Paycor HCM, Inc.

NasdaqGS:PYCR Stock Report

Market Cap: US$3.5b

Paycor HCM Valuation

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

Below Fair Value: PYCR ($19.06) is trading below our estimate of fair value ($38.64)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for PYCR. This is calculated by dividing PYCR's market cap by their current revenue.
What is PYCR's PS Ratio?
PS Ratio5x
SalesUS$678.84m
Market CapUS$3.54b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for PYCR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.8x
NSP Insperity
0.4x5.1%US$2.9b
KFY Korn Ferry
1.3x4.3%US$3.4b
ALIT Alight
1.1x-8.5%US$3.6b
FA First Advantage
4.2x30.5%US$3.2b
PYCR Paycor HCM
5x10.8%US$3.5b

Price-To-Sales vs Peers: PYCR is expensive based on its Price-To-Sales Ratio (5x) compared to the peer average (1.8x).

Price to Sales Ratio vs Industry

How does PYCR's PS Ratio compare vs other companies in the US Professional Services Industry?

26 CompaniesPrice / SalesEstimated GrowthMarket Cap
MAN ManpowerGroup
0.1x1.4%US$2.67b
CNXC Concentrix
0.3x2.4%US$2.62b
TIXT TELUS International (Cda)
0.4x2.6%US$983.22m
CNDT Conduent
0.2x-2.0%US$692.32m
PYCR 5.0xIndustry Avg. 1.4xNo. of Companies26PS01.63.24.86.48+
26 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: PYCR is expensive based on its Price-To-Sales Ratio (5x) compared to the US Professional Services industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

What is PYCR'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.

PYCR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5x
Fair PS Ratio3.6x

Price-To-Sales vs Fair Ratio: PYCR is expensive based on its Price-To-Sales Ratio (5x) compared to the estimated Fair Price-To-Sales Ratio (3.6x).

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 PYCR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$19.06
US$21.50
+12.8%
15.7%US$30.00US$15.00n/a16
Dec ’25US$18.06
US$20.44
+13.2%
17.7%US$30.00US$15.00n/a16
Nov ’25US$15.48
US$18.35
+18.6%
23.0%US$30.00US$15.00n/a17
Oct ’25US$14.02
US$18.35
+30.9%
23.7%US$30.00US$13.00n/a17
Sep ’25US$14.16
US$18.24
+28.8%
24.3%US$30.00US$13.00n/a17
Aug ’25US$12.15
US$21.00
+72.8%
37.9%US$42.00US$11.00n/a17
Jul ’25US$12.84
US$22.12
+72.3%
33.8%US$42.00US$11.00n/a17
Jun ’25US$12.37
US$22.82
+84.5%
29.5%US$42.00US$14.00n/a17
May ’25US$17.26
US$25.89
+50.0%
22.5%US$42.00US$20.00n/a18
Apr ’25US$18.86
US$26.28
+39.3%
21.2%US$42.00US$22.00n/a18
Mar ’25US$20.90
US$26.33
+26.0%
21.0%US$42.00US$22.00n/a18
Feb ’25US$19.99
US$26.47
+32.4%
21.3%US$42.00US$22.00n/a17
Jan ’25US$21.59
US$26.75
+23.9%
21.7%US$42.00US$20.00n/a16
Dec ’24US$21.80
US$26.41
+21.2%
21.8%US$42.00US$20.00US$18.0617
Nov ’24US$18.98
US$27.63
+45.5%
19.4%US$42.00US$22.00US$15.4816
Oct ’24US$22.83
US$28.06
+22.9%
20.4%US$42.00US$22.00US$14.0216
Sep ’24US$23.75
US$28.00
+17.9%
19.9%US$42.00US$22.00US$14.1617
Aug ’24US$26.56
US$30.13
+13.4%
19.2%US$42.00US$24.00US$12.1516
Jul ’24US$23.67
US$30.13
+27.3%
20.1%US$42.00US$24.00US$12.8416
Jun ’24US$22.04
US$30.40
+37.9%
20.1%US$42.00US$24.00US$12.3715
May ’24US$23.97
US$33.27
+38.8%
18.3%US$45.00US$26.00US$17.2615
Apr ’24US$26.52
US$33.40
+25.9%
17.8%US$45.00US$26.00US$18.8615
Mar ’24US$24.62
US$33.47
+35.9%
17.6%US$45.00US$27.00US$20.9015
Feb ’24US$26.12
US$33.73
+29.1%
18.1%US$45.00US$26.00US$19.9915
Jan ’24US$24.47
US$35.27
+44.1%
13.9%US$45.00US$28.00US$21.5915
Dec ’23US$29.79
US$35.27
+18.4%
13.9%US$45.00US$28.00US$21.8015

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 06:33
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/06/30

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

Paycor HCM, Inc. is covered by 22 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark MarconBaird
Ishan MajumdarBaptista Research
Daniel JesterBMO Capital Markets Equity Research