PROCORE TECHNOLOGIES INC (PCOR) Stock Fundamental Analysis
NYSE:PCOR - New York Stock Exchange, Inc. - US74275K1088 - Common Stock - Currency: USD
PCOR gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 283 industry peers in the Software industry. The financial health of PCOR is average, but there are quite some concerns on its profitability. PCOR shows excellent growth, but is valued quite expensive already.
1. Profitability
1.1 Basic Checks
PCOR had positive earnings in the past year.
In the past year PCOR had a positive cash flow from operations.
PCOR had negative earnings in each of the past 5 years.
PCOR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
PCOR's Return On Assets of -6.57% is in line compared to the rest of the industry. PCOR outperforms 46.29% of its industry peers.
PCOR has a Return On Equity (-10.83%) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -6.57% | ||
| ROE | -10.83% | ||
| ROIC | N/A |
ROA(3y)-10.51%
ROA(5y)-11.86%
ROE(3y)-16.78%
ROE(5y)-18.88%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With an excellent Gross Margin value of 81.15%, PCOR belongs to the best of the industry, outperforming 85.16% of the companies in the same industry.
PCOR's Gross Margin has been stable in the last couple of years.
The Profit Margin and Operating Margin are not available for PCOR so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 81.15% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.52%
GM growth 5Y0.14%
2. Health
2.1 Basic Checks
PCOR does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, PCOR has more shares outstanding
The number of shares outstanding for PCOR has been increased compared to 5 years ago.
The debt/assets ratio for PCOR has been reduced compared to a year ago.
2.2 Solvency
PCOR has an Altman-Z score of 7.45. This indicates that PCOR is financially healthy and has little risk of bankruptcy at the moment.
PCOR's Altman-Z score of 7.45 is fine compared to the rest of the industry. PCOR outperforms 78.09% of its industry peers.
The Debt to FCF ratio of PCOR is 0.27, which is an excellent value as it means it would take PCOR, only 0.27 years of fcf income to pay off all of its debts.
PCOR's Debt to FCF ratio of 0.27 is amongst the best of the industry. PCOR outperforms 80.57% of its industry peers.
A Debt/Equity ratio of 0.02 indicates that PCOR is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.02, PCOR is doing good in the industry, outperforming 62.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 0.27 | ||
| Altman-Z | 7.45 |
ROIC/WACCN/A
WACC9%
2.3 Liquidity
PCOR has a Current Ratio of 1.19. This is a normal value and indicates that PCOR is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of PCOR (1.19) is worse than 63.96% of its industry peers.
A Quick Ratio of 1.19 indicates that PCOR should not have too much problems paying its short term obligations.
The Quick ratio of PCOR (1.19) is worse than 63.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.19 | ||
| Quick Ratio | 1.19 |
3. Growth
3.1 Past
PCOR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 50.00%, which is quite impressive.
The Revenue has grown by 18.60% in the past year. This is quite good.
The Revenue has been growing by 31.83% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)50%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-23.33%
Revenue 1Y (TTM)18.6%
Revenue growth 3Y30.79%
Revenue growth 5Y31.83%
Sales Q2Q%15.29%
3.2 Future
PCOR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 31.16% yearly.
The Revenue is expected to grow by 17.55% on average over the next years. This is quite good.
EPS Next Y30.5%
EPS Next 2Y28.81%
EPS Next 3Y31.16%
EPS Next 5YN/A
Revenue Next Year12.41%
Revenue Next 2Y12.87%
Revenue Next 3Y14.28%
Revenue Next 5Y17.55%
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
The Price/Earnings ratio is 78.14, which means the current valuation is very expensive for PCOR.
Compared to the rest of the industry, the Price/Earnings ratio of PCOR is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 26.30, PCOR is valued quite expensively.
With a Price/Forward Earnings ratio of 43.59, PCOR can be considered very expensive at the moment.
PCOR's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.06. PCOR is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 78.14 | ||
| Fwd PE | 43.59 |
4.2 Price Multiples
The rest of the industry has a similar Price/Free Cash Flow ratio as PCOR.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 92.78 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates PCOR does not grow enough to justify the current Price/Earnings ratio.
PCOR's earnings are expected to grow with 31.16% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.56
PEG (5Y)N/A
EPS Next 2Y28.81%
EPS Next 3Y31.16%
5. Dividend
5.1 Amount
No dividends for PCOR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
67.98
+0.66 (+0.98%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners93.87%
Inst Owner Change2.79%
Ins Owners8.35%
Ins Owner Change-9.14%
Market Cap10.14B
Analysts78.57
Price Target78.38 (15.3%)
Short Float %7.6%
Short Ratio7.9
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)1
Avg EPS beat(2)-33.94%
Min EPS beat(2)-91.52%
Max EPS beat(2)23.64%
EPS beat(4)3
Avg EPS beat(4)-1.51%
Min EPS beat(4)-91.52%
Max EPS beat(4)54.4%
EPS beat(8)7
Avg EPS beat(8)74.19%
EPS beat(12)10
Avg EPS beat(12)65.62%
EPS beat(16)14
Avg EPS beat(16)55.39%
Revenue beat(2)1
Avg Revenue beat(2)0.04%
Min Revenue beat(2)-0.56%
Max Revenue beat(2)0.63%
Revenue beat(4)3
Avg Revenue beat(4)0.56%
Min Revenue beat(4)-0.56%
Max Revenue beat(4)1.28%
Revenue beat(8)7
Avg Revenue beat(8)1.52%
Revenue beat(12)11
Avg Revenue beat(12)2.32%
Revenue beat(16)15
Avg Revenue beat(16)2.61%
PT rev (1m)-7.92%
PT rev (3m)-16.83%
EPS NQ rev (1m)-13.82%
EPS NQ rev (3m)-14.12%
EPS NY rev (1m)-0.7%
EPS NY rev (3m)-1.6%
Revenue NQ rev (1m)-1.24%
Revenue NQ rev (3m)-1.3%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)-0.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 78.14 | ||
| Fwd PE | 43.59 | ||
| P/S | 8.5 | ||
| P/FCF | 92.78 | ||
| P/OCF | 52.53 | ||
| P/B | 8.58 | ||
| P/tB | 28.93 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.87
EY1.28%
EPS(NY)1.56
Fwd EY2.29%
FCF(TTM)0.73
FCFY1.08%
OCF(TTM)1.29
OCFY1.9%
SpS8
BVpS7.92
TBVpS2.35
PEG (NY)2.56
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -6.57% | ||
| ROE | -10.83% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 81.15% | ||
| FCFM | 9.16% |
ROA(3y)-10.51%
ROA(5y)-11.86%
ROE(3y)-16.78%
ROE(5y)-18.88%
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 3Y0.52%
GM growth 5Y0.14%
F-Score6
Asset Turnover0.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 0.27 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 86.74% | ||
| Cap/Sales | 7.02% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.19 | ||
| Quick Ratio | 1.19 | ||
| Altman-Z | 7.45 |
F-Score6
WACC9%
ROIC/WACCN/A
Cap/Depr(3y)77.64%
Cap/Depr(5y)76.37%
Cap/Sales(3y)6.24%
Cap/Sales(5y)5.76%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)50%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-23.33%
EPS Next Y30.5%
EPS Next 2Y28.81%
EPS Next 3Y31.16%
EPS Next 5YN/A
Revenue 1Y (TTM)18.6%
Revenue growth 3Y30.79%
Revenue growth 5Y31.83%
Sales Q2Q%15.29%
Revenue Next Year12.41%
Revenue Next 2Y12.87%
Revenue Next 3Y14.28%
Revenue Next 5Y17.55%
EBIT growth 1Y5.56%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year106.39%
EBIT Next 3Y48.52%
EBIT Next 5YN/A
FCF growth 1Y955.22%
FCF growth 3Y138.66%
FCF growth 5YN/A
OCF growth 1Y510.74%
OCF growth 3Y74.8%
OCF growth 5YN/A