OneStream, Inc. (NASDAQ: OS)

Sector: Technology Industry: Software - Infrastructure CIK: 0001889956
P/B 6.71
P/E -38.30
P/S 5.55
Market Cap 3.17 Bn
ROIC (Qtr) -27.96
Div Yield % 0.00
Rev 1y % (Qtr) 19.49
Total Debt (Qtr) 17.70 Mn
Debt/Equity (Qtr) 0.04

About

Stock Price Chart

Analysis

Pros

  • Strong operating cash flow of 96.04M provides robust 5.43x coverage of total debt 17.70M, indicating excellent debt servicing capability and financial flexibility.
  • Healthy cash reserves of 653.85M provide 193.62x coverage of short-term debt 3.38M, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 934.05M provides 52.78x coverage of total debt 17.70M, indicating robust asset backing and low credit risk.
  • Robust free cash flow of 94.68M exceeds capital expenditure of 1.36M by 69.36x, indicating strong organic growth funding capability.
  • R&D investment of 136.46M represents healthy 0.48x of deferred revenue 282.72M, indicating strong future innovation pipeline.

Cons

  • Operating cash flow of 96.04M barely covers its investment activities of (5.07M), with a coverage ratio of -18.96, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Investment activities of (5.07M) provide weak support for R&D spending of 136.46M, which is -0.04x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • Cash reserves of 653.85M provide limited coverage of acquisition spending of (3.70M), which is -176.72x, suggesting aggressive expansion might strain liquidity if market conditions deteriorate.
  • Operating cash flow of 96.04M provides insufficient coverage of deferred revenue obligations of 282.72M, which is 0.34x, raising concerns about future service delivery capabilities.
  • The company's operating cash flow of 96.04M shows concerning coverage of stock compensation expenses of 147.14M, with a 0.65 ratio indicating potential earnings quality issues.

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 2.67 2.56
EV to Cash from Ops. 26.41 38.32
EV to Debt 143.31 -11.37
EV to EBIT -26.75 -12.79
EV to EBITDA -19.50 7.72
EV to Free Cash Flow [EV/FCF] 26.79 24.22
EV to Market Cap 0.80 0.58
EV to Revenue 4.44 -35.00
Price to Book Value [P/B] 6.71 3.74
Price to Earnings [P/E] -38.30 -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 6.65 -13.15

Growth Metrics

Metric Value Industry Percentile
Capex Growth (1y) % 43.10 -404.11
Cash and Equivalents Growth (1y) % 31.97 226.02
Dividend Growth (1y) % 0.00 -0.27
EBIAT Growth (1y) % 47.67 31.15
EBITDA Growth (1y) % 51.03 49.02
EBIT Growth (1y) % 48.69 25.85
EBT Growth (1y) % 55.42 17.82
EPS Growth (1y) % 0.00 70.69
FCF Growth (1y) % 56.73 295.45
Gross Profit Growth (1y) % 31.98 49.96

Liquidity Ratios

Metric Value Industry Percentile
Asset Utilization Ratio 0.60 0.68
Cash Payout Ratio 0.00 0.02
Cash Ratio 1.79 1.21
Current Ratio 2.37 2.57
Debt to Equity Ratio 0.04 -0.93
Interest Cover Ratio 6.65 -13.15
Times Interest Earned 6.65 -13.15

Profitability

Metric Value Industry Percentile
EBITDA Margin % -15.40 -544.82
EBIT Margin % -16.61 -197.78
EBT Margin % -14.12 -602.74
Gross Margin % 67.90 52.06
Net Profit Margin % -14.50 -605.52