Logo image of MODN

Model N Inc (MODN) Stock Fundamental Analysis

USA - NYSE:MODN - US6075251024 - Common Stock

30 USD
+0.03 (+0.1%)
Last: 6/26/2024, 8:04:00 PM
30.002 USD
+0 (+0.01%)
After Hours: 6/26/2024, 8:04:00 PM
Fundamental Rating

4

MODN gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 281 industry peers in the Software industry. MODN scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. MODN is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

In the past year MODN was profitable.
MODN had a positive operating cash flow in the past year.
MODN had negative earnings in each of the past 5 years.
MODN had a positive operating cash flow in each of the past 5 years.
MODN Yearly Net Income VS EBIT VS OCF VS FCFMODN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20M -20M

1.2 Ratios

The Return On Assets of MODN (0.05%) is better than 64.86% of its industry peers.
The Return On Equity of MODN (0.19%) is better than 67.03% of its industry peers.
Industry RankSector 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
MODN Yearly ROA, ROE, ROICMODN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 -20 -40 -60 -80

1.3 Margins

The Profit Margin of MODN (0.10%) is better than 65.58% of its industry peers.
With a Gross Margin value of 57.06%, MODN is not doing good in the industry: 64.13% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of MODN has remained more or less at the same level.
Industry RankSector 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%
MODN Yearly Profit, Operating, Gross MarginsMODN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40

5

2. Health

2.1 Basic Checks

MODN does not have a ROIC to compare to the WACC, probably because it is not profitable.
MODN has more shares outstanding than it did 1 year ago.
MODN has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, MODN has a worse debt to assets ratio.
MODN Yearly Shares OutstandingMODN Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M
MODN Yearly Total Debt VS Total AssetsMODN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

2.2 Solvency

MODN has an Altman-Z score of 2.15. This is not the best score and indicates that MODN is in the grey zone with still only limited risk for bankruptcy at the moment.
MODN has a Altman-Z score (2.15) which is comparable to the rest of the industry.
The Debt to FCF ratio of MODN is 4.68, which is a neutral value as it means it would take MODN, 4.68 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.68, MODN is in line with its industry, outperforming 59.42% of the companies in the same industry.
MODN has a Debt/Equity ratio of 2.05. This is a high value indicating a heavy dependency on external financing.
MODN's Debt to Equity ratio of 2.05 is on the low side compared to the rest of the industry. MODN is outperformed by 83.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.05
Debt/FCF 4.68
Altman-Z 2.15
ROIC/WACCN/A
WACC9.78%
MODN Yearly LT Debt VS Equity VS FCFMODN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M 100M 150M 200M 250M

2.3 Liquidity

A Current Ratio of 3.86 indicates that MODN has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.86, MODN belongs to the top of the industry, outperforming 81.16% of the companies in the same industry.
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.
With an excellent Quick ratio value of 3.86, MODN belongs to the best of the industry, outperforming 81.16% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.86
Quick Ratio 3.86
MODN Yearly Current Assets VS Current LiabilitesMODN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M

7

3. Growth

3.1 Past

MODN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 34.09%, which is quite impressive.
MODN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 94.38% yearly.
MODN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.57%.
Measured over the past years, MODN shows a quite strong growth in Revenue. The Revenue has been growing by 10.05% on average per year.
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

Based on estimates for the next years, MODN will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.28% on average per year.
Based on estimates for the next years, MODN will show a quite strong growth in Revenue. The Revenue will grow by 8.98% on average per year.
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

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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
MODN Yearly Revenue VS EstimatesMODN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M
MODN Yearly EPS VS EstimatesMODN Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 0.5 -0.5 1 1.5

4

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.
The average S&P500 Price/Earnings ratio is at 25.45. MODN is around the same levels.
Based on the Price/Forward Earnings ratio of 19.66, the valuation of MODN can be described as rather expensive.
Based on the Price/Forward Earnings ratio, MODN is valued a bit cheaper than 79.35% of the companies in the same industry.
MODN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 34.46, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 25.42
Fwd PE 19.66
MODN Price Earnings VS Forward Price EarningsMODN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

MODN's Enterprise Value to EBITDA is on the same level as the industry average.
85.14% of the companies in the same industry are more expensive than MODN, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 19.69
EV/EBITDA 223.88
MODN Per share dataMODN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

The 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 MODN's earnings are expected to grow with 19.28% in the coming years.
PEG (NY)1.42
PEG (5Y)0.27
EPS Next 2Y17.26%
EPS Next 3Y19.28%

0

5. Dividend

5.1 Amount

No dividends for MODN!.
Industry RankSector Rank
Dividend Yield N/A

Model N Inc

NYSE:MODN (6/26/2024, 8:04:00 PM)

After market: 30.002 +0 (+0.01%)

30

+0.03 (+0.1%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)05-06 2024-05-06/bmo
Earnings (Next)08-06 2024-08-06/amc
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 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)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 RankSector 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 RankSector 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 RankSector 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.