Updater Services Valuation

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

Below Fair Value: UDS (₹413.85) is trading above our estimate of fair value (₹350.51)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for UDS. This is calculated by dividing UDS's market cap by their current earnings.
What is UDS's PE Ratio?
PE Ratio	28.1x
Earnings	₹985.80m
Market Cap	₹27.71b

UDS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.1x
Enterprise Value/EBITDA	19.1x
PEG Ratio	1x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for UDS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	59.6x
GKWLIMITED GKW	139.5x	n/a	₹16.0b
CMSINFO CMS Info Systems	21.8x	16.4%	₹78.5b
509220 PTL Enterprises	17.8x	n/a	₹5.3b
KHFM KHFM Hospitality and Facility Management Services	59.3x	n/a	₹2.1b
UDS Updater Services	28.1x	27.8%	₹27.7b

Price-To-Earnings vs Peers: UDS is good value based on its Price-To-Earnings Ratio (28.1x) compared to the peer average (59.6x).

Price to Earnings Ratio vs Industry

How does UDS's PE Ratio compare vs other companies in the IN Commercial Services Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
509650 Hindustan Housing	0.04x	n/a	US$11.45k

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: UDS is good value based on its Price-To-Earnings Ratio (28.1x) compared to the Indian Commercial Services industry average (28.5x).

Price to Earnings Ratio vs Fair Ratio

What is UDS'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.

UDS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	28.1x
Fair PE Ratio	36.6x

Price-To-Earnings vs Fair Ratio: UDS is good value based on its Price-To-Earnings Ratio (28.1x) compared to the estimated Fair Price-To-Earnings Ratio (36.6x).

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 UDS forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	₹413.85	₹467.00 +12.8%	11.9%	₹557.00	₹406.00	n/a	4
Nov ’25	₹427.70	₹459.50 +7.4%	12.7%	₹557.00	₹406.00	n/a	4
Oct ’25	₹381.60	₹410.33 +7.5%	2.6%	₹425.00	₹400.00	n/a	3
Sep ’25	₹354.15	₹410.33 +15.9%	2.6%	₹425.00	₹400.00	n/a	3
Aug ’25	₹318.70	₹432.00 +35.6%	5.7%	₹465.00	₹406.00	n/a	3
Jul ’25	₹298.25	₹432.00 +44.8%	5.7%	₹465.00	₹406.00	n/a	3
Jun ’25	₹268.40	₹432.00 +61.0%	5.7%	₹465.00	₹406.00	n/a	3
May ’25	₹307.55	₹446.67 +45.2%	3.7%	₹465.00	₹425.00	n/a	3
Apr ’25	₹331.15	₹446.67 +34.9%	3.7%	₹465.00	₹425.00	n/a	3
Mar ’25	₹362.50	₹437.50 +20.7%	2.9%	₹450.00	₹425.00	n/a	2

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