NCINO INC (NCNO) Stock Fundamental Analysis
NASDAQ:NCNO - Nasdaq - US63947X1019 - Common Stock - Currency: USD
We assign a fundamental rating of 3 out of 10 to NCNO. NCNO was compared to 282 industry peers in the Software industry. While NCNO seems to be doing ok healthwise, there are quite some concerns on its profitability. While showing a medium growth rate, NCNO is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
NCNO had positive earnings in the past year.
In the past year NCNO had a positive cash flow from operations.
In the past 5 years NCNO always reported negative net income.
The reported operating cash flow has been mixed in the past 5 years: NCNO reported negative operating cash flow in multiple years.
1.2 Ratios
Looking at the Return On Assets, with a value of -1.78%, NCNO is in line with its industry, outperforming 59.93% of the companies in the same industry.
With a decent Return On Equity value of -2.74%, NCNO is doing good in the industry, outperforming 62.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.78% | ||
| ROE | -2.74% | ||
| ROIC | N/A |
ROA(3y)-4.42%
ROA(5y)-4.85%
ROE(3y)-5.85%
ROE(5y)-6.34%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
NCNO's Gross Margin of 60.05% is on the low side compared to the rest of the industry. NCNO is outperformed by 60.28% of its industry peers.
In the last couple of years the Gross Margin of NCNO has grown nicely.
The Profit Margin and Operating Margin are not available for NCNO so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 60.05% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.42%
GM growth 5Y2.3%
2. Health
2.1 Basic Checks
NCNO does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for NCNO has been increased compared to 1 year ago.
Compared to 5 years ago, NCNO has more shares outstanding
NCNO has a worse debt/assets ratio than last year.
2.2 Solvency
NCNO has an Altman-Z score of 3.44. This indicates that NCNO is financially healthy and has little risk of bankruptcy at the moment.
NCNO has a better Altman-Z score (3.44) than 60.64% of its industry peers.
NCNO has a debt to FCF ratio of 5.06. This is a neutral value as NCNO would need 5.06 years to pay back of all of its debts.
The Debt to FCF ratio of NCNO (5.06) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.24 indicates that NCNO is not too dependend on debt financing.
NCNO has a Debt to Equity ratio (0.24) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 5.06 | ||
| Altman-Z | 3.44 |
ROIC/WACCN/A
WACC10.92%
2.3 Liquidity
A Current Ratio of 1.05 indicates that NCNO should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.05, NCNO is doing worse than 72.34% of the companies in the same industry.
NCNO has a Quick Ratio of 1.05. This is a normal value and indicates that NCNO is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.05, NCNO is not doing good in the industry: 71.28% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.05 | ||
| Quick Ratio | 1.05 |
3. Growth
3.1 Past
NCNO shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by 0.00%.
NCNO shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.40%.
The Revenue has been growing by 31.37% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)0%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-15.79%
Revenue 1Y (TTM)13.4%
Revenue growth 3Y25.44%
Revenue growth 5Y31.37%
Sales Q2Q%12.53%
3.2 Future
NCNO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.17% yearly.
The Revenue is expected to grow by 8.95% on average over the next years. This is quite good.
EPS Next Y11.29%
EPS Next 2Y19.52%
EPS Next 3Y22.17%
EPS Next 5YN/A
Revenue Next Year7.54%
Revenue Next 2Y8.03%
Revenue Next 3Y8.95%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 45.75, the valuation of NCNO can be described as expensive.
Based on the Price/Earnings ratio, NCNO is valued a bit cheaper than 62.41% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.30. NCNO is valued rather expensively when compared to this.
With a Price/Forward Earnings ratio of 30.57, NCNO can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, NCNO is valued a bit cheaper than 65.25% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.76. NCNO is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.75 | ||
| Fwd PE | 30.57 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NCNO is on the same level as its industry peers.
NCNO's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 64.37 | ||
| EV/EBITDA | 150.36 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates NCNO does not grow enough to justify the current Price/Earnings ratio.
NCNO's earnings are expected to grow with 22.17% in the coming years. This may justify a more expensive valuation.
PEG (NY)4.05
PEG (5Y)N/A
EPS Next 2Y19.52%
EPS Next 3Y22.17%
5. Dividend
5.1 Amount
No dividends for NCNO!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
28.82
-0.04 (-0.14%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners114.91%
Inst Owner Change0%
Ins Owners1.41%
Ins Owner Change19.58%
Market Cap3.32B
Analysts71.3
Price Target30.96 (7.43%)
Short Float %11.01%
Short Ratio6.46
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)-19.26%
Min EPS beat(2)-36.6%
Max EPS beat(2)-1.92%
EPS beat(4)2
Avg EPS beat(4)-0.66%
Min EPS beat(4)-36.6%
Max EPS beat(4)28.46%
EPS beat(8)6
Avg EPS beat(8)20.37%
EPS beat(12)9
Avg EPS beat(12)17.38%
EPS beat(16)13
Avg EPS beat(16)21.27%
Revenue beat(2)1
Avg Revenue beat(2)-0.6%
Min Revenue beat(2)-1.59%
Max Revenue beat(2)0.4%
Revenue beat(4)1
Avg Revenue beat(4)-0.78%
Min Revenue beat(4)-1.59%
Max Revenue beat(4)0.4%
Revenue beat(8)1
Avg Revenue beat(8)-0.95%
Revenue beat(12)3
Avg Revenue beat(12)-0.52%
Revenue beat(16)7
Avg Revenue beat(16)0.4%
PT rev (1m)0.71%
PT rev (3m)-26.22%
EPS NQ rev (1m)-1.02%
EPS NQ rev (3m)-31.61%
EPS NY rev (1m)2.83%
EPS NY rev (3m)-17.77%
Revenue NQ rev (1m)0.01%
Revenue NQ rev (3m)-5.15%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.75 | ||
| Fwd PE | 30.57 | ||
| P/S | 5.96 | ||
| P/FCF | 64.37 | ||
| P/OCF | 60.29 | ||
| P/B | 3.1 | ||
| P/tB | N/A | ||
| EV/EBITDA | 150.36 |
EPS(TTM)0.63
EY2.19%
EPS(NY)0.94
Fwd EY3.27%
FCF(TTM)0.45
FCFY1.55%
OCF(TTM)0.48
OCFY1.66%
SpS4.83
BVpS9.31
TBVpS-1.47
PEG (NY)4.05
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.78% | ||
| ROE | -2.74% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 60.05% | ||
| FCFM | 9.27% |
ROA(3y)-4.42%
ROA(5y)-4.85%
ROE(3y)-5.85%
ROE(5y)-6.34%
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 3Y0.42%
GM growth 5Y2.3%
F-Score5
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 5.06 | ||
| Debt/EBITDA | 11.29 | ||
| Cap/Depr | 9.01% | ||
| Cap/Sales | 0.63% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 239.84% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.05 | ||
| Quick Ratio | 1.05 | ||
| Altman-Z | 3.44 |
F-Score5
WACC10.92%
ROIC/WACCN/A
Cap/Depr(3y)23.11%
Cap/Depr(5y)36.46%
Cap/Sales(3y)1.95%
Cap/Sales(5y)2%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)0%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-15.79%
EPS Next Y11.29%
EPS Next 2Y19.52%
EPS Next 3Y22.17%
EPS Next 5YN/A
Revenue 1Y (TTM)13.4%
Revenue growth 3Y25.44%
Revenue growth 5Y31.37%
Sales Q2Q%12.53%
Revenue Next Year7.54%
Revenue Next 2Y8.03%
Revenue Next 3Y8.95%
Revenue Next 5YN/A
EBIT growth 1Y48.46%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year23.17%
EBIT Next 3Y25.04%
EBIT Next 5YN/A
FCF growth 1Y3539%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y275.44%
OCF growth 3YN/A
OCF growth 5YN/A