SUSE S.A.

LSE:0AAM Stock Report

Market Cap: €1.9b

SUSE Valuation

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

Below Fair Value: 0AAM (€10.83) is trading below our estimate of fair value (€12.22)

Significantly Below Fair Value: 0AAM is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for 0AAM. This is calculated by dividing 0AAM's market cap by their current revenue.
What is 0AAM's PS Ratio?
PS Ratio3x
SalesUS$672.92m
Market CapUS$2.02b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for 0AAM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.1x
BLTG Blancco Technology Group
3.9x9.7%UK£173.0m
CNS Corero Network Security
5.7x12.4%UK£109.1m
GETB GetBusy
1.4x7.4%UK£30.2m
BYIT Bytes Technology Group
5.4x11.0%UK£1.1b
0AAM SUSE
3x7.4%€1.9b

Price-To-Sales vs Peers: 0AAM is good value based on its Price-To-Sales Ratio (3x) compared to the peer average (3.1x).

Price to Sales Ratio vs Industry

How does 0AAM'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
0AAM 3.0xIndustry Avg. 2.4xNo. of Companies13PS0246810+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0AAM is expensive based on its Price-To-Sales Ratio (3x) compared to the UK Software industry average (2.5x).

Price to Sales Ratio vs Fair Ratio

What is 0AAM'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.

0AAM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3x
Fair PS Ratio6.4x

Price-To-Sales vs Fair Ratio: 0AAM is good value based on its Price-To-Sales Ratio (3x) compared to the estimated Fair Price-To-Sales Ratio (6.4x).

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 0AAM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€14.44
0%
11.2%€16.05€12.82n/a2
Nov ’25n/a
€14.44
0%
11.2%€16.05€12.82n/a2
Oct ’25n/a
€14.44
0%
11.2%€16.05€12.82n/a2
Sep ’25n/a
€14.44
0%
11.2%€16.05€12.82n/a2
Aug ’25n/a
€14.44
0%
11.2%€16.05€12.82n/a2
Jul ’25n/a
€14.44
0%
11.2%€16.05€12.82n/a2
Jun ’25n/a
€14.44
0%
11.2%€16.05€12.82n/a2
May ’25n/a
€14.44
0%
11.2%€16.05€12.82n/a2
Apr ’25n/a
€14.44
0%
11.2%€16.05€12.82n/a2
Mar ’25n/a
€14.44
0%
11.2%€16.05€12.82n/a2
Feb ’25n/a
€14.44
0%
11.2%€16.05€12.82n/a2
Jan ’25n/a
€14.44
0%
11.2%€16.05€12.82n/a2
Dec ’24n/a
€14.44
0%
11.2%€16.05€12.82n/a2
Nov ’24€10.05
€14.86
+47.9%
7.6%€16.43€13.79n/a3
Oct ’24€12.37
€14.41
+16.5%
12.3%€16.88€11.94n/a5
Sep ’24€15.57
€14.41
-7.4%
12.3%€16.88€11.94n/a5
Aug ’24€10.62
€14.20
+33.7%
12.2%€16.51€11.64n/a7
Jul ’24€12.82
€18.75
+46.3%
11.8%€21.40€15.01n/a6
Jun ’24€14.18
€18.96
+33.7%
11.8%€21.69€15.14n/a6
May ’24€16.95
€23.00
+35.7%
9.7%€26.00€19.43n/a7
Apr ’24€16.70
€23.36
+39.9%
9.4%€26.48€19.79n/a7
Mar ’24€18.56
€23.50
+26.6%
10.5%€26.52€19.19n/a7
Feb ’24€17.91
€22.81
+27.4%
9.9%€25.84€18.74n/a7
Jan ’24€16.97
€21.99
+29.6%
11.1%€25.43€17.67n/a7
Dec ’23€19.91
€21.99
+10.5%
11.1%€25.43€17.67n/a7
Nov ’23€18.11
€21.39
+18.1%
11.4%€25.26€17.58€10.057

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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