ELASTIC NV (ESTC) Stock Fundamental Analysis
NYSE:ESTC - NL0013056914 - Common Stock
89.06 USD
-0.87 (-0.97%)
89 USD
-0.06 (-0.07%)
Overall ESTC gets a fundamental rating of 4 out of 10. We evaluated ESTC against 280 industry peers in the Software industry. While ESTC seems to be doing ok healthwise, there are quite some concerns on its profitability. ESTC is valued quite expensively, but it does show have an excellent growth rating.
1. Profitability
1.1 Basic Checks
In the past year ESTC was profitable.
ESTC had a positive operating cash flow in the past year.
In the past 5 years ESTC reported 4 times negative net income.
ESTC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ESTC has a Return On Assets (-4.16%) which is in line with its industry peers.
With a Return On Equity value of -11.64%, ESTC perfoms like the industry average, outperforming 47.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.16% | ||
| ROE | -11.64% | ||
| 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
1.3 Margins
ESTC's Gross Margin of 74.39% is fine compared to the rest of the industry. ESTC outperforms 65.00% of its industry peers.
ESTC's Gross Margin has been stable in the last couple of years.
The Profit Margin and Operating Margin are not available for ESTC so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 74.39% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.6%
GM growth 5Y0.85%
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.
The number of shares outstanding for ESTC has been increased compared to 5 years ago.
The debt/assets ratio for ESTC has been reduced compared to a year ago.
2.2 Solvency
ESTC has an Altman-Z score of 3.72. This indicates that ESTC is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.72, ESTC is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
The Debt to FCF ratio of ESTC is 2.18, which is a good value as it means it would take ESTC, 2.18 years of fcf income to pay off all of its debts.
ESTC has a better Debt to FCF ratio (2.18) than 67.14% of its industry peers.
A Debt/Equity ratio of 0.61 indicates that ESTC is somewhat dependend on debt financing.
ESTC's Debt to Equity ratio of 0.61 is on the low side compared to the rest of the industry. ESTC is outperformed by 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | 2.18 | ||
| Altman-Z | 3.72 |
ROIC/WACCN/A
WACC7.62%
2.3 Liquidity
ESTC has a Current Ratio of 1.92. This is a normal value and indicates that ESTC is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.92, ESTC perfoms like the industry average, outperforming 59.29% of the companies in the same industry.
ESTC has a Quick Ratio of 1.92. This is a normal value and indicates that ESTC is financially healthy and should not expect problems in meeting its short term obligations.
ESTC has a Quick ratio (1.92) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.92 | ||
| Quick Ratio | 1.92 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 77.52% over the past year.
ESTC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 17.04%.
ESTC shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 28.24% yearly.
EPS 1Y (TTM)77.52%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%71.43%
Revenue 1Y (TTM)17.04%
Revenue growth 3Y19.81%
Revenue growth 5Y28.24%
Sales Q2Q%19.53%
3.2 Future
ESTC is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 30.36% yearly.
ESTC is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 16.16% yearly.
EPS Next Y14.2%
EPS Next 2Y15.34%
EPS Next 3Y12.74%
EPS Next 5Y30.36%
Revenue Next Year12.96%
Revenue Next 2Y12.74%
Revenue Next 3Y13.68%
Revenue Next 5Y16.16%
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 38.89, ESTC can be considered very expensive at the moment.
61.07% of the companies in the same industry are more expensive than ESTC, based on the Price/Earnings ratio.
ESTC is valuated rather expensively when we compare the Price/Earnings ratio to 27.43, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 32.82 indicates a quite expensive valuation of ESTC.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ESTC indicates a somewhat cheap valuation: ESTC is cheaper than 60.71% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.87. ESTC is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.89 | ||
| Fwd PE | 32.82 |
4.2 Price Multiples
ESTC's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ESTC is cheaper than 68.93% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.9 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ESTC does not grow enough to justify the current Price/Earnings ratio.
A more expensive valuation may be justified as ESTC's earnings are expected to grow with 12.74% in the coming years.
PEG (NY)2.74
PEG (5Y)N/A
EPS Next 2Y15.34%
EPS Next 3Y12.74%
5. Dividend
5.1 Amount
ESTC does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
89.06
-0.87 (-0.97%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners84.84%
Inst Owner Change-9.44%
Ins Owners13.3%
Ins Owner Change1.54%
Market Cap9.40B
Analysts82.35
Price Target122.63 (37.69%)
Short Float %4.49%
Short Ratio2.41
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)27.49%
Min EPS beat(2)23.43%
Max EPS beat(2)31.56%
EPS beat(4)4
Avg EPS beat(4)35.94%
Min EPS beat(4)23.43%
Max EPS beat(4)52.52%
EPS beat(8)8
Avg EPS beat(8)41.46%
EPS beat(12)12
Avg EPS beat(12)68.28%
EPS beat(16)16
Avg EPS beat(16)67.05%
Revenue beat(2)2
Avg Revenue beat(2)0.86%
Min Revenue beat(2)0.12%
Max Revenue beat(2)1.61%
Revenue beat(4)3
Avg Revenue beat(4)0.25%
Min Revenue beat(4)-1.19%
Max Revenue beat(4)1.61%
Revenue beat(8)5
Avg Revenue beat(8)0.2%
Revenue beat(12)5
Avg Revenue beat(12)-0.17%
Revenue beat(16)9
Avg Revenue beat(16)1.12%
PT rev (1m)7.44%
PT rev (3m)6.06%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.1%
EPS NY rev (1m)0.05%
EPS NY rev (3m)9.17%
Revenue NQ rev (1m)0.01%
Revenue NQ rev (3m)0.04%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.89 | ||
| Fwd PE | 32.82 | ||
| P/S | 6.34 | ||
| P/FCF | 35.9 | ||
| P/OCF | 35.31 | ||
| P/B | 10.14 | ||
| P/tB | 15.76 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.29
EY2.57%
EPS(NY)2.71
Fwd EY3.05%
FCF(TTM)2.48
FCFY2.79%
OCF(TTM)2.52
OCFY2.83%
SpS14.06
BVpS8.79
TBVpS5.65
PEG (NY)2.74
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.16% | ||
| ROE | -11.64% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 74.39% | ||
| FCFM | 17.65% |
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
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 3Y0.6%
GM growth 5Y0.85%
F-Score6
Asset Turnover0.57
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | 2.18 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 35.28% | ||
| Cap/Sales | 0.29% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.92 | ||
| Quick Ratio | 1.92 | ||
| Altman-Z | 3.72 |
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)77.52%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%71.43%
EPS Next Y14.2%
EPS Next 2Y15.34%
EPS Next 3Y12.74%
EPS Next 5Y30.36%
Revenue 1Y (TTM)17.04%
Revenue growth 3Y19.81%
Revenue growth 5Y28.24%
Sales Q2Q%19.53%
Revenue Next Year12.96%
Revenue Next 2Y12.74%
Revenue Next 3Y13.68%
Revenue Next 5Y16.16%
EBIT growth 1Y55.88%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year27.86%
EBIT Next 3Y24.89%
EBIT Next 5Y15.87%
FCF growth 1Y80.18%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y78.92%
OCF growth 3Y260.74%
OCF growth 5YN/A