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SIMILARWEB LTD (SMWB) Stock Fundamental Analysis

NYSE:SMWB - New York Stock Exchange, Inc. - IL0011751653 - Common Stock - Currency: USD

16.66  +0.89 (+5.64%)

After market: 16.8 +0.14 (+0.84%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to SMWB. SMWB was compared to 286 industry peers in the Software industry. SMWB scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. SMWB is not priced too expensively while it is growing strongly. Keep and eye on this one!


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

SMWB had positive earnings in the past year.
SMWB had a positive operating cash flow in the past year.
SMWB had negative earnings in each of the past 5 years.
SMWB had a negative operating cash flow in each of the past 5 years.
SMWB Yearly Net Income VS EBIT VS OCF VS FCFSMWB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 -20M -40M -60M -80M

1.2 Ratios

SMWB's Return On Assets of -4.17% is in line compared to the rest of the industry. SMWB outperforms 50.18% of its industry peers.
SMWB has a worse Return On Equity (-36.08%) than 63.80% of its industry peers.
Industry RankSector Rank
ROA -4.17%
ROE -36.08%
ROIC N/A
ROA(3y)-25.57%
ROA(5y)-27.44%
ROE(3y)-216.89%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
SMWB Yearly ROA, ROE, ROICSMWB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 0 200 -200

1.3 Margins

The Gross Margin of SMWB (78.72%) is better than 75.27% of its industry peers.
SMWB's Gross Margin has improved in the last couple of years.
The Profit Margin and Operating Margin are not available for SMWB so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 78.72%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.55%
GM growth 5Y7.6%
SMWB Yearly Profit, Operating, Gross MarginsSMWB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 0 50 -50

4

2. Health

2.1 Basic Checks

SMWB does not have a ROIC to compare to the WACC, probably because it is not profitable.
SMWB has more shares outstanding than it did 1 year ago.
SMWB has a worse debt/assets ratio than last year.
SMWB Yearly Shares OutstandingSMWB Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 20M 40M 60M
SMWB Yearly Total Debt VS Total AssetsSMWB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 50M 100M 150M 200M

2.2 Solvency

An Altman-Z score of 2.40 indicates that SMWB is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of SMWB (2.40) is comparable to the rest of the industry.
There is no outstanding debt for SMWB. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 2.4
ROIC/WACCN/A
WACC9.02%
SMWB Yearly LT Debt VS Equity VS FCFSMWB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 0 50M -50M

2.3 Liquidity

A Current Ratio of 0.75 indicates that SMWB may have some problems paying its short term obligations.
With a Current ratio value of 0.75, SMWB is not doing good in the industry: 85.30% of the companies in the same industry are doing better.
A Quick Ratio of 0.75 indicates that SMWB may have some problems paying its short term obligations.
SMWB's Quick ratio of 0.75 is on the low side compared to the rest of the industry. SMWB is outperformed by 84.59% of its industry peers.
Industry RankSector Rank
Current Ratio 0.75
Quick Ratio 0.75
SMWB Yearly Current Assets VS Current LiabilitesSMWB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 50M 100M 150M

7

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 166.67% over the past year.
SMWB shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.39%.
SMWB shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 33.46% yearly.
EPS 1Y (TTM)166.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%400%
Revenue 1Y (TTM)13.39%
Revenue growth 3Y32.61%
Revenue growth 5Y33.46%
Sales Q2Q%18.01%

3.2 Future

SMWB is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 87.93% yearly.
Based on estimates for the next years, SMWB will show a quite strong growth in Revenue. The Revenue will grow by 14.79% on average per year.
EPS Next Y307.4%
EPS Next 2Y129.03%
EPS Next 3Y87.93%
EPS Next 5YN/A
Revenue Next Year15.05%
Revenue Next 2Y14.73%
Revenue Next 3Y14.79%
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.
SMWB Yearly Revenue VS EstimatesSMWB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M
SMWB Yearly EPS VS EstimatesSMWB Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 -0.5 -1

4

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 92.56 indicates a quite expensive valuation of SMWB.
The rest of the industry has a similar Price/Earnings ratio as SMWB.
SMWB is valuated expensively when we compare the Price/Earnings ratio to 28.42, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 57.03 indicates a quite expensive valuation of SMWB.
The rest of the industry has a similar Price/Forward Earnings ratio as SMWB.
When comparing the Price/Forward Earnings ratio of SMWB to the average of the S&P500 Index (24.39), we can say SMWB is valued expensively.
Industry RankSector Rank
PE 92.56
Fwd PE 57.03
SMWB Price Earnings VS Forward Price EarningsSMWB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

SMWB's Enterprise Value to EBITDA is on the same level as the industry average.
66.67% of the companies in the same industry are more expensive than SMWB, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 48.09
EV/EBITDA 260.59
SMWB Per share dataSMWB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
SMWB's earnings are expected to grow with 87.93% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.3
PEG (5Y)N/A
EPS Next 2Y129.03%
EPS Next 3Y87.93%

0

5. Dividend

5.1 Amount

SMWB does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

SIMILARWEB LTD

NYSE:SMWB (1/28/2025, 8:04:37 PM)

After market: 16.8 +0.14 (+0.84%)

16.66

+0.89 (+5.64%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-12 2024-11-12/amc
Earnings (Next)02-11 2025-02-11/amc
Inst Owners51.82%
Inst Owner Change5.56%
Ins Owners4.92%
Ins Owner ChangeN/A
Market Cap1.36B
Analysts86.67
Price Target15.17 (-8.94%)
Short Float %1.03%
Short Ratio1.24
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)2
Avg EPS beat(2)87.62%
Min EPS beat(2)7.9%
Max EPS beat(2)167.35%
EPS beat(4)4
Avg EPS beat(4)77.42%
Min EPS beat(4)7.9%
Max EPS beat(4)167.35%
EPS beat(8)8
Avg EPS beat(8)69.78%
EPS beat(12)12
Avg EPS beat(12)54.14%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-0.24%
Min Revenue beat(2)-1.46%
Max Revenue beat(2)0.98%
Revenue beat(4)1
Avg Revenue beat(4)-0.71%
Min Revenue beat(4)-1.92%
Max Revenue beat(4)0.98%
Revenue beat(8)1
Avg Revenue beat(8)-1.07%
Revenue beat(12)4
Avg Revenue beat(12)0.19%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)1.09%
PT rev (3m)26.6%
EPS NQ rev (1m)0%
EPS NQ rev (3m)21.75%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.44%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.34%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.94%
Valuation
Industry RankSector Rank
PE 92.56
Fwd PE 57.03
P/S 5.64
P/FCF 48.09
P/OCF 44.62
P/B 51.96
P/tB N/A
EV/EBITDA 260.59
EPS(TTM)0.18
EY1.08%
EPS(NY)0.29
Fwd EY1.75%
FCF(TTM)0.35
FCFY2.08%
OCF(TTM)0.37
OCFY2.24%
SpS2.95
BVpS0.32
TBVpS-0.08
PEG (NY)0.3
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -4.17%
ROE -36.08%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 78.72%
FCFM 11.73%
ROA(3y)-25.57%
ROA(5y)-27.44%
ROE(3y)-216.89%
ROE(5y)N/A
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 3Y0.55%
GM growth 5Y7.6%
F-Score7
Asset Turnover1.06
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 20.8%
Cap/Sales 0.91%
Interest Coverage N/A
Cash Conversion 647.17%
Profit Quality N/A
Current Ratio 0.75
Quick Ratio 0.75
Altman-Z 2.4
F-Score7
WACC9.02%
ROIC/WACCN/A
Cap/Depr(3y)138.67%
Cap/Depr(5y)115.17%
Cap/Sales(3y)6.5%
Cap/Sales(5y)4.65%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)166.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%400%
EPS Next Y307.4%
EPS Next 2Y129.03%
EPS Next 3Y87.93%
EPS Next 5YN/A
Revenue 1Y (TTM)13.39%
Revenue growth 3Y32.61%
Revenue growth 5Y33.46%
Sales Q2Q%18.01%
Revenue Next Year15.05%
Revenue Next 2Y14.73%
Revenue Next 3Y14.79%
Revenue Next 5YN/A
EBIT growth 1Y85.84%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year360.15%
EBIT Next 3Y84.49%
EBIT Next 5YN/A
FCF growth 1Y138.14%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y169.01%
OCF growth 3YN/A
OCF growth 5YN/A