PROCORE TECHNOLOGIES INC (PCOR)
US74275K1088 - Common Stock
We assign a fundamental rating of 5 out of 10 to PCOR. PCOR was compared to 277 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.
PCOR had a positive operating cash flow in the past year.
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
The Return On Assets of PCOR (-7.30%) is comparable to the rest of the industry.
PCOR has a Return On Equity (-11.49%) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -7.3% | ||
| ROE | -11.49% | ||
| 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 82.14% is amongst the best of the industry. PCOR outperforms 89.13% 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 | 82.14% |
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.
The number of shares outstanding for PCOR has been increased compared to 1 year ago.
The number of shares outstanding for PCOR has been increased compared to 5 years ago.
The debt/assets ratio for PCOR has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 8.53 indicates that PCOR is not in any danger for bankruptcy at the moment.
PCOR has a Altman-Z score of 8.53. This is amongst the best in the industry. PCOR outperforms 83.70% of its industry peers.
PCOR has a debt to FCF ratio of 0.56. This is a very positive value and a sign of high solvency as it would only need 0.56 years to pay back of all of its debts.
PCOR has a better Debt to FCF ratio (0.56) than 79.35% of its industry peers.
PCOR has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.04, PCOR is in line with its industry, outperforming 59.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.56 | ||
| Altman-Z | 8.53 |
ROIC/WACCN/A
WACC9.88%
2.3 Liquidity
A Current Ratio of 1.60 indicates that PCOR should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.60, PCOR is in line with its industry, outperforming 47.46% of the companies in the same industry.
A Quick Ratio of 1.60 indicates that PCOR should not have too much problems paying its short term obligations.
PCOR's Quick ratio of 1.60 is in line compared to the rest of the industry. PCOR outperforms 48.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.6 | ||
| Quick Ratio | 1.6 |
3. Growth
3.1 Past
PCOR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 265.71%, which is quite impressive.
PCOR shows a strong growth in Revenue. In the last year, the Revenue has grown by 29.92%.
The Revenue has been growing by 38.50% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)265.71%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q2900%
Revenue 1Y (TTM)29.92%
Revenue growth 3Y33.39%
Revenue growth 5Y38.5%
Revenue growth Q2Q26.18%
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 73.17% on average per year.
Based on estimates for the next years, PCOR will show a very strong growth in Revenue. The Revenue will grow by 20.51% on average per year.
EPS Next Y140.69%
EPS Next 2Y85.09%
EPS Next 3Y73.17%
EPS Next 5YN/A
Revenue Next Year21.52%
Revenue Next 2Y20.78%
Revenue Next 3Y20.51%
Revenue Next 5YN/A
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
PCOR is valuated quite expensively with a Price/Earnings ratio of 119.76.
The rest of the industry has a similar Price/Earnings ratio as PCOR.
When comparing the Price/Earnings ratio of PCOR to the average of the S&P500 Index (28.60), we can say PCOR is valued expensively.
Based on the Price/Forward Earnings ratio of 69.92, the valuation of PCOR can be described as expensive.
PCOR's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 20.15. PCOR is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 119.76 | ||
| Fwd PE | 69.92 |
4.2 Price Multiples
The rest of the industry has a similar Price/Free Cash Flow ratio as PCOR.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 131.02 | ||
| 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 73.17% in the coming years.
PEG (NY)0.85
PEG (5Y)N/A
EPS Next 2Y85.09%
EPS Next 3Y73.17%
5. Dividend
5.1 Amount
No dividends for PCOR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
PROCORE TECHNOLOGIES INC
NYSE:PCOR (5/17/2024, 7:19:02 PM)
After market: 69.46 0 (0%)69.46
+0.23 (+0.33%)
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 Cap10.16B
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)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
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 | 119.76 | ||
| Fwd PE | 69.92 | ||
| 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)0.85
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -7.3% | ||
| ROE | -11.49% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 82.14% | ||
| 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 Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.6 | ||
| Quick Ratio | 1.6 | ||
| 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)
Growth
EPS 1Y (TTM)265.71%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y140.69%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)29.92%
Revenue growth 3Y33.39%
Revenue growth 5Y
Revenue growth 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