ELASTIC NV (ESTC) Fundamental Analysis & Valuation

NYSE:ESTC • NL0013056914

53.73 USD
+0.71 (+1.34%)
At close: Mar 6, 2026
53.86 USD
+0.13 (+0.24%)
After Hours: 3/6/2026, 8:14:29 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This ESTC fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Overall ESTC gets a fundamental rating of 4 out of 10. We evaluated ESTC against 276 industry peers in the Software industry. ESTC scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. ESTC is not priced too expensively while it is growing strongly. Keep and eye on this one!


Dividend Valuation Growth Profitability Health

3

1. ESTC Profitability Analysis

1.1 Basic Checks

  • In the past year ESTC was profitable.
  • In the past year ESTC had a positive cash flow from operations.
  • 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.
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

  • ESTC has a Return On Assets (-3.47%) which is comparable to the rest of the industry.
  • ESTC has a Return On Equity (-10.68%) which is in line with its industry peers.
Industry RankSector Rank
ROA -3.47%
ROE -10.68%
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 75.97%. This is in the better half of the industry: ESTC outperforms 69.57% of its industry peers.
  • In the last couple of years the Gross Margin of ESTC has remained more or less at the same level.
  • 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 75.97%
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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5

2. ESTC Health Analysis

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.
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

  • An Altman-Z score of 2.37 indicates that ESTC is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • ESTC has a Altman-Z score of 2.37. This is comparable to the rest of the industry: ESTC outperforms 59.06% of its industry peers.
  • ESTC has a debt to FCF ratio of 2.22. This is a good value and a sign of high solvency as ESTC would need 2.22 years to pay back of all of its debts.
  • The Debt to FCF ratio of ESTC (2.22) is better than 66.67% of its industry peers.
  • A Debt/Equity ratio of 0.72 indicates that ESTC is somewhat dependend on debt financing.
  • ESTC has a Debt to Equity ratio of 0.72. This is in the lower half of the industry: ESTC underperforms 70.29% of its industry peers.
  • Although ESTC's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF 2.22
Altman-Z 2.37
ROIC/WACCN/A
WACC7.66%
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 1.82 indicates that ESTC should not have too much problems paying its short term obligations.
  • ESTC has a Current ratio (1.82) which is comparable to the rest of the industry.
  • ESTC has a Quick Ratio of 1.82. This is a normal value and indicates that ESTC is financially healthy and should not expect problems in meeting its short term obligations.
  • ESTC's Quick ratio of 1.82 is in line compared to the rest of the industry. ESTC outperforms 54.35% of its industry peers.
Industry RankSector Rank
Current Ratio 1.82
Quick Ratio 1.82
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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. ESTC Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 37.08% over the past year.
  • Looking at the last year, ESTC shows a quite strong growth in Revenue. The Revenue has grown by 17.29% in the last year.
  • ESTC shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 28.24% yearly.
EPS 1Y (TTM)37.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%15.87%
Revenue 1Y (TTM)17.29%
Revenue growth 3Y19.81%
Revenue growth 5Y28.24%
Sales Q2Q%17.74%

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 33.31% on average per year.
  • Based on estimates for the next years, ESTC will show a quite strong growth in Revenue. The Revenue will grow by 12.99% on average per year.
EPS Next Y25.68%
EPS Next 2Y20.33%
EPS Next 3Y19.26%
EPS Next 5Y33.31%
Revenue Next Year17.48%
Revenue Next 2Y15.45%
Revenue Next 3Y14.83%
Revenue Next 5Y12.99%

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 2033 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 2033 0 2 4 6 8 10

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Find the best growth stocksShow best growing peers

4

4. ESTC Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 22.02, which indicates a rather expensive current valuation of ESTC.
  • Based on the Price/Earnings ratio, ESTC is valued a bit cheaper than the industry average as 68.84% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 26.29, ESTC is valued at the same level.
  • Based on the Price/Forward Earnings ratio of 18.19, the valuation of ESTC can be described as rather expensive.
  • ESTC's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ESTC is cheaper than 71.01% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of ESTC to the average of the S&P500 Index (24.57), we can say ESTC is valued slightly cheaper.
Industry RankSector Rank
PE 22.02
Fwd PE 18.19
ESTC Price Earnings VS Forward Price EarningsESTC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ESTC indicates a somewhat cheap valuation: ESTC is cheaper than 72.83% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 21.65
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 low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as ESTC's earnings are expected to grow with 19.26% in the coming years.
PEG (NY)0.86
PEG (5Y)N/A
EPS Next 2Y20.33%
EPS Next 3Y19.26%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. ESTC Dividend Analysis

5.1 Amount

  • ESTC does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

ESTC Fundamentals: All Metrics, Ratios and Statistics

ELASTIC NV

NYSE:ESTC (3/6/2026, 8:14:29 PM)

After market: 53.86 +0.13 (+0.24%)

53.73

+0.71 (+1.34%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-26
Earnings (Next)N/A
Inst Owners89.21%
Inst Owner Change1.1%
Ins Owners12.19%
Ins Owner Change-1.19%
Market Cap5.56B
Revenue(TTM)1.68B
Net Income(TTM)-84.52M
Analysts80.59
Price Target97.53 (81.52%)
Short Float %4.9%
Short Ratio2.36
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)9.81%
Min EPS beat(2)8.92%
Max EPS beat(2)10.71%
EPS beat(4)4
Avg EPS beat(4)20.89%
Min EPS beat(4)8.92%
Max EPS beat(4)40.5%
EPS beat(8)8
Avg EPS beat(8)26.1%
EPS beat(12)12
Avg EPS beat(12)43.11%
EPS beat(16)16
Avg EPS beat(16)56.68%
Revenue beat(2)1
Avg Revenue beat(2)-0.06%
Min Revenue beat(2)-0.71%
Max Revenue beat(2)0.59%
Revenue beat(4)3
Avg Revenue beat(4)0.62%
Min Revenue beat(4)-0.71%
Max Revenue beat(4)2.5%
Revenue beat(8)5
Avg Revenue beat(8)0.38%
Revenue beat(12)7
Avg Revenue beat(12)0.24%
Revenue beat(16)8
Avg Revenue beat(16)0.14%
PT rev (1m)-6.61%
PT rev (3m)-19.31%
EPS NQ rev (1m)0.1%
EPS NQ rev (3m)2.38%
EPS NY rev (1m)0.02%
EPS NY rev (3m)3.95%
Revenue NQ rev (1m)0.04%
Revenue NQ rev (3m)0.33%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.1%
Valuation
Industry RankSector Rank
PE 22.02
Fwd PE 18.19
P/S 3.32
P/FCF 21.65
P/OCF 21.29
P/B 7.03
P/tB 13.34
EV/EBITDA N/A
EPS(TTM)2.44
EY4.54%
EPS(NY)2.95
Fwd EY5.5%
FCF(TTM)2.48
FCFY4.62%
OCF(TTM)2.52
OCFY4.7%
SpS16.2
BVpS7.64
TBVpS4.03
PEG (NY)0.86
PEG (5Y)N/A
Graham Number20.48
Profitability
Industry RankSector Rank
ROA -3.47%
ROE -10.68%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 75.97%
FCFM 15.32%
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-Score7
Asset Turnover0.69
Health
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF 2.22
Debt/EBITDA N/A
Cap/Depr 39.55%
Cap/Sales 0.26%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.82
Quick Ratio 1.82
Altman-Z 2.37
F-Score7
WACC7.66%
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)37.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%15.87%
EPS Next Y25.68%
EPS Next 2Y20.33%
EPS Next 3Y19.26%
EPS Next 5Y33.31%
Revenue 1Y (TTM)17.29%
Revenue growth 3Y19.81%
Revenue growth 5Y28.24%
Sales Q2Q%17.74%
Revenue Next Year17.48%
Revenue Next 2Y15.45%
Revenue Next 3Y14.83%
Revenue Next 5Y12.99%
EBIT growth 1Y67.51%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year34.73%
EBIT Next 3Y25.07%
EBIT Next 5Y15.87%
FCF growth 1Y131.19%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y126.38%
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 4 / 10 to ESTC.


Can you provide the valuation status for ELASTIC NV?

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.


How financially healthy is ELASTIC NV?

The financial health rating of ELASTIC NV (ESTC) is 5 / 10.


What is the earnings growth outlook for ELASTIC NV?

The Earnings per Share (EPS) of ELASTIC NV (ESTC) is expected to grow by 25.68% in the next year.