COMMVAULT SYSTEMS INC (CVLT) Stock Fundamental Analysis
NASDAQ:CVLT - Nasdaq - US2041661024 - Common Stock - Currency: USD
Taking everything into account, CVLT scores 6 out of 10 in our fundamental rating. CVLT was compared to 284 industry peers in the Software industry. CVLT has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. CVLT is valied quite expensively at the moment, while it does show a decent growth rate. This makes CVLT very considerable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year CVLT was profitable.
In the past year CVLT had a positive cash flow from operations.
In multiple years CVLT reported negative net income over the last 5 years.
Each year in the past 5 years CVLT had a positive operating cash flow.
1.2 Ratios
CVLT's Return On Assets of 16.73% is amongst the best of the industry. CVLT outperforms 92.75% of its industry peers.
Looking at the Return On Equity, with a value of 59.49%, CVLT belongs to the top of the industry, outperforming 96.74% of the companies in the same industry.
The Return On Invested Capital of CVLT (12.84%) is better than 90.94% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CVLT is in line with the industry average of 11.91%.
The last Return On Invested Capital (12.84%) for CVLT is above the 3 year average (11.31%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.73% | ||
| ROE | 59.49% | ||
| ROIC | 12.84% |
ROA(3y)5.81%
ROA(5y)2.67%
ROE(3y)18.21%
ROE(5y)9.08%
ROIC(3y)11.31%
ROIC(5y)8.11%
1.3 Margins
The Profit Margin of CVLT (18.14%) is better than 84.78% of its industry peers.
In the last couple of years the Profit Margin of CVLT has grown nicely.
With a decent Operating Margin value of 8.82%, CVLT is doing good in the industry, outperforming 75.72% of the companies in the same industry.
CVLT's Operating Margin has improved in the last couple of years.
CVLT has a Gross Margin of 81.95%. This is amongst the best in the industry. CVLT outperforms 86.23% of its industry peers.
CVLT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.82% | ||
| PM (TTM) | 18.14% | ||
| GM | 81.95% |
OM growth 3Y19.86%
OM growth 5Y25.55%
PM growth 3YN/A
PM growth 5Y108.86%
GM growth 3Y-1.17%
GM growth 5Y-0.39%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CVLT is destroying value.
The number of shares outstanding for CVLT has been reduced compared to 1 year ago.
Compared to 5 years ago, CVLT has less shares outstanding
There is no outstanding debt for CVLT. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
CVLT has an Altman-Z score of 6.34. This indicates that CVLT is financially healthy and has little risk of bankruptcy at the moment.
CVLT has a Altman-Z score of 6.34. This is in the better half of the industry: CVLT outperforms 71.38% of its industry peers.
CVLT has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 6.34 |
ROIC/WACC0.92
WACC13.99%
2.3 Liquidity
CVLT has a Current Ratio of 1.13. This is a normal value and indicates that CVLT is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of CVLT (1.13) is worse than 69.93% of its industry peers.
A Quick Ratio of 1.13 indicates that CVLT should not have too much problems paying its short term obligations.
CVLT has a Quick ratio of 1.13. This is in the lower half of the industry: CVLT underperforms 69.20% of its industry peers.
CVLT does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.13 | ||
| Quick Ratio | 1.13 |
3. Growth
3.1 Past
CVLT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 16.38%, which is quite good.
The Earnings Per Share has been growing by 10.56% on average over the past years. This is quite good.
Looking at the last year, CVLT shows a quite strong growth in Revenue. The Revenue has grown by 15.18% in the last year.
CVLT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.37% yearly.
EPS 1Y (TTM)16.38%
EPS 3Y12.14%
EPS 5Y10.56%
EPS Q2Q%20.51%
Revenue 1Y (TTM)15.18%
Revenue growth 3Y5.07%
Revenue growth 5Y3.37%
Sales Q2Q%21.13%
3.2 Future
Based on estimates for the next years, CVLT will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.11% on average per year.
The Revenue is expected to grow by 11.68% on average over the next years. This is quite good.
EPS Next Y21.23%
EPS Next 2Y17.25%
EPS Next 3Y17.11%
EPS Next 5YN/A
Revenue Next Year18%
Revenue Next 2Y15.02%
Revenue Next 3Y13.76%
Revenue Next 5Y11.68%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
CVLT is valuated quite expensively with a Price/Earnings ratio of 50.03.
CVLT's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 29.63. CVLT is valued rather expensively when compared to this.
CVLT is valuated quite expensively with a Price/Forward Earnings ratio of 41.50.
CVLT's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of CVLT to the average of the S&P500 Index (22.68), we can say CVLT is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.03 | ||
| Fwd PE | 41.5 |
4.2 Price Multiples
CVLT's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CVLT is cheaper than 61.23% of the companies in the same industry.
71.01% of the companies in the same industry are more expensive than CVLT, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 36.34 | ||
| EV/EBITDA | 85.98 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CVLT does not grow enough to justify the current Price/Earnings ratio.
CVLT has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as CVLT's earnings are expected to grow with 17.11% in the coming years.
PEG (NY)2.36
PEG (5Y)4.74
EPS Next 2Y17.25%
EPS Next 3Y17.11%
5. Dividend
5.1 Amount
No dividends for CVLT!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
170.61
-14.27 (-7.72%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners98.53%
Inst Owner Change3.31%
Ins Owners0.88%
Ins Owner Change-1.57%
Market Cap7.51B
Analysts77.65
Price Target179.29 (5.09%)
Short Float %2.83%
Short Ratio2.86
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)2
Avg EPS beat(2)6.53%
Min EPS beat(2)5.64%
Max EPS beat(2)7.42%
EPS beat(4)4
Avg EPS beat(4)8.17%
Min EPS beat(4)5.64%
Max EPS beat(4)13.51%
EPS beat(8)8
Avg EPS beat(8)8.66%
EPS beat(12)10
Avg EPS beat(12)7.48%
EPS beat(16)13
Avg EPS beat(16)7.05%
Revenue beat(2)2
Avg Revenue beat(2)4.21%
Min Revenue beat(2)3.59%
Max Revenue beat(2)4.83%
Revenue beat(4)4
Avg Revenue beat(4)3.41%
Min Revenue beat(4)2.19%
Max Revenue beat(4)4.83%
Revenue beat(8)7
Avg Revenue beat(8)2.07%
Revenue beat(12)7
Avg Revenue beat(12)1.01%
Revenue beat(16)9
Avg Revenue beat(16)0.63%
PT rev (1m)0.9%
PT rev (3m)7.51%
EPS NQ rev (1m)5.62%
EPS NQ rev (3m)6.24%
EPS NY rev (1m)3.48%
EPS NY rev (3m)3.66%
Revenue NQ rev (1m)4.29%
Revenue NQ rev (3m)13.63%
Revenue NY rev (1m)2.32%
Revenue NY rev (3m)2.35%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.03 | ||
| Fwd PE | 41.5 | ||
| P/S | 7.95 | ||
| P/FCF | 36.34 | ||
| P/OCF | 35.68 | ||
| P/B | 26.08 | ||
| P/tB | 94.39 | ||
| EV/EBITDA | 85.98 |
EPS(TTM)3.41
EY2%
EPS(NY)4.11
Fwd EY2.41%
FCF(TTM)4.7
FCFY2.75%
OCF(TTM)4.78
OCFY2.8%
SpS21.45
BVpS6.54
TBVpS1.81
PEG (NY)2.36
PEG (5Y)4.74
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.73% | ||
| ROE | 59.49% | ||
| ROCE | 16.25% | ||
| ROIC | 12.84% | ||
| ROICexc | 24.49% | ||
| ROICexgc | 109.35% | ||
| OM | 8.82% | ||
| PM (TTM) | 18.14% | ||
| GM | 81.95% | ||
| FCFM | 21.89% |
ROA(3y)5.81%
ROA(5y)2.67%
ROE(3y)18.21%
ROE(5y)9.08%
ROIC(3y)11.31%
ROIC(5y)8.11%
ROICexc(3y)39.01%
ROICexc(5y)28.49%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)14.32%
ROCE(5y)10.26%
ROICexcg growth 3Y34.91%
ROICexcg growth 5Y51.63%
ROICexc growth 3Y22.27%
ROICexc growth 5Y-0.93%
OM growth 3Y19.86%
OM growth 5Y25.55%
PM growth 3YN/A
PM growth 5Y108.86%
GM growth 3Y-1.17%
GM growth 5Y-0.39%
F-Score6
Asset Turnover0.92
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 44.8% | ||
| Cap/Sales | 0.41% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 229.25% | ||
| Profit Quality | 120.64% | ||
| Current Ratio | 1.13 | ||
| Quick Ratio | 1.13 | ||
| Altman-Z | 6.34 |
F-Score6
WACC13.99%
ROIC/WACC0.92
Cap/Depr(3y)43.03%
Cap/Depr(5y)39.88%
Cap/Sales(3y)0.47%
Cap/Sales(5y)0.6%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)16.38%
EPS 3Y12.14%
EPS 5Y10.56%
EPS Q2Q%20.51%
EPS Next Y21.23%
EPS Next 2Y17.25%
EPS Next 3Y17.11%
EPS Next 5YN/A
Revenue 1Y (TTM)15.18%
Revenue growth 3Y5.07%
Revenue growth 5Y3.37%
Sales Q2Q%21.13%
Revenue Next Year18%
Revenue Next 2Y15.02%
Revenue Next 3Y13.76%
Revenue Next 5Y11.68%
EBIT growth 1Y8.02%
EBIT growth 3Y25.94%
EBIT growth 5Y29.78%
EBIT Next Year20.38%
EBIT Next 3Y17.03%
EBIT Next 5YN/A
FCF growth 1Y10.59%
FCF growth 3Y19.92%
FCF growth 5Y14.03%
OCF growth 1Y10.98%
OCF growth 3Y18.01%
OCF growth 5Y13.08%