Sinch AB (publ)

OM:SINCH Stock Report

Market Cap: SEK 16.9b

Sinch Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: SINCH (SEK19.99) is trading below our estimate of fair value (SEK33.57)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SINCH. This is calculated by dividing SINCH's market cap by their current revenue.
What is SINCH's PS Ratio?
PS Ratio0.6x
SalesSEK 28.89b
Market CapSEK 16.88b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SINCH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average7.1x
TRUE B Truecaller
9.7x21.0%SEK 17.2b
VIT B Vitec Software Group
6.7x11.9%SEK 21.2b
BFG Byggfakta Group Nordic HoldCo
4x7.1%SEK 11.2b
PAGERO Pagero Group
8.1x18.2%SEK 7.9b
SINCH Sinch
0.6x3.5%SEK 16.9b

Price-To-Sales vs Peers: SINCH is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (7.1x).

Price to Sales Ratio vs Industry

How does SINCH's PS Ratio compare vs other companies in the SE Software Industry?

11 CompaniesPrice / SalesEstimated GrowthMarket Cap
QBIT QuickBit eu
0.2xn/aUS$38.28m
THINC Thinc Collective
0.1xn/aUS$3.08m
AYIMA B Ayima Group
0.2xn/aUS$2.24m
SILEON Sileon
0.3x-48.0%US$1.90m
SINCH 0.6xIndustry Avg. 2.1xNo. of Companies12PS0246810+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SINCH is good value based on its Price-To-Sales Ratio (0.6x) compared to the Swedish Software industry average (2.1x).

Price to Sales Ratio vs Fair Ratio

What is SINCH'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.

SINCH PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ratio2.2x

Price-To-Sales vs Fair Ratio: SINCH is good value based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (2.2x).

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 SINCH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 19.99
SEK 32.50
+62.6%
32.5%SEK 55.00SEK 20.00n/a9
Dec ’25SEK 19.95
SEK 34.81
+74.5%
33.5%SEK 55.00SEK 20.00n/a8
Nov ’25SEK 31.54
SEK 37.56
+19.1%
32.5%SEK 55.00SEK 23.00n/a8
Oct ’25SEK 30.36
SEK 36.39
+19.9%
32.9%SEK 55.00SEK 23.00n/a9
Sep ’25SEK 29.74
SEK 37.39
+25.7%
34.3%SEK 55.00SEK 23.00n/a9
Aug ’25SEK 27.49
SEK 37.39
+36.0%
34.3%SEK 55.00SEK 23.00n/a9
Jul ’25SEK 26.64
SEK 41.44
+55.5%
33.3%SEK 62.00SEK 23.50n/a8
Jun ’25SEK 23.06
SEK 42.06
+82.4%
34.5%SEK 62.00SEK 23.50n/a8
May ’25SEK 25.52
SEK 43.25
+69.5%
33.5%SEK 62.00SEK 26.00n/a8
Apr ’25SEK 26.86
SEK 43.25
+61.1%
33.5%SEK 62.00SEK 26.00n/a8
Mar ’25SEK 26.64
SEK 44.71
+67.8%
32.1%SEK 60.00SEK 26.00n/a7
Feb ’25SEK 28.39
SEK 45.86
+61.5%
32.0%SEK 60.00SEK 26.00n/a7
Jan ’25SEK 37.51
SEK 46.00
+22.6%
31.5%SEK 60.00SEK 26.00n/a7
Dec ’24SEK 30.09
SEK 46.00
+52.9%
31.5%SEK 60.00SEK 26.00SEK 19.957
Nov ’24SEK 17.40
SEK 46.00
+164.4%
31.5%SEK 63.00SEK 26.00SEK 31.547
Oct ’24SEK 19.21
SEK 48.14
+150.6%
31.3%SEK 65.00SEK 27.00SEK 30.367
Sep ’24SEK 23.10
SEK 48.14
+108.4%
31.3%SEK 65.00SEK 27.00SEK 29.747
Aug ’24SEK 27.20
SEK 48.14
+77.0%
31.3%SEK 65.00SEK 27.00SEK 27.497
Jul ’24SEK 24.35
SEK 48.71
+100.1%
33.0%SEK 70.00SEK 27.00SEK 26.647
Jun ’24SEK 22.68
SEK 48.71
+114.8%
33.0%SEK 70.00SEK 27.00SEK 23.067
May ’24SEK 27.05
SEK 51.00
+88.5%
32.0%SEK 70.00SEK 31.00SEK 25.527
Apr ’24SEK 27.88
SEK 54.71
+96.2%
27.5%SEK 70.00SEK 32.00SEK 26.867
Mar ’24SEK 35.73
SEK 55.57
+55.5%
25.4%SEK 70.00SEK 32.00SEK 26.647
Feb ’24SEK 43.53
SEK 56.86
+30.6%
29.3%SEK 80.00SEK 32.00SEK 28.397
Jan ’24SEK 38.23
SEK 55.43
+45.0%
29.4%SEK 80.00SEK 32.00SEK 37.517
Dec ’23SEK 34.35
SEK 55.50
+61.6%
31.8%SEK 80.00SEK 32.00SEK 30.096

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 Analysis2024/12/26 10:55
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 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

Sinch AB (publ) is covered by 13 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andreas MarkouBerenberg
Victor ChengBofA Global Research
James PaveyBofA Global Research