BOX INC - CLASS A (BOX) Stock Fundamental Analysis
USA - NYSE:BOX - US10316T1043 - Common Stock
32.74 USD
+0.22 (+0.68%)
32.65 USD
-0.09 (-0.27%)
Overall BOX gets a fundamental rating of 5 out of 10. We evaluated BOX against 280 industry peers in the Software industry. BOX has an average financial health and profitability rating. BOX is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year BOX was profitable.
In the past year BOX had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: BOX reported negative net income in multiple years.
Each year in the past 5 years BOX had a positive operating cash flow.
1.2 Ratios
BOX has a better Return On Assets (11.53%) than 88.57% of its industry peers.
BOX has a better Return On Equity (82.92%) than 98.21% of its industry peers.
With a decent Return On Invested Capital value of 6.99%, BOX is doing good in the industry, outperforming 75.71% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for BOX is below the industry average of 11.85%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.53% | ||
| ROE | 82.92% | ||
| ROIC | 6.99% |
ROA(3y)6.93%
ROA(5y)2.74%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)7.17%
ROIC(5y)N/A
1.3 Margins
With an excellent Profit Margin value of 16.64%, BOX belongs to the best of the industry, outperforming 81.07% of the companies in the same industry.
BOX's Operating Margin of 6.06% is fine compared to the rest of the industry. BOX outperforms 69.64% of its industry peers.
BOX has a Gross Margin of 78.99%. This is in the better half of the industry: BOX outperforms 77.14% of its industry peers.
BOX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.06% | ||
| PM (TTM) | 16.64% | ||
| GM | 78.99% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.43%
GM growth 5Y2.75%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BOX is destroying value.
Compared to 1 year ago, BOX has about the same amount of shares outstanding.
The number of shares outstanding for BOX has been reduced compared to 5 years ago.
The debt/assets ratio for BOX is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.18 indicates that BOX is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.18, BOX is in line with its industry, outperforming 50.36% of the companies in the same industry.
BOX has a debt to FCF ratio of 2.17. This is a good value and a sign of high solvency as BOX would need 2.17 years to pay back of all of its debts.
BOX has a Debt to FCF ratio of 2.17. This is in the better half of the industry: BOX outperforms 67.50% of its industry peers.
A Debt/Equity ratio of 1.99 is on the high side and indicates that BOX has dependencies on debt financing.
BOX has a worse Debt to Equity ratio (1.99) than 80.00% of its industry peers.
Although BOX does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.99 | ||
| Debt/FCF | 2.17 | ||
| Altman-Z | 2.18 |
ROIC/WACC0.64
WACC10.84%
2.3 Liquidity
BOX has a Current Ratio of 1.22. This is a normal value and indicates that BOX is financially healthy and should not expect problems in meeting its short term obligations.
BOX has a worse Current ratio (1.22) than 62.14% of its industry peers.
BOX has a Quick Ratio of 1.22. This is a normal value and indicates that BOX is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.22, BOX is not doing good in the industry: 61.79% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.22 | ||
| Quick Ratio | 1.22 |
3. Growth
3.1 Past
The earnings per share for BOX have decreased by -6.83% in the last year.
The Earnings Per Share has been growing by 124.22% on average over the past years. This is a very strong growth
BOX shows a small growth in Revenue. In the last year, the Revenue has grown by 6.29%.
Measured over the past years, BOX shows a quite strong growth in Revenue. The Revenue has been growing by 9.38% on average per year.
EPS 1Y (TTM)-6.83%
EPS 3Y25.99%
EPS 5Y124.22%
EPS Q2Q%-25%
Revenue 1Y (TTM)6.29%
Revenue growth 3Y7.63%
Revenue growth 5Y9.38%
Sales Q2Q%8.87%
3.2 Future
Based on estimates for the next years, BOX will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.45% on average per year.
Based on estimates for the next years, BOX will show a quite strong growth in Revenue. The Revenue will grow by 10.80% on average per year.
EPS Next Y-20.61%
EPS Next 2Y-5.41%
EPS Next 3Y5.22%
EPS Next 5Y17.45%
Revenue Next Year7.9%
Revenue Next 2Y7.74%
Revenue Next 3Y8.16%
Revenue Next 5Y10.8%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 21.83, the valuation of BOX can be described as rather expensive.
Based on the Price/Earnings ratio, BOX is valued a bit cheaper than 74.29% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.20. BOX is around the same levels.
A Price/Forward Earnings ratio of 21.53 indicates a rather expensive valuation of BOX.
74.29% of the companies in the same industry are more expensive than BOX, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.70. BOX is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.83 | ||
| Fwd PE | 21.53 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BOX is valued a bit cheaper than the industry average as 64.64% of the companies are valued more expensively.
89.29% of the companies in the same industry are more expensive than BOX, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.71 | ||
| EV/EBITDA | 47.45 |
4.3 Compensation for Growth
The decent profitability rating of BOX may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.18
EPS Next 2Y-5.41%
EPS Next 3Y5.22%
5. Dividend
5.1 Amount
BOX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
32.74
+0.22 (+0.68%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners105.03%
Inst Owner Change4.99%
Ins Owners3.25%
Ins Owner Change0.01%
Market Cap4.74B
Analysts77.14
Price Target37.84 (15.58%)
Short Float %9.65%
Short Ratio7.21
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0.1
Dividend Growth(5Y)N/A
DP8.01%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.63%
Min EPS beat(2)4.53%
Max EPS beat(2)14.73%
EPS beat(4)3
Avg EPS beat(4)6.17%
Min EPS beat(4)-0.06%
Max EPS beat(4)14.73%
EPS beat(8)6
Avg EPS beat(8)5.32%
EPS beat(12)10
Avg EPS beat(12)5.98%
EPS beat(16)14
Avg EPS beat(16)5.13%
Revenue beat(2)1
Avg Revenue beat(2)-0.18%
Min Revenue beat(2)-0.46%
Max Revenue beat(2)0.11%
Revenue beat(4)1
Avg Revenue beat(4)-0.53%
Min Revenue beat(4)-0.96%
Max Revenue beat(4)0.11%
Revenue beat(8)1
Avg Revenue beat(8)-0.7%
Revenue beat(12)2
Avg Revenue beat(12)-0.73%
Revenue beat(16)5
Avg Revenue beat(16)-0.38%
PT rev (1m)1.71%
PT rev (3m)-2.65%
EPS NQ rev (1m)-1.41%
EPS NQ rev (3m)-2.82%
EPS NY rev (1m)0%
EPS NY rev (3m)4.67%
Revenue NQ rev (1m)0.54%
Revenue NQ rev (3m)0.64%
Revenue NY rev (1m)0.42%
Revenue NY rev (3m)0.42%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.83 | ||
| Fwd PE | 21.53 | ||
| P/S | 4.21 | ||
| P/FCF | 15.71 | ||
| P/OCF | 14.04 | ||
| P/B | 21 | ||
| P/tB | 32.68 | ||
| EV/EBITDA | 47.45 |
EPS(TTM)1.5
EY4.58%
EPS(NY)1.52
Fwd EY4.65%
FCF(TTM)2.08
FCFY6.37%
OCF(TTM)2.33
OCFY7.12%
SpS7.77
BVpS1.56
TBVpS1
PEG (NY)N/A
PEG (5Y)0.18
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.53% | ||
| ROE | 82.92% | ||
| ROCE | 8.85% | ||
| ROIC | 6.99% | ||
| ROICexc | 397.58% | ||
| ROICexgc | N/A | ||
| OM | 6.06% | ||
| PM (TTM) | 16.64% | ||
| GM | 78.99% | ||
| FCFM | 26.83% |
ROA(3y)6.93%
ROA(5y)2.74%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)7.17%
ROIC(5y)N/A
ROICexc(3y)141.38%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)9.07%
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 3Y3.43%
GM growth 5Y2.75%
F-Score7
Asset Turnover0.69
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.99 | ||
| Debt/FCF | 2.17 | ||
| Debt/EBITDA | 4.73 | ||
| Cap/Depr | 133.72% | ||
| Cap/Sales | 3.18% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 355.53% | ||
| Profit Quality | 161.22% | ||
| Current Ratio | 1.22 | ||
| Quick Ratio | 1.22 | ||
| Altman-Z | 2.18 |
F-Score7
WACC10.84%
ROIC/WACC0.64
Cap/Depr(3y)65.86%
Cap/Depr(5y)46.57%
Cap/Sales(3y)2.07%
Cap/Sales(5y)1.91%
Profit Quality(3y)1246.15%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-6.83%
EPS 3Y25.99%
EPS 5Y124.22%
EPS Q2Q%-25%
EPS Next Y-20.61%
EPS Next 2Y-5.41%
EPS Next 3Y5.22%
EPS Next 5Y17.45%
Revenue 1Y (TTM)6.29%
Revenue growth 3Y7.63%
Revenue growth 5Y9.38%
Sales Q2Q%8.87%
Revenue Next Year7.9%
Revenue Next 2Y7.74%
Revenue Next 3Y8.16%
Revenue Next 5Y10.8%
EBIT growth 1Y-3.62%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year16.29%
EBIT Next 3Y15.14%
EBIT Next 5Y1.46%
FCF growth 1Y0.95%
FCF growth 3Y10.42%
FCF growth 5Y57.36%
OCF growth 1Y5.71%
OCF growth 3Y12.27%
OCF growth 5Y49.35%