BOX INC - CLASS A (BOX) Stock Fundamental Analysis
NYSE:BOX - New York Stock Exchange, Inc. - US10316T1043 - Common Stock - Currency: USD
Overall BOX gets a fundamental rating of 5 out of 10. We evaluated BOX against 281 industry peers in the Software industry. Both the profitability and the financial health of BOX get a neutral evaluation. Nothing too spectacular is happening here. BOX has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
BOX had positive earnings in the past year.
In the past year BOX had a positive cash flow from operations.
In multiple years BOX reported negative net income over the last 5 years.
In the past 5 years BOX always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of BOX (11.79%) is better than 89.32% of its industry peers.
The Return On Equity of BOX (90.21%) is better than 98.58% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.02%, BOX is in the better half of the industry, outperforming 78.65% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for BOX is below the industry average of 12.11%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.79% | ||
| ROE | 90.21% | ||
| ROIC | 7.02% |
ROA(3y)6.93%
ROA(5y)2.74%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)7.16%
ROIC(5y)N/A
1.3 Margins
BOX has a better Profit Margin (17.57%) than 84.70% of its industry peers.
BOX's Operating Margin of 6.17% is fine compared to the rest of the industry. BOX outperforms 72.24% of its industry peers.
BOX's Gross Margin of 79.08% is fine compared to the rest of the industry. BOX outperforms 78.29% of its industry peers.
BOX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.17% | ||
| PM (TTM) | 17.57% | ||
| GM | 79.08% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.43%
GM growth 5Y2.75%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BOX is destroying value.
BOX has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, BOX has less shares outstanding
The debt/assets ratio for BOX is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.08 indicates that BOX is not a great score, but indicates only limited risk for bankruptcy at the moment.
BOX has a Altman-Z score (2.08) which is in line with its industry peers.
The Debt to FCF ratio of BOX is 2.21, which is a good value as it means it would take BOX, 2.21 years of fcf income to pay off all of its debts.
BOX's Debt to FCF ratio of 2.21 is fine compared to the rest of the industry. BOX outperforms 66.55% of its industry peers.
A Debt/Equity ratio of 2.09 is on the high side and indicates that BOX has dependencies on debt financing.
BOX has a worse Debt to Equity ratio (2.09) than 80.43% of its industry peers.
Even though the debt/equity ratio score it not favorable for BOX, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.09 | ||
| Debt/FCF | 2.21 | ||
| Altman-Z | 2.08 |
ROIC/WACC0.69
WACC10.17%
2.3 Liquidity
BOX has a Current Ratio of 1.20. This is a normal value and indicates that BOX is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.20, BOX is not doing good in the industry: 63.35% of the companies in the same industry are doing better.
BOX has a Quick Ratio of 1.20. This is a normal value and indicates that BOX is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.20, BOX is not doing good in the industry: 63.35% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.2 | ||
| Quick Ratio | 1.2 |
3. Growth
3.1 Past
BOX shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.23%.
BOX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 124.22% yearly.
The Revenue has been growing slightly by 4.88% in the past year.
Measured over the past years, BOX shows a quite strong growth in Revenue. The Revenue has been growing by 9.38% on average per year.
EPS 1Y (TTM)5.23%
EPS 3Y25.99%
EPS 5Y124.22%
EPS Q2Q%-23.08%
Revenue 1Y (TTM)4.88%
Revenue growth 3Y7.63%
Revenue growth 5Y9.38%
Sales Q2Q%4.39%
3.2 Future
Based on estimates for the next years, BOX will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.29% on average per year.
The Revenue is expected to grow by 9.19% on average over the next years. This is quite good.
EPS Next Y-20.61%
EPS Next 2Y-5.41%
EPS Next 3Y8.33%
EPS Next 5Y16.29%
Revenue Next Year7.45%
Revenue Next 2Y7.53%
Revenue Next 3Y8.29%
Revenue Next 5Y9.19%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 19.62, BOX is valued on the expensive side.
Based on the Price/Earnings ratio, BOX is valued a bit cheaper than the industry average as 79.00% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of BOX to the average of the S&P500 Index (26.82), we can say BOX is valued slightly cheaper.
With a Price/Forward Earnings ratio of 20.77, BOX is valued on the expensive side.
Based on the Price/Forward Earnings ratio, BOX is valued a bit cheaper than the industry average as 73.31% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of BOX to the average of the S&P500 Index (36.21), we can say BOX is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.62 | ||
| Fwd PE | 20.77 |
4.2 Price Multiples
BOX's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BOX is cheaper than 65.84% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BOX indicates a rather cheap valuation: BOX is cheaper than 88.61% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.46 | ||
| EV/EBITDA | 47.8 |
4.3 Compensation for Growth
The decent profitability rating of BOX may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.16
EPS Next 2Y-5.41%
EPS Next 3Y8.33%
5. Dividend
5.1 Amount
BOX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
31.59
-0.51 (-1.59%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners103.24%
Inst Owner Change0.1%
Ins Owners3.26%
Ins Owner Change0.01%
Market Cap4.57B
Analysts78.57
Price Target37.21 (17.79%)
Short Float %10.38%
Short Ratio5.79
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0.1
Dividend Growth(5Y)N/A
DP7.75%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7.33%
Min EPS beat(2)-0.06%
Max EPS beat(2)14.73%
EPS beat(4)3
Avg EPS beat(4)7.12%
Min EPS beat(4)-0.06%
Max EPS beat(4)14.73%
EPS beat(8)6
Avg EPS beat(8)5.12%
EPS beat(12)10
Avg EPS beat(12)5.64%
EPS beat(16)14
Avg EPS beat(16)5.57%
Revenue beat(2)0
Avg Revenue beat(2)-0.71%
Min Revenue beat(2)-0.96%
Max Revenue beat(2)-0.46%
Revenue beat(4)0
Avg Revenue beat(4)-0.73%
Min Revenue beat(4)-0.96%
Max Revenue beat(4)-0.46%
Revenue beat(8)0
Avg Revenue beat(8)-0.83%
Revenue beat(12)1
Avg Revenue beat(12)-0.78%
Revenue beat(16)4
Avg Revenue beat(16)-0.39%
PT rev (1m)-4.29%
PT rev (3m)-0.02%
EPS NQ rev (1m)-1.49%
EPS NQ rev (3m)10.53%
EPS NY rev (1m)0.59%
EPS NY rev (3m)7.82%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)1.99%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.62 | ||
| Fwd PE | 20.77 | ||
| P/S | 4.15 | ||
| P/FCF | 15.46 | ||
| P/OCF | 13.94 | ||
| P/B | 21.32 | ||
| P/tB | 34.12 | ||
| EV/EBITDA | 47.8 |
EPS(TTM)1.61
EY5.1%
EPS(NY)1.52
Fwd EY4.81%
FCF(TTM)2.04
FCFY6.47%
OCF(TTM)2.27
OCFY7.17%
SpS7.61
BVpS1.48
TBVpS0.93
PEG (NY)N/A
PEG (5Y)0.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.79% | ||
| ROE | 90.21% | ||
| ROCE | 8.89% | ||
| ROIC | 7.02% | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | 6.17% | ||
| PM (TTM) | 17.57% | ||
| GM | 79.08% | ||
| FCFM | 26.87% |
ROA(3y)6.93%
ROA(5y)2.74%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)7.16%
ROIC(5y)N/A
ROICexc(3y)141.33%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)9.07%
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 3Y3.43%
GM growth 5Y2.75%
F-Score7
Asset Turnover0.67
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.09 | ||
| Debt/FCF | 2.21 | ||
| Debt/EBITDA | 4.87 | ||
| Cap/Depr | 132.15% | ||
| Cap/Sales | 2.92% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 355.58% | ||
| Profit Quality | 152.91% | ||
| Current Ratio | 1.2 | ||
| Quick Ratio | 1.2 | ||
| Altman-Z | 2.08 |
F-Score7
WACC10.17%
ROIC/WACC0.69
Cap/Depr(3y)65.86%
Cap/Depr(5y)46.57%
Cap/Sales(3y)2.07%
Cap/Sales(5y)1.91%
Profit Quality(3y)1242%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.23%
EPS 3Y25.99%
EPS 5Y124.22%
EPS Q2Q%-23.08%
EPS Next Y-20.61%
EPS Next 2Y-5.41%
EPS Next 3Y8.33%
EPS Next 5Y16.29%
Revenue 1Y (TTM)4.88%
Revenue growth 3Y7.63%
Revenue growth 5Y9.38%
Sales Q2Q%4.39%
Revenue Next Year7.45%
Revenue Next 2Y7.53%
Revenue Next 3Y8.29%
Revenue Next 5Y9.19%
EBIT growth 1Y12.43%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year17.27%
EBIT Next 3Y15.3%
EBIT Next 5Y1.46%
FCF growth 1Y0.13%
FCF growth 3Y10.43%
FCF growth 5Y57.36%
OCF growth 1Y4.1%
OCF growth 3Y12.27%
OCF growth 5Y49.36%