PAGAYA TECHNOLOGIES LTD -A (PGY) Stock Fundamental Analysis
USA - NASDAQ:PGY - IL0011858912 - Common Stock
39.66 USD
+1.53 (+4.01%)
39.68 USD
+0.02 (+0.05%)
We assign a fundamental rating of 3 out of 10 to PGY. PGY was compared to 280 industry peers in the Software industry. Both the profitability and financial health of PGY have multiple concerns. PGY is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
PGY had negative earnings in the past year.
PGY had a positive operating cash flow in the past year.
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 Return On Assets of -20.18%. This is in the lower half of the industry: PGY underperforms 72.14% of its industry peers.
Looking at the Return On Equity, with a value of -64.03%, PGY is doing worse than 74.29% of the companies in the same industry.
PGY has a Return On Invested Capital of 10.92%. This is amongst the best in the industry. PGY outperforms 86.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -20.18% | ||
| ROE | -64.03% | ||
| ROIC | 10.92% |
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
With a decent Operating Margin value of 13.73%, PGY is doing good in the industry, outperforming 79.29% of the companies in the same industry.
PGY has a worse Gross Margin (42.26%) than 73.57% of its industry peers.
In the last couple of years the Gross Margin of PGY has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.73% | ||
| PM (TTM) | N/A | ||
| GM | 42.26% |
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 just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, PGY has more shares outstanding
Compared to 1 year ago, PGY has a worse debt to assets ratio.
2.2 Solvency
PGY has an Altman-Z score of 2.20. This is not the best score and indicates that PGY is in the grey zone with still only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.20, PGY perfoms like the industry average, outperforming 50.36% of the companies in the same industry.
PGY has a debt to FCF ratio of 7.20. This is a slightly negative value and a sign of low solvency as PGY would need 7.20 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 7.20, PGY is in line with its industry, outperforming 52.86% of the companies in the same industry.
PGY has a Debt/Equity ratio of 1.23. This is a high value indicating a heavy dependency on external financing.
PGY has a Debt to Equity ratio of 1.23. This is in the lower half of the industry: PGY underperforms 77.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.23 | ||
| Debt/FCF | 7.2 | ||
| Altman-Z | 2.2 |
ROIC/WACC1.23
WACC8.89%
2.3 Liquidity
PGY has a Current Ratio of 1.42. This is a normal value and indicates that PGY is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of PGY (1.42) is comparable to the rest of the industry.
A Quick Ratio of 1.42 indicates that PGY should not have too much problems paying its short term obligations.
PGY has a Quick ratio (1.42) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.42 | ||
| Quick Ratio | 1.42 |
3. Growth
3.1 Past
PGY shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -64.47%.
Looking at the last year, PGY shows a very strong growth in Revenue. The Revenue has grown by 24.59%.
The Revenue has been growing by 29.57% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-64.47%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%119.23%
Revenue 1Y (TTM)24.59%
Revenue growth 3Y29.57%
Revenue growth 5YN/A
Sales Q2Q%30.38%
3.2 Future
PGY is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 33.71% yearly.
The Revenue is expected to grow by 19.22% on average over the next years. This is quite good.
EPS Next Y113.08%
EPS Next 2Y50.58%
EPS Next 3Y33.71%
EPS Next 5YN/A
Revenue Next Year28.5%
Revenue Next 2Y22.36%
Revenue Next 3Y19.22%
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.
A Price/Forward Earnings ratio of 26.98 indicates a quite expensive valuation of PGY.
Based on the Price/Forward Earnings ratio, PGY is valued a bit cheaper than the industry average as 68.57% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of PGY to the average of the S&P500 Index (22.73), we can say PGY is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 26.98 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PGY is valued cheaper than 83.21% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, PGY is valued a bit cheaper than the industry average as 74.29% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.07 | ||
| EV/EBITDA | 18.34 |
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 33.71% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y50.58%
EPS Next 3Y33.71%
5. Dividend
5.1 Amount
No dividends for PGY!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
39.66
+1.53 (+4.01%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners53%
Inst Owner Change-24.96%
Ins Owners1.78%
Ins Owner Change-36.64%
Market Cap3.04B
Analysts84.29
Price Target41.31 (4.16%)
Short Float %20.12%
Short Ratio3.12
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)68.52%
Min EPS beat(2)-6.37%
Max EPS beat(2)143.41%
EPS beat(4)1
Avg EPS beat(4)-375.17%
Min EPS beat(4)-1261.55%
Max EPS beat(4)143.41%
EPS beat(8)1
Avg EPS beat(8)-1560.98%
EPS beat(12)2
Avg EPS beat(12)-1081.17%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)1.62%
Min Revenue beat(2)0.72%
Max Revenue beat(2)2.51%
Revenue beat(4)4
Avg Revenue beat(4)1.69%
Min Revenue beat(4)0.58%
Max Revenue beat(4)2.96%
Revenue beat(8)7
Avg Revenue beat(8)1.83%
Revenue beat(12)11
Avg Revenue beat(12)4.16%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)65.81%
PT rev (3m)79.34%
EPS NQ rev (1m)15.05%
EPS NQ rev (3m)-55.75%
EPS NY rev (1m)-69.32%
EPS NY rev (3m)-46.96%
Revenue NQ rev (1m)8.11%
Revenue NQ rev (3m)14.1%
Revenue NY rev (1m)4.02%
Revenue NY rev (3m)6.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 26.98 | ||
| P/S | 2.64 | ||
| P/FCF | 30.07 | ||
| P/OCF | 24.84 | ||
| P/B | 6.89 | ||
| P/tB | 7.45 | ||
| EV/EBITDA | 18.34 |
EPS(TTM)-3.24
EYN/A
EPS(NY)1.47
Fwd EY3.71%
FCF(TTM)1.32
FCFY3.33%
OCF(TTM)1.6
OCFY4.03%
SpS15.05
BVpS5.76
TBVpS5.32
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -20.18% | ||
| ROE | -64.03% | ||
| ROCE | 13.83% | ||
| ROIC | 10.92% | ||
| ROICexc | 13% | ||
| ROICexgc | 13.47% | ||
| OM | 13.73% | ||
| PM (TTM) | N/A | ||
| GM | 42.26% | ||
| FCFM | 8.76% |
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 Turnover0.82
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.23 | ||
| Debt/FCF | 7.2 | ||
| Debt/EBITDA | 2.88 | ||
| Cap/Depr | 69.32% | ||
| Cap/Sales | 1.85% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 64.73% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.42 | ||
| Quick Ratio | 1.42 | ||
| Altman-Z | 2.2 |
F-Score4
WACC8.89%
ROIC/WACC1.23
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)-64.47%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%119.23%
EPS Next Y113.08%
EPS Next 2Y50.58%
EPS Next 3Y33.71%
EPS Next 5YN/A
Revenue 1Y (TTM)24.59%
Revenue growth 3Y29.57%
Revenue growth 5YN/A
Sales Q2Q%30.38%
Revenue Next Year28.5%
Revenue Next 2Y22.36%
Revenue Next 3Y19.22%
Revenue Next 5YN/A
EBIT growth 1Y572.63%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year481.33%
EBIT Next 3Y103.09%
EBIT Next 5YN/A
FCF growth 1Y242.09%
FCF growth 3Y0.07%
FCF growth 5YN/A
OCF growth 1Y406.81%
OCF growth 3Y10.12%
OCF growth 5YN/A