CyberArk Software Ltd. (NASDAQ: CYBR)

Sector: Technology Industry: Software - Infrastructure CIK: 0001598110
P/B 9.16
P/E -94.29
P/S 16.42
Market Cap 21.40 Bn
ROIC (Qtr) -6.69
Div Yield % 0.00
Rev 1y % (Qtr) 42.79
Total Debt (Qtr) 1.22 Bn
Debt/Equity (Qtr) 0.52

About

Stock Price Chart

Analysis

Pros

  • Robust free cash flow of 198.28M exceeds capital expenditure of 20.39M by 9.72x, indicating strong organic growth funding capability.
  • R&D investment of 320.81M represents healthy 0.46x of deferred revenue 696.61M, indicating strong future innovation pipeline.
  • Cash position of 523.56M represents healthy 0.54x of working capital 976.28M, demonstrating strong operational liquidity.
  • Robust R&D investment of 320.81M at 0.40x of SG&A 809.28M demonstrates strong commitment to innovation and future growth.
  • Short-term investments of 944.06M provide healthy 0.97x coverage of working capital 976.28M, indicating strong liquidity.

Cons

  • Operating cash flow of 218.67M barely covers its investment activities of (2.34B), with a coverage ratio of -0.09, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Investment activities of (2.34B) provide weak support for R&D spending of 320.81M, which is -7.29x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • Operating cash flow of 218.67M provides insufficient coverage of deferred revenue obligations of 696.61M, which is 0.31x, raising concerns about future service delivery capabilities.
  • The company's operating cash flow of 218.67M shows concerning coverage of stock compensation expenses of 214.35M, with a 1.02 ratio indicating potential earnings quality issues.
  • Operating earnings of (137.99M) show weak coverage of depreciation charges of 127.14M, with a -1.09 ratio indicating high capital intensity and potential reinvestment needs.

Peer Comparison

Companies in the Software - Infrastructure
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 MSFT Microsoft Corp 3,542.10 Bn 33.76 12.06 60.56 Bn
2 ORCL Oracle Corp 533.93 Bn 34.61 8.75 124.39 Bn
3 PLTR Palantir Technologies Inc. 437.56 Bn 399.47 112.31 0.24 Bn
4 PANW Palo Alto Networks Inc 125.16 Bn 112.03 13.10 0.35 Bn
5 CRWD CrowdStrike Holdings, Inc. 120.85 Bn -384.67 26.47 0.82 Bn
6 SNPS Synopsys Inc 71.69 Bn 35.89 11.14 15.14 Bn
7 NET Cloudflare, Inc. 67.84 Bn -658.43 33.70 3.50 Bn
8 FTNT Fortinet, Inc. 63.33 Bn 33.80 9.66 1.00 Bn

Industry Comparisons

Current Valuation

Metric Value Industry Percentile
EV to Assets 4.72 2.56
EV to Cash from Ops. 99.37 38.32
EV to Debt 17.80 -11.37
EV to EBIT -157.46 -12.79
EV to EBITDA -2,002.80 7.72
EV to Free Cash Flow [EV/FCF] 109.59 24.22
EV to Market Cap 1.02 0.58
EV to Revenue 16.68 -35.00
Price to Book Value [P/B] 9.16 3.74
Price to Earnings [P/E] -94.29 -18.61

Dividend Metrics

Metric Value Industry Percentile
Dividend Coverage Ratio 0.00 -0.30
Dividend Payout Ratio % 0.00 2.69
Dividend per Basic Share 0.00 0.10
FCF Dividend Payout Ratio % 0.00 1.67
Interest Coverage 2.81 -13.15

Growth Metrics

Metric Value Industry Percentile
Capex Growth (1y) % -161.98 -404.11
Cash and Equivalents Growth (1y) % -57.73 226.02
Dividend Growth (1y) % 0.00 -0.27
EBIAT Growth (1y) % -1,356.63 31.15
EBITDA Growth (1y) % 63.86 49.02
EBIT Growth (1y) % -198.98 25.85
EBT Growth (1y) % -470.59 17.82
EPS Growth (1y) % -1,645.16 70.69
FCF Growth (1y) % -3.87 295.45
Gross Profit Growth (1y) % 34.94 49.96

Liquidity Ratios

Metric Value Industry Percentile
Asset Utilization Ratio 0.28 0.68
Cash Payout Ratio 0.00 0.02
Cash Ratio 0.61 1.21
Current Ratio 2.14 2.57
Debt to Equity Ratio 0.52 -0.93
Interest Cover Ratio 2.81 -13.15
Times Interest Earned 2.81 -13.15

Profitability

Metric Value Industry Percentile
EBITDA Margin % -0.80 -544.82
EBIT Margin % -10.59 -197.78
EBT Margin % -6.82 -602.74
Gross Margin % 76.10 52.06
Net Profit Margin % -17.40 -605.52