ELASTIC NV (ESTC)
NL0013056914 - Common Stock
We assign a fundamental rating of 4 out of 10 to ESTC. ESTC was compared to 277 industry peers in the Software industry. The financial health of ESTC is average, but 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
ESTC had positive earnings in the past year.
ESTC had a positive operating cash flow in the past year.
ESTC had negative earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: ESTC reported negative operating cash flow in multiple years.
1.2 Ratios
ESTC has a better Return On Assets (2.73%) than 74.45% of its industry peers.
Looking at the Return On Equity, with a value of 7.93%, ESTC is in the better half of the industry, outperforming 79.20% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.73% | ||
| ROE | 7.93% | ||
| ROIC | N/A |
ROA(3y)-13.08%
ROA(5y)-16.22%
ROE(3y)-45.66%
ROE(5y)-43.26%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a decent Profit Margin value of 4.63%, ESTC is doing good in the industry, outperforming 74.45% of the companies in the same industry.
ESTC has a better Gross Margin (73.95%) than 66.06% of its industry peers.
ESTC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 4.63% | ||
| GM | 73.95% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.44%
GM growth 5Y-0.62%
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.
Compared to 1 year ago, ESTC has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.85 indicates that ESTC is not in any danger for bankruptcy at the moment.
ESTC's Altman-Z score of 4.85 is fine compared to the rest of the industry. ESTC outperforms 70.07% of its industry peers.
The Debt to FCF ratio of ESTC is 5.12, which is a neutral value as it means it would take ESTC, 5.12 years of fcf income to pay off all of its debts.
ESTC has a Debt to FCF ratio of 5.12. This is comparable to the rest of the industry: ESTC outperforms 59.49% of its industry peers.
ESTC has a Debt/Equity ratio of 0.80. This is a neutral value indicating ESTC is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.80, ESTC is not doing good in the industry: 70.07% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | 5.12 | ||
| Altman-Z | 4.85 |
ROIC/WACCN/A
WACC7.09%
2.3 Liquidity
A Current Ratio of 1.87 indicates that ESTC should not have too much problems paying its short term obligations.
ESTC has a Current ratio (1.87) which is in line with its industry peers.
ESTC has a Quick Ratio of 1.87. 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 1.87 is in line compared to the rest of the industry. ESTC outperforms 55.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.87 | ||
| Quick Ratio | 1.87 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 963.31% over the past year.
The Revenue has grown by 17.87% in the past year. This is quite good.
ESTC shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 46.23% yearly.
EPS 1Y (TTM)963.31%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q111.76%
Revenue 1Y (TTM)17.87%
Revenue growth 3Y35.72%
Revenue growth 5Y46.23%
Revenue growth Q2Q19.43%
3.2 Future
The Earnings Per Share is expected to grow by 80.52% on average over the next years. This is a very strong growth
Based on estimates for the next years, ESTC will show a quite strong growth in Revenue. The Revenue will grow by 19.51% on average per year.
EPS Next Y398.17%
EPS Next 2Y142.66%
EPS Next 3Y98.34%
EPS Next 5Y80.52%
Revenue Next Year18.29%
Revenue Next 2Y17.92%
Revenue Next 3Y18.05%
Revenue Next 5Y19.51%
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 88.05, ESTC can be considered very expensive at the moment.
The rest of the industry has a similar Price/Earnings ratio as ESTC.
ESTC is valuated expensively when we compare the Price/Earnings ratio to 28.28, which is the current average of the S&P500 Index.
ESTC is valuated quite expensively with a Price/Forward Earnings ratio of 74.46.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ESTC is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of ESTC to the average of the S&P500 Index (20.88), we can say ESTC is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 88.05 | ||
| Fwd PE | 74.46 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ESTC is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 95.87 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
ESTC's 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 98.34% in the coming years.
PEG (NY)0.22
PEG (5Y)N/A
EPS Next 2Y142.66%
EPS Next 3Y98.34%
5. Dividend
5.1 Amount
No dividends for ESTC!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
ELASTIC NV
NYSE:ESTC (5/3/2024, 7:04:00 PM)
After market: 105.66 0 (0%)105.66
-0.44 (-0.41%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap10.65B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
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Div Incr Years
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Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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PT rev (1m)
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EPS NQ rev (3m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 88.05 | ||
| Fwd PE | 74.46 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.22
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.73% | ||
| ROE | 7.93% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 4.63% | ||
| GM | 73.95% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.59
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.87 | ||
| Quick Ratio | 1.87 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)963.31%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y398.17%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)17.87%
Revenue growth 3Y35.72%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
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OCF growth 5Y