COMMVAULT SYSTEMS INC (CVLT) Stock Fundamental Analysis
NASDAQ:CVLT - Nasdaq - US2041661024 - Common Stock - Currency: USD
CVLT gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 283 industry peers in the Software industry. Both the health and profitability get an excellent rating, making CVLT a very profitable company, without any liquidiy or solvency issues. CVLT shows excellent growth, but is valued quite expensive already. This makes CVLT very considerable for growth and quality investing!
1. Profitability
1.1 Basic Checks
In the past year CVLT was profitable.
In the past year CVLT had a positive cash flow from operations.
In multiple years CVLT reported negative net income over the last 5 years.
CVLT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CVLT has a Return On Assets of 6.81%. This is in the better half of the industry: CVLT outperforms 78.09% of its industry peers.
CVLT's Return On Equity of 23.41% is amongst the best of the industry. CVLT outperforms 88.34% of its industry peers.
Looking at the Return On Invested Capital, with a value of 12.35%, CVLT belongs to the top of the industry, outperforming 89.05% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CVLT is in line with the industry average of 12.70%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.81% | ||
| ROE | 23.41% | ||
| ROIC | 12.35% |
ROA(3y)6.71%
ROA(5y)4.16%
ROE(3y)21.64%
ROE(5y)14.04%
ROIC(3y)12.45%
ROIC(5y)10.45%
1.3 Margins
CVLT has a better Profit Margin (7.64%) than 74.56% of its industry peers.
CVLT's Profit Margin has improved in the last couple of years.
CVLT has a Operating Margin of 8.84%. This is in the better half of the industry: CVLT outperforms 75.27% of its industry peers.
CVLT's Operating Margin has improved in the last couple of years.
CVLT has a better Gross Margin (82.02%) than 87.63% of its industry peers.
CVLT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.84% | ||
| PM (TTM) | 7.64% | ||
| GM | 82.02% |
OM growth 3Y12.49%
OM growth 5Y69.82%
PM growth 3Y20.53%
PM growth 5YN/A
GM growth 3Y-1.26%
GM growth 5Y-0.13%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CVLT is creating some value.
CVLT has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, CVLT has less shares outstanding
There is no outstanding debt for CVLT. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
An Altman-Z score of 5.64 indicates that CVLT is not in any danger for bankruptcy at the moment.
CVLT has a Altman-Z score of 5.64. This is in the better half of the industry: CVLT outperforms 72.79% of its industry peers.
CVLT has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 5.64 |
ROIC/WACC1.12
WACC11.05%
2.3 Liquidity
CVLT has a Current Ratio of 1.14. This is a normal value and indicates that CVLT is financially healthy and should not expect problems in meeting its short term obligations.
CVLT's Current ratio of 1.14 is on the low side compared to the rest of the industry. CVLT is outperformed by 66.43% of its industry peers.
A Quick Ratio of 1.14 indicates that CVLT should not have too much problems paying its short term obligations.
CVLT has a worse Quick ratio (1.14) than 66.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.14 | ||
| Quick Ratio | 1.14 |
3. Growth
3.1 Past
CVLT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.07%, which is quite impressive.
CVLT shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 20.11% yearly.
Looking at the last year, CVLT shows a quite strong growth in Revenue. The Revenue has grown by 18.62% in the last year.
CVLT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.21% yearly.
EPS 1Y (TTM)22.07%
EPS 3Y13.14%
EPS 5Y20.11%
EPS Q2Q%30.38%
Revenue 1Y (TTM)18.62%
Revenue growth 3Y8.96%
Revenue growth 5Y8.21%
Sales Q2Q%23.17%
3.2 Future
The Earnings Per Share is expected to grow by 16.30% on average over the next years. This is quite good.
The Revenue is expected to grow by 9.98% on average over the next years. This is quite good.
EPS Next Y17.95%
EPS Next 2Y16.3%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year15.17%
Revenue Next 2Y13.46%
Revenue Next 3Y9.68%
Revenue Next 5Y9.98%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 47.79 indicates a quite expensive valuation of CVLT.
CVLT's Price/Earnings is on the same level as the industry average.
CVLT's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 25.82.
Based on the Price/Forward Earnings ratio of 40.52, the valuation of CVLT can be described as expensive.
CVLT's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, CVLT is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.79 | ||
| Fwd PE | 40.52 |
4.2 Price Multiples
61.84% of the companies in the same industry are more expensive than CVLT, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, CVLT is valued a bit cheaper than the industry average as 67.49% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 37.8 | ||
| EV/EBITDA | 76.07 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
CVLT has a very decent profitability rating, which may justify a higher PE ratio.
CVLT's earnings are expected to grow with 16.30% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.66
PEG (5Y)2.38
EPS Next 2Y16.3%
EPS Next 3YN/A
5. Dividend
5.1 Amount
CVLT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
174.43
-0.97 (-0.55%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners98.68%
Inst Owner Change6.54%
Ins Owners0.73%
Ins Owner Change-1.16%
Market Cap7.70B
Analysts78.89
Price Target186.68 (7.02%)
Short Float %4.87%
Short Ratio4.45
Dividend
| Industry Rank | Sector 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)7.19%
Min EPS beat(2)5.64%
Max EPS beat(2)8.73%
EPS beat(4)4
Avg EPS beat(4)8.83%
Min EPS beat(4)5.64%
Max EPS beat(4)13.51%
EPS beat(8)8
Avg EPS beat(8)7.83%
EPS beat(12)10
Avg EPS beat(12)6.89%
EPS beat(16)13
Avg EPS beat(16)6.24%
Revenue beat(2)2
Avg Revenue beat(2)3.79%
Min Revenue beat(2)2.75%
Max Revenue beat(2)4.83%
Revenue beat(4)4
Avg Revenue beat(4)3.34%
Min Revenue beat(4)2.19%
Max Revenue beat(4)4.83%
Revenue beat(8)7
Avg Revenue beat(8)2.25%
Revenue beat(12)8
Avg Revenue beat(12)1.25%
Revenue beat(16)9
Avg Revenue beat(16)0.62%
PT rev (1m)2.79%
PT rev (3m)3.9%
EPS NQ rev (1m)0.11%
EPS NQ rev (3m)-0.41%
EPS NY rev (1m)5.06%
EPS NY rev (3m)4.73%
Revenue NQ rev (1m)1.64%
Revenue NQ rev (3m)1.64%
Revenue NY rev (1m)2.58%
Revenue NY rev (3m)2.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.79 | ||
| Fwd PE | 40.52 | ||
| P/S | 7.73 | ||
| P/FCF | 37.8 | ||
| P/OCF | 37.12 | ||
| P/B | 23.68 | ||
| P/tB | 64.62 | ||
| EV/EBITDA | 76.07 |
EPS(TTM)3.65
EY2.09%
EPS(NY)4.31
Fwd EY2.47%
FCF(TTM)4.61
FCFY2.65%
OCF(TTM)4.7
OCFY2.69%
SpS22.56
BVpS7.37
TBVpS2.7
PEG (NY)2.66
PEG (5Y)2.38
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.81% | ||
| ROE | 23.41% | ||
| ROCE | 15.63% | ||
| ROIC | 12.35% | ||
| ROICexc | 26.63% | ||
| ROICexgc | 126.17% | ||
| OM | 8.84% | ||
| PM (TTM) | 7.64% | ||
| GM | 82.02% | ||
| FCFM | 20.45% |
ROA(3y)6.71%
ROA(5y)4.16%
ROE(3y)21.64%
ROE(5y)14.04%
ROIC(3y)12.45%
ROIC(5y)10.45%
ROICexc(3y)39.74%
ROICexc(5y)33.46%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)15.76%
ROCE(5y)13.23%
ROICexcg growth 3Y-8.14%
ROICexcg growth 5Y58.13%
ROICexc growth 3Y2.91%
ROICexc growth 5Y71.5%
OM growth 3Y12.49%
OM growth 5Y69.82%
PM growth 3Y20.53%
PM growth 5YN/A
GM growth 3Y-1.26%
GM growth 5Y-0.13%
F-Score7
Asset Turnover0.89
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 40.88% | ||
| Cap/Sales | 0.38% | ||
| Interest Coverage | 347.95 | ||
| Cash Conversion | 213.31% | ||
| Profit Quality | 267.56% | ||
| Current Ratio | 1.14 | ||
| Quick Ratio | 1.14 | ||
| Altman-Z | 5.64 |
F-Score7
WACC11.05%
ROIC/WACC1.12
Cap/Depr(3y)44.84%
Cap/Depr(5y)44.31%
Cap/Sales(3y)0.42%
Cap/Sales(5y)0.58%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)22.07%
EPS 3Y13.14%
EPS 5Y20.11%
EPS Q2Q%30.38%
EPS Next Y17.95%
EPS Next 2Y16.3%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)18.62%
Revenue growth 3Y8.96%
Revenue growth 5Y8.21%
Sales Q2Q%23.17%
Revenue Next Year15.17%
Revenue Next 2Y13.46%
Revenue Next 3Y9.68%
Revenue Next 5Y9.98%
EBIT growth 1Y10.19%
EBIT growth 3Y22.58%
EBIT growth 5Y83.77%
EBIT Next Year19.17%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y1.96%
FCF growth 3Y5.52%
FCF growth 5Y19.01%
OCF growth 1Y1.76%
OCF growth 3Y5.38%
OCF growth 5Y18.57%