SPS Commerce Inc
NASDAQ:SPSC

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SPS Commerce Inc Logo
SPS Commerce Inc
NASDAQ:SPSC
Watchlist
Price: 133.5 USD -2.01% Market Closed
Market Cap: 5B USD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one SPSC stock under the Base Case scenario is 169 USD. Compared to the current market price of 133.5 USD, SPS Commerce Inc is Undervalued by 21%.

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.

SPSC Relative Value
Base Case
169 USD
Undervaluation 21%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

7.9
P/S
P/S
Price to Sales
7.9
vs History
90
vs Industry
15
Median 3Y
11.8
Median 5Y
11.6
Industry
2.3
Forward
6.5
More Details
65.3
P/E
P/E
Price to Earnings
65.3
vs History
90
vs Industry
9
Median 3Y
96.8
Median 5Y
91.7
Industry
22.1
Forward
33.8
More Details
31.9
P/OCF
P/OCF
Price to OCF
31.9
vs History
88
vs Industry
18
Median 3Y
48
Median 5Y
45.2
Industry
16.7
More Details
36.6
P/FCFE
P/FCFE
Price to FCFE
36.6
vs History
90
vs Industry
18
Median 3Y
57.7
Median 5Y
53.9
Industry
20.8
More Details
5.9
P/B
P/B
Price to Book Value
5.9
vs History
90
vs Industry
19
Median 3Y
9.6
Median 5Y
8.9
Industry
2.8
More Details
7.5
EV/S
EV/S
Enterprise Value to Sales
7.5
vs History
90
vs Industry
15
Median 3Y
11.3
Median 5Y
11
Industry
2.3
Forward
6.2
More Details
11.2
EV/GP
EV/GP
Enterprise Value to Gross Profit
11.2
vs History
90
vs Industry
20
Median 3Y
17.1
Median 5Y
16.4
Industry
4.7
More Details
36.5
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
36.5
vs History
90
vs Industry
13
Median 3Y
53.5
Median 5Y
51
Industry
12.5
Forward
20.6
More Details
53.9
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
53.9
vs History
88
vs Industry
10
Median 3Y
77.4
Median 5Y
72.9
Industry
16
Forward
23.2
More Details
30.4
EV/OCF
EV/OCF
Enterprise Value to OCF
30.4
vs History
87
vs Industry
19
Median 3Y
46.1
Median 5Y
42.7
Industry
15.4
More Details
34.9
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
34.9
vs History
90
vs Industry
16
Median 3Y
55.1
Median 5Y
51.3
Industry
18.1
More Details
6.1
EV/IC
EV/IC
Enterprise Value to IC
6.1
vs History
96
vs Industry
17
Median 3Y
11.6
Median 5Y
11.2
Industry
2.4
More Details

Multiples Across Competitors

SPSC Competitors Multiples
SPS Commerce Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
SPS Commerce Inc
NASDAQ:SPSC
5B USD 7.9 65.3 36.5 53.9
US
Ezenia! Inc
OTC:EZEN
567B USD 233 910.9 -180 630.8 -182 667.2 -177 298
DE
SAP SE
XETRA:SAP
287.8B EUR 8.4 92.1 30.1 34.8
US
Salesforce Inc
NYSE:CRM
258.4B USD 6.8 41.7 22.7 33
US
Palantir Technologies Inc
NYSE:PLTR
195.6B USD 68.2 423.1 556.6 613.2
US
Adobe Inc
NASDAQ:ADBE
169.8B USD 7.7 25.2 18.7 20.8
US
Intuit Inc
NASDAQ:INTU
167.5B USD 9.8 55.2 35.2 42.1
US
NCR Corp
LSE:0K45
131.3B USD 46.4 139.2 389.4 3 210.4
US
Applovin Corp
NASDAQ:APP
92.6B USD 19.7 58.7 41.1 50.9
US
Microstrategy Inc
NASDAQ:MSTR
71.1B USD 153.5 -61 -1 727.8 -1 240.3
US
Cadence Design Systems Inc
NASDAQ:CDNS
70.3B USD 15.1 66.6 44.1 50.4
P/S Multiple
Revenue Growth P/S to Growth
US
SPS Commerce Inc
NASDAQ:SPSC
Average P/S: 21 295.9
7.9
17%
0.5
US
Ezenia! Inc
OTC:EZEN
233 910.9
N/A N/A
DE
SAP SE
XETRA:SAP
8.4
13%
0.6
US
Salesforce Inc
NYSE:CRM
6.8
10%
0.7
US
Palantir Technologies Inc
NYSE:PLTR
68.2
32%
2.1
US
Adobe Inc
NASDAQ:ADBE
7.7
10%
0.8
US
Intuit Inc
NASDAQ:INTU
9.8
13%
0.8
US
N
NCR Corp
LSE:0K45
46.4
-9%
N/A
US
Applovin Corp
NASDAQ:APP
19.7
21%
0.9
US
Microstrategy Inc
NASDAQ:MSTR
153.5
3%
51.2
US
Cadence Design Systems Inc
NASDAQ:CDNS
15.1
13%
1.2
P/E Multiple
Earnings Growth PEG
US
SPS Commerce Inc
NASDAQ:SPSC
Average P/E: 107.4
65.3
40%
1.6
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
DE
SAP SE
XETRA:SAP
92.1
50%
1.8
US
Salesforce Inc
NYSE:CRM
41.7
31%
1.3
US
Palantir Technologies Inc
NYSE:PLTR
423.1
71%
6
US
Adobe Inc
NASDAQ:ADBE
25.2
27%
0.9
US
Intuit Inc
NASDAQ:INTU
55.2
35%
1.6
US
N
NCR Corp
LSE:0K45
139.2
-49%
N/A
US
Applovin Corp
NASDAQ:APP
58.7
38%
1.5
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -61 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
66.6
32%
2.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
SPS Commerce Inc
NASDAQ:SPSC
Average EV/EBITDA: 130.5
36.5
36%
1
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -182 667.2 N/A N/A
DE
SAP SE
XETRA:SAP
30.1
19%
1.6
US
Salesforce Inc
NYSE:CRM
22.7
21%
1.1
US
Palantir Technologies Inc
NYSE:PLTR
556.6
105%
5.3
US
Adobe Inc
NASDAQ:ADBE
18.7
17%
1.1
US
Intuit Inc
NASDAQ:INTU
35.2
29%
1.2
US
N
NCR Corp
LSE:0K45
389.4
12%
32.5
US
Applovin Corp
NASDAQ:APP
41.1
38%
1.1
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -1 727.8 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
44.1
25%
1.8
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
SPS Commerce Inc
NASDAQ:SPSC
Average EV/EBIT: 456.6
53.9
48%
1.1
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -177 298 N/A N/A
DE
SAP SE
XETRA:SAP
34.8
21%
1.7
US
Salesforce Inc
NYSE:CRM
33
33%
1
US
Palantir Technologies Inc
NYSE:PLTR
613.2
108%
5.7
US
Adobe Inc
NASDAQ:ADBE
20.8
20%
1
US
Intuit Inc
NASDAQ:INTU
42.1
35%
1.2
US
N
NCR Corp
LSE:0K45
3 210.4
84%
38.2
US
Applovin Corp
NASDAQ:APP
50.9
40%
1.3
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -1 240.3 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
50.4
27%
1.9

See Also

Summary
SPSC intrinsic value, competitors valuation, and company profile.
DCF Valuation
SPSC stock valuation using Discount Cash Flow valuation method.
Relative Valuation
SPSC stock valuation using valuation multiples.
Wall Street Estimates
SPSC price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
SPSC stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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