Serko Limited

NZSE:SKO Stock Report

Market Cap: NZ$456.8m

Serko Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: Insufficient data to calculate SKO's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate SKO's fair value for valuation analysis.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SKO. This is calculated by dividing SKO's market cap by their current revenue.
What is SKO's PS Ratio?
PS Ratio6.4x
SalesNZ$74.45m
Market CapNZ$456.81m

Price to Sales Ratio vs Peers

How does SKO's PS Ratio compare to its peers?

The above table shows the PS ratio for SKO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4x
VGL Vista Group International
4.8x12.5%NZ$689.3m
GTK Gentrack Group
6x12.7%NZ$1.1b
TWL Trade Window Holdings
4.9xn/aNZ$30.2m
SDL Solution Dynamics
0.4xn/aNZ$16.8m
SKO Serko
6.4x21.2%NZ$475.1m

Price-To-Sales vs Peers: SKO is expensive based on its Price-To-Sales Ratio (6.4x) compared to the peer average (4x).

Price to Sales Ratio vs Industry

How does SKO's PS Ratio compare vs other companies in the Oceanian Software Industry?

14 CompaniesPrice / SalesEstimated GrowthMarket Cap
SKO 6.4xIndustry Avg. 3.1xNo. of Companies16PS02.44.87.29.612+
14 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SKO is expensive based on its Price-To-Sales Ratio (6.4x) compared to the Oceanic Software industry average (3.1x).

Price to Sales Ratio vs Fair Ratio

What is SKO'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.

SKO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.4x
Fair PS Ratio5.5x

Price-To-Sales vs Fair Ratio: SKO is expensive based on its Price-To-Sales Ratio (6.4x) compared to the estimated Fair Price-To-Sales Ratio (5.6x).

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 SKO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNZ$3.90
NZ$4.36
+11.8%
14.0%NZ$5.00NZ$3.54n/a5
Nov ’25NZ$3.52
NZ$4.25
+20.7%
18.3%NZ$5.00NZ$2.99n/a5
Oct ’25NZ$2.96
NZ$3.99
+34.7%
18.6%NZ$5.00NZ$2.99n/a5
Sep ’25NZ$3.20
NZ$3.99
+24.6%
18.6%NZ$5.00NZ$2.99n/a5
Aug ’25NZ$3.70
NZ$3.99
+7.8%
18.6%NZ$5.00NZ$2.99n/a5
Jul ’25NZ$3.25
NZ$3.99
+22.7%
18.6%NZ$5.00NZ$2.99n/a5
Jun ’25NZ$3.20
NZ$3.99
+24.6%
18.6%NZ$5.00NZ$2.99n/a5
May ’25NZ$3.43
NZ$4.46
+29.9%
8.9%NZ$5.00NZ$4.00n/a5
Apr ’25NZ$3.89
NZ$4.74
+21.8%
9.0%NZ$5.00NZ$4.00n/a4
Mar ’25NZ$4.03
NZ$4.71
+16.9%
8.8%NZ$5.00NZ$4.00n/a4
Feb ’25NZ$4.20
NZ$4.71
+12.2%
8.8%NZ$5.00NZ$4.00n/a4
Jan ’25NZ$4.05
NZ$4.71
+16.4%
8.8%NZ$5.00NZ$4.00n/a4
Dec ’24NZ$4.15
NZ$4.71
+13.6%
8.8%NZ$5.00NZ$4.00n/a4
Nov ’24NZ$4.25
NZ$3.63
-14.6%
17.8%NZ$4.70NZ$3.00NZ$3.524
Oct ’24NZ$4.30
NZ$3.63
-15.6%
17.8%NZ$4.70NZ$3.00NZ$2.964
Sep ’24NZ$3.82
NZ$3.63
-5.0%
17.8%NZ$4.70NZ$3.00NZ$3.204
Aug ’24NZ$4.00
NZ$3.63
-9.3%
17.8%NZ$4.70NZ$3.00NZ$3.704
Jul ’24NZ$3.75
NZ$3.63
-3.3%
17.8%NZ$4.70NZ$3.00NZ$3.254
Jun ’24NZ$3.06
NZ$3.62
+18.1%
17.3%NZ$4.65NZ$3.00NZ$3.204
May ’24NZ$2.12
NZ$3.33
+57.1%
29.8%NZ$5.00NZ$2.50NZ$3.434
Apr ’24NZ$2.39
NZ$3.33
+39.3%
29.8%NZ$5.00NZ$2.50NZ$3.894
Mar ’24NZ$2.48
NZ$3.33
+34.3%
29.8%NZ$5.00NZ$2.50NZ$4.034
Feb ’24NZ$2.75
NZ$3.33
+21.1%
29.8%NZ$5.00NZ$2.50NZ$4.204
Jan ’24NZ$2.25
NZ$3.33
+48.0%
29.8%NZ$5.00NZ$2.50NZ$4.054
Dec ’23NZ$2.47
NZ$3.61
+46.0%
27.9%NZ$5.00NZ$2.67NZ$4.153
Nov ’23NZ$2.94
NZ$5.48
+86.3%
25.8%NZ$7.33NZ$3.90NZ$4.253

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

Discover undervalued companies