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ELASTIC NV (ESTC) Stock Fundamental Analysis

NYSE:ESTC - New York Stock Exchange, Inc. - NL0013056914 - Common Stock - Currency: USD

90.65  -3.52 (-3.74%)

After market: 90.65 0 (0%)

Fundamental Rating

5

ESTC gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 283 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 expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

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2

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.
In the past 5 years ESTC reported 4 times negative net income.
Of the past 5 years ESTC 4 years had a positive operating cash flow.
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 0 100M -100M -200M

1.2 Ratios

ESTC's Return On Assets of -5.70% is in line compared to the rest of the industry. ESTC outperforms 47.00% of its industry peers.
With a Return On Equity value of -15.46%, ESTC perfoms like the industry average, outperforming 45.23% of the companies in the same industry.
Industry RankSector Rank
ROA -5.7%
ROE -15.46%
ROIC N/A
ROA(3y)-7.73%
ROA(5y)-11.46%
ROE(3y)-33.3%
ROE(5y)-33.81%
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 0 -20 -40 -60 -80 -100

1.3 Margins

ESTC has a better Gross Margin (74.13%) than 64.66% of its industry peers.
ESTC's Gross Margin has been stable in the last couple of years.
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 74.13%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.19%
GM growth 5Y0.75%
ESTC Yearly Profit, Operating, Gross MarginsESTC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 60

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7

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.
ESTC has a better debt/assets ratio than last year.
ESTC Yearly Shares OutstandingESTC Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 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 500M 1B 1.5B 2B

2.2 Solvency

ESTC has an Altman-Z score of 4.15. This indicates that ESTC is financially healthy and has little risk of bankruptcy at the moment.
ESTC's Altman-Z score of 4.15 is fine compared to the rest of the industry. ESTC outperforms 65.37% of its industry peers.
The Debt to FCF ratio of ESTC is 2.40, which is a good value as it means it would take ESTC, 2.40 years of fcf income to pay off all of its debts.
ESTC has a Debt to FCF ratio of 2.40. This is in the better half of the industry: ESTC outperforms 65.72% of its industry peers.
A Debt/Equity ratio of 0.66 indicates that ESTC is somewhat dependend on debt financing.
ESTC's Debt to Equity ratio of 0.66 is on the low side compared to the rest of the industry. ESTC is outperformed by 68.90% 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 RankSector Rank
Debt/Equity 0.66
Debt/FCF 2.4
Altman-Z 4.15
ROIC/WACCN/A
WACC7.62%
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 0 200M 400M 600M

2.3 Liquidity

A Current Ratio of 2.02 indicates that ESTC has no problem at all paying its short term obligations.
ESTC has a better Current ratio (2.02) than 61.48% of its industry peers.
A Quick Ratio of 2.02 indicates that ESTC has no problem at all paying its short term obligations.
The Quick ratio of ESTC (2.02) is better than 61.84% of its industry peers.
Industry RankSector Rank
Current Ratio 2.02
Quick Ratio 2.02
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 500M 1B 1.5B

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7

3. Growth

3.1 Past

ESTC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 48.33%, which is quite impressive.
ESTC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 17.95%.
Measured over the past years, ESTC shows a very strong growth in Revenue. The Revenue has been growing by 36.07% on average per year.
EPS 1Y (TTM)48.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%75%
Revenue 1Y (TTM)17.95%
Revenue growth 3Y27.71%
Revenue growth 5Y36.07%
Sales Q2Q%16.5%

3.2 Future

The Earnings Per Share is expected to grow by 38.66% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 17.10% on average over the next years. This is quite good.
EPS Next Y66.46%
EPS Next 2Y33.91%
EPS Next 3Y28.48%
EPS Next 5Y38.66%
Revenue Next Year16.94%
Revenue Next 2Y15.5%
Revenue Next 3Y15.19%
Revenue Next 5Y17.1%

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.
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 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 0 2 4 6 8 10

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3

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 50.93, ESTC can be considered very expensive at the moment.
The rest of the industry has a similar Price/Earnings ratio as ESTC.
Compared to an average S&P500 Price/Earnings ratio of 26.03, ESTC is valued quite expensively.
ESTC is valuated quite expensively with a Price/Forward Earnings ratio of 42.48.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ESTC is on the same level as its industry peers.
ESTC's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 21.94.
Industry RankSector Rank
PE 50.93
Fwd PE 42.48
ESTC Price Earnings VS Forward Price EarningsESTC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, ESTC is valued a bit cheaper than the industry average as 65.72% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 39.92
EV/EBITDA N/A
ESTC Per share dataESTC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

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 28.48% in the coming years.
PEG (NY)0.77
PEG (5Y)N/A
EPS Next 2Y33.91%
EPS Next 3Y28.48%

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0

5. Dividend

5.1 Amount

ESTC does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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ELASTIC NV

NYSE:ESTC (5/21/2025, 8:04:00 PM)

After market: 90.65 0 (0%)

90.65

-3.52 (-3.74%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-27 2025-02-27/amc
Earnings (Next)05-29 2025-05-29/amc
Inst Owners90.89%
Inst Owner Change13.58%
Ins Owners15.41%
Ins Owner Change0.05%
Market Cap9.46B
Analysts81.76
Price Target132.11 (45.74%)
Short Float %3.57%
Short Ratio1.88
Dividend
Industry RankSector 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)42.04%
Min EPS beat(2)31.56%
Max EPS beat(2)52.52%
EPS beat(4)4
Avg EPS beat(4)31.32%
Min EPS beat(4)4.95%
Max EPS beat(4)52.52%
EPS beat(8)8
Avg EPS beat(8)54.22%
EPS beat(12)12
Avg EPS beat(12)68.61%
EPS beat(16)16
Avg EPS beat(16)68.78%
Revenue beat(2)2
Avg Revenue beat(2)1.04%
Min Revenue beat(2)0.47%
Max Revenue beat(2)1.61%
Revenue beat(4)2
Avg Revenue beat(4)0.14%
Min Revenue beat(4)-1.19%
Max Revenue beat(4)1.61%
Revenue beat(8)4
Avg Revenue beat(8)0.05%
Revenue beat(12)5
Avg Revenue beat(12)-0.02%
Revenue beat(16)9
Avg Revenue beat(16)1.71%
PT rev (1m)-2.93%
PT rev (3m)1.79%
EPS NQ rev (1m)0%
EPS NQ rev (3m)19.24%
EPS NY rev (1m)0%
EPS NY rev (3m)12.9%
Revenue NQ rev (1m)-0.05%
Revenue NQ rev (3m)1.63%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.35%
Valuation
Industry RankSector Rank
PE 50.93
Fwd PE 42.48
P/S 6.62
P/FCF 39.92
P/OCF 39.41
P/B 11.02
P/tB 17.97
EV/EBITDA N/A
EPS(TTM)1.78
EY1.96%
EPS(NY)2.13
Fwd EY2.35%
FCF(TTM)2.27
FCFY2.5%
OCF(TTM)2.3
OCFY2.54%
SpS13.69
BVpS8.23
TBVpS5.05
PEG (NY)0.77
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -5.7%
ROE -15.46%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 74.13%
FCFM 16.58%
ROA(3y)-7.73%
ROA(5y)-11.46%
ROE(3y)-33.3%
ROE(5y)-33.81%
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 3Y0.19%
GM growth 5Y0.75%
F-Score6
Asset Turnover0.61
Health
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF 2.4
Debt/EBITDA N/A
Cap/Depr 21.69%
Cap/Sales 0.21%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.02
Quick Ratio 2.02
Altman-Z 4.15
F-Score6
WACC7.62%
ROIC/WACCN/A
Cap/Depr(3y)23.34%
Cap/Depr(5y)64.33%
Cap/Sales(3y)0.46%
Cap/Sales(5y)1.78%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)48.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%75%
EPS Next Y66.46%
EPS Next 2Y33.91%
EPS Next 3Y28.48%
EPS Next 5Y38.66%
Revenue 1Y (TTM)17.95%
Revenue growth 3Y27.71%
Revenue growth 5Y36.07%
Sales Q2Q%16.5%
Revenue Next Year16.94%
Revenue Next 2Y15.5%
Revenue Next 3Y15.19%
Revenue Next 5Y17.1%
EBIT growth 1Y29.52%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year63.82%
EBIT Next 3Y35.03%
EBIT Next 5Y12.43%
FCF growth 1Y12854.3%
FCF growth 3Y98.28%
FCF growth 5YN/A
OCF growth 1Y4645.79%
OCF growth 3Y87.55%
OCF growth 5YN/A