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ELASTIC NV (ESTC) Stock Fundamental Analysis

USA - New York Stock Exchange - NYSE:ESTC - NL0013056914 - Common Stock

70.53 USD
+0.59 (+0.84%)
Last: 11/28/2025, 5:04:00 PM
70.57 USD
+0.04 (+0.06%)
After Hours: 11/28/2025, 5:04:00 PM
Fundamental Rating

5

Overall ESTC gets a fundamental rating of 5 out of 10. We evaluated ESTC against 280 industry peers in the Software industry. The financial health of ESTC is average, but there are quite some concerns on its profitability. ESTC is not overvalued while it is showing excellent growth. This is an interesting combination.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

ESTC had positive earnings in the past year.
In the past year ESTC had a positive cash flow from operations.
ESTC had negative earnings in 4 of the past 5 years.
In the past 5 years ESTC always reported a positive cash flow from operatings.
ESTC Yearly Net Income VS EBIT VS OCF VS FCFESTC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M -200M

1.2 Ratios

Looking at the Return On Assets, with a value of -4.41%, ESTC is in line with its industry, outperforming 43.93% of the companies in the same industry.
ESTC has a Return On Equity of -12.27%. This is comparable to the rest of the industry: ESTC outperforms 46.07% of its industry peers.
Industry RankSector Rank
ROA -4.41%
ROE -12.27%
ROIC N/A
ROA(3y)-4.99%
ROA(5y)-8.13%
ROE(3y)-20.84%
ROE(5y)-28.06%
ROIC(3y)N/A
ROIC(5y)N/A
ESTC Yearly ROA, ROE, ROICESTC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -20 -40 -60 -80 -100

1.3 Margins

ESTC has a Gross Margin of 75.54%. This is in the better half of the industry: ESTC outperforms 67.86% of its industry peers.
ESTC's Gross Margin has been stable in the last couple of years.
ESTC does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 75.54%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.6%
GM growth 5Y0.85%
ESTC Yearly Profit, Operating, Gross MarginsESTC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40 60

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6

2. Health

2.1 Basic Checks

ESTC does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for ESTC has been increased compared to 1 year ago.
ESTC has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ESTC has an improved debt to assets ratio.
ESTC Yearly Shares OutstandingESTC Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
ESTC Yearly Total Debt VS Total AssetsESTC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

2.2 Solvency

ESTC has an Altman-Z score of 3.18. This indicates that ESTC is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 3.18, ESTC is doing good in the industry, outperforming 62.14% of the companies in the same industry.
ESTC has a debt to FCF ratio of 1.89. This is a very positive value and a sign of high solvency as it would only need 1.89 years to pay back of all of its debts.
ESTC's Debt to FCF ratio of 1.89 is fine compared to the rest of the industry. ESTC outperforms 69.64% of its industry peers.
ESTC has a Debt/Equity ratio of 0.64. This is a neutral value indicating ESTC is somewhat dependend on debt financing.
ESTC has a Debt to Equity ratio of 0.64. This is in the lower half of the industry: ESTC underperforms 68.57% of its industry peers.
Even though the debt/equity ratio score it not favorable for ESTC, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.64
Debt/FCF 1.89
Altman-Z 3.18
ROIC/WACCN/A
WACC7.62%
ESTC Yearly LT Debt VS Equity VS FCFESTC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M

2.3 Liquidity

A Current Ratio of 1.97 indicates that ESTC should not have too much problems paying its short term obligations.
ESTC has a Current ratio (1.97) which is in line with its industry peers.
ESTC has a Quick Ratio of 1.97. This is a normal value and indicates that ESTC is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of ESTC (1.97) is better than 60.36% of its industry peers.
Industry RankSector Rank
Current Ratio 1.97
Quick Ratio 1.97
ESTC Yearly Current Assets VS Current LiabilitesESTC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

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7

3. Growth

3.1 Past

ESTC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 54.97%, which is quite impressive.
The Revenue has grown by 16.98% in the past year. This is quite good.
Measured over the past years, ESTC shows a very strong growth in Revenue. The Revenue has been growing by 28.24% on average per year.
EPS 1Y (TTM)54.97%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%8.47%
Revenue 1Y (TTM)16.98%
Revenue growth 3Y19.81%
Revenue growth 5Y28.24%
Sales Q2Q%15.91%

3.2 Future

Based on estimates for the next years, ESTC will show a very strong growth in Earnings Per Share. The EPS will grow by 32.54% on average per year.
ESTC is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.79% yearly.
EPS Next Y17.83%
EPS Next 2Y16.57%
EPS Next 3Y18.33%
EPS Next 5Y32.54%
Revenue Next Year15.28%
Revenue Next 2Y14.56%
Revenue Next 3Y14.65%
Revenue Next 5Y15.79%

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
ESTC Yearly Revenue VS EstimatesESTC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 1B 2B 3B 4B
ESTC Yearly EPS VS EstimatesESTC Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 2 4 6 8 10

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4

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 30.14 indicates a quite expensive valuation of ESTC.
Compared to the rest of the industry, the Price/Earnings ratio of ESTC indicates a somewhat cheap valuation: ESTC is cheaper than 63.57% of the companies listed in the same industry.
ESTC is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.31, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 25.44, which means the current valuation is very expensive for ESTC.
Based on the Price/Forward Earnings ratio, ESTC is valued a bit cheaper than 64.29% of the companies in the same industry.
ESTC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 36.59.
Industry RankSector Rank
PE 30.14
Fwd PE 25.44
ESTC Price Earnings VS Forward Price EarningsESTC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

74.29% of the companies in the same industry are more expensive than ESTC, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 24.68
EV/EBITDA N/A
ESTC Per share dataESTC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
ESTC's earnings are expected to grow with 18.33% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.69
PEG (5Y)N/A
EPS Next 2Y16.57%
EPS Next 3Y18.33%

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0

5. Dividend

5.1 Amount

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

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ELASTIC NV

NYSE:ESTC (11/28/2025, 5:04:00 PM)

After market: 70.57 +0.04 (+0.06%)

70.53

+0.59 (+0.84%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-20 2025-11-20/amc
Earnings (Next)02-27 2026-02-27/amc
Inst Owners86.4%
Inst Owner Change2.5%
Ins Owners12.31%
Ins Owner Change0.3%
Market Cap7.46B
Revenue(TTM)1.61B
Net Income(TTM)-109.32M
Analysts81.14
Price Target120.86 (71.36%)
Short Float %4.43%
Short Ratio2.56
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)24.71%
Min EPS beat(2)8.92%
Max EPS beat(2)40.5%
EPS beat(4)4
Avg EPS beat(4)26.1%
Min EPS beat(4)8.92%
Max EPS beat(4)40.5%
EPS beat(8)8
Avg EPS beat(8)26.26%
EPS beat(12)12
Avg EPS beat(12)62.72%
EPS beat(16)16
Avg EPS beat(16)58.72%
Revenue beat(2)1
Avg Revenue beat(2)0.9%
Min Revenue beat(2)-0.71%
Max Revenue beat(2)2.5%
Revenue beat(4)3
Avg Revenue beat(4)0.88%
Min Revenue beat(4)-0.71%
Max Revenue beat(4)2.5%
Revenue beat(8)4
Avg Revenue beat(8)0.25%
Revenue beat(12)6
Avg Revenue beat(12)0.08%
Revenue beat(16)8
Avg Revenue beat(16)0.41%
PT rev (1m)-1.81%
PT rev (3m)9.58%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.87%
EPS NY rev (1m)0%
EPS NY rev (3m)3.18%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.91%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.06%
Valuation
Industry RankSector Rank
PE 30.14
Fwd PE 25.44
P/S 4.64
P/FCF 24.68
P/OCF 24.34
P/B 8.38
P/tB 14.54
EV/EBITDA N/A
EPS(TTM)2.34
EY3.32%
EPS(NY)2.77
Fwd EY3.93%
FCF(TTM)2.86
FCFY4.05%
OCF(TTM)2.9
OCFY4.11%
SpS15.21
BVpS8.42
TBVpS4.85
PEG (NY)1.69
PEG (5Y)N/A
Graham Number21.06
Profitability
Industry RankSector Rank
ROA -4.41%
ROE -12.27%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 75.54%
FCFM 18.8%
ROA(3y)-4.99%
ROA(5y)-8.13%
ROE(3y)-20.84%
ROE(5y)-28.06%
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
ROICexgc growth 3YN/A
ROICexgc 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 3Y0.6%
GM growth 5Y0.85%
F-Score6
Asset Turnover0.65
Health
Industry RankSector Rank
Debt/Equity 0.64
Debt/FCF 1.89
Debt/EBITDA N/A
Cap/Depr 42.37%
Cap/Sales 0.26%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.97
Quick Ratio 1.97
Altman-Z 3.18
F-Score6
WACC7.62%
ROIC/WACCN/A
Cap/Depr(3y)22.57%
Cap/Depr(5y)25.6%
Cap/Sales(3y)0.27%
Cap/Sales(5y)0.46%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)54.97%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%8.47%
EPS Next Y17.83%
EPS Next 2Y16.57%
EPS Next 3Y18.33%
EPS Next 5Y32.54%
Revenue 1Y (TTM)16.98%
Revenue growth 3Y19.81%
Revenue growth 5Y28.24%
Sales Q2Q%15.91%
Revenue Next Year15.28%
Revenue Next 2Y14.56%
Revenue Next 3Y14.65%
Revenue Next 5Y15.79%
EBIT growth 1Y68.65%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year28.97%
EBIT Next 3Y24.68%
EBIT Next 5Y15.87%
FCF growth 1Y353.09%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y337.12%
OCF growth 3Y260.74%
OCF growth 5YN/A

ELASTIC NV / ESTC FAQ

Can you provide the ChartMill fundamental rating for ELASTIC NV?

ChartMill assigns a fundamental rating of 5 / 10 to ESTC.


What is the valuation status for ESTC stock?

ChartMill assigns a valuation rating of 4 / 10 to ELASTIC NV (ESTC). This can be considered as Fairly Valued.


How profitable is ELASTIC NV (ESTC) stock?

ELASTIC NV (ESTC) has a profitability rating of 3 / 10.


What is the expected EPS growth for ELASTIC NV (ESTC) stock?

The Earnings per Share (EPS) of ELASTIC NV (ESTC) is expected to grow by 17.83% in the next year.