ELASTIC NV (ESTC) Stock Fundamental Analysis
USA - NYSE:ESTC - NL0013056914 - Common Stock
80.4 USD
-3.64 (-4.33%)
80.4 USD
0 (0%)
Overall ESTC gets a fundamental rating of 5 out of 10. We evaluated ESTC against 281 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 is valued quite expensive, but it does show an excellent growth.
1. Profitability
1.1 Basic Checks
In the past year ESTC was profitable.
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.
1.2 Ratios
ESTC has a Return On Assets (-3.31%) which is in line with its industry peers.
With a Return On Equity value of -8.60%, ESTC perfoms like the industry average, outperforming 49.11% 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
ESTC has a better Gross Margin (75.19%) than 67.26% of its industry peers.
In the last couple of years the Gross Margin of ESTC has remained more or less at the same level.
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.
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.
ESTC has a better Altman-Z score (3.72) than 63.35% 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 68.33% 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 66.90% 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 | 3.72 |
ROIC/WACCN/A
WACC7.78%
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's Current ratio of 2.09 is fine compared to the rest of the industry. ESTC outperforms 63.35% of its industry peers.
A Quick Ratio of 2.09 indicates that ESTC has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.09, ESTC is in the better half of the industry, outperforming 64.06% 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.
Looking at the last year, ESTC shows a quite strong growth in Revenue. The Revenue has grown by 17.42% 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)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
Based on estimates for the next years, ESTC will show a very strong growth in Earnings Per Share. The EPS will grow by 30.36% on average per year.
The Revenue is expected to grow by 16.16% on average over the next years. This is quite good.
EPS Next Y17.3%
EPS Next 2Y15.31%
EPS Next 3Y12.96%
EPS Next 5Y30.36%
Revenue Next Year14.55%
Revenue Next 2Y13.59%
Revenue Next 3Y13.66%
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
A Price/Earnings ratio of 35.11 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 62.99% of the companies listed in the same industry.
ESTC's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.76.
The Price/Forward Earnings ratio is 29.64, which means the current valuation is very expensive for ESTC.
Based on the Price/Forward Earnings ratio, ESTC is valued a bit cheaper than 63.70% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.21, ESTC is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.11 | ||
| Fwd PE | 29.64 |
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 73.67% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.23 | ||
| 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.
ESTC's earnings are expected to grow with 12.96% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.03
PEG (5Y)N/A
EPS Next 2Y15.31%
EPS Next 3Y12.96%
5. Dividend
5.1 Amount
No dividends for ESTC!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
80.4
-3.64 (-4.33%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners86.4%
Inst Owner Change0%
Ins Owners12.31%
Ins Owner Change0.31%
Market Cap8.54B
Analysts81.71
Price Target123.09 (53.1%)
Short Float %4.95%
Short Ratio2.55
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)0.38%
PT rev (3m)7.85%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.72%
EPS NY rev (1m)2.72%
EPS NY rev (3m)3.38%
Revenue NQ rev (1m)-0.46%
Revenue NQ rev (3m)1.4%
Revenue NY rev (1m)1.41%
Revenue NY rev (3m)1.35%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.11 | ||
| Fwd PE | 29.64 | ||
| P/S | 5.51 | ||
| P/FCF | 27.23 | ||
| P/OCF | 26.87 | ||
| P/B | 8.8 | ||
| P/tB | 13.53 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.29
EY2.85%
EPS(NY)2.71
Fwd EY3.37%
FCF(TTM)2.95
FCFY3.67%
OCF(TTM)2.99
OCFY3.72%
SpS14.6
BVpS9.14
TBVpS5.94
PEG (NY)2.03
PEG (5Y)N/A
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
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 Turnover0.61
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 | 3.72 |
F-Score6
WACC7.78%
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 Y17.3%
EPS Next 2Y15.31%
EPS Next 3Y12.96%
EPS Next 5Y30.36%
Revenue 1Y (TTM)17.42%
Revenue growth 3Y19.81%
Revenue growth 5Y28.24%
Sales Q2Q%19.53%
Revenue Next Year14.55%
Revenue Next 2Y13.59%
Revenue Next 3Y13.66%
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