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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Pb Multiple | -2.9x - -3.2x | -3.0x |
Historical Pb Multiple | -13.9x - 386.8x | -3.8x |
Fair Value | $17.39 - $19.22 | $18.31 |
Upside | -24.1% - -16.1% | -20.1% |
Benchmarks | - | Full Ticker |
Five9, Inc. | - | NasdaqGM:FIVN |
Verint Systems Inc. | - | NasdaqGS:VRNT |
Nutanix, Inc. | - | NasdaqGS:NTNX |
ON24, Inc. | - | NYSE:ONTF |
Palo Alto Networks, Inc. | - | NasdaqGS:PANW |
RingCentral, Inc. | - | NYSE:RNG |
Select Price / Book Ratio | ||||||||
Benchmark Companies | ||||||||
FIVN | VRNT | NTNX | ONTF | PANW | RNG | |||
NasdaqGM:FIVN | NasdaqGS:VRNT | NasdaqGS:NTNX | NYSE:ONTF | NasdaqGS:PANW | NYSE:RNG | |||
Historical Net Income Growth | ||||||||
5Y CAGR | NM- | NM- | NM- | NM- | NM- | NM- | ||
3Y CAGR | NM- | NM- | NM- | NM- | NM- | NM- | ||
Latest Twelve Months | 84.4% | 264.9% | 17.8% | 18.6% | -44.9% | 64.7% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -8.4% | 2.6% | -39.8% | -17.9% | 3.4% | -17.4% | ||
Prior Fiscal Year | -9.0% | 2.0% | -13.7% | -31.6% | 6.4% | -7.5% | ||
Latest Fiscal Year | -1.2% | 7.1% | -5.8% | -28.5% | 32.1% | -2.4% | ||
Latest Twelve Months | -1.2% | 7.1% | -2.4% | -28.5% | 14.6% | -2.4% | ||
Return on Equity | ||||||||
5 Year Average Margin | -21.8% | 0.1% | -1457.4% | -15.9% | -2.3% | -687.8% | ||
Prior Fiscal Year | -19.3% | 2.1% | NM | -21.2% | 44.9% | NM | ||
Latest Twelve Months | -2.2% | 7.6% | NM | -24.8% | 23.4% | NM | ||
Next Fiscal Year | 27.8% | 22.2% | -61.8% | 1.2% | 38.1% | -76.7% | ||
Two Fiscal Years Forward | 24.8% | 20.6% | -70.8% | 2.8% | 34.0% | -107.4% | ||
Current Trading Multiples | ||||||||
Price / LTM Sales | 1.7x | 1.1x | 6.8x | 1.4x | 13.0x | 0.9x | ||
Price / LTM EPS | -136.7x | 15.2x | -285.6x | -4.8x | 88.8x | -35.6x | ||
Price / Book | 2.8x | 1.1x | -19.6x | 1.3x | 17.5x | -3.8x | ||
Price / Fwd Book | 2.1x | 1.0x | -19.7x | 1.5x | 16.5x | -4.3x | ||
Low | Mid | High | ||||||
Benchmark P/B Ratio | -19.6x | 1.3x | 17.5x | |||||
Historical P/B Ratio | -13.9x | -3.8x | 386.8x | |||||
Selected P/B Multiple | -2.9x | -3.0x | -3.2x | |||||
(x) Book Value | (551) | (551) | (551) |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | FIVN | VRNT | NTNX | ONTF | PANW | RNG | |
Value of Common Equity | 1,749 | 987 | 15,813 | 201 | 111,458 | 2,078 | |
(/) Shares Outstanding | 75.8 | 62.1 | 266.7 | 42.3 | 662.1 | 90.7 | |
Implied Stock Price | 23.07 | 15.88 | 59.30 | 4.75 | 168.34 | 22.90 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 23.07 | 15.88 | 59.30 | 4.75 | 168.34 | 22.90 | |
Trading Currency | USD | USD | USD | USD | USD | USD | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |