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COUCHBASE INC (BASE) Stock Fundamental Analysis

NASDAQ:BASE - Nasdaq - US22207T1016 - Common Stock - Currency: USD

17.9  -0.4 (-2.19%)

After market: 17.9 0 (0%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to BASE. BASE was compared to 82 industry peers in the IT Services industry. BASE has a great financial health rating, but its profitability evaluates not so good. BASE is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year BASE has reported negative net income.
BASE had a negative operating cash flow in the past year.
In the past 5 years BASE always reported negative net income.
In the past 5 years BASE always reported negative operating cash flow.
BASE Yearly Net Income VS EBIT VS OCF VS FCFBASE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 -20M -40M -60M -80M

1.2 Ratios

The Return On Assets of BASE (-36.16%) is worse than 87.18% of its industry peers.
BASE's Return On Equity of -63.45% is on the low side compared to the rest of the industry. BASE is outperformed by 75.64% of its industry peers.
Industry RankSector Rank
ROA -36.16%
ROE -63.45%
ROIC N/A
ROA(3y)-27.17%
ROA(5y)-32.49%
ROE(3y)-46.8%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
BASE Yearly ROA, ROE, ROICBASE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 0 500 1K 1.5K

1.3 Margins

With an excellent Gross Margin value of 88.35%, BASE belongs to the best of the industry, outperforming 98.72% of the companies in the same industry.
In the last couple of years the Gross Margin of BASE has remained more or less at the same level.
BASE does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 88.35%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.39%
GM growth 5YN/A
BASE Yearly Profit, Operating, Gross MarginsBASE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 50

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7

2. Health

2.1 Basic Checks

BASE does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, BASE has more shares outstanding
There is no outstanding debt for BASE. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
BASE Yearly Shares OutstandingBASE Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 10M 20M 30M 40M
BASE Yearly Total Debt VS Total AssetsBASE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

2.2 Solvency

BASE has an Altman-Z score of 2.83. This is not the best score and indicates that BASE is in the grey zone with still only limited risk for bankruptcy at the moment.
BASE has a Altman-Z score of 2.83. This is comparable to the rest of the industry: BASE outperforms 47.44% of its industry peers.
There is no outstanding debt for BASE. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 2.83
ROIC/WACCN/A
WACC10.61%
BASE Yearly LT Debt VS Equity VS FCFBASE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 50M -50M 100M 150M

2.3 Liquidity

BASE has a Current Ratio of 2.13. This indicates that BASE is financially healthy and has no problem in meeting its short term obligations.
BASE has a better Current ratio (2.13) than 69.23% of its industry peers.
A Quick Ratio of 2.13 indicates that BASE has no problem at all paying its short term obligations.
BASE has a better Quick ratio (2.13) than 70.51% of its industry peers.
Industry RankSector Rank
Current Ratio 2.13
Quick Ratio 2.13
BASE Yearly Current Assets VS Current LiabilitesBASE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

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6

3. Growth

3.1 Past

BASE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 61.43%, which is quite impressive.
Looking at the last year, BASE shows a quite strong growth in Revenue. The Revenue has grown by 19.27% in the last year.
The Revenue has been growing by 20.34% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)61.43%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%37.5%
Revenue 1Y (TTM)19.27%
Revenue growth 3Y20.34%
Revenue growth 5YN/A
Sales Q2Q%12.69%

3.2 Future

BASE is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 28.49% yearly.
Based on estimates for the next years, BASE will show a quite strong growth in Revenue. The Revenue will grow by 19.59% on average per year.
EPS Next Y49.54%
EPS Next 2Y32.87%
EPS Next 3Y28.49%
EPS Next 5YN/A
Revenue Next Year17.68%
Revenue Next 2Y15.83%
Revenue Next 3Y15.76%
Revenue Next 5Y19.59%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
BASE Yearly Revenue VS EstimatesBASE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 200M 400M 600M
BASE Yearly EPS VS EstimatesBASE Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 0 -0.5 -1 -1.5 -2

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1

4. Valuation

4.1 Price/Earnings Ratio

BASE reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for BASE. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
BASE Price Earnings VS Forward Price EarningsBASE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 -50 -100

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
BASE Per share dataBASE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3

4.3 Compensation for Growth

BASE's earnings are expected to grow with 28.49% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y32.87%
EPS Next 3Y28.49%

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0

5. Dividend

5.1 Amount

No dividends for BASE!.
Industry RankSector Rank
Dividend Yield N/A

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COUCHBASE INC

NASDAQ:BASE (2/21/2025, 8:02:43 PM)

After market: 17.9 0 (0%)

17.9

-0.4 (-2.19%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)12-03 2024-12-03/amc
Earnings (Next)02-25 2025-02-25/amc
Inst Owners85.77%
Inst Owner Change-3.03%
Ins Owners1.04%
Ins Owner Change-2.3%
Market Cap937.06M
Analysts82.73
Price Target23.32 (30.28%)
Short Float %2.77%
Short Ratio2.77
Dividend
Industry RankSector 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)2
Avg EPS beat(2)35.67%
Min EPS beat(2)32.33%
Max EPS beat(2)39%
EPS beat(4)4
Avg EPS beat(4)40.86%
Min EPS beat(4)32.33%
Max EPS beat(4)59.28%
EPS beat(8)8
Avg EPS beat(8)38.72%
EPS beat(12)12
Avg EPS beat(12)34.03%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-0.66%
Min Revenue beat(2)-0.99%
Max Revenue beat(2)-0.33%
Revenue beat(4)2
Avg Revenue beat(4)1.84%
Min Revenue beat(4)-0.99%
Max Revenue beat(4)5.25%
Revenue beat(8)6
Avg Revenue beat(8)2.62%
Revenue beat(12)10
Avg Revenue beat(12)3.23%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-1.44%
PT rev (3m)-1.19%
EPS NQ rev (1m)10.7%
EPS NQ rev (3m)8.76%
EPS NY rev (1m)0%
EPS NY rev (3m)13.59%
Revenue NQ rev (1m)-1.47%
Revenue NQ rev (3m)-1.99%
Revenue NY rev (1m)-0.01%
Revenue NY rev (3m)0.08%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 4.58
P/FCF N/A
P/OCF N/A
P/B 7.39
P/tB 7.39
EV/EBITDA N/A
EPS(TTM)-0.27
EYN/A
EPS(NY)-0.14
Fwd EYN/A
FCF(TTM)-0.58
FCFYN/A
OCF(TTM)-0.51
OCFYN/A
SpS3.91
BVpS2.42
TBVpS2.42
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -36.16%
ROE -63.45%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 88.35%
FCFM N/A
ROA(3y)-27.17%
ROA(5y)-32.49%
ROE(3y)-46.8%
ROE(5y)N/A
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-0.39%
GM growth 5YN/A
F-Score4
Asset Turnover0.92
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 205.76%
Cap/Sales 1.92%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.13
Quick Ratio 2.13
Altman-Z 2.83
F-Score4
WACC10.61%
ROIC/WACCN/A
Cap/Depr(3y)133.87%
Cap/Depr(5y)241.06%
Cap/Sales(3y)2.31%
Cap/Sales(5y)3.07%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)61.43%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%37.5%
EPS Next Y49.54%
EPS Next 2Y32.87%
EPS Next 3Y28.49%
EPS Next 5YN/A
Revenue 1Y (TTM)19.27%
Revenue growth 3Y20.34%
Revenue growth 5YN/A
Sales Q2Q%12.69%
Revenue Next Year17.68%
Revenue Next 2Y15.83%
Revenue Next 3Y15.76%
Revenue Next 5Y19.59%
EBIT growth 1Y-1.94%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year51.08%
EBIT Next 3Y28.26%
EBIT Next 5YN/A
FCF growth 1Y18.99%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y20.8%
OCF growth 3YN/A
OCF growth 5YN/A