Xometry, Inc.

NasdaqGS:XMTR Stock Report

Market Cap: US$1.6b

Xometry Valuation

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

Below Fair Value: XMTR ($31.4) is trading above our estimate of fair value ($17.75)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for XMTR. This is calculated by dividing XMTR's market cap by their current revenue.
What is XMTR's PS Ratio?
PS Ratio3x
SalesUS$525.13m
Market CapUS$1.56b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for XMTR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.3x
WLFC Willis Lease Finance
2.6xn/aUS$1.4b
DSGR Distribution Solutions Group
1x9.4%US$1.8b
DNOW DNOW
0.7x2.8%US$1.6b
CTOS Custom Truck One Source
0.7x4.9%US$1.3b
XMTR Xometry
3x15.3%US$1.6b

Price-To-Sales vs Peers: XMTR is expensive based on its Price-To-Sales Ratio (3x) compared to the peer average (1.3x).

Price to Sales Ratio vs Industry

How does XMTR's PS Ratio compare vs other companies in the US Trade Distributors Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
TITN Titan Machinery
0.1x-1.8%US$345.07m
ALTG Alta Equipment Group
0.1x2.4%US$263.06m
IPW iPower
0.3xn/aUS$22.02m
BYU BAIYU Holdings
0.07xn/aUS$8.94m
XMTR 3.0xIndustry Avg. 1.1xNo. of Companies10PS01.22.43.64.86+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: XMTR is expensive based on its Price-To-Sales Ratio (3x) compared to the US Trade Distributors industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is XMTR'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.

XMTR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3x
Fair PS Ratio2.4x

Price-To-Sales vs Fair Ratio: XMTR is expensive based on its Price-To-Sales Ratio (3x) compared to the estimated Fair Price-To-Sales Ratio (2.4x).

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 XMTR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$31.40
US$28.44
-9.4%
28.9%US$42.00US$12.00n/a9
Nov ’25US$22.48
US$22.33
-0.7%
24.2%US$32.00US$12.00n/a9
Oct ’25US$17.53
US$21.78
+24.2%
21.0%US$27.00US$12.00n/a9
Sep ’25US$19.64
US$22.00
+12.0%
21.8%US$27.00US$12.00n/a8
Aug ’25US$13.64
US$22.25
+63.1%
20.8%US$27.00US$13.00n/a8
Jul ’25US$11.28
US$22.25
+97.3%
20.8%US$27.00US$13.00n/a8
Jun ’25US$15.34
US$23.57
+53.7%
13.8%US$27.00US$18.00n/a7
May ’25US$17.73
US$25.86
+45.8%
15.5%US$31.00US$19.00n/a7
Apr ’25US$17.36
US$25.86
+48.9%
15.5%US$31.00US$19.00n/a7
Mar ’25US$18.00
US$26.63
+47.9%
16.0%US$32.00US$19.00n/a8
Feb ’25US$34.94
US$34.00
-2.7%
25.2%US$46.00US$19.00n/a8
Jan ’25US$35.91
US$25.75
-28.3%
27.0%US$40.00US$17.00n/a8
Dec ’24US$25.63
US$24.00
-6.4%
18.6%US$30.00US$17.00n/a8
Nov ’24US$14.53
US$25.00
+72.1%
18.5%US$33.00US$18.00US$22.488
Oct ’24US$16.98
US$23.56
+38.7%
25.4%US$33.00US$12.00US$17.539
Sep ’24US$20.28
US$23.56
+16.2%
25.4%US$33.00US$12.00US$19.649
Aug ’24US$20.71
US$23.56
+13.7%
24.4%US$33.00US$12.00US$13.649
Jul ’24US$21.18
US$23.22
+9.6%
22.7%US$30.00US$12.00US$11.289
Jun ’24US$17.87
US$24.10
+34.9%
23.4%US$32.00US$12.00US$15.3410
May ’24US$14.33
US$24.90
+73.8%
27.3%US$40.00US$15.00US$17.7310
Apr ’24US$14.97
US$28.10
+87.7%
36.8%US$52.00US$15.00US$17.3610
Mar ’24US$18.40
US$50.50
+174.5%
26.6%US$65.00US$15.00US$18.0010
Feb ’24US$37.20
US$51.80
+39.2%
19.6%US$65.00US$28.00US$34.9410
Jan ’24US$32.23
US$53.22
+65.1%
19.4%US$65.00US$28.00US$35.919
Dec ’23US$43.52
US$56.57
+30.0%
10.3%US$65.00US$45.00US$25.637
Nov ’23US$58.56
US$62.71
+7.1%
7.1%US$70.00US$55.00US$14.537

Analyst Forecast: Target price is lower than the current share price.

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