PROCORE TECHNOLOGIES INC (PCOR)
US74275K1088 - Common Stock
Overall PCOR gets a fundamental rating of 5 out of 10. We evaluated PCOR against 275 industry peers in the Software industry. While PCOR seems to be doing ok healthwise, there are quite some concerns on its profitability. PCOR shows excellent growth, but is valued quite expensive already.
1. Profitability
1.1 Basic Checks
In the past year PCOR was profitable.
PCOR had a positive operating cash flow in the past year.
In the past 5 years PCOR always reported negative net income.
Of the past 5 years PCOR 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of PCOR (-10.01%) is comparable to the rest of the industry.
PCOR has a Return On Equity (-16.41%) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -10.01% | ||
| ROE | -16.41% | ||
| ROIC | N/A |
ROA(3y)-14.06%
ROA(5y)-14.15%
ROE(3y)-21.47%
ROE(5y)-26.03%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
PCOR's Gross Margin of 81.64% is amongst the best of the industry. PCOR outperforms 88.00% of its industry peers.
PCOR's Gross Margin has been stable in the last couple of years.
PCOR does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 81.64% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.2%
GM growth 5Y0.42%
2. Health
2.1 Basic Checks
PCOR does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for PCOR has been increased compared to 1 year ago.
Compared to 5 years ago, PCOR has more shares outstanding
Compared to 1 year ago, PCOR has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 7.95 indicates that PCOR is not in any danger for bankruptcy at the moment.
The Altman-Z score of PCOR (7.95) is better than 83.64% of its industry peers.
PCOR has a debt to FCF ratio of 0.93. This is a very positive value and a sign of high solvency as it would only need 0.93 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.93, PCOR is in the better half of the industry, outperforming 77.45% of the companies in the same industry.
PCOR has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.
PCOR's Debt to Equity ratio of 0.04 is in line compared to the rest of the industry. PCOR outperforms 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.93 | ||
| Altman-Z | 7.95 |
ROIC/WACCN/A
WACC9.82%
2.3 Liquidity
PCOR has a Current Ratio of 1.49. This is a normal value and indicates that PCOR is financially healthy and should not expect problems in meeting its short term obligations.
PCOR has a Current ratio (1.49) which is in line with its industry peers.
A Quick Ratio of 1.49 indicates that PCOR should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.49, PCOR is in line with its industry, outperforming 46.55% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.49 | ||
| Quick Ratio | 1.49 |
3. Growth
3.1 Past
PCOR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 156.86%, which is quite impressive.
PCOR shows a strong growth in Revenue. In the last year, the Revenue has grown by 31.90%.
The Revenue has been growing by 38.50% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)156.86%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q312.5%
Revenue 1Y (TTM)31.9%
Revenue growth 3Y33.39%
Revenue growth 5Y38.5%
Revenue growth Q2Q28.67%
3.2 Future
PCOR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 73.17% yearly.
Based on estimates for the next years, PCOR will show a very strong growth in Revenue. The Revenue will grow by 20.51% on average per year.
EPS Next Y140.69%
EPS Next 2Y85.09%
EPS Next 3Y73.17%
EPS Next 5YN/A
Revenue Next Year21.52%
Revenue Next 2Y20.78%
Revenue Next 3Y20.51%
Revenue Next 5YN/A
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
The Price/Earnings ratio is 244.05, which means the current valuation is very expensive for PCOR.
PCOR's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 24.80, PCOR is valued quite expensively.
PCOR is valuated quite expensively with a Price/Forward Earnings ratio of 101.40.
PCOR's Price/Forward Earnings ratio is in line with the industry average.
PCOR's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 21.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 244.05 | ||
| Fwd PE | 101.4 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PCOR is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 218.2 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PCOR's earnings are expected to grow with 73.17% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.73
PEG (5Y)N/A
EPS Next 2Y85.09%
EPS Next 3Y73.17%
5. Dividend
5.1 Amount
PCOR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
PROCORE TECHNOLOGIES INC
NYSE:PCOR (4/19/2024, 9:30:07 AM)
70.775
-0.94 (-1.32%)
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 Cap10.26B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(12)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
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Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 244.05 | ||
| Fwd PE | 101.4 | ||
| 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)1.73
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -10.01% | ||
| ROE | -16.41% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 81.64% | ||
| 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 Turnover0.5
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.49 | ||
| Quick Ratio | 1.49 | ||
| 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)156.86%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y140.69%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)31.9%
Revenue growth 3Y33.39%
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
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y