Spir Group ASA
OSE:SPIR

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Spir Group ASA
OSE:SPIR
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Price: 9.68 NOK 1.47% Market Closed
Market Cap: 1.3B NOK

Relative Value

The Relative Value of one SPIR stock under the Base Case scenario is 13.22 NOK. Compared to the current market price of 9.68 NOK, Spir Group ASA is Undervalued by 27%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

SPIR Relative Value
Base Case
13.22 NOK
Undervaluation 27%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
36
vs Industry
65
Median 3Y
1
Median 5Y
1
Industry
2.3
Forward
1
vs History
36
vs Industry
17
Median 3Y
16
Median 5Y
20.2
Industry
22.3
Forward
16.5
vs History
46
vs Industry
57
Median 3Y
5.5
Median 5Y
5.8
Industry
16.8
vs History
1
vs Industry
31
Median 3Y
2.2
Median 5Y
2.5
Industry
21.1
vs History
48
vs Industry
72
Median 3Y
1
Median 5Y
1.1
Industry
2.8
vs History
43
vs Industry
53
Median 3Y
1.5
Median 5Y
1.6
Industry
2.3
Forward
1.5
vs History
43
vs Industry
61
Median 3Y
2.4
Median 5Y
2.6
Industry
4.7
vs History
56
vs Industry
38
Median 3Y
9.3
Median 5Y
9.8
Industry
12.2
Forward
7
vs History
61
vs Industry
15
Median 3Y
35.9
Median 5Y
41
Industry
16
Forward
17.2
vs History
48
vs Industry
47
Median 3Y
8.3
Median 5Y
8.3
Industry
15.2
vs History
50
vs Industry
32
Median 3Y
18.3
Median 5Y
16.3
Industry
18.4
vs History
48
vs Industry
71
Median 3Y
0.8
Median 5Y
0.9
Industry
2.3

Multiples Across Competitors

SPIR Competitors Multiples
Spir Group ASA Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
NO
Spir Group ASA
OSE:SPIR
1.3B NOK 1.1 38.1 9.4 35.2
US
Ezenia! Inc
OTC:EZEN
567B USD 233 910.9 -180 630.8 -182 667.2 -177 298
DE
SAP SE
XETRA:SAP
310.7B EUR 8.8 54.2 29.3 33.5
US
Palantir Technologies Inc
NYSE:PLTR
283.1B USD 98.8 612.5 812.5 895.2
US
Salesforce Inc
NYSE:CRM
263.3B USD 6.9 42.5 23.1 33.6
US
Intuit Inc
NASDAQ:INTU
176.7B USD 10.3 58.2 37 44.4
US
Adobe Inc
NASDAQ:ADBE
167.7B USD 7.6 24.8 18.5 20.5
US
NCR Corp
LSE:0K45
117.6B USD 41.6 124.7 348.9 2 876.5
US
Applovin Corp
NASDAQ:APP
104.6B USD 22.2 66.3 46.2 57.3
US
Microstrategy Inc
NASDAQ:MSTR
96.9B USD 209.1 -83.1 -2 297.2 -1 649
US
Cadence Design Systems Inc
NASDAQ:CDNS
84.5B USD 17.3 78.2 49.5 56.5
P/S Multiple
Revenue Growth P/S to Growth
NO
Spir Group ASA
OSE:SPIR
Average P/S: 21 303.2
1.1
N/A N/A
US
Ezenia! Inc
OTC:EZEN
233 910.9
N/A N/A
DE
SAP SE
XETRA:SAP
8.8
12%
0.7
US
Palantir Technologies Inc
NYSE:PLTR
98.8
32%
3.1
US
Salesforce Inc
NYSE:CRM
6.9
10%
0.7
US
Intuit Inc
NASDAQ:INTU
10.3
13%
0.8
US
Adobe Inc
NASDAQ:ADBE
7.6
10%
0.8
US
N
NCR Corp
LSE:0K45
41.6
-8%
N/A
US
Applovin Corp
NASDAQ:APP
22.2
20%
1.1
US
Microstrategy Inc
NASDAQ:MSTR
209.1
3%
69.7
US
Cadence Design Systems Inc
NASDAQ:CDNS
17.3
13%
1.3
P/E Multiple
Earnings Growth PEG
NO
Spir Group ASA
OSE:SPIR
Average P/E: 122.2
38.1
N/A N/A
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
DE
SAP SE
XETRA:SAP
54.2
50%
1.1
US
Palantir Technologies Inc
NYSE:PLTR
612.5
69%
8.9
US
Salesforce Inc
NYSE:CRM
42.5
32%
1.3
US
Intuit Inc
NASDAQ:INTU
58.2
34%
1.7
US
Adobe Inc
NASDAQ:ADBE
24.8
26%
1
US
N
NCR Corp
LSE:0K45
124.7
-52%
N/A
US
Applovin Corp
NASDAQ:APP
66.3
39%
1.7
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -83.1 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
78.2
33%
2.4
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NO
Spir Group ASA
OSE:SPIR
Average EV/EBITDA: 152.7
9.4
N/A N/A
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -182 667.2 N/A N/A
DE
SAP SE
XETRA:SAP
29.3
19%
1.5
US
Palantir Technologies Inc
NYSE:PLTR
812.5
105%
7.7
US
Salesforce Inc
NYSE:CRM
23.1
21%
1.1
US
Intuit Inc
NASDAQ:INTU
37
29%
1.3
US
Adobe Inc
NASDAQ:ADBE
18.5
17%
1.1
US
N
NCR Corp
LSE:0K45
348.9
11%
31.7
US
Applovin Corp
NASDAQ:APP
46.2
38%
1.2
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -2 297.2 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
49.5
25%
2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
NO
Spir Group ASA
OSE:SPIR
Average EV/EBIT: 450.3
35.2
N/A N/A
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -177 298 N/A N/A
DE
SAP SE
XETRA:SAP
33.5
21%
1.6
US
Palantir Technologies Inc
NYSE:PLTR
895.2
107%
8.4
US
Salesforce Inc
NYSE:CRM
33.6
32%
1.1
US
Intuit Inc
NASDAQ:INTU
44.4
35%
1.3
US
Adobe Inc
NASDAQ:ADBE
20.5
20%
1
US
N
NCR Corp
LSE:0K45
2 876.5
79%
36.4
US
Applovin Corp
NASDAQ:APP
57.3
38%
1.5
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -1 649 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
56.5
28%
2