Model N Inc (MODN) Stock Fundamental Analysis
USA - NYSE:MODN - US6075251024 - Common Stock
30 USD
+0.03 (+0.1%)
30.002 USD
+0 (+0.01%)
Overall MODN gets a fundamental rating of 4 out of 10. We evaluated MODN against 281 industry peers in the Software industry. While MODN seems to be doing ok healthwise, there are quite some concerns on its profitability. MODN is not overvalued while it is showing excellent growth. This is an interesting combination.
1. Profitability
1.1 Basic Checks
MODN had positive earnings in the past year.
MODN had a positive operating cash flow in the past year.
MODN had negative earnings in each of the past 5 years.
Each year in the past 5 years MODN had a positive operating cash flow.
1.2 Ratios
The Return On Assets of MODN (0.05%) is better than 64.86% of its industry peers.
MODN has a better Return On Equity (0.19%) than 67.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.05% | ||
| ROE | 0.19% | ||
| ROIC | N/A |
ROA(3y)-7.41%
ROA(5y)-7.58%
ROE(3y)-24.88%
ROE(5y)-24.45%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
MODN's Profit Margin of 0.10% is fine compared to the rest of the industry. MODN outperforms 65.58% of its industry peers.
MODN's Gross Margin of 57.06% is on the low side compared to the rest of the industry. MODN is outperformed by 64.13% of its industry peers.
In the last couple of years the Gross Margin of MODN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 0.1% | ||
| GM | 57.06% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.57%
GM growth 5Y-0.41%
2. Health
2.1 Basic Checks
MODN does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for MODN has been increased compared to 1 year ago.
The number of shares outstanding for MODN has been increased compared to 5 years ago.
MODN has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.15 indicates that MODN is not a great score, but indicates only limited risk for bankruptcy at the moment.
MODN has a Altman-Z score of 2.15. This is comparable to the rest of the industry: MODN outperforms 48.91% of its industry peers.
MODN has a debt to FCF ratio of 4.68. This is a neutral value as MODN would need 4.68 years to pay back of all of its debts.
MODN has a Debt to FCF ratio of 4.68. This is comparable to the rest of the industry: MODN outperforms 59.42% of its industry peers.
MODN has a Debt/Equity ratio of 2.05. This is a high value indicating a heavy dependency on external financing.
MODN has a worse Debt to Equity ratio (2.05) than 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.05 | ||
| Debt/FCF | 4.68 | ||
| Altman-Z | 2.15 |
ROIC/WACCN/A
WACC9.78%
2.3 Liquidity
MODN has a Current Ratio of 3.86. This indicates that MODN is financially healthy and has no problem in meeting its short term obligations.
MODN has a better Current ratio (3.86) than 81.16% of its industry peers.
MODN has a Quick Ratio of 3.86. This indicates that MODN is financially healthy and has no problem in meeting its short term obligations.
MODN's Quick ratio of 3.86 is amongst the best of the industry. MODN outperforms 81.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.86 | ||
| Quick Ratio | 3.86 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 34.09% over the past year.
MODN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 94.38% yearly.
The Revenue has grown by 8.57% in the past year. This is quite good.
MODN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.05% yearly.
EPS 1Y (TTM)34.09%
EPS 3Y32.24%
EPS 5Y94.38%
EPS Q2Q%9.09%
Revenue 1Y (TTM)8.57%
Revenue growth 3Y15.7%
Revenue growth 5Y10.05%
Sales Q2Q%4%
3.2 Future
The Earnings Per Share is expected to grow by 19.28% on average over the next years. This is quite good.
The Revenue is expected to grow by 8.98% on average over the next years. This is quite good.
EPS Next Y17.87%
EPS Next 2Y17.26%
EPS Next 3Y19.28%
EPS Next 5YN/A
Revenue Next Year6.15%
Revenue Next 2Y7.69%
Revenue Next 3Y8.98%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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
MODN is valuated quite expensively with a Price/Earnings ratio of 25.42.
Based on the Price/Earnings ratio, MODN is valued a bit cheaper than the industry average as 77.54% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 25.89, MODN is valued at the same level.
A Price/Forward Earnings ratio of 19.66 indicates a rather expensive valuation of MODN.
Based on the Price/Forward Earnings ratio, MODN is valued a bit cheaper than the industry average as 79.35% of the companies are valued more expensively.
MODN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 34.59, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.42 | ||
| Fwd PE | 19.66 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as MODN.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MODN indicates a rather cheap valuation: MODN is cheaper than 85.14% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.69 | ||
| EV/EBITDA | 223.88 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
MODN's earnings are expected to grow with 19.28% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.42
PEG (5Y)0.27
EPS Next 2Y17.26%
EPS Next 3Y19.28%
5. Dividend
5.1 Amount
No dividends for MODN!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
30
+0.03 (+0.1%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners10.07%
Inst Owner Change0%
Ins Owners11.38%
Ins Owner Change0%
Market Cap1.18B
Revenue(TTM)256.31M
Net Income(TTM)265.00K
Analysts50
Price Target30.6 (2%)
Short Float %N/A
Short RatioN/A
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)0
Avg EPS beat(2)-11.08%
Min EPS beat(2)-15.94%
Max EPS beat(2)-6.22%
EPS beat(4)2
Avg EPS beat(4)5.42%
Min EPS beat(4)-15.94%
Max EPS beat(4)40.97%
EPS beat(8)6
Avg EPS beat(8)12.91%
EPS beat(12)10
Avg EPS beat(12)91.22%
EPS beat(16)14
Avg EPS beat(16)99.56%
Revenue beat(2)1
Avg Revenue beat(2)-0.41%
Min Revenue beat(2)-0.94%
Max Revenue beat(2)0.12%
Revenue beat(4)3
Avg Revenue beat(4)0.06%
Min Revenue beat(4)-0.94%
Max Revenue beat(4)0.64%
Revenue beat(8)7
Avg Revenue beat(8)0.65%
Revenue beat(12)10
Avg Revenue beat(12)0.8%
Revenue beat(16)14
Avg Revenue beat(16)1.12%
PT rev (1m)0%
PT rev (3m)-5.83%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.19%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.38%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.02%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.42 | ||
| Fwd PE | 19.66 | ||
| P/S | 4.61 | ||
| P/FCF | 19.69 | ||
| P/OCF | 19.47 | ||
| P/B | 8.63 | ||
| P/tB | 26.54 | ||
| EV/EBITDA | 223.88 |
EPS(TTM)1.18
EY3.93%
EPS(NY)1.53
Fwd EY5.09%
FCF(TTM)1.52
FCFY5.08%
OCF(TTM)1.54
OCFY5.14%
SpS6.5
BVpS3.48
TBVpS1.13
PEG (NY)1.42
PEG (5Y)0.27
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.05% | ||
| ROE | 0.19% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 0.1% | ||
| GM | 57.06% | ||
| FCFM | 23.43% |
ROA(3y)-7.41%
ROA(5y)-7.58%
ROE(3y)-24.88%
ROE(5y)-24.45%
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
ROICexgc growth 3YN/A
ROICexgc 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-1.57%
GM growth 5Y-0.41%
F-Score7
Asset Turnover0.48
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.05 | ||
| Debt/FCF | 4.68 | ||
| Debt/EBITDA | 55.75 | ||
| Cap/Depr | 8.72% | ||
| Cap/Sales | 0.26% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 1204.2% | ||
| Profit Quality | 22664.5% | ||
| Current Ratio | 3.86 | ||
| Quick Ratio | 3.86 | ||
| Altman-Z | 2.15 |
F-Score7
WACC9.78%
ROIC/WACCN/A
Cap/Depr(3y)9.93%
Cap/Depr(5y)8.89%
Cap/Sales(3y)0.39%
Cap/Sales(5y)0.35%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)34.09%
EPS 3Y32.24%
EPS 5Y94.38%
EPS Q2Q%9.09%
EPS Next Y17.87%
EPS Next 2Y17.26%
EPS Next 3Y19.28%
EPS Next 5YN/A
Revenue 1Y (TTM)8.57%
Revenue growth 3Y15.7%
Revenue growth 5Y10.05%
Sales Q2Q%4%
Revenue Next Year6.15%
Revenue Next 2Y7.69%
Revenue Next 3Y8.98%
Revenue Next 5YN/A
EBIT growth 1Y79.94%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year33.6%
EBIT Next 3Y26.48%
EBIT Next 5YN/A
FCF growth 1Y220.67%
FCF growth 3Y18.73%
FCF growth 5Y59.11%
OCF growth 1Y213.25%
OCF growth 3Y17.87%
OCF growth 5Y56.42%
Model N Inc / MODN FAQ
Can you provide the ChartMill fundamental rating for Model N Inc?
ChartMill assigns a fundamental rating of 4 / 10 to MODN.
What is the valuation status for MODN stock?
ChartMill assigns a valuation rating of 4 / 10 to Model N Inc (MODN). This can be considered as Fairly Valued.
How profitable is Model N Inc (MODN) stock?
Model N Inc (MODN) has a profitability rating of 3 / 10.
What is the earnings growth outlook for Model N Inc?
The Earnings per Share (EPS) of Model N Inc (MODN) is expected to grow by 17.87% in the next year.