Upsales Technology Valuation

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

UPSALE (SEK30.2) is trading above our estimate of [[fair value]] (SEK28.18)

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: UPSALE (SEK30.2) is trading above our estimate of fair value (SEK28.18)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for UPSALE. This is calculated by dividing UPSALE's market cap by their current earnings.
What is UPSALE's PE Ratio?
PE Ratio	23.5x
Earnings	SEK 21.61m
Market Cap	SEK 508.52m

UPSALE 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	3.2x
Enterprise Value/EBITDA	16.1x
PEG Ratio	1.7x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for UPSALE 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	24.5x
OPTER Opter	39.9x	n/a	SEK 708.0m
SLEEP Sleep Cycle	15.1x	17.2%	SEK 837.5m
AVEN Avensia	17.1x	22.9%	SEK 281.4m
GENE Genesis IT	25.8x	n/a	SEK 262.9m
UPSALE Upsales Technology	23.5x	13.8%	SEK 508.5m

Price-To-Earnings vs Peers: UPSALE is good value based on its Price-To-Earnings Ratio (23.5x) compared to the peer average (24x).

Price to Earnings Ratio vs Industry

How does UPSALE's PE Ratio compare vs other companies in the SE Software Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
SPEONE SpectrumOne	1.9x	n/a	US$10.32m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: UPSALE is good value based on its Price-To-Earnings Ratio (23.5x) compared to the European Software industry average (28.8x).

Price to Earnings Ratio vs Fair Ratio

What is UPSALE'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.

UPSALE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	23.5x
Fair PE Ratio	20.6x

Price-To-Earnings vs Fair Ratio: UPSALE is expensive based on its Price-To-Earnings Ratio (23.5x) compared to the estimated Fair Price-To-Earnings Ratio (20.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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