Dave Valuation

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

DAVE ($33.38) is trading below our estimate of [[fair value]] ($41.66)

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: DAVE ($33.38) is trading below our estimate of fair value ($41.66)

Significantly Below Fair Value: DAVE is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for DAVE. This is calculated by dividing DAVE's market cap by their current preferred multiple.
What is DAVE's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	US$424.55m

DAVE 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	1.4x
Enterprise Value/EBITDA	96.1x
PEG Ratio	1.5x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for DAVE 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	13.1x
CCSI Consensus Cloud Solutions	4.6x	4.4%	US$413.0m
RDVT Red Violet	24.7x	-63.5%	US$394.6m
MGIC Magic Software Enterprises	14.7x	5.8%	US$502.8m
HKD AMTD Digital	8.3x	n/a	US$513.0m
DAVE Dave	14.8x	10.1%	US$424.6m

Price-To-Earnings vs Peers: DAVE is expensive based on its Price-To-Earnings Ratio (14.8x) compared to the peer average (12.9x).

Price to Earnings Ratio vs Industry

How does DAVE's PE Ratio compare vs other companies in the US Software Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	15.7%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	15.7%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: DAVE is good value based on its Price-To-Earnings Ratio (14.8x) compared to the US Software industry average (35.7x).

Price to Earnings Ratio vs Fair Ratio

What is DAVE'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.

DAVE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	14.8x
Fair PE Ratio	23.9x

Price-To-Earnings vs Fair Ratio: DAVE is good value based on its Price-To-Earnings Ratio (14.8x) compared to the estimated Fair Price-To-Earnings Ratio (23.9x).

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 DAVE forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	US$33.38	US$61.86 +85.3%	11.8%	US$75.00	US$53.00	n/a	7
Sep ’25	US$37.60	US$61.86 +64.5%	11.8%	US$75.00	US$53.00	n/a	7
Aug ’25	US$34.81	US$63.13 +81.4%	11.3%	US$75.00	US$53.00	n/a	6
Jul ’25	US$30.09	US$64.50 +114.4%	10.2%	US$75.00	US$58.00	n/a	4
Jun ’25	US$45.06	US$70.00 +55.3%	7.1%	US$75.00	US$65.00	n/a	2
May ’25	US$44.97	US$57.50 +27.9%	21.7%	US$70.00	US$45.00	n/a	2

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.