PAGAYA TECHNOLOGIES LTD -A (PGY)
IL0011858912 - Common Stock
Overall PGY gets a fundamental rating of 3 out of 10. We evaluated PGY against 281 industry peers in the Software industry. PGY has a bad profitability rating. Also its financial health evaluation is rather negative. PGY has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
PGY had negative earnings in the past year.
PGY had a positive operating cash flow in the past year.
1.2 Ratios
PGY has a Return On Assets (-9.10%) which is comparable to the rest of the industry.
PGY has a Return On Equity of -22.02%. This is comparable to the rest of the industry: PGY outperforms 43.06% of its industry peers.
PGY has a better Return On Invested Capital (1.53%) than 68.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.1% | ||
| ROE | -22.02% | ||
| ROIC | 1.53% |
ROA(3y)-21.16%
ROA(5y)N/A
ROE(3y)-40.22%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
PGY has a Operating Margin of 2.54%. This is in the better half of the industry: PGY outperforms 66.90% of its industry peers.
PGY has a worse Gross Margin (40.16%) than 75.80% of its industry peers.
In the last couple of years the Gross Margin of PGY has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.54% | ||
| PM (TTM) | N/A | ||
| GM | 40.16% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-9.54%
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PGY is destroying value.
The number of shares outstanding for PGY has been reduced compared to 1 year ago.
The debt/assets ratio for PGY is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.76, we must say that PGY is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.76, PGY is doing worse than 66.55% of the companies in the same industry.
The Debt to FCF ratio of PGY is 12.21, which is on the high side as it means it would take PGY, 12.21 years of fcf income to pay off all of its debts.
PGY has a Debt to FCF ratio of 12.21. This is comparable to the rest of the industry: PGY outperforms 50.18% of its industry peers.
PGY has a Debt/Equity ratio of 0.74. This is a neutral value indicating PGY is somewhat dependend on debt financing.
PGY has a worse Debt to Equity ratio (0.74) than 70.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 12.21 | ||
| Altman-Z | 0.76 |
ROIC/WACC0.18
WACC8.3%
2.3 Liquidity
PGY has a Current Ratio of 1.50. This is a normal value and indicates that PGY is financially healthy and should not expect problems in meeting its short term obligations.
PGY has a Current ratio of 1.50. This is comparable to the rest of the industry: PGY outperforms 45.20% of its industry peers.
PGY has a Quick Ratio of 1.50. This is a normal value and indicates that PGY is financially healthy and should not expect problems in meeting its short term obligations.
PGY has a Quick ratio of 1.50. This is comparable to the rest of the industry: PGY outperforms 45.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.5 | ||
| Quick Ratio | 1.5 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 43.39% over the past year.
Looking at the last year, PGY shows a quite strong growth in Revenue. The Revenue has grown by 18.78% in the last year.
PGY shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 101.67% yearly.
EPS 1Y (TTM)43.39%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-116.67%
Revenue 1Y (TTM)18.78%
Revenue growth 3Y101.67%
Revenue growth 5YN/A
Sales Q2Q%27.98%
3.2 Future
PGY is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 35.94% yearly.
The Revenue is expected to grow by 18.57% on average over the next years. This is quite good.
EPS Next Y12.07%
EPS Next 2Y49.54%
EPS Next 3Y35.94%
EPS Next 5YN/A
Revenue Next Year24.03%
Revenue Next 2Y19.96%
Revenue Next 3Y18.57%
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
PGY reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 20.95, the valuation of PGY can be described as rather expensive.
Based on the Price/Forward Earnings ratio, PGY is valued a bit cheaper than 75.80% of the companies in the same industry.
PGY is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.28, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 20.95 |
4.2 Price Multiples
75.44% of the companies in the same industry are more expensive than PGY, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, PGY is valued cheaply inside the industry as 88.26% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.81 | ||
| EV/EBITDA | 25.78 |
4.3 Compensation for Growth
PGY's 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 PGY's earnings are expected to grow with 35.94% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y49.54%
EPS Next 3Y35.94%
5. Dividend
5.1 Amount
No dividends for PGY!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
PAGAYA TECHNOLOGIES LTD -A
NASDAQ:PGY (11/4/2024, 8:00:00 PM)
After market: 10.95 +0.26 (+2.43%)10.69
-0.99 (-8.48%)
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 Cap767.76M
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)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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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 | N/A | ||
| Fwd PE | 20.95 | ||
| 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)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.1% | ||
| ROE | -22.02% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 2.54% | ||
| PM (TTM) | N/A | ||
| GM | 40.16% | ||
| 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 Turnover0.64
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.5 | ||
| Quick Ratio | 1.5 | ||
| 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)43.39%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y12.07%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)18.78%
Revenue growth 3Y101.67%
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