ELASTIC NV (ESTC)
NL0013056914 - Common Stock
ESTC gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 280 industry peers in the Software industry. The financial health of ESTC is average, but there are quite some concerns on its profitability. ESTC shows excellent growth, but is valued quite expensive already.
1. Profitability
1.1 Basic Checks
ESTC had positive earnings in the past year.
ESTC had a positive operating cash flow in the past year.
ESTC had negative earnings in 4 of the past 5 years.
Of the past 5 years ESTC 4 years had a positive operating cash flow.
1.2 Ratios
ESTC's Return On Assets of 2.70% is fine compared to the rest of the industry. ESTC outperforms 70.25% of its industry peers.
ESTC has a Return On Equity of 7.44%. This is in the better half of the industry: ESTC outperforms 75.27% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.7% | ||
| ROE | 7.44% | ||
| ROIC | N/A |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
ESTC has a better Profit Margin (4.39%) than 69.18% of its industry peers.
Looking at the Gross Margin, with a value of 74.02%, ESTC is in the better half of the industry, outperforming 63.44% of the companies in the same industry.
In the last couple of years the Gross Margin of ESTC has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 4.39% | ||
| GM | 74.02% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.19%
GM growth 5Y0.75%
2. Health
2.1 Basic Checks
ESTC does not have a ROIC to compare to the WACC, probably because it is not profitable.
ESTC has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 4.75 indicates that ESTC is not in any danger for bankruptcy at the moment.
ESTC has a better Altman-Z score (4.75) than 60.57% of its industry peers.
ESTC has a debt to FCF ratio of 2.83. This is a good value and a sign of high solvency as ESTC would need 2.83 years to pay back of all of its debts.
ESTC has a Debt to FCF ratio of 2.83. This is in the better half of the industry: ESTC outperforms 63.80% of its industry peers.
ESTC has a Debt/Equity ratio of 0.70. This is a neutral value indicating ESTC is somewhat dependend on debt financing.
ESTC has a worse Debt to Equity ratio (0.70) than 70.97% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | 2.83 | ||
| Altman-Z | 4.75 |
ROIC/WACCN/A
WACC7.2%
2.3 Liquidity
ESTC has a Current Ratio of 1.99. This is a normal value and indicates that ESTC is financially healthy and should not expect problems in meeting its short term obligations.
ESTC has a Current ratio of 1.99. This is comparable to the rest of the industry: ESTC outperforms 59.86% of its industry peers.
A Quick Ratio of 1.99 indicates that ESTC should not have too much problems paying its short term obligations.
ESTC has a Quick ratio of 1.99. This is in the better half of the industry: ESTC outperforms 60.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.99 | ||
| Quick Ratio | 1.99 |
3. Growth
3.1 Past
ESTC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 49.50%, which is quite impressive.
Looking at the last year, ESTC shows a quite strong growth in Revenue. The Revenue has grown by 18.71% in the last year.
ESTC shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 36.07% yearly.
EPS 1Y (TTM)49.5%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%59.46%
Revenue 1Y (TTM)18.71%
Revenue growth 3Y27.71%
Revenue growth 5Y36.07%
Sales Q2Q%17.63%
3.2 Future
The Earnings Per Share is expected to grow by 35.56% on average over the next years. This is a very strong growth
Based on estimates for the next years, ESTC will show a quite strong growth in Revenue. The Revenue will grow by 16.79% on average per year.
EPS Next Y45.91%
EPS Next 2Y27.97%
EPS Next 3Y26.99%
EPS Next 5Y35.56%
Revenue Next Year15.31%
Revenue Next 2Y14.59%
Revenue Next 3Y15.64%
Revenue Next 5Y16.79%
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
A Price/Earnings ratio of 68.63 indicates a quite expensive valuation of ESTC.
ESTC's Price/Earnings is on the same level as the industry average.
ESTC is valuated expensively when we compare the Price/Earnings ratio to 27.20, which is the current average of the S&P500 Index.
ESTC is valuated quite expensively with a Price/Forward Earnings ratio of 53.18.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ESTC is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.73, ESTC is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 68.63 | ||
| Fwd PE | 53.18 |
4.2 Price Multiples
62.01% of the companies in the same industry are more expensive than ESTC, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 53.41 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
ESTC's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as ESTC's earnings are expected to grow with 26.99% in the coming years.
PEG (NY)1.49
PEG (5Y)N/A
EPS Next 2Y27.97%
EPS Next 3Y26.99%
5. Dividend
5.1 Amount
ESTC does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
ELASTIC NV
NYSE:ESTC (12/20/2024, 8:07:35 PM)
After market: 106.27 +2.64 (+2.55%)103.63
-0.08 (-0.08%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners91.87%
Inst Owner Change-5.04%
Ins Owners15.56%
Ins Owner Change-0.26%
Market Cap10.74B
Analysts80.63
Price Target130.88 (26.3%)
Short Float %2.63%
Short Ratio1.58
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/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)44.38%
Min EPS beat(2)36.24%
Max EPS beat(2)52.52%
EPS beat(4)4
Avg EPS beat(4)26.41%
Min EPS beat(4)4.95%
Max EPS beat(4)52.52%
EPS beat(8)8
Avg EPS beat(8)81.03%
EPS beat(12)12
Avg EPS beat(12)69.59%
EPS beat(16)16
Avg EPS beat(16)71.41%
Revenue beat(2)1
Avg Revenue beat(2)-0.36%
Min Revenue beat(2)-1.19%
Max Revenue beat(2)0.47%
Revenue beat(4)1
Avg Revenue beat(4)-0.38%
Min Revenue beat(4)-1.19%
Max Revenue beat(4)0.47%
Revenue beat(8)3
Avg Revenue beat(8)-0.32%
Revenue beat(12)5
Avg Revenue beat(12)0.25%
Revenue beat(16)9
Avg Revenue beat(16)1.92%
PT rev (1m)26.18%
PT rev (3m)-1.3%
EPS NQ rev (1m)5.51%
EPS NQ rev (3m)9.33%
EPS NY rev (1m)10.69%
EPS NY rev (3m)10.96%
Revenue NQ rev (1m)0.34%
Revenue NQ rev (3m)-3.29%
Revenue NY rev (1m)0.95%
Revenue NY rev (3m)0.82%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 68.63 | ||
| Fwd PE | 53.18 | ||
| P/S | 7.81 | ||
| P/FCF | 53.41 | ||
| P/OCF | 52.52 | ||
| P/B | 13.23 | ||
| P/tB | 22.49 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.51
EY1.46%
EPS(NY)1.95
Fwd EY1.88%
FCF(TTM)1.94
FCFY1.87%
OCF(TTM)1.97
OCFY1.9%
SpS13.28
BVpS7.83
TBVpS4.61
PEG (NY)1.49
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.7% | ||
| ROE | 7.44% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 4.39% | ||
| GM | 74.02% | ||
| FCFM | 14.62% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
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 3Y0.19%
GM growth 5Y0.75%
F-Score7
Asset Turnover0.62
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | 2.83 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 21.21% | ||
| Cap/Sales | 0.25% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 333.21% | ||
| Current Ratio | 1.99 | ||
| Quick Ratio | 1.99 | ||
| Altman-Z | 4.75 |
F-Score7
WACC7.2%
ROIC/WACCN/A
Cap/Depr(3y)23.34%
Cap/Depr(5y)64.33%
Cap/Sales(3y)0.46%
Cap/Sales(5y)1.78%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)49.5%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%59.46%
EPS Next Y45.91%
EPS Next 2Y27.97%
EPS Next 3Y26.99%
EPS Next 5Y35.56%
Revenue 1Y (TTM)18.71%
Revenue growth 3Y27.71%
Revenue growth 5Y36.07%
Sales Q2Q%17.63%
Revenue Next Year15.31%
Revenue Next 2Y14.59%
Revenue Next 3Y15.64%
Revenue Next 5Y16.79%
EBIT growth 1Y20.39%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year39.27%
EBIT Next 3Y33.98%
EBIT Next 5Y12.43%
FCF growth 1Y11028.5%
FCF growth 3Y98.28%
FCF growth 5YN/A
OCF growth 1Y6854.69%
OCF growth 3Y87.55%
OCF growth 5YN/A