SPS Commerce Inc
NASDAQ:SPSC

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SPS Commerce Inc
NASDAQ:SPSC
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Price: 94.49 USD 1.33% Market Closed
Market Cap: 3.6B USD

Relative Value

The Relative Value of one SPSC stock under the Base Case scenario is 164.63 USD. Compared to the current market price of 94.49 USD, SPS Commerce Inc is Undervalued by 43%.

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
164.63 USD
Undervaluation 43%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
93
vs Industry
15
Median 3Y
11.8
Median 5Y
11.6
Industry
2.4
Forward
4.6
vs History
93
vs Industry
9
Median 3Y
93.6
Median 5Y
91.7
Industry
22.3
Forward
22.4
vs History
93
vs Industry
18
Median 3Y
47.4
Median 5Y
45.2
Industry
16
vs History
93
vs Industry
18
Median 3Y
55.1
Median 5Y
53.9
Industry
20.9
vs History
93
vs Industry
19
Median 3Y
9.4
Median 5Y
8.9
Industry
3
vs History
93
vs Industry
15
Median 3Y
11.3
Median 5Y
11
Industry
2.4
Forward
4.5
vs History
93
vs Industry
20
Median 3Y
17.1
Median 5Y
16.4
Industry
4.9
vs History
93
vs Industry
13
Median 3Y
52.4
Median 5Y
51
Industry
12.2
Forward
14.6
vs History
93
vs Industry
10
Median 3Y
75.3
Median 5Y
72.9
Industry
15.9
Forward
16.3
vs History
93
vs Industry
19
Median 3Y
45.4
Median 5Y
42.7
Industry
14.7
vs History
93
vs Industry
16
Median 3Y
53.6
Median 5Y
51.3
Industry
17.4
vs History
93
vs Industry
17
Median 3Y
10.7
Median 5Y
11
Industry
2.4

Multiples Across Competitors

SPSC Competitors Multiples
SPS Commerce Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
SPS Commerce Inc
NASDAQ:SPSC
3.6B USD 4.9 41.9 20.9 31.7
US
Ezenia! Inc
OTC:EZEN
567B USD 233 910.9 -180 630.8 -182 667.2 -177 298
US
Palantir Technologies Inc
NYSE:PLTR
421.1B USD 108.1 384.4 473.4 488
DE
SAP SE
XETRA:SAP
247.7B EUR 6.8 35 21.5 24.3
US
Salesforce Inc
NYSE:CRM
244.9B USD 6.1 33.9 19.7 27.2
US
Applovin Corp
NASDAQ:APP
219.3B USD 39.7 77.5 61.5 66.8
US
Intuit Inc
NASDAQ:INTU
180.2B USD 9.3 43.8 30.3 35
US
Adobe Inc
NASDAQ:ADBE
139.8B USD 5.9 19.6 14.6 16
US
NCR Corp
LSE:0K45
143.4B USD 54.1 -2 350.2 407.3 1 191.6
US
Synopsys Inc
NASDAQ:SNPS
97.7B USD 13.8 73.3 68.7 118.2
US
Cadence Design Systems Inc
NASDAQ:CDNS
89.2B USD 17.1 84.1 47.7 54
P/S Multiple
Revenue Growth P/S to Growth
US
SPS Commerce Inc
NASDAQ:SPSC
Average P/S: 21 288.8
4.9
11%
0.4
US
Ezenia! Inc
OTC:EZEN
233 910.9
N/A N/A
US
Palantir Technologies Inc
NYSE:PLTR
108.1
46%
2.3
DE
SAP SE
XETRA:SAP
6.8
11%
0.6
US
Salesforce Inc
NYSE:CRM
6.1
10%
0.6
US
Applovin Corp
NASDAQ:APP
39.7
29%
1.4
US
Intuit Inc
NASDAQ:INTU
9.3
13%
0.7
US
Adobe Inc
NASDAQ:ADBE
5.9
10%
0.6
US
N
NCR Corp
LSE:0K45
54.1
-8%
N/A
US
Synopsys Inc
NASDAQ:SNPS
13.8
20%
0.7
US
Cadence Design Systems Inc
NASDAQ:CDNS
17.1
14%
1.2
P/E Multiple
Earnings Growth PEG
US
SPS Commerce Inc
NASDAQ:SPSC
Average P/E: 88.2
41.9
37%
1.1
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
US
Palantir Technologies Inc
NYSE:PLTR
384.4
94%
4.1
DE
SAP SE
XETRA:SAP
35
48%
0.7
US
Salesforce Inc
NYSE:CRM
33.9
32%
1.1
US
Applovin Corp
NASDAQ:APP
77.5
61%
1.3
US
Intuit Inc
NASDAQ:INTU
43.8
31%
1.4
US
Adobe Inc
NASDAQ:ADBE
19.6
21%
0.9
US
N
NCR Corp
LSE:0K45
Negative Multiple: -2 350.2
-49%
N/A
US
Synopsys Inc
NASDAQ:SNPS
73.3
43%
1.7
US
Cadence Design Systems Inc
NASDAQ:CDNS
84.1
34%
2.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
SPS Commerce Inc
NASDAQ:SPSC
Average EV/EBITDA: 116.6
20.9
32%
0.7
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -182 667.2 N/A N/A
US
Palantir Technologies Inc
NYSE:PLTR
473.4
137%
3.5
DE
SAP SE
XETRA:SAP
21.5
18%
1.2
US
Salesforce Inc
NYSE:CRM
19.7
24%
0.8
US
Applovin Corp
NASDAQ:APP
61.5
53%
1.2
US
Intuit Inc
NASDAQ:INTU
30.3
27%
1.1
US
Adobe Inc
NASDAQ:ADBE
14.6
16%
0.9
US
N
NCR Corp
LSE:0K45
407.3
16%
25.5
US
Synopsys Inc
NASDAQ:SNPS
68.7
56%
1.2
US
Cadence Design Systems Inc
NASDAQ:CDNS
47.7
27%
1.8
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
SPS Commerce Inc
NASDAQ:SPSC
Average EV/EBIT: 205.3
31.7
45%
0.7
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -177 298 N/A N/A
US
Palantir Technologies Inc
NYSE:PLTR
488
141%
3.5
DE
SAP SE
XETRA:SAP
24.3
21%
1.2
US
Salesforce Inc
NYSE:CRM
27.2
34%
0.8
US
Applovin Corp
NASDAQ:APP
66.8
57%
1.2
US
Intuit Inc
NASDAQ:INTU
35
32%
1.1
US
Adobe Inc
NASDAQ:ADBE
16
17%
0.9
US
N
NCR Corp
LSE:0K45
1 191.6
70%
17
US
Synopsys Inc
NASDAQ:SNPS
118.2
73%
1.6
US
Cadence Design Systems Inc
NASDAQ:CDNS
54
30%
1.8