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COUCHBASE INC (BASE) Stock Fundamental Analysis

NASDAQ:BASE - Nasdaq - US22207T1016 - Common Stock - Currency: USD

18.06  -0.41 (-2.22%)

After market: 19.19 +1.13 (+6.26%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to BASE. BASE was compared to 82 industry peers in the IT Services industry. The financial health of BASE is average, but there are quite some concerns on its profitability. BASE is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year BASE has reported negative net income.
In the past year BASE has reported a negative cash flow from operations.
In the past 5 years BASE always reported negative net income.
In the past 5 years BASE always reported negative operating cash flow.
BASE Yearly Net Income VS EBIT VS OCF VS FCFBASE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 2025 -20M -40M -60M -80M

1.2 Ratios

BASE has a Return On Assets of -28.65%. This is amonst the worse of the industry: BASE underperforms 82.93% of its industry peers.
The Return On Equity of BASE (-58.50%) is worse than 76.83% of its industry peers.
Industry RankSector Rank
ROA -28.65%
ROE -58.5%
ROIC N/A
ROA(3y)-29.36%
ROA(5y)-29.56%
ROE(3y)-55.18%
ROE(5y)-105.11%
ROIC(3y)N/A
ROIC(5y)N/A
BASE Yearly ROA, ROE, ROICBASE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 2025 0 500 1K 1.5K

1.3 Margins

BASE's Gross Margin of 88.08% is amongst the best of the industry. BASE outperforms 98.78% of its industry peers.
BASE's Gross Margin has been stable in the last couple of years.
The Profit Margin and Operating Margin are not available for BASE so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 88.08%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0%
GM growth 5Y-0.55%
BASE Yearly Profit, Operating, Gross MarginsBASE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 2025 0 50

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5

2. Health

2.1 Basic Checks

BASE does not have a ROIC to compare to the WACC, probably because it is not profitable.
BASE has more shares outstanding than it did 1 year ago.
BASE has more shares outstanding than it did 5 years ago.
BASE has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
BASE Yearly Shares OutstandingBASE Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M
BASE Yearly Total Debt VS Total AssetsBASE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M

2.2 Solvency

Based on the Altman-Z score of 1.73, we must say that BASE is in the distress zone and has some risk of bankruptcy.
BASE has a worse Altman-Z score (1.73) than 64.63% of its industry peers.
BASE has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 1.73
ROIC/WACCN/A
WACC9.79%
BASE Yearly LT Debt VS Equity VS FCFBASE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 2025 0 50M -50M 100M 150M

2.3 Liquidity

A Current Ratio of 1.79 indicates that BASE should not have too much problems paying its short term obligations.
BASE's Current ratio of 1.79 is in line compared to the rest of the industry. BASE outperforms 59.76% of its industry peers.
BASE has a Quick Ratio of 1.79. This is a normal value and indicates that BASE is financially healthy and should not expect problems in meeting its short term obligations.
BASE's Quick ratio of 1.79 is in line compared to the rest of the industry. BASE outperforms 59.76% of its industry peers.
Industry RankSector Rank
Current Ratio 1.79
Quick Ratio 1.79
BASE Yearly Current Assets VS Current LiabilitesBASE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M

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6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 63.79% over the past year.
The Revenue has grown by 16.34% in the past year. This is quite good.
BASE shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.48% yearly.
EPS 1Y (TTM)63.79%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%100%
Revenue 1Y (TTM)16.34%
Revenue growth 3Y19.26%
Revenue growth 5Y20.48%
Sales Q2Q%9.65%

3.2 Future

Based on estimates for the next years, BASE will show a very strong growth in Earnings Per Share. The EPS will grow by 36.34% on average per year.
Based on estimates for the next years, BASE will show a quite strong growth in Revenue. The Revenue will grow by 11.74% on average per year.
EPS Next Y30.41%
EPS Next 2Y50.65%
EPS Next 3Y36.34%
EPS Next 5YN/A
Revenue Next Year10.75%
Revenue Next 2Y12.17%
Revenue Next 3Y14.29%
Revenue Next 5Y11.74%

3.3 Evolution

Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
BASE Yearly Revenue VS EstimatesBASE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 100M 200M 300M 400M 500M
BASE Yearly EPS VS EstimatesBASE Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 2028 0 -0.5 -1 -1.5 -2

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for BASE. In the last year negative earnings were reported.
Also next year BASE is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
BASE Price Earnings VS Forward Price EarningsBASE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 -50 -100

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
BASE Per share dataBASE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3

4.3 Compensation for Growth

A more expensive valuation may be justified as BASE's earnings are expected to grow with 36.34% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y50.65%
EPS Next 3Y36.34%

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0

5. Dividend

5.1 Amount

No dividends for BASE!.
Industry RankSector Rank
Dividend Yield N/A

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COUCHBASE INC

NASDAQ:BASE (5/28/2025, 8:20:14 PM)

After market: 19.19 +1.13 (+6.26%)

18.06

-0.41 (-2.22%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)02-25 2025-02-25/amc
Earnings (Next)06-03 2025-06-03/amc
Inst Owners85.77%
Inst Owner Change-7.21%
Ins Owners1.04%
Ins Owner Change5.76%
Market Cap974.88M
Analysts82.61
Price Target20.88 (15.61%)
Short Float %5.35%
Short Ratio2.69
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)69.5%
Min EPS beat(2)39%
Max EPS beat(2)100%
EPS beat(4)4
Avg EPS beat(4)51.04%
Min EPS beat(4)32.33%
Max EPS beat(4)100%
EPS beat(8)8
Avg EPS beat(8)45.27%
EPS beat(12)12
Avg EPS beat(12)41.27%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)0.39%
Min Revenue beat(2)-0.33%
Max Revenue beat(2)1.12%
Revenue beat(4)2
Avg Revenue beat(4)0.81%
Min Revenue beat(4)-0.99%
Max Revenue beat(4)3.45%
Revenue beat(8)6
Avg Revenue beat(8)1.93%
Revenue beat(12)10
Avg Revenue beat(12)3.23%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-5.12%
PT rev (3m)-10.5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-14.3%
EPS NY rev (1m)-1.9%
EPS NY rev (3m)-7.4%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.92%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.86%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 4.65
P/FCF N/A
P/OCF N/A
P/B 7.64
P/tB 7.64
EV/EBITDA N/A
EPS(TTM)-0.21
EYN/A
EPS(NY)-0.15
Fwd EYN/A
FCF(TTM)-0.35
FCFYN/A
OCF(TTM)-0.29
OCFYN/A
SpS3.88
BVpS2.36
TBVpS2.36
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -28.65%
ROE -58.5%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 88.08%
FCFM N/A
ROA(3y)-29.36%
ROA(5y)-29.56%
ROE(3y)-55.18%
ROE(5y)-105.11%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0%
GM growth 5Y-0.55%
F-Score5
Asset Turnover0.8
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 132.46%
Cap/Sales 1.44%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.79
Quick Ratio 1.79
Altman-Z 1.73
F-Score5
WACC9.79%
ROIC/WACCN/A
Cap/Depr(3y)168.33%
Cap/Depr(5y)134.88%
Cap/Sales(3y)2.57%
Cap/Sales(5y)2.22%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)63.79%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%100%
EPS Next Y30.41%
EPS Next 2Y50.65%
EPS Next 3Y36.34%
EPS Next 5YN/A
Revenue 1Y (TTM)16.34%
Revenue growth 3Y19.26%
Revenue growth 5Y20.48%
Sales Q2Q%9.65%
Revenue Next Year10.75%
Revenue Next 2Y12.17%
Revenue Next 3Y14.29%
Revenue Next 5Y11.74%
EBIT growth 1Y0.85%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year57.4%
EBIT Next 3Y38.35%
EBIT Next 5YN/A
FCF growth 1Y40.36%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y41.14%
OCF growth 3YN/A
OCF growth 5YN/A