CM.com N.V (CMCOM) Fair Value & Analysis

Technology · NL · Market cap €240M

Below-average quality, screening 13% undervalued on our models.

What matters now

• Our model range runs from €6.19 (bear) to €9.65 (bull), base €7.92. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 38/100 (below-average quality) with medium evidence: read the verdict with care.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range €3.97 – €46.45 · fair‑value band €6.19 – €9.65 · the €6.98 price screens below the €7.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

CM.com N.V (CMCOM) currently trades at €6.98, while our model-based Fair Value estimate is €7.92, implying the stock looks roughly 13.5% undervalued today. The Quality Score stands at 38/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, CM.com N.V generated revenue of €259M at a net margin of -1.5%. Revenue declined 3.5% year over year. It earns a return on equity of -22.2%. The balance sheet holds a net cash position of €33.2M. Fundamentals as of Jul 19, 2026

Our scenario range runs from €6.19 (bear case) to €9.65 (bull case); at €6.98, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 16% below its 52-week high and 79% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at 13%, CMCOM screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Multiples (€5.69) versus Dividend Discount (€0.1700). Highest evidence: Gordon GGM (70).

Key figures & financial health

Quality Score breakdown

About the company

CM.com N.V. provides cloud software for conversational commerce worldwide. The company operates in four segments: Connect, Engage, Pay and Live.

Full company description

CM.com N.V. provides cloud software for conversational commerce worldwide. The company operates in four segments: Connect, Engage, Pay and Live. The company offers HALO Al agents, Al engine for 1:1 personalization, and customer data platform for unified customer profiles; service cloud, a shared agent inbox; marketing cloud for marketing campaigns; event app, a festival and event app, and event marketing for data driven communication; business messaging, one time password, and verification APIs; SIP trunking and voice API; online payments For webshops and e-commerce; in-person payments for fixed and mobile terminals; ticketing for ticket sales and registrations; and cash register for cashless event payments. It serves charities, financial services, government, healthcare, leisure and travel, logistics and transport, museums, zoos and parks, music and live, professional services, retail and e-commerce, sports, tech and media, and utilities and telco markets. The company was formerly known as CM.Com B.V. and changed its name to CM.com N.V. in February 2020. CM.com N.V. was founded in 1999 and is headquartered in Breda, the Netherlands.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CM.com N.V reported revenue of €259M in FY2025 versus €237M in FY2021, a compound +2.3%/yr. Reported net income was −€3.8M in FY2025.

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Peer Group

Software - Application · 709 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Software - Application median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.