nCino, Inc.

BMV:NCNO1 * Stock Report

Market Cap: Mex$31.0b

nCino Valuation

Is NCNO1 * undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of NCNO1 * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: NCNO1 * (MX$281.4) is trading below our estimate of future cash flow value (MX$451.28)

Significantly Below Future Cash Flow Value: NCNO1 * is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NCNO1 *?

Key metric: As NCNO1 * is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for NCNO1 *. This is calculated by dividing NCNO1 *'s market cap by their current revenue.
What is NCNO1 *'s PS Ratio?
PS Ratio2.9x
SalesUS$586.49m
Market CapUS$1.72b

Price to Sales Ratio vs Peers

How does NCNO1 *'s PS Ratio compare to its peers?

The above table shows the PS ratio for NCNO1 * vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.8x
RAMP LiveRamp Holdings
2x7.93%US$1.6b
BTDR Bitdeer Technologies Group
3.3x35.37%US$2.1b
SEMR Semrush Holdings
4x13.46%US$1.8b
ASAN Asana
1.9x7.60%US$1.5b
NCNO1 * nCino
2.9x7.98%Mex$1.7b

Price-To-Sales vs Peers: NCNO1 * is expensive based on its Price-To-Sales Ratio (2.9x) compared to the peer average (2.8x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

How does NCNO1 *'s PS Ratio compare vs other companies in the Global Software Industry?

221 CompaniesPrice / SalesEstimated GrowthMarket Cap
NCNO1 * 2.9xIndustry Avg. 2.7xNo. of Companies255PS02.44.87.29.612+
221 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: NCNO1 * is expensive based on its Price-To-Sales Ratio (2.9x) compared to the Global Software industry average (2.7x).

Price to Sales Ratio vs Fair Ratio

What is NCNO1 *'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.

NCNO1 * PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.9x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate NCNO1 *'s Price-To-Sales Fair Ratio for valuation analysis.

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 NCNO1 * forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
Mex$562.23
0%
21.45%Mex$728.49Mex$284.29n/a14
Mar ’27Mex$281.40
Mex$570.67
+102.80%
18.24%Mex$705.96Mex$275.50n/a14
Feb ’27n/a
Mex$601.91
0%
11.44%Mex$722.79Mex$475.99n/a14
Jan ’27n/a
Mex$636.81
0%
11.27%Mex$745.97Mex$491.25n/a14
Dec ’26n/a
Mex$656.66
0%
9.73%Mex$756.11Mex$534.81n/a14
Nov ’26n/a
Mex$656.66
0%
9.73%Mex$756.11Mex$534.81n/a14
Oct ’26n/a
Mex$656.30
0%
9.73%Mex$755.70Mex$534.52n/a14
Sep ’26Mex$630.00
Mex$662.51
+5.16%
9.75%Mex$764.38Mex$540.66n/a14
Aug ’26n/a
Mex$600.03
0%
9.88%Mex$712.53Mex$506.27n/a14
Jul ’26n/a
Mex$575.10
0%
7.86%Mex$656.87Mex$506.73n/a14
Jun ’26Mex$511.00
Mex$584.71
+14.43%
8.01%Mex$659.54Mex$504.35n/a14
May ’26n/a
Mex$508.27
0%
14.32%Mex$627.28Mex$372.45n/a14
Apr ’26n/a
Mex$836.49
0%
7.34%Mex$914.91Mex$711.60n/a14
Mar ’26n/a
Mex$863.43
0%
5.93%Mex$922.17Mex$778.72Mex$281.4015
Feb ’26n/a
Mex$870.38
0%
5.77%Mex$932.55Mex$787.49n/a15
Jan ’26n/a
Mex$851.45
0%
5.14%Mex$906.51Mex$765.50n/a15
Dec ’25n/a
Mex$813.03
0%
11.73%Mex$997.75Mex$610.87n/a14
Nov ’25n/a
Mex$771.83
0%
10.29%Mex$878.83Mex$599.21n/a14
Oct ’25n/a
Mex$751.96
0%
9.36%Mex$873.97Mex$595.89n/a14
Sep ’25n/a
Mex$743.28
0%
9.71%Mex$864.14Mex$589.19Mex$630.0013
Aug ’25n/a
Mex$667.82
0%
9.43%Mex$771.31Mex$538.12n/a13
Jul ’25n/a
Mex$624.61
0%
8.76%Mex$713.84Mex$509.88n/a12
Jun ’25n/a
Mex$624.61
0%
8.76%Mex$713.84Mex$509.88Mex$511.0012
May ’25n/a
Mex$609.13
0%
8.93%Mex$686.17Mex$490.12n/a13
Apr ’25n/a
Mex$611.08
0%
8.93%Mex$695.69Mex$496.92n/a12
Mar ’25n/a
Mex$612.42
0%
11.51%Mex$727.39Mex$415.65n/a13
Mex$593.62
Fair Value
52.6% undervalued intrinsic discount
14
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/27 05:51
End of Day Share Price 2026/02/27 00:00
Earnings2025/10/31
Annual Earnings2025/01/31

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

nCino, Inc. is covered by 22 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Joseph VruwinkBaird
Saket KaliaBarclays
Koji IkedaBofA Global Research