PROCORE TECHNOLOGIES INC (PCOR)
US74275K1088 - Common Stock
We assign a fundamental rating of 5 out of 10 to PCOR. PCOR was compared to 279 industry peers in the Software industry. While PCOR seems to be doing ok healthwise, there are quite some concerns on its profitability. PCOR shows excellent growth, but is valued quite expensive already.
1. Profitability
1.1 Basic Checks
In the past year PCOR was profitable.
In the past year PCOR had a positive cash flow from operations.
PCOR had negative earnings in each of the past 5 years.
PCOR had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
PCOR's Return On Assets of -3.63% is in line compared to the rest of the industry. PCOR outperforms 53.05% of its industry peers.
The Return On Equity of PCOR (-5.69%) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.63% | ||
| ROE | -5.69% | ||
| ROIC | N/A |
ROA(3y)-14.06%
ROA(5y)-14.15%
ROE(3y)-21.47%
ROE(5y)-26.03%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
PCOR's Gross Margin of 82.31% is amongst the best of the industry. PCOR outperforms 88.17% of its industry peers.
In the last couple of years the Gross Margin of PCOR has remained more or less at the same level.
The Profit Margin and Operating Margin are not available for PCOR so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 82.31% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.2%
GM growth 5Y0.42%
2. Health
2.1 Basic Checks
PCOR does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, PCOR has more shares outstanding
Compared to 5 years ago, PCOR has more shares outstanding
Compared to 1 year ago, PCOR has an improved debt to assets ratio.
2.2 Solvency
PCOR has an Altman-Z score of 8.94. This indicates that PCOR is financially healthy and has little risk of bankruptcy at the moment.
PCOR has a Altman-Z score of 8.94. This is in the better half of the industry: PCOR outperforms 77.78% of its industry peers.
The Debt to FCF ratio of PCOR is 0.29, which is an excellent value as it means it would take PCOR, only 0.29 years of fcf income to pay off all of its debts.
PCOR has a better Debt to FCF ratio (0.29) than 80.29% of its industry peers.
A Debt/Equity ratio of 0.03 indicates that PCOR is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.03, PCOR perfoms like the industry average, outperforming 58.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.29 | ||
| Altman-Z | 8.94 |
ROIC/WACCN/A
WACC11.87%
2.3 Liquidity
PCOR has a Current Ratio of 1.57. This is a normal value and indicates that PCOR is financially healthy and should not expect problems in meeting its short term obligations.
PCOR has a Current ratio of 1.57. This is comparable to the rest of the industry: PCOR outperforms 47.67% of its industry peers.
PCOR has a Quick Ratio of 1.57. This is a normal value and indicates that PCOR is financially healthy and should not expect problems in meeting its short term obligations.
PCOR has a Quick ratio (1.57) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.57 | ||
| Quick Ratio | 1.57 |
3. Growth
3.1 Past
PCOR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 2650.00%, which is quite impressive.
The Revenue has grown by 24.41% in the past year. This is a very strong growth!
Measured over the past years, PCOR shows a very strong growth in Revenue. The Revenue has been growing by 38.50% on average per year.
EPS 1Y (TTM)2650%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%166.67%
Revenue 1Y (TTM)24.41%
Revenue growth 3Y33.39%
Revenue growth 5Y38.5%
Sales Q2Q%19.35%
3.2 Future
Based on estimates for the next years, PCOR will show a very strong growth in Earnings Per Share. The EPS will grow by 75.83% on average per year.
PCOR is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 20.23% yearly.
EPS Next Y263.73%
EPS Next 2Y106.47%
EPS Next 3Y75.83%
EPS Next 5YN/A
Revenue Next Year22.25%
Revenue Next 2Y16.64%
Revenue Next 3Y16.08%
Revenue Next 5Y20.23%
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
The Price/Earnings ratio is 70.68, which means the current valuation is very expensive for PCOR.
PCOR's Price/Earnings ratio is in line with the industry average.
PCOR is valuated expensively when we compare the Price/Earnings ratio to 28.96, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 62.89, PCOR can be considered very expensive at the moment.
PCOR's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 23.82. PCOR is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 70.68 | ||
| Fwd PE | 62.89 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PCOR is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 79.97 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PCOR's 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 PCOR's earnings are expected to grow with 75.83% in the coming years.
PEG (NY)0.27
PEG (5Y)N/A
EPS Next 2Y106.47%
EPS Next 3Y75.83%
5. Dividend
5.1 Amount
No dividends for PCOR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
PROCORE TECHNOLOGIES INC
NYSE:PCOR (11/22/2024, 12:58:43 PM)
77.75
+2.52 (+3.35%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap11.56B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 70.68 | ||
| Fwd PE | 62.89 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.27
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.63% | ||
| ROE | -5.69% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 82.31% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.55
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.57 | ||
| Quick Ratio | 1.57 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)2650%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y263.73%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)24.41%
Revenue growth 3Y33.39%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y