ELASTIC NV (ESTC) Fundamental Analysis & Valuation

NYSE:ESTC • NL0013056914

51.85 USD
-0.83 (-1.58%)
At close: Mar 4, 2026
51.9049 USD
+0.05 (+0.11%)
Pre-Market: 3/5/2026, 8:00:04 AM
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

  • ESTC had positive earnings in the past year.
  • ESTC had a positive operating cash flow in the past year.
  • 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's Return On Assets of -3.47% is in line compared to the rest of the industry. ESTC outperforms 46.74% of its industry peers.
  • ESTC has a Return On Equity of -10.68%. This is comparable to the rest of the industry: ESTC outperforms 46.74% of 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 better Gross Margin (75.97%) than 69.57% of its industry peers.
  • 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 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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

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.
  • ESTC has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, ESTC has more shares outstanding
  • 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

  • ESTC has an Altman-Z score of 2.33. This is not the best score and indicates that ESTC is in the grey zone with still only limited risk for bankruptcy at the moment.
  • With a Altman-Z score value of 2.33, ESTC perfoms like the industry average, outperforming 59.06% of the companies in the same industry.
  • The Debt to FCF ratio of ESTC is 2.22, which is a good value as it means it would take ESTC, 2.22 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of ESTC (2.22) is better than 66.30% of its industry peers.
  • A Debt/Equity ratio of 0.72 indicates that ESTC is somewhat dependend on debt financing.
  • ESTC has a worse Debt to Equity ratio (0.72) than 70.29% 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 0.72
Debt/FCF 2.22
Altman-Z 2.33
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 of 1.82. This is comparable to the rest of the industry: ESTC outperforms 53.62% of its industry peers.
  • 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.
  • ESTC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 17.29%.
  • The Revenue has been growing by 28.24% on average over the past years. This is a very strong growth!
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.
  • The Revenue is expected to grow by 12.99% on average over the next years. This is quite good.
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

More info and screens

Find the best growth stocksShow best growing peers

4

4. ESTC Valuation Analysis

4.1 Price/Earnings Ratio

  • ESTC is valuated rather expensively with a Price/Earnings ratio of 21.25.
  • Based on the Price/Earnings ratio, ESTC is valued a bit cheaper than the industry average as 69.93% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 27.03. ESTC is valued slightly cheaper when compared to this.
  • A Price/Forward Earnings ratio of 17.55 indicates a rather expensive valuation of ESTC.
  • 71.38% of the companies in the same industry are more expensive than ESTC, based on the Price/Forward Earnings ratio.
  • ESTC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.11, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 21.25
Fwd PE 17.55
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

  • Based on the Price/Free Cash Flow ratio, ESTC is valued a bit cheaper than 73.19% of the companies in the same industry.
Industry RankSector Rank
P/FCF 20.89
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)0.83
PEG (5Y)N/A
EPS Next 2Y20.33%
EPS Next 3Y19.26%

More info and screens

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%

More info and screens

Find the best dividend stocksShow peers with best dividend

ESTC Fundamentals: All Metrics, Ratios and Statistics

ELASTIC NV

NYSE:ESTC (3/4/2026, 8:22:12 PM)

Premarket: 51.9049 +0.05 (+0.11%)

51.85

-0.83 (-1.58%)

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 Cap5.37B
Revenue(TTM)1.68B
Net Income(TTM)-84.52M
Analysts80.59
Price Target97.53 (88.1%)
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 21.25
Fwd PE 17.55
P/S 3.2
P/FCF 20.89
P/OCF 20.55
P/B 6.78
P/tB 12.87
EV/EBITDA N/A
EPS(TTM)2.44
EY4.71%
EPS(NY)2.95
Fwd EY5.7%
FCF(TTM)2.48
FCFY4.79%
OCF(TTM)2.52
OCFY4.87%
SpS16.2
BVpS7.64
TBVpS4.03
PEG (NY)0.83
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 2.33
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.