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EXPENSIFY INC - A (EXFY) Stock Fundamental Analysis

NASDAQ:EXFY - Nasdaq - US30219Q1067 - Common Stock - Currency: USD

3.26  -0.19 (-5.51%)

After market: 3.21 -0.05 (-1.53%)

Fundamental Rating

5

EXFY gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 284 industry peers in the Software industry. No worries on liquidiy or solvency for EXFY as it has an excellent financial health rating, but there are worries on the profitability. EXFY has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year EXFY was profitable.
EXFY had a positive operating cash flow in the past year.
In the past 5 years EXFY always reported negative net income.
EXFY had a positive operating cash flow in each of the past 5 years.
EXFY Yearly Net Income VS EBIT VS OCF VS FCFEXFY Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 0 20M -20M -40M

1.2 Ratios

EXFY has a Return On Assets (-9.05%) which is in line with its industry peers.
EXFY's Return On Equity of -13.30% is in line compared to the rest of the industry. EXFY outperforms 46.01% of its industry peers.
Industry RankSector Rank
ROA -9.05%
ROE -13.3%
ROIC N/A
ROA(3y)-14.57%
ROA(5y)-9.13%
ROE(3y)-28.89%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
EXFY Yearly ROA, ROE, ROICEXFY Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 0 -10 -20 -30 -40

1.3 Margins

Looking at the Gross Margin, with a value of 54.45%, EXFY is doing worse than 67.75% of the companies in the same industry.
EXFY's Gross Margin has declined in the last couple of years.
EXFY 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 54.45%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.19%
GM growth 5YN/A
EXFY Yearly Profit, Operating, Gross MarginsEXFY Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 0 20 -20 40 60

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7

2. Health

2.1 Basic Checks

EXFY does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for EXFY has been increased compared to 1 year ago.
The debt/assets ratio for EXFY has been reduced compared to a year ago.
EXFY Yearly Shares OutstandingEXFY Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 20M 40M 60M 80M
EXFY Yearly Total Debt VS Total AssetsEXFY Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 50M 100M 150M 200M

2.2 Solvency

An Altman-Z score of 3.16 indicates that EXFY is not in any danger for bankruptcy at the moment.
EXFY has a Altman-Z score of 3.16. This is comparable to the rest of the industry: EXFY outperforms 53.99% of its industry peers.
EXFY has a debt to FCF ratio of 0.04. This is a very positive value and a sign of high solvency as it would only need 0.04 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 0.04, EXFY is doing good in the industry, outperforming 79.71% of the companies in the same industry.
EXFY has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
EXFY has a better Debt to Equity ratio (0.00) than 67.39% of its industry peers.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0.04
Altman-Z 3.16
ROIC/WACCN/A
WACC14.52%
EXFY Yearly LT Debt VS Equity VS FCFEXFY Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 0 20M 40M 60M 80M 100M

2.3 Liquidity

A Current Ratio of 2.87 indicates that EXFY has no problem at all paying its short term obligations.
EXFY has a Current ratio of 2.87. This is in the better half of the industry: EXFY outperforms 74.28% of its industry peers.
A Quick Ratio of 2.87 indicates that EXFY has no problem at all paying its short term obligations.
EXFY has a better Quick ratio (2.87) than 75.00% of its industry peers.
Industry RankSector Rank
Current Ratio 2.87
Quick Ratio 2.87
EXFY Yearly Current Assets VS Current LiabilitesEXFY Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 50M 100M 150M

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6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 302.04% over the past year.
Looking at the last year, EXFY shows a very negative growth in Revenue. The Revenue has decreased by -13.53% in the last year.
The Revenue has been growing by 19.59% on average over the past years. This is quite good.
EPS 1Y (TTM)302.04%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%175%
Revenue 1Y (TTM)-13.53%
Revenue growth 3Y19.59%
Revenue growth 5YN/A
Sales Q2Q%-2.97%

3.2 Future

EXFY is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 316.91% yearly.
EXFY is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 20.36% yearly.
EPS Next Y6194.5%
EPS Next 2Y697.55%
EPS Next 3Y316.91%
EPS Next 5YN/A
Revenue Next Year-7.52%
Revenue Next 2Y-0.96%
Revenue Next 3Y1.22%
Revenue Next 5Y20.36%

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.
EXFY Yearly Revenue VS EstimatesEXFY Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M
EXFY Yearly EPS VS EstimatesEXFY Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.2 0.4 0.6 0.8

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6

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 16.30 indicates a correct valuation of EXFY.
Compared to the rest of the industry, the Price/Earnings ratio of EXFY indicates a rather cheap valuation: EXFY is cheaper than 85.87% of the companies listed in the same industry.
EXFY's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 29.63.
A Price/Forward Earnings ratio of 13.23 indicates a correct valuation of EXFY.
Based on the Price/Forward Earnings ratio, EXFY is valued cheaply inside the industry as 89.13% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of EXFY to the average of the S&P500 Index (22.68), we can say EXFY is valued slightly cheaper.
Industry RankSector Rank
PE 16.3
Fwd PE 13.23
EXFY Price Earnings VS Forward Price EarningsEXFY Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, EXFY is valued a bit cheaper than 67.39% of the companies in the same industry.
Industry RankSector Rank
P/FCF 42.83
EV/EBITDA N/A
EXFY Per share dataEXFY EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.5 1 1.5

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as EXFY's earnings are expected to grow with 316.91% in the coming years.
PEG (NY)0
PEG (5Y)N/A
EPS Next 2Y697.55%
EPS Next 3Y316.91%

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0

5. Dividend

5.1 Amount

EXFY does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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EXPENSIFY INC - A

NASDAQ:EXFY (2/21/2025, 8:16:29 PM)

After market: 3.21 -0.05 (-1.53%)

3.26

-0.19 (-5.51%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-07 2024-11-07/amc
Earnings (Next)02-27 2025-02-27/amc
Inst Owners38.87%
Inst Owner Change-90.5%
Ins Owners23.08%
Ins Owner Change2.07%
Market Cap290.01M
Analysts78.18
Price Target4.08 (25.15%)
Short Float %1.27%
Short Ratio1.54
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)20.78%
Min EPS beat(2)5.8%
Max EPS beat(2)35.76%
EPS beat(4)3
Avg EPS beat(4)50.58%
Min EPS beat(4)-14.43%
Max EPS beat(4)175.18%
EPS beat(8)4
Avg EPS beat(8)-44.63%
EPS beat(12)5
Avg EPS beat(12)-64.2%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-5.28%
Min Revenue beat(2)-9.72%
Max Revenue beat(2)-0.85%
Revenue beat(4)0
Avg Revenue beat(4)-5.23%
Min Revenue beat(4)-9.72%
Max Revenue beat(4)-0.85%
Revenue beat(8)0
Avg Revenue beat(8)-6.36%
Revenue beat(12)2
Avg Revenue beat(12)-5.06%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)9.09%
PT rev (3m)20.75%
EPS NQ rev (1m)3.15%
EPS NQ rev (3m)3.15%
EPS NY rev (1m)0%
EPS NY rev (3m)8.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)-0.15%
Valuation
Industry RankSector Rank
PE 16.3
Fwd PE 13.23
P/S 2.11
P/FCF 42.83
P/OCF 18.2
P/B 2.42
P/tB 2.81
EV/EBITDA N/A
EPS(TTM)0.2
EY6.13%
EPS(NY)0.25
Fwd EY7.56%
FCF(TTM)0.08
FCFY2.33%
OCF(TTM)0.18
OCFY5.49%
SpS1.54
BVpS1.35
TBVpS1.16
PEG (NY)0
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -9.05%
ROE -13.3%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 54.45%
FCFM 4.93%
ROA(3y)-14.57%
ROA(5y)-9.13%
ROE(3y)-28.89%
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-4.19%
GM growth 5YN/A
F-Score6
Asset Turnover0.78
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0.04
Debt/EBITDA N/A
Cap/Depr 149.11%
Cap/Sales 6.67%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.87
Quick Ratio 2.87
Altman-Z 3.16
F-Score6
WACC14.52%
ROIC/WACCN/A
Cap/Depr(3y)109.47%
Cap/Depr(5y)126.6%
Cap/Sales(3y)3.82%
Cap/Sales(5y)4.49%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)302.04%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%175%
EPS Next Y6194.5%
EPS Next 2Y697.55%
EPS Next 3Y316.91%
EPS Next 5YN/A
Revenue 1Y (TTM)-13.53%
Revenue growth 3Y19.59%
Revenue growth 5YN/A
Sales Q2Q%-2.97%
Revenue Next Year-7.52%
Revenue Next 2Y-0.96%
Revenue Next 3Y1.22%
Revenue Next 5Y20.36%
EBIT growth 1Y73.9%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year1677.74%
EBIT Next 3Y177.73%
EBIT Next 5YN/A
FCF growth 1Y239.9%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y657.13%
OCF growth 3Y-41%
OCF growth 5YN/A