SPS Commerce

Valuation Analysis

About the Company

SPS Commerce en bref

SPS Commerce (SPSC) is currently trading at 46,37 € with a market capitalization of 1,7 Md €. The trailing P/E ratio stands at 22.05x, with a forward P/E of 10.17x. The 52-week range spans from 42,80 € to 125,27 €; the current price is 63% below the yearly high. Year-over-year revenue growth stands at +5.8%. The net profit margin stands at 11.92%.

💰 Dividende

SPS Commerce currently does not pay a dividend. The company typically reinvests its earnings into growth initiatives and product development.

📊 Avis des analystes

11 analystes évaluent SPS Commerce (SPSC) au consensus : None. L'objectif de cours moyen est de 59,42 €, soit un potentiel de +28.16% par rapport au cours actuel. La fourchette des objectifs de cours des analystes va de 48,00 € à 89,89 €.

SPS Commerce : la thèse d'investissement en détail

SPS Commerce (SPSC) operates in the Technology — specifically Software - Application — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

Le scénario haussier

With a gross margin near 69.3%, the company sits in the top tier of its industry — these are the kinds of structural margins that protect earnings during downturns.

Valorisation en contexte

At a PEG of 4.55, investors are paying more than three times the growth rate for each unit of earnings — that pricing assumes growth not only continues but accelerates from here.

À surveiller

• The forward P/E of 10.17x is meaningfully below the trailing 22.05x — analysts expect earnings to step up; the next earnings release is the test.
• The price sits in the lower quartile of the 52-week range — value hunters often start scaling in around this zone if fundamentals hold.
• The analyst consensus price target implies 28.16% upside — if the next two quarters confirm the underlying thesis, target hikes typically follow.

Thèse d'investissement : forces et faiblesses

Aperçu technique

Price is below both the 50- and 200-day moving averages, with 50d below 200d — a bearish picture (death-cross alignment).

Profil de risque

The data points to relatively defensive market behavior, elevated short interest (9.77%).

Trading Data

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