Darktrace plc

LSE:DARK Stock Report

Market Cap: UK£3.7b

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Darktrace Valuation

Is DARK 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DARK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DARK (£5.77) is trading above our estimate of fair value (£3.77)

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

Key Valuation Metric

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

Key metric: As DARK is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DARK. This is calculated by dividing DARK's market cap by their current earnings.
What is DARK's PE Ratio?
PE Ratio44.7x
EarningsUS$110.90m
Market CapUS$4.95b

Price to Earnings Ratio vs Peers

How does DARK's PE Ratio compare to its peers?

The above table shows the PE ratio for DARK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average68.7x
BLTG Blancco Technology Group
63x36.0%UK£173.0m
CNS Corero Network Security
159.2x52.7%UK£100.9m
SGE Sage Group
39.7x12.5%UK£12.8b
CCC Computacenter
12.9x6.4%UK£2.2b
DARK Darktrace
44.7x7.8%UK£3.7b

Price-To-Earnings vs Peers: DARK is good value based on its Price-To-Earnings Ratio (44.7x) compared to the peer average (72.9x).

Price to Earnings Ratio vs Industry

How does DARK's PE Ratio compare vs other companies in the GB Software Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
SORT Sorted Group Holdings
2.9xn/aUS$5.14m
No more companies available in this PE range
DARK 44.7xIndustry Avg. 33.5xNo. of Companies4PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DARK is expensive based on its Price-To-Earnings Ratio (44.7x) compared to the UK Software industry average (34x).

Price to Earnings Ratio vs Fair Ratio

What is DARK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DARK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio44.7x
Fair PE Ratio42x

Price-To-Earnings vs Fair Ratio: DARK is expensive based on its Price-To-Earnings Ratio (44.7x) compared to the estimated Fair Price-To-Earnings Ratio (42x).

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 DARK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
UK£6.11
0%
2.4%UK£6.20UK£5.75n/a10
Dec ’25n/a
UK£6.11
0%
2.4%UK£6.20UK£5.75n/a10
Nov ’25n/a
UK£6.11
0%
2.4%UK£6.20UK£5.75n/a10
Oct ’25UK£5.77
UK£6.11
+5.8%
2.4%UK£6.20UK£5.75n/a10
Sep ’25UK£5.86
UK£6.13
+4.7%
2.4%UK£6.30UK£5.75n/a12
Aug ’25UK£5.95
UK£6.16
+3.4%
2.1%UK£6.30UK£5.75n/a12
Jul ’25UK£5.77
UK£6.16
+6.7%
2.1%UK£6.30UK£5.75n/a12
Jun ’25UK£5.88
UK£6.17
+5.0%
2.6%UK£6.50UK£5.75n/a13
May ’25UK£6.02
UK£6.32
+5.0%
8.4%UK£8.00UK£5.75n/a12
Apr ’25UK£4.37
UK£5.28
+21.0%
19.1%UK£7.00UK£2.70n/a16
Mar ’25UK£3.61
UK£5.13
+42.1%
19.4%UK£7.00UK£2.70n/a15
Feb ’25UK£3.43
UK£5.13
+49.6%
19.4%UK£7.00UK£2.70n/a15
Jan ’25UK£3.67
UK£5.25
+43.3%
19.7%UK£7.00UK£2.60n/a14
Dec ’24UK£3.47
UK£5.24
+50.8%
19.5%UK£7.00UK£2.60n/a14
Nov ’24UK£3.50
UK£5.09
+45.5%
18.2%UK£6.50UK£2.40n/a14
Oct ’24UK£4.03
UK£5.03
+24.7%
18.1%UK£6.50UK£2.40UK£5.7714
Sep ’24UK£3.70
UK£4.84
+30.7%
22.5%UK£6.50UK£2.40UK£5.8615
Aug ’24UK£3.67
UK£4.71
+28.2%
22.5%UK£6.50UK£2.40UK£5.9515
Jul ’24UK£3.08
UK£4.24
+37.7%
28.2%UK£6.50UK£2.40UK£5.7715
Jun ’24UK£2.86
UK£4.24
+48.5%
28.2%UK£6.50UK£2.40UK£5.8815
May ’24UK£2.80
UK£4.56
+62.9%
23.4%UK£6.50UK£2.50UK£6.0212
Apr ’24UK£2.58
UK£4.42
+71.3%
24.4%UK£6.50UK£2.50UK£4.3713
Mar ’24UK£2.63
UK£4.47
+70.1%
25.2%UK£6.50UK£2.50UK£3.6112
Feb ’24UK£2.20
UK£4.50
+104.8%
25.5%UK£6.50UK£2.50UK£3.4312
Jan ’24UK£2.59
UK£5.12
+97.8%
17.2%UK£6.50UK£3.20UK£3.6712
Dec ’23UK£3.56
UK£5.12
+43.8%
17.2%UK£6.50UK£3.20UK£3.4712

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 Analysis2024/10/01 11:03
End of Day Share Price 2024/10/01 00:00
Earnings2023/12/31
Annual Earnings2023/06/30

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 here.

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 .

Analyst Sources

Darktrace plc is covered by 13 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Victor ChengBofA Global Research
Rahul ChopraHSBC
Julian YatesInvestec Bank plc (UK)