-13%

est. 2Y upside i

Rank

#2972

Sector

Digital Workplace Solutions

Est. Liquidity

~0Y

Data Quality

Data: High

TeamViewer presents a moderate upside opportunity for a job seeker.

Last updated: March 10, 2026

Bull (25%)+100%

Successful execution in the high-growth DEX and Industrial AR segments, coupled with a revitalization of the SMB business and effective AI integration, accelerates overall revenue growth to mid-to-high single digits (e.g., 7-10% YoY). This re-ignites investor confidence, leading to a market re-rating of the company's valuation multiple to 2.0-2.5x P/S, pushing the market cap to over $1.7B.

Base (40%)+40%

TeamViewer maintains its market position, with modest growth driven by the enterprise segment and gradual traction in DEX/AR, offsetting continued challenges in the SMB market. Overall revenue growth remains in the low single digits (e.g., 3-5% YoY), and the market multiple sees a slight expansion to 1.2-1.5x P/S, resulting in a market cap around $1.2B.

Bear (35%)-40%

Intense competition in the core remote connectivity market and persistent struggles in the SMB segment lead to revenue stagnation or slight decline, while the expansion into DEX/AR fails to gain significant market share. The market continues to apply a depressed valuation multiple (e.g., 0.6-0.8x P/S), causing the market cap to fall below $550M, significantly impacting equity value.

Est. time to liquidity~0.0 years

Preference Stack Risk

low

As a public company, employees hold common stock or options, not preferred shares with liquidation preferences.

Dilution Risk

moderate

Shares outstanding are approximately 157 million. The company has a share buyback program that can offset dilution from stock-based compensation.

Secondary Liquidity

active

As a publicly traded company on the Frankfurt Stock Exchange (TMV.DE), shares can be freely bought and sold.

Questions to Ask at the Interview

Strategic questions based on TeamViewer's data — designed to show you've done your homework.

  • 1

    Given the guidance of 0-3% revenue growth for FY2026, what specific initiatives are in place to re-accelerate to mid-to-high single-digit growth by 2027, particularly in the SMB segment which saw a decline in ARR?

  • 2

    The acquisition of 1E was intended to boost DEX. How is the company addressing the integration challenges and talent departures mentioned in Q4 2025, and what are the key milestones for 1E's contribution to overall growth?

  • 3

    TeamViewer's current P/S multiple is quite low for a profitable software company. How does the company plan to communicate its value proposition and growth strategy to the market to potentially achieve a re-rating of its stock?

Community

Valuation Sentiment

Our model estimates -13% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.