Sangoma Technologies Corporation

NasdaqGS:SANG Stock Report

Market Cap: US$213.5m

Sangoma Technologies Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: SANG ($6.35) is trading below our estimate of fair value ($22.25)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SANG. This is calculated by dividing SANG's market cap by their current revenue.
What is SANG's PS Ratio?
PS Ratio0.9x
SalesUS$244.41m
Market CapUS$213.47m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SANG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.8x
CRNT Ceragon Networks
0.7x7.7%US$239.6m
AVNW Aviat Networks
0.4x7.9%US$185.3m
AUDC AudioCodes
1x3.6%US$252.0m
GILT Gilat Satellite Networks
0.9x15.2%US$283.9m
SANG Sangoma Technologies
0.9x6.1%US$300.1m

Price-To-Sales vs Peers: SANG is expensive based on its Price-To-Sales Ratio (0.9x) compared to the peer average (0.8x).

Price to Sales Ratio vs Industry

How does SANG's PS Ratio compare vs other companies in the US Communications Industry?

13 CompaniesPrice / SalesEstimated GrowthMarket Cap
VSAT Viasat
0.2x1.8%US$1.01b
COMM CommScope Holding Company
0.2x-0.08%US$964.98m
TESS TESSCO Technologies
0.2xn/aUS$83.30m
CMTL Comtech Telecommunications
0.1x4.3%US$73.03m
SANG 0.9xIndustry Avg. 1.1xNo. of Companies13PS012345+
13 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SANG is good value based on its Price-To-Sales Ratio (0.9x) compared to the US Communications industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is SANG'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.

SANG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.9x
Fair PS Ratio2.5x

Price-To-Sales vs Fair Ratio: SANG is good value based on its Price-To-Sales Ratio (0.9x) compared to the estimated Fair Price-To-Sales Ratio (2.5x).

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 SANG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$6.35
US$8.58
+35.1%
7.6%US$9.34US$7.75n/a3
Nov ’25US$6.21
US$8.13
+30.8%
13.3%US$9.63US$7.19n/a3
Oct ’25US$5.66
US$8.19
+44.6%
12.5%US$9.63US$7.37n/a3
Sep ’25US$5.31
US$7.06
+33.0%
24.4%US$9.50US$5.85n/a3
Aug ’25US$5.13
US$7.06
+37.7%
24.4%US$9.50US$5.85n/a3
Jul ’25US$4.84
US$7.06
+46.0%
24.4%US$9.50US$5.85n/a3
Jun ’25US$5.78
US$7.06
+22.2%
24.4%US$9.50US$5.85n/a3
May ’25US$4.40
US$6.17
+40.2%
14.4%US$7.43US$5.51n/a3
Apr ’25US$4.77
US$6.17
+29.4%
14.4%US$7.43US$5.51n/a3
Mar ’25US$3.94
US$5.94
+50.8%
18.4%US$7.42US$4.83n/a3
Feb ’25US$2.82
US$5.61
+98.8%
26.5%US$7.63US$4.10n/a3
Jan ’25US$3.20
US$5.57
+74.1%
27.3%US$7.63US$4.00n/a3
Dec ’24US$3.15
US$5.57
+76.8%
27.3%US$7.63US$4.00n/a3
Nov ’24US$3.00
US$6.50
+116.6%
22.7%US$8.52US$5.04US$6.213
Oct ’24US$3.47
US$6.55
+88.7%
21.8%US$8.52US$5.19US$5.663
Sep ’24US$3.95
US$8.29
+109.9%
17.5%US$10.34US$7.15US$5.313
Aug ’24US$4.96
US$8.29
+67.2%
17.5%US$10.34US$7.15US$5.133
Jul ’24US$3.70
US$8.27
+123.5%
17.8%US$10.34US$7.08US$4.843
Jun ’24US$3.70
US$8.05
+117.6%
17.0%US$10.34US$6.65US$5.785
May ’24US$3.56
US$9.38
+163.3%
22.7%US$12.73US$6.74US$4.405
Apr ’24US$3.76
US$9.40
+149.9%
22.8%US$12.73US$6.74US$4.775
Mar ’24US$4.47
US$9.40
+110.4%
22.8%US$12.73US$6.74US$3.945
Feb ’24US$4.53
US$10.99
+142.6%
21.8%US$15.06US$9.03US$2.825
Jan ’24US$4.85
US$10.99
+126.6%
21.8%US$15.06US$9.03US$3.205
Dec ’23US$4.84
US$10.99
+127.1%
21.8%US$15.06US$9.03US$3.155
Nov ’23US$5.45
US$13.53
+148.2%
20.4%US$18.26US$10.91US$3.005

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

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