Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Trustpilot Group plc is a technology company specializing in the development and hosting of an online review platform that connects businesses and consumers across the United Kingdom, North America, Europe, and internationally. Founded in 2007 and headquartered in London, it empowers consumers to make informed purchasing decisions through authentic reviews while enabling businesses to showcase their TrustScore, respond to feedback, and enhance services using advanced analytics and insights. Operating on a freemium software-as-a-service (SaaS) model, Trustpilot provides a free basic product alongside premium plans featuring review invitation tools, performance benchmarking, and AI-driven fraud detection to maintain transparency and trust. Industry-agnostic, it serves businesses from small enterprises to large corporations in over 100 countries, hosting more than 300 million reviews, attracting 60-64 million monthly active users, and generating significant off-platform reach through search results and 140 billion annual Trustbox impressions. With approximately 988 employees led by CEO Adrian Blair, Trustpilot Group plc plays a pivotal role in the software application sector by fostering a neutral, open ecosystem that promotes consumer feedback, business growth, and mutual trust worldwide.
£2.73
£0.04 (-1.52%)
EOD Jul 3, 2026
Operating margin is thin at 6.94%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue up 23.9% YoY with margins expanding 3.9pp.
At 203x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
202.6x earnings, 29.3x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$261M
▲ +23.9% YoY
Net Income (TTM)
$8M
▲ +24.4% YoY
Op. Margin
6.94%
▲ +3.9pp YoY
ROIC
25.06%
▲ +16.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$51M
▲ +157.7% YoY
Op. Cash Flow (TTM)
$51M
▲ +128.0% YoY
Net Debt
-$29M
Net Cash Position
Cash & Equiv.
$48M
3Y CAGR: +20.6%
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At a P/E of 202.6 and a price-to-free-cash-flow of 29.3, Trustpilot Group (TRST.XLON) trades below a two-stage DCF intrinsic value of about $6.36 per share, so at $2.73 the stock looks undervalued (132.8% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Trustpilot Group scores 86/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $6.36 per share for TRST.XLON, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $4.77. At today's $2.73, that puts the stock about 132.8% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Trustpilot Group scores 86 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. Recent fundamentals include a 6.9% operating margin and a 25.1% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. TRST.XLON currently trades below its estimated intrinsic value and scores 86/100 on quality (high-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.