Relative Value

The Relative Value of one RM stock under the Base Case scenario is 208.21 GBX. Compared to the current market price of 101 GBX, RM PLC is Undervalued by 51%.

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.

RM Relative Value
Base Case
208.21 GBX
Undervaluation 51%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
47
vs Industry
83
Median 3Y
0.4
Median 5Y
0.5
Industry
2.2
Forward
0.5
vs History
vs Industry
45
Median 3Y
-4.2
Median 5Y
-1.6
Industry
21.6
Forward
13
vs History
19
vs Industry
46
Median 3Y
-2.2
Median 5Y
8
Industry
16.3
vs History
38
vs Industry
31
Median 3Y
-2.1
Median 5Y
9.9
Industry
20.5
vs History
14
vs Industry
24
Median 3Y
1.4
Median 5Y
2.7
Industry
2.7
vs History
26
vs Industry
67
Median 3Y
0.7
Median 5Y
0.8
Industry
2.2
Forward
0.8
vs History
34
vs Industry
65
Median 3Y
2
Median 5Y
2.1
Industry
4.5
vs History
60
vs Industry
44
Median 3Y
7.2
Median 5Y
7.8
Industry
12.1
Forward
9.3
vs History
4
vs Industry
11
Median 3Y
13.9
Median 5Y
12.6
Industry
15.5
Forward
12.2
vs History
25
vs Industry
30
Median 3Y
-5.4
Median 5Y
8.7
Industry
14.7
vs History
26
vs Industry
27
Median 3Y
-4.4
Median 5Y
11.2
Industry
17.6
vs History
7
vs Industry
52
Median 3Y
0.8
Median 5Y
1.3
Industry
2.3

Multiples Across Competitors

RM Competitors Multiples
RM PLC Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
UK
RM PLC
LSE:RM
84.7m GBP 0.5 -17.9 7.1 44.9
US
Ezenia! Inc
OTC:EZEN
567B USD 233 910.9 -180 630.8 -182 667.2 -177 298
DE
SAP SE
XETRA:SAP
281B EUR 8.2 90 29.4 34
US
Salesforce Inc
NYSE:CRM
250.6B USD 6.6 40.3 22 32
US
Palantir Technologies Inc
NYSE:PLTR
237.1B USD 82.8 513.6 678 747
US
Intuit Inc
NASDAQ:INTU
169.8B USD 9.9 55.9 35.6 42.7
US
Adobe Inc
NASDAQ:ADBE
158.1B USD 7.2 23.4 17.4 19.3
US
NCR Corp
LSE:0K45
110.7B USD 39.2 117.4 328.7 2 709.5
US
Applovin Corp
NASDAQ:APP
90.5B USD 19.2 57.4 40.2 49.8
US
Microstrategy Inc
NASDAQ:MSTR
85.5B USD 185.5 -73.7 -2 045.8 -1 468.6
CA
Constellation Software Inc
TSX:CSU
101.1B CAD 7.2 99.7 27.8 51
P/S Multiple
Revenue Growth P/S to Growth
UK
RM PLC
LSE:RM
Average P/S: 21 297.9
0.5
4%
0.1
US
Ezenia! Inc
OTC:EZEN
233 910.9
N/A N/A
DE
SAP SE
XETRA:SAP
8.2
13%
0.6
US
Salesforce Inc
NYSE:CRM
6.6
9%
0.7
US
Palantir Technologies Inc
NYSE:PLTR
82.8
32%
2.6
US
Intuit Inc
NASDAQ:INTU
9.9
13%
0.8
US
Adobe Inc
NASDAQ:ADBE
7.2
10%
0.7
US
N
NCR Corp
LSE:0K45
39.2
-8%
N/A
US
Applovin Corp
NASDAQ:APP
19.2
21%
0.9
US
Microstrategy Inc
NASDAQ:MSTR
185.5
3%
61.8
CA
Constellation Software Inc
TSX:CSU
7.2
20%
0.4
P/E Multiple
Earnings Growth PEG
UK
RM PLC
LSE:RM
Average P/E: 124.7
Negative Multiple: -17.9
N/A N/A
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
DE
SAP SE
XETRA:SAP
90
50%
1.8
US
Salesforce Inc
NYSE:CRM
40.3
32%
1.3
US
Palantir Technologies Inc
NYSE:PLTR
513.6
68%
7.6
US
Intuit Inc
NASDAQ:INTU
55.9
34%
1.6
US
Adobe Inc
NASDAQ:ADBE
23.4
26%
0.9
US
N
NCR Corp
LSE:0K45
117.4
-51%
N/A
US
Applovin Corp
NASDAQ:APP
57.4
39%
1.5
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -73.7 N/A N/A
CA
Constellation Software Inc
TSX:CSU
99.7
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
UK
RM PLC
LSE:RM
Average EV/EBITDA: 131.8
7.1
-4%
N/A
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -182 667.2 N/A N/A
DE
SAP SE
XETRA:SAP
29.4
19%
1.5
US
Salesforce Inc
NYSE:CRM
22
21%
1
US
Palantir Technologies Inc
NYSE:PLTR
678
105%
6.5
US
Intuit Inc
NASDAQ:INTU
35.6
29%
1.2
US
Adobe Inc
NASDAQ:ADBE
17.4
17%
1
US
N
NCR Corp
LSE:0K45
328.7
11%
29.9
US
Applovin Corp
NASDAQ:APP
40.2
38%
1.1
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -2 045.8 N/A N/A
CA
Constellation Software Inc
TSX:CSU
27.8
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
UK
RM PLC
LSE:RM
Average EV/EBIT: 414.5
44.9
62%
0.7
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -177 298 N/A N/A
DE
SAP SE
XETRA:SAP
34
21%
1.6
US
Salesforce Inc
NYSE:CRM
32
33%
1
US
Palantir Technologies Inc
NYSE:PLTR
747
108%
6.9
US
Intuit Inc
NASDAQ:INTU
42.7
35%
1.2
US
Adobe Inc
NASDAQ:ADBE
19.3
20%
1
US
N
NCR Corp
LSE:0K45
2 709.5
84%
32.3
US
Applovin Corp
NASDAQ:APP
49.8
40%
1.2
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -1 468.6 N/A N/A
CA
Constellation Software Inc
TSX:CSU
51
24%
2.1