Bytes Technology Group plc

OTCPK:BYIT.Y Stock Report

Market Cap: US$1.6b

Bytes Technology Group Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Discounted Cash Flow
Simply Wall St
US$16.49
Fair Value
11.4% undervalued intrinsic discount
10
Number of Analysts

Below Fair Value: BYIT.Y ($14.61) is trading below our estimate of fair value ($16.49)

Significantly Below Fair Value: BYIT.Y 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 BYIT.Y?

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

The above table shows the Price to Earnings ratio for BYIT.Y. This is calculated by dividing BYIT.Y's market cap by their current earnings.
What is BYIT.Y's PE Ratio?
PE Ratio22.3x
EarningsUK£54.84m
Market CapUK£1.22b

Price to Earnings Ratio vs Peers

How does BYIT.Y's PE Ratio compare to its peers?

The above table shows the PE ratio for BYIT.Y vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23x
KARO Karooooo
33x13.20%US$1.7b
SPNS Sapiens International
21.9x6.34%US$1.6b
OPRA Opera
19.4x16.94%US$1.6b
CXM Sprinklr
17.9x-25.72%US$2.2b
BYIT.Y Bytes Technology Group
22.3x8.13%US$1.2b

Price-To-Earnings vs Peers: BYIT.Y is good value based on its Price-To-Earnings Ratio (22.3x) compared to the peer average (23x).

Price to Earnings Ratio vs Industry

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

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NXTT Next Technology Holding
4.7xn/aUS$916.16m
YXT YXT.COM Group Holding
1.5xn/aUS$60.08m
AMOD Alpha Modus Holdings
4.5xn/aUS$18.39m
XNDA Tribal Rides International
2.8xn/aUS$1.18m
BYIT.Y 22.3xIndustry Avg. 36.0xNo. of Companies12PE020406080100+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BYIT.Y is good value based on its Price-To-Earnings Ratio (22.3x) compared to the US Software industry average (36x).

Price to Earnings Ratio vs Fair Ratio

What is BYIT.Y'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.

BYIT.Y PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BYIT.Y's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

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

AnalystConsensusTarget
Consensus Narrative from 10 Analysts
US$17.50
Fair Value
16.5% undervalued intrinsic discount
10
Number of Analysts

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/18 04:41
End of Day Share Price 2025/05/15 00:00
Earnings2025/02/28
Annual Earnings2025/02/28

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.

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 Github.

Analyst Sources

Bytes Technology Group plc is covered by 17 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James ZarembaBarclays
Benjamin MayBerenberg
Alexander James ShortBerenberg