Maps S.p.A.

BIT:MAPS Stock Report

Market Cap: €37.3m

Maps Valuation

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

Below Fair Value: MAPS (€2.81) is trading below our estimate of fair value (€4.65)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MAPS. This is calculated by dividing MAPS's market cap by their current earnings.
What is MAPS's PE Ratio?
PE Ratio32.6x
Earnings€1.14m
Market Cap€37.32m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MAPS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.5x
AIW Almawave
9.3x8.9%€78.0m
SYS SYS-DAT
33.5x20.4%€165.5m
RLT Relatech
68.5x43.6%€108.3m
AAT AATECH. Società Benefit
6.8xn/a€3.8m
MAPS Maps
32.6x36.2%€37.3m

Price-To-Earnings vs Peers: MAPS is expensive based on its Price-To-Earnings Ratio (32.6x) compared to the peer average (29.5x).

Price to Earnings Ratio vs Industry

How does MAPS's PE Ratio compare vs other companies in the European Software Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MAPS 32.6xIndustry Avg. 28.8xNo. of Companies19PE020406080100+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MAPS is expensive based on its Price-To-Earnings Ratio (32.6x) compared to the European Software industry average (28.5x).

Price to Earnings Ratio vs Fair Ratio

What is MAPS'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.

MAPS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32.6x
Fair PE Ratio18.5x

Price-To-Earnings vs Fair Ratio: MAPS is expensive based on its Price-To-Earnings Ratio (32.6x) compared to the estimated Fair Price-To-Earnings Ratio (18.5x).

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 MAPS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€2.81
€4.86
+73.1%
6.0%€5.20€4.49n/a3
Nov ’25€2.72
€4.86
+78.8%
6.0%€5.20€4.49n/a3
Oct ’25€2.51
€4.86
+93.8%
6.0%€5.20€4.49n/a3
Sep ’25€2.50
€4.55
+82.0%
10.3%€5.20€4.10n/a3
Aug ’25€2.52
€4.55
+80.6%
10.3%€5.20€4.10n/a3
Jul ’25€2.50
€4.55
+82.0%
10.3%€5.20€4.10n/a3
Jun ’25€2.80
€4.55
+62.5%
10.3%€5.20€4.10n/a3
May ’25€2.37
€4.78
+101.5%
8.9%€5.20€4.35n/a2
Apr ’25€2.87
€4.78
+66.4%
8.9%€5.20€4.35n/a2
Mar ’25€3.05
€4.83
+58.2%
3.6%€5.00€4.65n/a2
Feb ’25€3.03
€4.83
+59.2%
3.6%€5.00€4.65n/a2
Jan ’25€3.12
€4.83
+54.6%
3.6%€5.00€4.65n/a2
Dec ’24€2.86
€4.83
+68.7%
3.6%€5.00€4.65n/a2
Nov ’24€2.52
€4.83
+91.5%
3.6%€5.00€4.65€2.722
Oct ’24€2.64
€4.83
+82.8%
3.6%€5.00€4.65€2.512
Aug ’24€3.20
€5.49
+71.4%
1.5%€5.57€5.40€2.522
Jul ’24€3.28
€5.49
+67.2%
1.5%€5.57€5.40€2.502
Jun ’24€3.40
€5.49
+61.3%
1.5%€5.57€5.40€2.802
May ’24€3.23
€5.49
+69.8%
1.5%€5.57€5.40€2.372
Apr ’24€3.35
€5.49
+63.7%
1.5%€5.57€5.40€2.872
Mar ’24€3.66
€5.25
+43.4%
2.9%€5.40€5.10€3.052
Feb ’24€3.49
€5.25
+50.4%
2.9%€5.40€5.10€3.032
Jan ’24€3.58
€5.25
+46.6%
2.9%€5.40€5.10€3.122
Dec ’23€3.59
€5.25
+46.2%
2.9%€5.40€5.10€2.862
Nov ’23€3.66
€5.30
+44.8%
3.8%€5.50€5.10€2.522

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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