COMMVAULT SYSTEMS INC (CVLT) Stock Fundamental Analysis
NASDAQ:CVLT - Nasdaq - US2041661024 - Common Stock - Currency: USD
Overall CVLT gets a fundamental rating of 6 out of 10. We evaluated CVLT against 282 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 is valued quite expensively, but it does show have an excellent growth rating. These ratings could make CVLT a good candidate 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
The Return On Assets of CVLT (6.89%) is better than 78.37% of its industry peers.
CVLT has a Return On Equity of 22.23%. This is amongst the best in the industry. CVLT outperforms 88.30% of its industry peers.
The Return On Invested Capital of CVLT (11.03%) is better than 87.23% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CVLT is in line with the industry average of 12.03%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.89% | ||
| ROE | 22.23% | ||
| ROIC | 11.03% |
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 (7.70%) than 75.18% of its industry peers.
CVLT's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 8.49%, CVLT is in the better half of the industry, outperforming 75.18% of the companies in the same industry.
In the last couple of years the Operating Margin of CVLT has grown nicely.
With an excellent Gross Margin value of 81.95%, CVLT belongs to the best of the industry, outperforming 88.30% of the companies in the same industry.
In the last couple of years the Gross Margin of CVLT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.49% | ||
| PM (TTM) | 7.7% | ||
| GM | 81.95% |
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
CVLT has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, CVLT has more shares outstanding
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 6.05 indicates that CVLT is not in any danger for bankruptcy at the moment.
CVLT's Altman-Z score of 6.05 is fine compared to the rest of the industry. CVLT outperforms 73.40% of its industry peers.
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.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 6.05 |
ROIC/WACC1.07
WACC10.26%
2.3 Liquidity
A Current Ratio of 1.24 indicates that CVLT should not have too much problems paying its short term obligations.
With a Current ratio value of 1.24, CVLT is not doing good in the industry: 60.28% of the companies in the same industry are doing better.
A Quick Ratio of 1.24 indicates that CVLT should not have too much problems paying its short term obligations.
The Quick ratio of CVLT (1.24) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.24 | ||
| Quick Ratio | 1.24 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 22.12% over the past year.
CVLT shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 20.11% yearly.
The Revenue has grown by 21.62% in the past year. This is a very strong growth!
The Revenue has been growing by 8.21% on average over the past years. This is quite good.
EPS 1Y (TTM)22.12%
EPS 3Y13.14%
EPS 5Y20.11%
EPS Q2Q%18.82%
Revenue 1Y (TTM)21.62%
Revenue growth 3Y8.96%
Revenue growth 5Y8.21%
Sales Q2Q%25.51%
3.2 Future
CVLT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.30% yearly.
CVLT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.98% yearly.
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 3Y9.73%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 48.76, CVLT can be considered very expensive at the moment.
CVLT's Price/Earnings is on the same level as the industry average.
CVLT is valuated expensively when we compare the Price/Earnings ratio to 26.54, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 37.63, CVLT can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CVLT is on the same level as its industry peers.
CVLT's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 35.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 48.76 | ||
| Fwd PE | 37.63 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CVLT is on the same level as its industry peers.
CVLT's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CVLT is cheaper than 64.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 43.62 | ||
| EV/EBITDA | 79.53 |
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)2.72
PEG (5Y)2.42
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 |
185.77
+0.2 (+0.11%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners102.7%
Inst Owner Change-0.95%
Ins Owners0.8%
Ins Owner Change1.23%
Market Cap8.27B
Analysts81.11
Price Target210.42 (13.27%)
Short Float %4.04%
Short Ratio3.76
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)5.48%
Min EPS beat(2)2.23%
Max EPS beat(2)8.73%
EPS beat(4)4
Avg EPS beat(4)6.01%
Min EPS beat(4)2.23%
Max EPS beat(4)8.73%
EPS beat(8)8
Avg EPS beat(8)6.88%
EPS beat(12)11
Avg EPS beat(12)7.14%
EPS beat(16)13
Avg EPS beat(16)5.29%
Revenue beat(2)2
Avg Revenue beat(2)2.98%
Min Revenue beat(2)2.75%
Max Revenue beat(2)3.21%
Revenue beat(4)4
Avg Revenue beat(4)3.6%
Min Revenue beat(4)2.75%
Max Revenue beat(4)4.83%
Revenue beat(8)8
Avg Revenue beat(8)2.84%
Revenue beat(12)9
Avg Revenue beat(12)1.52%
Revenue beat(16)10
Avg Revenue beat(16)0.89%
PT rev (1m)1.37%
PT rev (3m)8.67%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.11%
EPS NY rev (1m)0%
EPS NY rev (3m)5.06%
Revenue NQ rev (1m)0.01%
Revenue NQ rev (3m)1.65%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 48.76 | ||
| Fwd PE | 37.63 | ||
| P/S | 7.85 | ||
| P/FCF | 43.62 | ||
| P/OCF | 42.55 | ||
| P/B | 22.68 | ||
| P/tB | 51.75 | ||
| EV/EBITDA | 79.53 |
EPS(TTM)3.81
EY2.05%
EPS(NY)4.94
Fwd EY2.66%
FCF(TTM)4.26
FCFY2.29%
OCF(TTM)4.37
OCFY2.35%
SpS23.65
BVpS8.19
TBVpS3.59
PEG (NY)2.72
PEG (5Y)2.42
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.89% | ||
| ROE | 22.23% | ||
| ROCE | 13.96% | ||
| ROIC | 11.03% | ||
| ROICexc | 25.47% | ||
| ROICexgc | 97.67% | ||
| OM | 8.49% | ||
| PM (TTM) | 7.7% | ||
| GM | 81.95% | ||
| FCFM | 18.01% |
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-Score6
Asset Turnover0.9
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 48.1% | ||
| Cap/Sales | 0.45% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 195.72% | ||
| Profit Quality | 233.86% | ||
| Current Ratio | 1.24 | ||
| Quick Ratio | 1.24 | ||
| Altman-Z | 6.05 |
F-Score6
WACC10.26%
ROIC/WACC1.07
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)22.12%
EPS 3Y13.14%
EPS 5Y20.11%
EPS Q2Q%18.82%
EPS Next Y17.95%
EPS Next 2Y16.3%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)21.62%
Revenue growth 3Y8.96%
Revenue growth 5Y8.21%
Sales Q2Q%25.51%
Revenue Next Year15.17%
Revenue Next 2Y13.46%
Revenue Next 3Y9.73%
Revenue Next 5Y9.98%
EBIT growth 1Y4.72%
EBIT growth 3Y22.58%
EBIT growth 5Y83.77%
EBIT Next Year20.35%
EBIT Next 3Y10.85%
EBIT Next 5YN/A
FCF growth 1Y3.32%
FCF growth 3Y5.52%
FCF growth 5Y19.01%
OCF growth 1Y4%
OCF growth 3Y5.38%
OCF growth 5Y18.57%