PAGAYA TECHNOLOGIES LTD -A (PGY) Stock Fundamental Analysis
NASDAQ:PGY - Nasdaq - IL0011858912 - Common Stock - Currency: USD
Overall PGY gets a fundamental rating of 3 out of 10. We evaluated PGY against 282 industry peers in the Software industry. PGY may be in some trouble as it scores bad on both profitability and health. PGY is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year PGY has reported negative net income.
In the past year PGY had a positive cash flow from operations.
In the past 5 years PGY reported 4 times negative net income.
Of the past 5 years PGY 4 years had a positive operating cash flow.
1.2 Ratios
PGY has a worse Return On Assets (-29.16%) than 73.76% of its industry peers.
PGY has a worse Return On Equity (-90.98%) than 76.24% of its industry peers.
PGY has a Return On Invested Capital of 7.82%. This is amongst the best in the industry. PGY outperforms 80.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -29.16% | ||
| ROE | -90.98% | ||
| ROIC | 7.82% |
ROA(3y)-23.94%
ROA(5y)-18.43%
ROE(3y)-59.08%
ROE(5y)-43.26%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
PGY's Operating Margin of 9.92% is fine compared to the rest of the industry. PGY outperforms 75.89% of its industry peers.
PGY has a worse Gross Margin (42.44%) than 73.76% of its industry peers.
PGY's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.92% | ||
| PM (TTM) | N/A | ||
| GM | 42.44% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-6.22%
GM growth 5YN/A
2. Health
2.1 Basic Checks
PGY has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, PGY has more shares outstanding
PGY has a worse debt/assets ratio than last year.
2.2 Solvency
PGY has an Altman-Z score of 1.47. This is a bad value and indicates that PGY is not financially healthy and even has some risk of bankruptcy.
PGY has a Altman-Z score (1.47) which is in line with its industry peers.
PGY has a debt to FCF ratio of 10.98. This is a negative value and a sign of low solvency as PGY would need 10.98 years to pay back of all of its debts.
PGY's Debt to FCF ratio of 10.98 is in line compared to the rest of the industry. PGY outperforms 49.65% of its industry peers.
PGY has a Debt/Equity ratio of 1.24. This is a high value indicating a heavy dependency on external financing.
PGY has a worse Debt to Equity ratio (1.24) than 77.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.24 | ||
| Debt/FCF | 10.98 | ||
| Altman-Z | 1.47 |
ROIC/WACC0.83
WACC9.39%
2.3 Liquidity
A Current Ratio of 1.79 indicates that PGY should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.79, PGY is in line with its industry, outperforming 56.03% of the companies in the same industry.
PGY has a Quick Ratio of 1.79. This is a normal value and indicates that PGY is financially healthy and should not expect problems in meeting its short term obligations.
PGY has a Quick ratio (1.79) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.79 | ||
| Quick Ratio | 1.79 |
3. Growth
3.1 Past
The earnings per share for PGY have decreased strongly by -217.73% in the last year.
Looking at the last year, PGY shows a very strong growth in Revenue. The Revenue has grown by 23.69%.
Measured over the past years, PGY shows a very strong growth in Revenue. The Revenue has been growing by 29.57% on average per year.
EPS 1Y (TTM)-217.73%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%309.09%
Revenue 1Y (TTM)23.69%
Revenue growth 3Y29.57%
Revenue growth 5YN/A
Sales Q2Q%18.23%
3.2 Future
Based on estimates for the next years, PGY will show a very strong growth in Earnings Per Share. The EPS will grow by 36.40% on average per year.
The Revenue is expected to grow by 15.94% on average over the next years. This is quite good.
EPS Next Y142.63%
EPS Next 2Y58.57%
EPS Next 3Y36.4%
EPS Next 5YN/A
Revenue Next Year21.11%
Revenue Next 2Y17.94%
Revenue Next 3Y15.94%
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
PGY reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
With a Price/Forward Earnings ratio of 8.30, the valuation of PGY can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PGY indicates a rather cheap valuation: PGY is cheaper than 93.97% of the companies listed in the same industry.
PGY's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 35.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 8.3 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PGY indicates a rather cheap valuation: PGY is cheaper than 85.82% of the companies listed in the same industry.
74.11% of the companies in the same industry are more expensive than PGY, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.34 | ||
| EV/EBITDA | 16.32 |
4.3 Compensation for Growth
PGY's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PGY's earnings are expected to grow with 36.40% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y58.57%
EPS Next 3Y36.4%
5. Dividend
5.1 Amount
No dividends for PGY!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
23.49
-0.2 (-0.84%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners58.82%
Inst Owner Change0%
Ins Owners1.76%
Ins Owner Change-40.45%
Market Cap1.78B
Analysts84.29
Price Target22.98 (-2.17%)
Short Float %17.14%
Short Ratio3.82
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)-559.07%
Min EPS beat(2)-1261.55%
Max EPS beat(2)143.41%
EPS beat(4)1
Avg EPS beat(4)-2922.83%
Min EPS beat(4)-10197%
Max EPS beat(4)143.41%
EPS beat(8)1
Avg EPS beat(8)-1567.88%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)1.84%
Min Revenue beat(2)0.72%
Max Revenue beat(2)2.96%
Revenue beat(4)4
Avg Revenue beat(4)1.97%
Min Revenue beat(4)0.58%
Max Revenue beat(4)3.6%
Revenue beat(8)7
Avg Revenue beat(8)1.91%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-0.23%
PT rev (3m)4.31%
EPS NQ rev (1m)1.19%
EPS NQ rev (3m)129.91%
EPS NY rev (1m)72.9%
EPS NY rev (3m)45.05%
Revenue NQ rev (1m)-0.19%
Revenue NQ rev (3m)3.79%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 8.3 | ||
| P/S | 1.65 | ||
| P/FCF | 30.34 | ||
| P/OCF | 22.1 | ||
| P/B | 4.34 | ||
| P/tB | 4.74 | ||
| EV/EBITDA | 16.32 |
EPS(TTM)-4.48
EYN/A
EPS(NY)2.83
Fwd EY12.05%
FCF(TTM)0.77
FCFY3.3%
OCF(TTM)1.06
OCFY4.53%
SpS14.22
BVpS5.41
TBVpS4.96
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -29.16% | ||
| ROE | -90.98% | ||
| ROCE | 9.9% | ||
| ROIC | 7.82% | ||
| ROICexc | 9.45% | ||
| ROICexgc | 9.83% | ||
| OM | 9.92% | ||
| PM (TTM) | N/A | ||
| GM | 42.44% | ||
| FCFM | 5.44% |
ROA(3y)-23.94%
ROA(5y)-18.43%
ROE(3y)-59.08%
ROE(5y)-43.26%
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 3Y-6.22%
GM growth 5YN/A
F-Score4
Asset Turnover0.84
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.24 | ||
| Debt/FCF | 10.98 | ||
| Debt/EBITDA | 3.71 | ||
| Cap/Depr | 72.51% | ||
| Cap/Sales | 2.03% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 58.75% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.79 | ||
| Quick Ratio | 1.79 | ||
| Altman-Z | 1.47 |
F-Score4
WACC9.39%
ROIC/WACC0.83
Cap/Depr(3y)180.79%
Cap/Depr(5y)346.68%
Cap/Sales(3y)2.58%
Cap/Sales(5y)2.05%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-217.73%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%309.09%
EPS Next Y142.63%
EPS Next 2Y58.57%
EPS Next 3Y36.4%
EPS Next 5YN/A
Revenue 1Y (TTM)23.69%
Revenue growth 3Y29.57%
Revenue growth 5YN/A
Sales Q2Q%18.23%
Revenue Next Year21.11%
Revenue Next 2Y17.94%
Revenue Next 3Y15.94%
Revenue Next 5YN/A
EBIT growth 1Y1192.46%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year443.62%
EBIT Next 3Y80.94%
EBIT Next 5YN/A
FCF growth 1Y167.16%
FCF growth 3Y0.07%
FCF growth 5YN/A
OCF growth 1Y232.26%
OCF growth 3Y10.12%
OCF growth 5YN/A