ELASTIC NV (ESTC) Stock Fundamental Analysis
USA - NYSE:ESTC - NL0013056914 - Common Stock
88.53 USD
-2.2 (-2.42%)
88.53 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to ESTC. ESTC was compared to 284 industry peers in the Software industry. No worries on liquidiy or solvency for ESTC as it has an excellent financial health rating, but there are worries on the profitability. ESTC shows excellent growth, but is valued quite expensive already.
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.
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
Looking at the Return On Assets, with a value of -3.31%, ESTC is in line with its industry, outperforming 49.30% of the companies in the same industry.
Looking at the Return On Equity, with a value of -8.60%, ESTC is in line with its industry, outperforming 50.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.31% | ||
| ROE | -8.6% | ||
| 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
Looking at the Gross Margin, with a value of 75.19%, ESTC is in the better half of the industry, outperforming 67.25% of the companies in the same industry.
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 | 75.19% |
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.
ESTC has more shares outstanding than it did 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.
2.2 Solvency
ESTC has an Altman-Z score of 4.14. This indicates that ESTC is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of ESTC (4.14) is better than 65.14% of its industry peers.
The Debt to FCF ratio of ESTC is 1.82, which is an excellent value as it means it would take ESTC, only 1.82 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.82, ESTC is in the better half of the industry, outperforming 69.37% of the companies in the same industry.
A Debt/Equity ratio of 0.59 indicates that ESTC is somewhat dependend on debt financing.
ESTC has a worse Debt to Equity ratio (0.59) than 67.25% of its industry peers.
Although ESTC does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | 1.82 | ||
| Altman-Z | 4.14 |
ROIC/WACCN/A
WACC7.63%
2.3 Liquidity
ESTC has a Current Ratio of 2.09. This indicates that ESTC is financially healthy and has no problem in meeting its short term obligations.
ESTC has a better Current ratio (2.09) than 62.32% of its industry peers.
A Quick Ratio of 2.09 indicates that ESTC has no problem at all paying its short term obligations.
With a decent Quick ratio value of 2.09, ESTC is doing good in the industry, outperforming 63.03% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.09 | ||
| Quick Ratio | 2.09 |
3. Growth
3.1 Past
ESTC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 77.52%, which is quite impressive.
ESTC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 17.42%.
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)17.42%
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.
Based on estimates for the next years, ESTC will show a quite strong growth in Revenue. The Revenue will grow by 16.16% on average per year.
EPS Next Y17.83%
EPS Next 2Y16.57%
EPS Next 3Y16.92%
EPS Next 5Y30.36%
Revenue Next Year15.28%
Revenue Next 2Y14.56%
Revenue Next 3Y14.34%
Revenue Next 5Y16.16%
3.3 Evolution
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 38.66, the valuation of ESTC can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of ESTC is on the same level as its industry peers.
ESTC is valuated rather expensively when we compare the Price/Earnings ratio to 26.03, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 31.93, the valuation of ESTC can be described as expensive.
ESTC's Price/Forward Earnings is on the same level as the industry average.
ESTC is valuated rather expensively when we compare the Price/Forward Earnings ratio to 22.27, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.66 | ||
| Fwd PE | 31.93 |
4.2 Price Multiples
71.83% of the companies in the same industry are more expensive than ESTC, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.99 | ||
| 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 16.92% in the coming years.
PEG (NY)2.17
PEG (5Y)N/A
EPS Next 2Y16.57%
EPS Next 3Y16.92%
5. Dividend
5.1 Amount
ESTC does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
88.53
-2.2 (-2.42%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners86.4%
Inst Owner Change-2.32%
Ins Owners12.31%
Ins Owner Change0.3%
Market Cap9.41B
Revenue(TTM)1.55B
Net Income(TTM)-83490000
Analysts81.71
Price Target121.27 (36.98%)
Short Float %4.54%
Short Ratio2.17
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)31.96%
Min EPS beat(2)23.43%
Max EPS beat(2)40.5%
EPS beat(4)4
Avg EPS beat(4)37%
Min EPS beat(4)23.43%
Max EPS beat(4)52.52%
EPS beat(8)8
Avg EPS beat(8)31.13%
EPS beat(12)12
Avg EPS beat(12)70.39%
EPS beat(16)16
Avg EPS beat(16)60.91%
Revenue beat(2)2
Avg Revenue beat(2)1.31%
Min Revenue beat(2)0.12%
Max Revenue beat(2)2.5%
Revenue beat(4)4
Avg Revenue beat(4)1.18%
Min Revenue beat(4)0.12%
Max Revenue beat(4)2.5%
Revenue beat(8)5
Avg Revenue beat(8)0.35%
Revenue beat(12)6
Avg Revenue beat(12)0.07%
Revenue beat(16)9
Avg Revenue beat(16)0.69%
PT rev (1m)-1.48%
PT rev (3m)6.26%
EPS NQ rev (1m)0.55%
EPS NQ rev (3m)-3.87%
EPS NY rev (1m)0.46%
EPS NY rev (3m)3.24%
Revenue NQ rev (1m)0.54%
Revenue NQ rev (3m)1.94%
Revenue NY rev (1m)0.64%
Revenue NY rev (3m)2.06%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.66 | ||
| Fwd PE | 31.93 | ||
| P/S | 6.07 | ||
| P/FCF | 29.99 | ||
| P/OCF | 29.58 | ||
| P/B | 9.69 | ||
| P/tB | 14.9 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.29
EY2.59%
EPS(NY)2.77
Fwd EY3.13%
FCF(TTM)2.95
FCFY3.33%
OCF(TTM)2.99
OCFY3.38%
SpS14.6
BVpS9.14
TBVpS5.94
PEG (NY)2.17
PEG (5Y)N/A
Graham Number21.7
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.31% | ||
| ROE | -8.6% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 75.19% | ||
| FCFM | 20.23% |
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 Turnover0.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | 1.82 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 40.64% | ||
| Cap/Sales | 0.27% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.09 | ||
| Quick Ratio | 2.09 | ||
| Altman-Z | 4.14 |
F-Score6
WACC7.63%
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 Y17.83%
EPS Next 2Y16.57%
EPS Next 3Y16.92%
EPS Next 5Y30.36%
Revenue 1Y (TTM)17.42%
Revenue growth 3Y19.81%
Revenue growth 5Y28.24%
Sales Q2Q%19.53%
Revenue Next Year15.28%
Revenue Next 2Y14.56%
Revenue Next 3Y14.34%
Revenue Next 5Y16.16%
EBIT growth 1Y75.65%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year28.97%
EBIT Next 3Y24.89%
EBIT Next 5Y15.87%
FCF growth 1Y290.48%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y282.31%
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 2 / 10 to ELASTIC NV (ESTC). This can be considered as Overvalued.
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.