2024/09/30
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.

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

Pexip Holding ASA is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Mikael LaséenCarnegie Investment Bank AB
Dennis BerggrenPareto Securities